nCino (NCNO) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.26
- Estimate
- $0.27
- Surprise
- -3.4%
- Revenue (period 2026-07-31)
- $161.0M
- Score at report (before → after)
- 6.0 → 5.9/10
Revenue source: xbrl.
How the report landed
nCino (NCNO) missed the $0.27 estimate with adjusted EPS of $0.26 — a clear 3.4% shortfall. TrendMatrix's engine moved from Hold (6.0/10) to Buy (Wait) at 5.9/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NCNO Sell at 5.1/10.
3 of the last 4 quarters beat the estimate; this quarter's -3.4% surprise compares with a +35.7% four-quarter average. Next scheduled report: 2026-12-02.
What supports the rating
- Strong earnings beat streak (3/4)
What argues against it
- Concentration risk — Supplier: Salesforce
- Thin upside margin: 5.7%
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.1)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $19.97
- Price target
- $21.12
- Stop
- $18.57
- Upside to target
- +5.8%
- Reward-to-risk
- 0.7:1
The stock trades at 64.1× trailing but 12.2× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 24 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
NCNO at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $2.03B
- P/E (fwd)
- 12.2
- P/E (ttm)
- 64.1
- 52-week range
- $13.80–$29.82
- Off 52-week high
- 33.0%
- RSI (14)
- 24
- Volume vs avg
- 0.95×
- Score today
- 5.1/10