DocuSign Q1 revenue rises on AI platform demand, slightly beats estimates

Docusign

04/06/2026 21:19

Overview
US e-signature platform's fiscal Q1 revenue rose 9%, slightly beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Company repurchased $317.5 mln in common stock, a record for the firm

Outlook
DocuSign expects Q2 revenue between $865 mln and $869 mln
Company sees full-year revenue between $3,490 mln and $3,502 mln
DocuSign forecasts full-year non-GAAP operating margin of 30.5% to 31.0%

Result Drivers
AI-NATIVE PLATFORM DEMAND - Co said growing demand for its AI-native Intelligent Agreement Management platform drove Q1 results
AI-POWERED FEATURES - Co highlighted new AI-powered agreement management capabilities, including Iris assistant and agents, as supporting growth
INTEGRATIONS AND ECOSYSTEM - Co cited deeper integrations with business systems and partnerships with legal AI platforms as expanding platform adoption

Company press release: ID:nPn3k4qH3a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$830.23 mln
$824.77 mln (17 Analysts)
Q1 Adjusted EPS
Beat
$1.09
$0.99 (17 Analysts)
Q1 EPS
 
$0.40
 
Q1 Gross Margin
 
79.40%
 
Q1 Adjusted Gross Margin
 
81.50%
 
Q1 Free Cash Flow
 
$289.43 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 18 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for DocuSign Inc is $55.00, about 5% above its June 3 closing price of $52.40
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)