nCino raised its fiscal 2027 non-GAAP operating income guidance to $171 million to $174 million, up from a prior range of $166 million to $171 million, while trimming its U.S. mortgage subscription revenue outlook due to higher-for-longer mortgage rates. The company reported fiscal second-quarter total revenue of $161 million, beating the analysts' estimate of $159.18 million, and guided third-quarter revenue to $161.25 million to $163.25 million, with full-year revenue expected at $644 million to $647 million. CEO Sean Desmond highlighted multiyear renewals with four of its 20 largest U.S. enterprise customers, representing over $900 billion in assets, with an average ACV increase of more than 10%. CFO Gregory Orenstein noted that approximately 48% of total ACV is now on platform pricing, up from 40% last quarter, and that over 230 customers have purchased AI intelligence units. The company also authorized an additional $100 million share repurchase program, having repurchased about 4.2 million shares for $65 million in the quarter.
nCino IncRaised FY27 profit outlook and beat Q2 revenue estimates, plus authorized $100M buyback.
