Ncino Stock Earnings Reports

nCino reported Q2 FY2026 results that beat guidance on revenue and profitability. Total revenues were $148.8M (+12% YoY) with subscription revenues of $130.8M (+15% YoY; +10% organic). Non-GAAP operating income was $30M (20% of revenues). The company highlighted strong North American enterprise commercial lending activity (including expansions at multiple large banks), momentum in mortgage (US mortgage subscription revenue $20.9M, +22% YoY), and early traction across growth initiatives: EMEA expansion (first customer in Spain, ABN AMRO go-live), targeted credit-union go-to-market (6 new credit union logos and 35 cross-sells), onboarding/account opening expansions, and cross-sells into mortgage. nCino emphasized AI as a strategic differentiator—Banking Adviser has been purchased by 80+ customers and agentic workflows are expected to start rolling out next quarter. The platform-pricing transition is proceeding as expected (about 21% of ACV converted so far), with targeted uplifts (~~10% on apples-to-apples). The company repurchased ~750k shares in the quarter (~$20M), has $123.2M cash and $203.5M on its credit line, and is prioritizing realizing benefits of prior acquisitions and continued share repurchases. FY2026 guidance was raised: subscription revenues now expected $513.5M–$517.5M (≈10% growth at midpoint), total revenues $585M–$589M, non-GAAP operating income $117.5M–$121.5M, and ACV guide $564M–$567M. Management reiterated confidence in the pipeline and execution and reiterated the goal to achieve Rule of 40 around fiscal 2027.