nCino Q1 revenue beats analyst estimates as subscriptions increase

nCino

27/05/2026 21:21

Overview
U.S. banking software firm's fiscal Q1 revenue rose 11%, beating analyst expectations
Adjusted operating income for fiscal Q1 beat analyst expectations
Company repurchased 6.1 mln shares for about $93.1 mln in Q1

Outlook
nCino sees Q2 total revenue between $157.75 mln and $159.75 mln
Company expects FY2027 total revenue between $642.0 mln and $646.0 mln
Company projects FY2027 free cash flow between $135.0 mln and $140.0 mln

Result Drivers
AI PLATFORM ADOPTION - Co said customers are deepening investments in its platform and embracing AI capabilities, driving results, per CEO Sean Desmond
LARGE CUSTOMER RENEWALS - Co highlighted a five-year renewal with a top-5 Canadian bank and a more than doubling of committed loan volume with a top-25 independent mortgage bank
SUBSCRIPTION REVENUE - Increased 12% compared to last year, which helped improve overall revenue

Company press release: ID:nGNXfxTmr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$159.41 mln
$154.75 mln (14 Analysts)
Q1 EPS
 
$0.12
 
Q1 Gross Margin
 
63.00%
 
Q1 Adjusted Operating Income
Beat
$44.50 mln
$39.02 mln (13 Analysts)
Q1 Adjusted Operating Margin
 
28.00%
 
Q1 Operating Margin
 
13.00%
 
Q1 Subscription Revenue
 
$140.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for nCino Inc is $23.50, about 54.3% above its May 26 closing price of $15.23
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 21 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.)