The earnings call reflected a strong start to the fiscal year with robust revenue growth, especially internationally, and successful deployment of new AI capabilities. However, the call also highlighted challenges such as workforce reductions and conservative guidance on future revenues.

Company Guidance

During nCino's first quarter fiscal 2026 earnings call, the company reported strong financial performance, with total revenues reaching $144.1 million, a 13% increase year-over-year, and subscription revenues of $125.6 million, up 14% year-over-year. The company exceeded expectations in both total revenues and non-GAAP operating income, which was $24.8 million or 17% of total revenues. nCino's growth was driven by a significant increase in demand for its solutions, particularly in subscription revenues, which saw a boost of approximately $800,000 from U.S. mortgage revenues. Additionally, nCino experienced substantial international revenue growth, with non-U.S. total revenues at $31.6 million, representing a 22% increase year-over-year. The company also announced a restructuring event impacting around 7% of its global workforce, aimed at streamlining operations and leveraging AI tools to enhance efficiency. For the second quarter of fiscal 2026, nCino anticipates total revenues between $142 million and $144 million, with subscription revenues projected at $124.5 million to $126.5 million, reflecting a continued growth trajectory.

Strong Start to Fiscal Year 2026

Total revenues were $144.1 million, rising 13% year-over-year. Subscription revenues were $125.6 million, up 14% year-over-year on a reported basis and 9% organically.

International Revenue Growth

Non-U.S. total revenues were $31.6 million, up 22% year-over-year. Non-U.S. subscription revenues grew 31% year-over-year.

AI Capabilities and Omnichannel Experiences

nCino released 16 new banking adviser capabilities at their Annual nSight Customer Conference, designed to save time, lower costs, and improve productivity.

Share Repurchase Program

Repurchased approximately 1.8 million shares during the first quarter at an average price of $22.17, totaling $40.6 million.

Non-GAAP Operating Income

Non-GAAP operating income was $24.8 million, 17% of total revenues, exceeding expectations.

nCino (NCNO) Earnings, Revenues Date & History

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NCNO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q3)	0.20 / -	0.21	―	―	―
Aug 26, 2025	2026 (Q2)	0.14 / 0.22	0.14	57.14% (+0.08)
May 28, 2025	2026 (Q1)	0.16 / 0.16	0.19	-15.79% (-0.03)
Apr 01, 2025	2025 (Q4)	0.19 / 0.12	0.21	-42.86% (-0.09)
Dec 04, 2024	2025 (Q3)	0.16 / 0.21	0.14	50.00% (+0.07)
Aug 27, 2024	2025 (Q2)	0.13 / 0.14	0.09	55.56% (+0.05)
May 29, 2024	2025 (Q1)	0.14 / 0.19	0.07	171.43% (+0.12)
Mar 26, 2024	2024 (Q4)	0.12 / 0.21	0.04	425.00% (+0.17)
Nov 29, 2023	2024 (Q3)	0.11 / 0.14	-0.01	1500.00% (+0.15)
Aug 29, 2023	2024 (Q2)	0.07 / 0.09	-0.04	325.00% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NCNO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 26, 2025	$28.69	$32.69	+13.94%
May 28, 2025	$26.78	$26.33	-1.68%
Apr 01, 2025	$28.12	$22.59	-19.67%
Dec 04, 2024	$42.50	$37.28	-12.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.