DocuSign Q2 revenue slightly beats estimates on AI platform demand, raises FY27 revenue outlook

Docusign

03/09/2026 21:15

Overview
US e-signature software firm's fiscal Q2 revenue rose 9%, slightly beating analyst expectations
Adjusted EPS for fiscal Q2 beat consensus
Company raised full-year revenue, ARR, and IAM guidance, citing AI-driven momentum

Outlook
DocuSign raises FY27 revenue guidance to $3.499 bln-$3.507 bln
Company sees Q3 revenue between $886 mln and $890 mln
DocuSign expects IAM to represent 18%-19% of total ARR exiting Q4 FY27

Result Drivers
AI-POWERED TOOLS - Co launched new agentic tools powered by its Iris AI to automate contract workflows and analyze agreements
IAM PLATFORM GROWTH - IAM represented 15.1% of total ARR, up from 12.6% in the prior quarter, with record volume of agreements ingested
EXPANDED INTEGRATIONS - Co expanded MCP server integrations with Slack, Perplexity, and Google Cloud's Gemini Enterprise for Legal

Company press release: ID:nPn1g6Mxra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$875.70 mln
$867.43 mln (15 Analysts)
Q2 Adjusted EPS
Beat
$1.16
$1.09 (17 Analysts)
Q2 EPS
 
$0.40
 
Q2 Gross Margin
 
79.70%
 
Q2 Adjusted Gross Margin
 
81.70%
 
Q2 Free Cash Flow
 
$295.80 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 5 "strong buy" or "buy", 17 "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 15.9% below its September 2 closing price of $65.39
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

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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.)