The strong beat, raised guidance, and accelerating free cash flow signal improving fundamentals. The new $100M buyback adds a capital return catalyst. Watch for continued subscription revenue acceleration and margin expansion in Q3. The stock may gap up on the print.
Price Chart
Executive Summary
nCino reported Q2 FY2027 results with EPS of $0.30 (12.9% beat vs $0.27 consensus) and revenue of $161.0M (8% YoY growth, above $159.2M consensus). Subscription revenue grew 10% YoY to $143.5M, GAAP operating margin swung positive to 8% from -6% a year ago, and the company announced a new $100M stock repurchase authorization. Guidance for Q3 and FY2027 was raised, reinforcing the strong operational momentum.
Key Financial Metrics
Key Facts
- EPS of $0.30 beat consensus of $0.27 by 12.9%.
- Total revenue of $161.0M beat consensus of $159.2M and grew 8% YoY.
- Subscription revenue of $143.5M grew 10% YoY.
- GAAP operating income of $13.6M vs a loss of $(9.3)M in the prior year.
- Non-GAAP operating margin expanded to 25% from 20% YoY.
- Free cash flow surged 170% YoY to $34.0M.
- Board authorized an additional $100M stock repurchase program.
- Q3 FY2027 guidance: total revenue $161.25M-$163.25M; subscription revenue $143.25M-$145.25M.
- FY2027 guidance raised: total revenue $644M-$647M; subscription revenue $573.5M-$576.5M; non-GAAP operating income $171M-$174M; free cash flow $137M-$142M.
- Renewed and expanded four U.S. enterprise accounts representing over $900B in assets.
Financial Impact
EPS beat by $0.03 (12.9%), revenue beat by $1.8M (1.1%). Free cash flow increased 170% YoY to $34.0M. New $100M buyback authorization.
Risk Factors
- Macroeconomic headwinds in financial services could slow customer spending.
- Integration of AI tools and customer adoption may take longer than expected.
- Competitive pressure from other fintech platforms could impact pricing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3350876 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 144 | $19.73 | awaiting T+60 | — | $23.42 (+18.70%) |
Oct 5, 2026 21d ago | 144 | $19.28 | awaiting T+60 | — | $23.42 (+21.47%) |
Sep 8, 2026 6w ago | Insider Cluster | $21.73 | awaiting T+60 | — | $23.42 (+7.78%) |
Sep 3, 2026 7w ago | 144 | $23.63 | awaiting T+60 | — | $23.42 (−0.89%) |
Aug 25, 2026 8w ago | Press Release | $21.51 | awaiting T+60 | — | $23.42 (+8.88%) |
Aug 6, 2026 11w ago | Insider Cluster | $19.17 | awaiting T+60 | — | $23.42 (+22.17%) |
Aug 6, 2026 11w ago | Insider Cluster | $19.17 | awaiting T+60 | — | $23.42 (+22.17%) |
Aug 5, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
Aug 5, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
Aug 4, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers