🔹 Revenue: $800.6M (Est. $779.78M) 🟢; +9% YoY
🔹 Adj EPS: $0.92 (Est. $0.85) 🟢; -5% YoY
Guidance:
🔹 Q3 Revenue: $804M–$808M (Est. $794M) 🟢; UP +7% YoY
🔹 FY26 Revenue: $3.19B–$3.20B (Est. $3.16B) 🟢; UP +7% YoY
Other Metrics:
🔹 Subscription Revenue: $784.4M; UP +9% YoY
🔹 Professional Services & Other: $16.2M; DOWN -13% YoY
🔹 Billings: $818M; UP +13% YoY
🔹 Gross Margin: 79.3% GAAP vs 82.0% Non-GAAP (flat YoY)
🔹 Net Cash From Ops: $246.1M vs $220.2M LY
🔹 Free Cash Flow: $217.6M vs $197.9M LY
🔹 Share Repurchases: $201.5M
🔹 Cash & Investments: $1.1B
🔹 Non-GAAP Operating Margin Outlook: 28.6–29.6% FY26
CEO Commentary:
🔸 “Q2 was an outstanding quarter, with AI innovation launches and go-to-market changes driving strong performance across eSignature, CLM, and IAM.”
🔸 “These results delivered one of Docusign’s highest growth and profitability quarters in recent years.”
Strategic Highlights:
🔹 Expanded AI-powered Intelligent Agreement Management (IAM) capabilities (Agreement Prep, Navigator Custom Extractions, Maestro Workflow Templates).
🔹 Partnered with CLEAR for biometric ID verification.
🔹 Recognized by IDC as leader in AI-enabled Buy-Side CLM Applications.
🔹 Board changes: Mike Rosenbaum (Guidewire CEO) joined; James Beer named incoming Board Chair.