GitLab Stock Drops as CFO Leaves for Snowflake, Offsetting Solid Results
1. GitLab's CFO, Brian Robins, is leaving for Snowflake, causing a 9% stock drop. 2. Robins' departure overshadowed GitLab's strong Q2 earnings and revenue growth. 3. GitLab raised its fiscal 2026 full-year EPS guidance to $0.82-$0.83. 4. Customer growth for GitLab has been robust with significant ARR increases. 5. Year-to-date, GitLab shares have lost nearly a quarter of their value.