Q: What is nCino NCNO Q2 2026 Earnings Call Transcript Summary?
The earnings call for nCino (NCNO) provided a mix of positive and negative insights into the company's performance and future outlook.
Here are the specific viewpoints from the earnings call:
**Bullish Points:**
- Total revenues reached $148.8 million, marking a 12% year-over-year growth.
- Subscription revenues increased by 15% year-over-year, totaling $130.8 million.
- U.S. mortgage subscription revenues saw a significant rise of 22% year-over-year.
- Non-U.S. subscription revenues grew by 30% year-over-year.
- Non-GAAP operating income was reported at $30 million, constituting 20% of total revenues.
- The company holds cash and restricted cash totaling $123.2 million.
- Approximately 750,000 shares were repurchased during the fiscal second quarter.
- nCino signed significant expansion deals with two top 50 U.S. banks and a top five Canadian bank.
- The company secured six new credit union logos and 35 cross-sell deals.
- Over 80 customers have purchased the AI-powered Banking Adviser.
- nCino secured its first customer in Spain, advancing its Continental Europe growth strategy.
- The full-year fiscal 2026 non-GAAP outlooks for revenue and operating income were upgraded.
- Management reaffirmed its focus on improving professional services gross margins.
**Bearish Points:**
- Professional services revenues decreased by 2% year-over-year.
- Management is cautious about extrapolating the U.S. mortgage subscription revenue overperformance into future guidance.
- Although the non-GAAP operating income outlook has increased, it still requires careful execution to meet targets.
For more information about nCino's earnings call, you can read the relevant news: nCino NCNO Q2 2026 Earnings Call Transcript
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