nCino Q2 revenue beats estimates; authorizes $100 mln buyback

nCino

25/08/2026 21:18

Overview
U.S. banking software provider's fiscal Q2 revenue rose 8% yr/yr, beating analyst expectations
Adjusted operating income for fiscal Q2 beat analyst expectations
Company authorized new $100 mln stock repurchase program

Outlook
nCino sees Q3 total revenue between $161.25 mln and $163.25 mln
Company expects FY 2027 total revenue between $644.0 mln and $647.0 mln
Company forecasts FY 2027 free cash flow between $137.0 mln and $142.0 mln

Result Drivers
CUSTOMER EXPANSION - Co said largest customers consolidated more operations on nCino and expanded commitments to include AI capabilities
RENEWALS AND NEW WINS - Co completed multi-year renewals with four U.S. enterprise customers and signed new clients in Germany and Japan
SUBSCRIPTION REVENUE GROWTH - Co said subscription revenues grew 10% yr/yr, outpacing overall revenue growth

Company press release: ID:nGNX6H6DQX

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$161.001 mln
$159.15 mln (13 Analysts)
Q2 EPS
 
$0.05
 
Q2 Gross Margin
 
63.00%
 
Q2 Adjusted Operating Income
Beat
$40.80 mln
$36.94 mln (12 Analysts)
Q2 Adjusted Operating Margin
 
25.00%
 
Q2 Operating Margin
 
8.00%
 
Q2 Subscription Revenue
 
$143.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "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 $24.50, about 16.9% above its August 24 closing price of $20.95
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Aug 25 - Canada's Tribe Q2 revenue rises on recurring software and services rev growth
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Aug 25 - U.S. bank profits climb 12% in second quarter as loan growth climbs: FDIC

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.)