nCino stock reports 8.00 percent revenue growth in fiscal Q2

Published on 09/30/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

nCino stock posted subscription revenue of USD 143.50 million, up 10.00 percent in fiscal Q2 2027. Free cash flow reached USD 34.00 million, up 170.00 percent.

NCNO, US63947T1079, Illustration mit AI erstellt.

nCino stock is tied to fiscal second-quarter revenue of USD 161.00 million, up 8.00 percent year over year. The results show a widening split between faster core subscription growth and continuing pressure in the U.S. mortgage business.

Subscription growth leads results

According to The Motley Fool on August 25, 2026, subscription revenue reached USD 143.50 million in fiscal Q2 2027, a 10.00 percent increase from the prior year. Non-GAAP operating income rose 36.00 percent to USD 40.80 million, equal to 25.00 percent of revenue.

Cash generation was the sharper improvement. Free cash flow reached USD 34.00 million, up 170.00 percent year over year, while platform pricing adoption rose to 48.00 percent of annual contract value from 40.00 percent in the prior quarter.

Mortgage pressure remains visible

The quarter also exposed the main counterweight to nCino's growth story. U.S. mortgage subscription revenue fell 1.00 percent year over year to USD 20.60 million, while non-U.S. subscription revenue increased 13.00 percent to USD 30.90 million, according to The Motley Fool.

Management guided to fiscal 2027 revenue of USD 644 million to USD 647 million and free cash flow of USD 137 million to USD 142 million. The company also raised its non-GAAP operating income outlook to USD 171 million to USD 174 million from a prior range of USD 166 million to USD 171 million, according to The Motley Fool.

Analysts see measured upside

MarketBeat reported on September 13, 2026, that 18 analysts assigned nCino a Moderate Buy consensus, with an average 12-month target of USD 24.38. The coverage includes Morgan Stanley at USD 25.00, Barclays at USD 23.00 and Truist Financial at USD 20.00, with the target changes dated August 26, 2026.

The market question is whether AI adoption can offset mortgage-related churn. nCino said 48.00 percent of annual contract value had moved to its new platform pricing by fiscal Q2, and more than 230 customers had purchased AI Intelligence Units, giving the pricing transition a measurable operating link.

Market value and trading range

On September 29, 2026, nCino had a market capitalization of USD 2.0 billion on NASDAQ. Its 52-week range was USD 13.80 to USD 27.50, leaving the stock's valuation tied to execution against the fiscal 2027 growth and cash-flow targets.