Navan raised its full-year fiscal 2027 revenue and non-GAAP operating-income forecasts after second-quarter revenue rose 35% to $233 million and gross booking volume increased 45% to $3.0 billion. The company now expects revenue of $927 million to $933 million for the fiscal year ending Jan. 31, 2027, and non-GAAP income from operations of $82 million to $86 million. It forecast third-quarter revenue of $253 million to $255 million. Shares closed the regular session down 2.82% at $25.89 and fell 15.26% to $21.94 after hours, compared with an earlier report citing a 13% decline. Navan also announced the acquisition of AI-powered meetings and events platform BoomPop, saying the transaction will not materially affect its previous guidance.