Asana Inc (ASAN) reported fiscal second-quarter revenue of $216.4 million, up 10% from a year earlier and above the high end of its guidance, as adoption of AI Studio and AI Teammates accelerated and the U.S. business returned to double-digit growth for the first time in more than two years. Net revenue retention improved across every reported customer cohort. AI products generated roughly a quarter of net new annual recurring revenue, compared with 17% in the previous quarter, although Chief Financial Officer Aziz Megji said the contribution was closer to 22% excluding a large deal. Core customer revenue rose 11% and represented 77% of total sales, while customers spending at least $100,000 annually increased 16% to 890. Asana plans to launch Agentic Work Management, or AWM, in mid-September, combining AI Teammates, AI Studio and Asana Dash, an AI assistant for goals, priorities and work decisions. Paid tiers will include a base allotment of AI Teammates and Dash requests without changing prices. The company also announced early-access products for Client Management and Service Management, with Command scheduled for early access, but expects minimal revenue from the newer offerings in fiscal 2027. Non-GAAP operating margin expanded to 10%, while gross margin fell to 87% because of AI infrastructure costs, Stack AI and a shift toward AI-product revenue. Asana forecast third-quarter revenue of $217 million to $219 million and full-year revenue of $858.5 million to $863.5 million. The outlook includes a $1.2 million second-half revenue-timing impact from consumption-based AI recognition and continued pressure from its product-led growth business. The company raised its full-year AI product net new ARR target from 15% to 20%.