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Investor releaseQuarter not tagged2026-08-29

NICE (TASE:NICE) Stock Looks Reasonable On Earnings But Weak On Returns

Simply Wall St.
NICE stock has retreated sharply over the past few years, yet current market multiples flag it as potentially undervalued while the broader value checks only give a mixed verdict. After a long drawdown, the question for investors is whether the recent share price level around US$310.50 properly reflects that split view. Over the past 5 years, NICE has delivered a decline of about 66.9%, which leaves long term holders with heavy losses and frames any valuation case against a weak return history. Recent news around the use of NICE CXone and Copilot by Bluecrest suggests the company’s AI driven contact centre offerings can support revenue potential. However, execution risk around converting such deployments into consistent, profitable growth remains a key concern for valuation. On Simply Wall St’s broader checks, NICE carries a value score of 4 out of 6, which points to a mixed picture rather than a clear bargain or clear overvaluation. For investors, the debate is whether NICE’s weak long term share performance already reflects the main risks, or whether the current pricing still leaves limited room if the business underperforms expectations. Broaden your watchlist beyond NICE by reviewing 56 AI infrastructure stocks that are also trying to turn AI driven customer operations into durable, financially sound business models. P/E is a useful way to look at NICE because earnings remain a core reference point for how the market prices established software companies. NICE currently trades on a P/E of about 14.3x, which is below both the wider software industry average of roughly 23.1x and the peer group average of about 44.0x. This gap suggests investors are applying a clear discount to NICE versus many software peers, despite ongoing interest in its CXone and AI backed Copilot offerings after the Bluecrest deployment news. The key question for you is whether that discount fairly reflects execution and profitability risks or whether it has become too wide. On this simple earnings yardstick, the stock changes hands at a noticeably lower multiple than the sector and direct peers. On the P/E multiple alone, NICE currently appears inexpensive compared with the broader software industry and its peer group. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for NICE pick up from this valuation gap and spell out what…Read full document

NICE stock has retreated sharply over the past few years, yet current market multiples flag it as potentially undervalued while the broader value checks only give a mixed verdict. After a long drawdown, the question for investors is whether the recent share price level around US$310.50 properly reflects that split view. Over the past 5 years, NICE has delivered a decline of about 66.9%, which leaves long term holders with heavy losses and frames any valuation case against a weak return history. Recent news around the use of NICE CXone and Copilot by Bluecrest suggests the company’s AI driven contact centre offerings can support revenue potential. However, execution risk around converting such deployments into consistent, profitable growth remains a key concern for valuation. On Simply Wall St’s broader checks, NICE carries a value score of 4 out of 6, which points to a mixed picture rather than a clear bargain or clear overvaluation. For investors, the debate is whether NICE’s weak long term share performance already reflects the main risks, or whether the current pricing still leaves limited room if the business underperforms expectations. Broaden your watchlist beyond NICE by reviewing 56 AI infrastructure stocks that are also trying to turn AI driven customer operations into durable, financially sound business models. P/E is a useful way to look at NICE because earnings remain a core reference point for how the market prices established software companies. NICE currently trades on a P/E of about 14.3x, which is below both the wider software industry average of roughly 23.1x and the peer group average of about 44.0x. This gap suggests investors are applying a clear discount to NICE versus many software peers, despite ongoing interest in its CXone and AI backed Copilot offerings after the Bluecrest deployment news. The key question for you is whether that discount fairly reflects execution and profitability risks or whether it has become too wide. On this simple earnings yardstick, the stock changes hands at a noticeably lower multiple than the sector and direct peers. On the P/E multiple alone, NICE currently appears inexpensive compared with the broader software industry and its peer group. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for NICE pick up from this valuation gap and spell out what future earnings, growth and margins would need to look like for the stock to justify a meaningfully higher or lower price than today. Each narrative links its number to a specific view on how NICE's growth, profitability and risks could evolve. This gives you something concrete to revisit as fresh results and news come through on the Community page. If you have a number driven view on whether NICE's Bluecrest CXone and Copilot rollout can support the case for today's valuation, share a Narrative in the Simply Wall St community and put your thesis on record. It gives you a clear way to track how your expectations on NICE's growth, margins and execution hold up as new results and news arrive. Do you think there's more to the story for NICE? Head over to our Community to see what others are saying! NICE screens as undervalued on earnings multiples, yet the broader checks point to a more mixed picture. That leaves the stock looking like a potential discount that still comes with meaningful execution and profitability risk, especially around turning CXone and Copilot traction into consistent, high quality earnings. The key question for investors is whether NICE can convert its AI driven customer offerings into reliable growth and margins without further disappointment. The valuation gap only becomes attractive if that execution question is answered positively. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NICE.TA. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Investor releaseQuarter not tagged2026-08-13

