nCino (NCNO) Stock Falls 5% Even After Beating Earnings. Here’s Why
TLDR
- nCino reported Q2 revenue of $161 million, up 8.2% year on year, beating estimates of $158.9 million
- EPS came in at $0.05, beating analyst estimates of $0.03
- Adjusted operating income of $40.83 million beat estimates by over 10%
- Full-year revenue guidance was slightly lifted to $645.5 million at the midpoint
- The board authorized a $100 million stock repurchase plan; NCNO stock fell around 5% to $19.70
nCino stock dropped around 5% to $19.70 in premarket trading Wednesday after the company reported its Q2 fiscal 2027 results, despite beating analyst estimates on revenue, earnings, and operating income.
Total revenue came in at $161 million for the quarter ended July, up 8.2% year on year. That topped Wall Street’s estimate of $158.9 million by 1.3%.
Subscription revenue hit $143.5 million, ahead of the $141.5 million analysts expected. Subscription revenue is the core of nCino’s business model.
🚨 $NCNO (nCino) Q2 FY2027 Results
Solid subscription growth + sharp profitability jump…
strong FCF and aggressive buybacks continue 🚀🏦… Continue reading the full article at the original source below.
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