nCino Beats Q2 Estimates, Adds $100M Buyback
NCNO sits 38% above its 52-week low of $13.8.
Summary
nCino delivered a clean beat: Q2 revenue of $161.0M (+8% YoY) topped the $159.15M consensus, and adjusted operating income of $40.8M crushed the $36.94M estimate. The company also authorized a new $100M buyback, adding to the $93.1M repurchase executed in Q1. Guidance was solid—Q3 revenue of $161.25M-$163.25M and FY27 revenue of $644M-$647M, with free cash flow of $137M-$142M. This follows the Q1 10-Q showing GAAP profitability and the DNB deployment win in July. The stock trades at 15x forward earnings, below the peer group, with a median price target of $24.50. Watch for continued large-customer expansion and AI adoption driving subscription revenue growth.
At the time of this announcement, NCNO was trading at $19.00 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.