nCino (NCNO) Stock Rallies on Strong Q1 Earnings, Upgraded Annual Outlook

nCino (NASDAQ:NCNO) shares climbed 4.7% in afternoon trading on May 28, 2026, after the banking software provider reported fiscal first‑quarter results that beat analyst estimates and raised its full‑year revenue forecast. The stock later settled at $15.84, gaining 4.3% from the prior close. The company’s non‑GAAP operating margin widened to 28% from 17% a year earlier, while free cash flow surged 54% to $81 million. Management lifted full‑year revenue guidance to $644 million and repurchased 6.1 million shares at $15.20, signaling a belief that the stock was undervalued. CEO Sean Desmond highlighted the audit‑ready nature of nCino’s AI agents as a key differentiator for banking clients. Despite the gains, nCino shares remain down 35.7% year‑to‑date and trade 51.5% below their 52‑week high of $32.69 from August 2025.