DocuSign (DOCU) Shares Slide 6.1% as In-Line Q2 Forecast Disappoints

DocuSign (NASDAQ:DOCU) shares fell 6.1% on June 5, 2026, after the e-signature company issued a second-quarter revenue outlook merely matching analyst estimates, dimming hopes for accelerating growth despite better-than-expected first-quarter results. The company reported Q1 revenue of $830.2 million and adjusted earnings of $1.09 per share, both exceeding consensus. However, its Q2 revenue midpoint of $867 million aligned with Street forecasts, and full-year guidance was only marginally above expectations. The absence of a meaningful upward revision signaled a slower growth trajectory, triggering the sell-off. The decline adds to a volatile year for DocuSign, with the stock now down 26.3% year-to-date and trading 48.6% below its June 2025 peak of $92.90. The broader software sector has seen sharp swings, with the IGV index recovering roughly 40% from an April low before recent profit-taking as institutional investors hesitated to chase the rebound.