nCino Reports Strong Q1 Earnings Beat with Positive Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2026
0mins
Source: seekingalpha
nCino Inc's stock rose 7.03% and reached a 5-day high following the announcement of strong Q1 earnings that exceeded expectations.
The company reported a Q1 GAAP EPS of $0.12, surpassing estimates by $0.07, and total revenues of $159.41 million, reflecting a 10.6% year-over-year increase. Subscription revenues surged to $140.9 million, marking a 12% increase, which underscores the expansion of its customer base and the enhanced value of its offerings. Additionally, nCino provided optimistic guidance for fiscal year 2027, projecting total revenues between $642.0 million and $646.0 million, indicating confidence in sustained growth despite a cautious outlook for its U.S. mortgage business.
This strong performance and positive guidance have boosted market confidence in nCino's future growth prospects, positioning the company favorably in the digital banking solutions sector.
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Analyst Views on NCNO
Wall Street analysts forecast NCNO stock price to rise
13 Analyst Rating
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 14.860
Low
27.00
Averages
34.20
High
38.00
Current: 14.860
Low
27.00
Averages
34.20
High
38.00
About NCNO
nCino, Inc. is a global provider of cloud banking solutions for the global financial services industry. The Company is a software-as-a-service (SaaS) company that provides software solutions to financial institutions (FIs) to streamline employee and client interactions. It delivers solutions such as cloud computing application and platform services with multi-tenant technology and shared service-oriented architecture. The nCino Platform is embedded with data and artificial intelligence (AI) that helps FIs digitize and reengineer business processes across multiple lines of business, from commercial, consumer and small business banking to mortgage lending, by offering solutions such as onboarding, account opening, lending, credit monitoring, Integration and Intelligence. It offers solutions to community banks, credit unions, independent mortgage banks, and financial entities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong International Performance: Non-US total revenue was $36.4 million, reflecting a 15% year-over-year growth, while non-US subscription revenue surged by 21%, showcasing the success of the company's global expansion strategy and enhancing its competitive position in international markets.
- Cash Flow and Share Buybacks: The company achieved free cash flow of $80.8 million, a 54% increase year-over-year, and repurchased approximately 6.1 million shares at an average price of $15.20 per share, totaling $93.1 million, demonstrating confidence in its value and commitment to shareholder returns.
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- Significant Revenue Growth: The company reported total revenues of $159.41 million for Q1, reflecting a 10.6% year-over-year increase and surpassing market expectations by $3.66 million, highlighting strong demand in the digital banking solutions sector.
- Subscription Revenue Surge: Subscription revenues reached $140.9 million in Q1, up from $125.6 million a year ago, marking a 12% increase that underscores the expansion of the customer base and the enhanced value of its offerings, further solidifying its market position.
- Optimistic Guidance: nCino's guidance for fiscal year 2027 indicates total revenues between $642.0 million and $646.0 million, with subscription revenues projected between $571.5 million and $575.5 million, reflecting the company's confidence in sustained growth and future performance potential.
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- Performance Beat Record: Over the past two years, nCino has surpassed EPS estimates 88% of the time and revenue estimates 100% of the time, indicating the company's stability and reliability in profitability and revenue growth.
- Revision Trends: In the last three months, EPS estimates have seen 13 upward revisions and 1 downward revision, while revenue estimates have experienced 13 upward revisions with no downward adjustments, showcasing analysts' optimistic outlook on nCino's future performance.
- Future Cash Flow Outlook: nCino projects its free cash flow for fiscal 2027 to be between $132 million and $137 million, while targeting a 10% annual recurring revenue (ACV) growth, reflecting the company's confidence in future growth prospects.
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- Chipmaker Stock Surge: Arm Holdings' shares jumped over 15% after Mizuho raised its price target from $290 to $360, anticipating strong growth from internal CPU demand in 2027, which boosts market confidence in its future performance.
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Ncino Inc Reports Strong Earnings, Exceeding Subscription Revenue Guidance
- Significant Revenue Growth: Ncino Inc reported total revenue of $159.4 million, an 11% year-over-year increase, with subscription revenue reaching $140.9 million, up 12%, indicating strong market performance and sustained customer demand.
- Strong International Performance: Non-US total revenue was $36.4 million, reflecting a 15% year-over-year growth, while non-US subscription revenue surged by 21%, showcasing the success of the company's global expansion strategy and enhancing its competitive position in international markets.
- Cash Flow and Share Buybacks: The company achieved free cash flow of $80.8 million, a 54% increase year-over-year, and repurchased approximately 6.1 million shares at an average price of $15.20 per share, totaling $93.1 million, demonstrating confidence in its value and commitment to shareholder returns.
- Cautious Future Outlook: Despite strong first-quarter performance, Ncino is cautious about its U.S. mortgage business, forecasting a 2% decline in subscription revenue for the second quarter, reflecting uncertainties in the market environment and a prudent approach to future growth expectations.
See More
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- Salesforce Guidance Adjustment: Salesforce guided for current-quarter revenue between $11.27 billion and $11.35 billion, slightly below analysts' expectations of $11.36 billion, although the company raised its full-year earnings guidance, indicating confidence in future growth.
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- Earnings Beat: nCino's Q1 GAAP EPS of $0.12 exceeded expectations by $0.07, indicating ongoing improvements in profitability and boosting market confidence in future growth prospects.
- Significant Revenue Growth: The company reported total revenues of $159.41 million for Q1, reflecting a 10.6% year-over-year increase and surpassing market expectations by $3.66 million, highlighting strong demand in the digital banking solutions sector.
- Subscription Revenue Surge: Subscription revenues reached $140.9 million in Q1, up from $125.6 million a year ago, marking a 12% increase that underscores the expansion of the customer base and the enhanced value of its offerings, further solidifying its market position.
- Optimistic Guidance: nCino's guidance for fiscal year 2027 indicates total revenues between $642.0 million and $646.0 million, with subscription revenues projected between $571.5 million and $575.5 million, reflecting the company's confidence in sustained growth and future performance potential.
See More
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- Earnings Announcement Date: nCino (NCNO) is set to release its Q1 2023 earnings on May 27th after market close, with consensus EPS estimates at $0.27, reflecting a 68.8% year-over-year increase, and revenue estimates at $155.75 million, up 8.1% year-over-year.
- Performance Beat Record: Over the past two years, nCino has surpassed EPS estimates 88% of the time and revenue estimates 100% of the time, indicating the company's stability and reliability in profitability and revenue growth.
- Revision Trends: In the last three months, EPS estimates have seen 13 upward revisions and 1 downward revision, while revenue estimates have experienced 13 upward revisions with no downward adjustments, showcasing analysts' optimistic outlook on nCino's future performance.
- Future Cash Flow Outlook: nCino projects its free cash flow for fiscal 2027 to be between $132 million and $137 million, while targeting a 10% annual recurring revenue (ACV) growth, reflecting the company's confidence in future growth prospects.
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