Stock Market Today, Aug. 13: Cellebrite Shares Plummet 29% After Missing Earnings, Cutting 2026 Revenue Guidance

Motley Fool
Cellebrite DI (NASDAQ:CLBT), a digital forensics and investigative intelligence software provider, closed at $10.80, down 29.18%. The stock tumbled after Cellebrite cut full-year revenue guidance and reported a quarterly earnings miss. Investors are watching whether the new CEO can stabilize execution and margin trends. Trading volume reached 36.5M shares, coming in about 1355% above its three-month average of 2.5M shares. Cellebrite DI IPO'd in 2020 and has grown 12% since going public. S&P 500 (SNPINDEX:^GSPC) rose 0.65% to 7,799, and the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.82% to 26,805. In digital investigation and intelligence software for law enforcement and enterprise security, Axon Enterprise (NASDAQ:AXON) closed at $615.59, up 2.64%, while NICE (NASDAQ:NICE) finished at $105.25, higher by 6.79%. Cellebrite grew sales by 16% in Q2, but these figures fell short of analysts’ expectations, while EPS was in line. The real issues for Cellebrite were that management lowered guidance to 19.5% sales growth in Q3 and 15% growth in 2026, and that net income dipped compared to last year. Typically, for growth stocks, the market may be willing to sacrifice slowing growth in the name of higher profits (or vice versa), but both, at the same time, prompt sell-offs like we saw today. That said, the company announced that Shiven Ramji would take over as CEO after serving as President of Technology and Products for Cellebrite since May. Previously, he was the President of Okta’s ID business, so new eyes may help spark a turnaround for the stock’s thus-far underwhelming run since its 2021 IPO. Another silver lining for CLBT shareholders is that its Guardian, Pathfinder & Corellium growth products more than doubled their sales year over year, and the company began monetizing its Genesis AI solution in Q2. Trading somewhere around 30 times FCF after including stock-based compensation, I’d rather see a rebound in growth before I added heavily to CLBT stock, although I love its leadership position in its digital forensics niche. Before you buy stock in Cellebrite, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cellebrite wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on Decem…Read full document

Cellebrite DI (NASDAQ:CLBT), a digital forensics and investigative intelligence software provider, closed at $10.80, down 29.18%. The stock tumbled after Cellebrite cut full-year revenue guidance and reported a quarterly earnings miss. Investors are watching whether the new CEO can stabilize execution and margin trends. Trading volume reached 36.5M shares, coming in about 1355% above its three-month average of 2.5M shares. Cellebrite DI IPO'd in 2020 and has grown 12% since going public. S&P 500 (SNPINDEX:^GSPC) rose 0.65% to 7,799, and the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.82% to 26,805. In digital investigation and intelligence software for law enforcement and enterprise security, Axon Enterprise (NASDAQ:AXON) closed at $615.59, up 2.64%, while NICE (NASDAQ:NICE) finished at $105.25, higher by 6.79%. Cellebrite grew sales by 16% in Q2, but these figures fell short of analysts’ expectations, while EPS was in line. The real issues for Cellebrite were that management lowered guidance to 19.5% sales growth in Q3 and 15% growth in 2026, and that net income dipped compared to last year. Typically, for growth stocks, the market may be willing to sacrifice slowing growth in the name of higher profits (or vice versa), but both, at the same time, prompt sell-offs like we saw today. That said, the company announced that Shiven Ramji would take over as CEO after serving as President of Technology and Products for Cellebrite since May. Previously, he was the President of Okta’s ID business, so new eyes may help spark a turnaround for the stock’s thus-far underwhelming run since its 2021 IPO. Another silver lining for CLBT shareholders is that its Guardian, Pathfinder & Corellium growth products more than doubled their sales year over year, and the company began monetizing its Genesis AI solution in Q2. Trading somewhere around 30 times FCF after including stock-based compensation, I’d rather see a rebound in growth before I added heavily to CLBT stock, although I love its leadership position in its digital forensics niche. Before you buy stock in Cellebrite, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cellebrite wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,209!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,375,393!* Now, it’s worth noting Stock Advisor’s total average return is 964% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 13, 2026. Josh Kohn-Lindquist has positions in Axon Enterprise and Cellebrite. The Motley Fool has positions in and recommends Axon Enterprise, Cellebrite, Nice, and Okta. The Motley Fool has a disclosure policy. Stock Market Today, Aug. 13: Cellebrite Shares Plummet 29% After Missing Earnings, Cutting 2026 Revenue Guidance was originally published by The Motley Fool

Investor releaseQuarter not tagged2026-08-13

SoundHound's Q2 Results Fuel Estimate Hikes: Is the Stock a Buy Now?

