nCino Lifts Outlook on AI Growth
nCino (NASDAQ:NCNO) reported Q2 FY2026 results on August 26, 2025, reporting total non-GAAP revenue of $148.8 million (up 12% year-over-year) and non-GAAP subscription revenue of $130.8 million (up 15% year-over-year, 10% organically), both exceeding guidance. The company highlighted rapid adoption of its AI Banking Adviser, major enterprise wins, and raised its FY2026 non-GAAP revenue and profitability guidance while confirming its progress toward the Rule of 40 by fiscal 2027. Key insights below address platform pricing progress, AI differentiation, and acceleration across international and vertical markets.
nCino has transitioned approximately 21% of annualized contract value (ACV) to its new platform pricing. The company is aiming for an approximately 10% price uplift at renewal. The largest cohort of renewals is set for Q4 FY2026, with early renewals already occurring as customers seek immediate access to new AI functionality.
This transition increases recurring revenue visibility, with pricing power supported by differentiated capabilities and growing customer demand for embedded AI.
Source Fool.com
