nCino Tumbles 6.6% After-Hours Despite Q2 Beat as Guidance Disappoints
NCNO sits 39% above its 52-week low of $13.8.
Summary
nCino reported Q2 revenue of $161M, up 8% YoY and above the $159.1M consensus, but shares fell 6.6% in after-hours trading to $19.44. The drop reflects disappointment with forward guidance: Q3 revenue is expected at $161.25M-$163.25M, implying roughly flat sequential growth, and full-year revenue of $644M-$647M suggests only modest acceleration. The company also announced a new $100M buyback authorization, adding to the $300M already repurchased since April 2025. This follows the earlier Reuters report on the earnings beat, but the after-hours price action and detailed guidance figures are new information. The negative market reaction suggests investors were hoping for stronger growth signals, especially given the company's positioning in AI-driven banking software.
At the time of this announcement, NCNO was trading at $19.22 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 negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.