nCino Inc (NASDAQ:NCNO) on Tuesday reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates. Also, the company issued FY27 sales guidance with its midpoint above estimates.
nCino posted non-GAAP EPS of $0.37, far surpassing the $0.15 analyst estimate by 146.67%, marking its third straight quarter of triple-digit EPS beats.
Fourth-quarter revenue for the company grew 6% year over year to $149.7 million, exceeding the $147.57 million analyst estimate by 1.44%.
“Fiscal 2026 was a landmark year for nCino, with both the fourth quarter and full fiscal year marking company records for gross ACV bookings, and we again exceeded financial guidance across all revenue and profitability metrics,” said Sean Desmond, Chief Executive Officer at nCino. “Our success this year reflects strong global sales execution, accelerating demand for our industry-focused AI capabilities, and the confidence our customers place in nCino as their long-term technology partner.”
nCino also announced the appointment of Keith Kettell as Chief Revenue Officer, effective April 1, bringing over two decades of experience in technology and financial services, including prior roles at Salesforce (NYSE:CRM), PagerDuty (NYSE:PD), and Alloy.
nCino shares jumped 18% to $17.68 in pre-market trading.
These analysts made changes to their price targets on nCino following earnings announcement.
- Piper Sandler analyst Hannah Rudoff upgraded Ncino from Neutral to Overweight and lowered the price target from $30 to $22.
- Needham analyst Mayank Tandon maintained the stock with a Buy and lowered the price target from $38 to $25.
Considering buying NCNO stock? Here’s what analysts think:
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