Zacks
SoundHound AI, Inc. SOUN has given Wall Street fresh reasons to become more positive after a record second quarter, highlighted by faster revenue growth, improving margins and strong adoption of its OASYS platform. The better-than-expected performance has led to upward estimate revisions, strengthening the investment case even as the stock remains sharply down in 2026. Over the past 30 days, the Zacks Consensus Estimate for SoundHound’s 2026 loss has narrowed to 14 cents per share from 15 cents, while the estimated 2027 loss has narrowed to 15 cents from 17 cents. The consensus estimate calls for 2026 revenues to rise 41% from the 2025 level, followed by another 14.6% increase in 2027. However, the expected 2026 loss remains wider than the loss of 13 cents per share reported in the previous year. SOUN Estimate Revision Image Source: Zacks Investment Research The bullish brokerage view is also notable. Of the eight recommendations making up the current Average Brokerage Recommendation, five are Strong Buy, accounting for 62.5% of the total. The average Wall Street price target implies 62.2% upside from the latest closing price. Image Source: Zacks Investment Research SoundHound delivered second-quarter revenues of $61.9 million, up 45% year over year and 40% sequentially. The quarter marked the company's highest revenue to date. Non-GAAP loss was 2 cents per share compared with 3 cents a year earlier. GAAP gross margin expanded to 45.1% from 39%, while adjusted EBITDA loss improved 33% to $9.6 million from $14.3 million.The quarter's strength was broad-based rather than dependent on one market. Management said growth came from healthcare, financial services, technology and automotive, while enterprise AI remained the largest contributor to revenues. SoundHound also continued to expand its automotive presence in Asia.Strong second-quarter execution prompted management to raise its 2026 revenue outlook to $230-$260 million. The guidance does not yet incorporate the planned LivePerson acquisition, and SoundHound intends to update its outlook when that transaction closes. OASYS is becoming central to SoundHound's growth story. Management attributed a significant part of the second quarter's stronger-than-expected performance to the self-learning agentic AI platform, which was launched in May. The company said it is seeing strong results across demos, RFPs, pilots…Read full document

