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
- Reported 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 diluted 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 5.2/10.
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
- Analyst target reached - limited upside remaining
- 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
- $23.12
- Price target
- $23.61
- Stop
- $21.59
- Upside to target
- +2.1%
The stock trades at 73.8× trailing but 14.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 72 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — 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
- $2.50B
- P/E (fwd)
- 14.9
- P/E (ttm)
- 73.8
- 52-week range
- $13.80–$31.93
- Off 52-week high
- 27.6%
- RSI (14)
- 72
- Volume vs avg
- 0.56×
- Score today
- 5.2/10