Overview

* nCino fiscal Q2 total rev grows 12% yr/yr, beating analysts' expectations

* Adjusted EPS and net income also beat consensus

* Co repurchased 750,000 shares, showing confidence in strategic direction

Outlook

* nCino sees Q3 total revenues between $146 mln and $148 mln

* Company expects Q3 subscription revenues between $127.5 mln and $129.5 mln

* nCino projects FY2026 total revenues between $585 mln and $589 mln

* Company forecasts FY2026 subscription revenues between $513.5 mln and $517.5 mln

Result Drivers

* SUBSCRIPTION REVENUE GROWTH - Subscription revenues rose 15% yr/yr to $130.8 mln, driven by strong customer demand

* GEOGRAPHIC EXPANSION - Signed first Spanish customer and expanded relationships with major banks in North America

* AI-BANKING FOCUS - Strategic emphasis on AI-banking innovation contributing to growth, per CEO Sean Desmond

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $148.82 $143.20

Revenue mln mln (14

Analysts

)

Q2 Beat $0.22 $0.14

Adjusted (14

EPS Analysts

)

Q2 Beat $25.70 $16.50

Adjusted mln mln (12

Net Analysts

Income )

Q2 Gross 59.0%

Margin

Q2 Beat $30 mln $24.10

Adjusted mln (14

Operatin Analysts

g Income )

Q2 $130.80

Subscrip mln

tion

Revenue

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "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 ( NCNO ) is $33.00, about 14% above its August 25 closing price of $28.37

* The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release:

(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.)