nCino Boosts FY26 Subscription Revenue Outlook to $517.5M Amid AI Platform Success

nCino has raised its fiscal 2026 subscription revenue outlook to $517.5M, driven by momentum in its AI-driven platform. CEO Sean Desmond reported Q2 2026 earnings that outperformed guidance ranges for revenues and profitability metrics, validating the company's product strategy. The platform's success is attributed to its AI-driven capabilities, which have gained traction in the marketplace.

nCino, Inc. (NASDAQ: NCNO), a leading provider of intelligent banking solutions, has raised its fiscal 2026 subscription revenue outlook to $517.5M, driven by momentum in its AI-driven platform. The company reported strong Q2 2026 earnings that outperformed guidance ranges for revenues and profitability metrics, validating its product strategy. The platform's success is attributed to its AI-driven capabilities, which have gained traction in the marketplace.

CEO Sean Desmond reported that the company's performance exceeded its guidance ranges for both revenues and profitability metrics. He highlighted that the evolution of the product strategy continues to be validated in the marketplace. The company's AI-driven platform has demonstrated significant growth, with subscription revenues accelerating to $130.8M, up 15% year-over-year. Non-GAAP operating income surged 56% to $30 million, representing a margin of approximately 20.2%, a substantial improvement from about 14.6% in the prior year.

nCino's business highlights reveal encouraging trends in customer expansion. The company secured renewals and expanded relationships with major North American banks, entered the Spanish market, and grew its presence in the UK. These developments support management's increased confidence, as evidenced by their upward revision of full-year guidance. The company's cash position remains solid at $123.2 million, with $203.5 million outstanding under its revolving credit facility. Additionally, nCino repurchased approximately 750,000 shares for $20 million, demonstrating confidence in its business outlook and commitment to shareholder returns.

Overall, this earnings report reveals a company with improving business momentum, expanding margins, and growing confidence in its AI-focused banking solutions strategy. The company's AI-driven platform continues to gain traction in the marketplace, driving subscription revenue growth and validating its product strategy.

References:
[1] https://seekingalpha.com/news/4489357-ncino-raises-fiscal-2026-subscription-revenue-outlook-to-517_5m-with-ai-driven-platform
[2] https://www.stocktitan.net/news/NCNO/n-cino-reports-second-quarter-fiscal-year-2026-financial-ecbbi7equz97.html