Stock Track | nCino Soars 13.23% in Pre-Market on Strong Q1 Earnings Beat and Raised Guidance

Stock Track05-28

nCino's stock surged 13.23% in pre-market trading, following the release of its impressive first-quarter fiscal 2027 financial results.

The banking software company reported quarterly earnings of $0.12 per share, significantly beating analyst estimates of approximately $0.05 to $0.06. Revenue for the quarter reached $159.4 million, also exceeding expectations of around $154.8 million. The company's profit more than doubled year-over-year, with net income attributable to shareholders climbing to $13.6 million from $5.6 million in the prior year period.

The strong performance was driven by a 12% increase in subscription revenue and improved profitability metrics. nCino also raised its full-year revenue guidance, now expecting between $642 million and $646 million for fiscal 2027, up from its previous outlook. The company cited strong customer adoption of its AI platform and significant customer renewals as key drivers behind the results.

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