Schwab NetworkPublished 2026-09-02
“Wednesday's First Moves: GTLB Surges, CRDO & MDB Fall on Earnings”
$GTLBBullish
GTLB stock is rallying on strong Q2 results and forward guidance, despite concerns about sequential earnings slowdown and competition from Microsoft and AI-native platforms.
GitLab in focus in fact some new highs. Yeah, GitLab off to the races this morning. Those shares surging double digits off the back of a better thanex expected quarter here.
Revenue jumping 21% year-over-year to 286.3 million. You are seeing shares rally some 14% right now. Uh revenue topping expectations. Adjusted earnings coming in at uh better than expected as well.
Uh better than consensus here. Adjusted earnings per share coming in at 24 cents there. Street was looking for 18 cents.
What they said to watch for