nCino Beats Q2 Guidance, Adds $100M Buyback Authorization
NCNO sits 38% above its 52-week low of $13.8.
Summary
nCino reported Q2 FY27 revenue of $161.0M (+8% YoY), swung to GAAP operating profit, and announced a new $100M stock repurchase authorization.
Key Events · Earnings and Guidance · NCNO
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Q2 Revenue Beats, GAAP Profitability
Total revenues of $161.0M (+8% YoY) and subscription revenues of $143.5M (+10% YoY) exceeded guidance. GAAP operating income was $13.6M versus a $9.3M loss a year ago; non-GAAP operating income rose 36% to $40.8M.
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New $100M Buyback Authorization
Board authorized an additional $100M repurchase program, following $300M in buybacks since April 2025. Q2 saw 4.2M shares repurchased at $15.41 avg (~$65M) plus finalization of the $100M ASR at $16.57 avg.
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FY27 Guidance Reaffirmed
Full-year FY27 guidance: total revenues $644.0M-$647.0M, non-GAAP operating income $171.0M-$174.0M, free cash flow $137.0M-$142.0M, and ACV of $662.5M-$667.5M.
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Q3 Guidance Above Consensus
Q3 FY27 guidance: total revenues $161.25M-$163.25M, subscription revenues $143.25M-$145.25M, non-GAAP operating income $42.0M-$44.0M.
Analysis · NCNO · Technology
A strong second quarter saw nCino beat its own guidance on revenue and profitability, swinging to GAAP operating income of $13.6 million from a $9.3 million loss a year ago. The board layered on a fresh $100 million repurchase authorization on top of the $300 million already executed since April 2025, signaling management's confidence in free cash flow generation. Guidance for Q3 and full-year FY27 was reaffirmed at levels above current consensus, with free cash flow expected to reach $137-142 million for the year.
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At the time of this filing, NCNO was trading at $19.04 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $13.80 to $33.92. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.