nCino Inc. (NASDAQ: NCNO) reported fourth‑quarter 2026 revenue of $149.7 million, up 6% year‑over‑year from $141.4 million in Q4 2025, and a non‑GAAP earnings per share of $0.37, beating the consensus estimate of $0.21 by $0.16 (a 76% beat). The company’s Q4 earnings per share rose from $0.19 in the same quarter a year earlier, underscoring a sharp improvement in profitability.
Subscription revenue grew 7% year‑over‑year to $?? million, driven by new customer acquisitions and expansion within existing accounts. For the full fiscal year, subscription revenue increased 12% year‑over‑year, reflecting the company’s continued success in converting prospects into long‑term contracts.
Non‑GAAP operating income surged 42% year‑over‑year to $?? million, while non‑GAAP net income jumped 95% to $?? million. The margin expansion was largely attributable to a higher mix of high‑margin AI‑powered platform contracts and improved operational leverage, offsetting modest cost increases.
Management reiterated its fiscal 2027 revenue guidance of $639 million to $643 million, unchanged from prior guidance, and announced a shift to annual free‑cash‑flow guidance in lieu of quarterly and annual non‑GAAP net‑income guidance. The guidance signals confidence in sustained demand for the company’s AI‑enabled banking platform.
The earnings release triggered a strong market reaction, with shares rising 19‑26% in pre‑market and after‑hours trading. The reaction was driven by the sizable EPS beat, the $100 million accelerated share‑repurchase program, and the company’s strong annual contract value growth and margin expansion.
CEO Sean Desmond said, "Fiscal 2026 was a landmark year for nCino, with both the fourth quarter and full fiscal year marking company records for gross ACV bookings, and we again exceeded financial guidance across all revenue and profitability metrics." CFO Greg Orenstein added, "Reflecting our deep conviction in nCino's market leadership position for AI‑powered banking, and our commitment to continue allocating capital where it can generate stockholder value, we are pleased to announce our Board of Directors has authorized an additional $100 million Stock Repurchase Program pursuant to an accelerated share repurchase ("ASR") agreement entered into today."
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