SoundHound AI, Inc. SOUN has given Wall Street fresh reasons to become more positive after a record second quarter, highlighted by faster revenue growth, improving margins and strong adoption of its OASYS platform. The better-than-expected performance has led to upward estimate revisions, strengthening the investment case even as the stock remains sharply down in 2026. Over the past 30 days, the Zacks Consensus Estimate for SoundHound’s 2026 loss has narrowed to 14 cents per share from 15 cents, while the estimated 2027 loss has narrowed to 15 cents from 17 cents. The consensus estimate calls for 2026 revenues to rise 41% from the 2025 level, followed by another 14.6% increase in 2027. However, the expected 2026 loss remains wider than the loss of 13 cents per share reported in the previous year. SOUN Estimate Revision Image Source: Zacks Investment Research The bullish brokerage view is also notable. Of the eight recommendations making up the current Average Brokerage Recommendation, five are Strong Buy, accounting for 62.5% of the total. The average Wall Street price target implies 62.2% upside from the latest closing price. Image Source: Zacks Investment Research SoundHound delivered second-quarter revenues of $61.9 million, up 45% year over year and 40% sequentially. The quarter marked the company's highest revenue to date. Non-GAAP loss was 2 cents per share compared with 3 cents a year earlier. GAAP gross margin expanded to 45.1% from 39%, while adjusted EBITDA loss improved 33% to $9.6 million from $14.3 million.The quarter's strength was broad-based rather than dependent on one market. Management said growth came from healthcare, financial services, technology and automotive, while enterprise AI remained the largest contributor to revenues. SoundHound also continued to expand its automotive presence in Asia.Strong second-quarter execution prompted management to raise its 2026 revenue outlook to $230-$260 million. The guidance does not yet incorporate the planned LivePerson acquisition, and SoundHound intends to update its outlook when that transaction closes. OASYS is becoming central to SoundHound's growth story. Management attributed a significant part of the second quarter's stronger-than-expected performance to the self-learning agentic AI platform, which was launched in May. The company said it is seeing strong results across demos, RFPs, pilots and production deployments. One eight-figure commitment moved from initial demonstration to contract signing in less than 90 days, highlighting the potential for OASYS to shorten sales cycles.The platform also gives SoundHound a way to expand within existing customers. OASYS allows businesses to deploy AI agents across phones, vehicles, restaurants, retail locations and other channels rather than building separate solutions for each channel. A top-20 healthcare provider quadrupled its spending with SoundHound during the second quarter, while the company expanded or renewed relationships with several other healthcare and financial-services customers.SoundHound's proprietary technology could support margins over time as well. The company is investing in its Polaris speech foundation model, specialized LLMs and speech synthesis. Its smaller-business customers are already operating entirely on SoundHound's own stack, and management believes greater use of proprietary models can reduce costs while improving accuracy, latency and control. SoundHound is increasingly diversified beyond its traditional automotive business. During the second quarter, it added and expanded customers across healthcare, financial services, restaurants, automotive and consumer devices. Restaurant adoption was particularly encouraging, with technology expanding across Five Guys, IHOP and Jersey Mike's, while a major pizza brand had SoundHound deployed in more than 75% of its locations. The company also signed an initial eight-figure multiyear partnership covering more than 20 countries in Latin America.Voice Commerce offers another potential growth channel. SoundHound plans to pilot direct in-vehicle transactions and is working to bring agentic transactions to connected devices. If these initiatives scale, the company could move beyond software fees and participate more directly in transaction-based opportunities.The planned LivePerson acquisition could further expand SoundHound's enterprise footprint. Management expects the transaction to add relationships with 25 Fortune 100 companies and believes OASYS can provide a common platform for integrating acquired technologies. Despite the operating progress, SoundHound has not yet reached profitability. Second-quarter GAAP net loss was $42.8 million, while the non-GAAP net loss totaled $9 million. For the first six months of 2026, operating activities used nearly $60 million of cash, up from $43.7 million in the year-ago period. The company nevertheless ended June with about $203 million in cash and no debt, providing financial flexibility while it continues investing in growth.The acquisition strategy adds another layer of execution risk. Integrating LivePerson while continuing to migrate customers from previously acquired businesses onto OASYS will require careful execution. Management acknowledged that legacy customers will move to OASYS at different speeds rather than through a rapid forced migration.Valuation also leaves little room for major execution setbacks. SOUN trades at 12.34X forward 12-month sales, slightly above the Zacks Computers - IT Services industry's 12.23X. Investors are therefore paying a premium for growth despite continued losses and cash use. SOUN’s P/S Ratio (Forward 12-Month) vs. Industry Image Source: Zacks Investment Research SoundHound shares are down 25.6% year to date, underperforming the Zacks Computers - IT Services industry's 14.3% decline. The gap is much wider against the broader Zacks Computer and Technology sector, which has gained 16.9%, and the S&P 500's 12.5% advance. SOUN’s YTD Price Performance Image Source: Zacks Investment Research The weak share-price performance suggests that investors remain cautious about profitability, valuation and execution. However, the combination of stronger second-quarter results, raised revenue guidance and improving earnings estimates gives the stock a stronger fundamental base than its year-to-date performance implies. SoundHound faces different competitors across its expanding AI markets. Cerence CRNC competes directly in automotive voice AI, conversational assistants and in-car AI solutions, while Five9 FIVN competes in cloud contact centers, voice bots and customer engagement automation. NICE NICE also competes in enterprise conversational AI, contact center automation and AI-powered customer service.SoundHound's 25.6% year-to-date (YTD) plunge trails Cerence's 19.1% dip and NICE's 12.8% decline, while Five9 has surged 55.6%. Valuation makes the difference even sharper. SoundHound's 12.34X forward sales multiple is far above Cerence at 1.26X, Five9 at 1.78X and NICE at 1.71X.That premium means SoundHound must deliver much faster growth to justify its valuation. Cerence remains an important automotive benchmark, while Five9 and NICE bring established enterprise customer bases. SoundHound's advantage rests on OASYS, its proprietary voice technology and its ability to connect enterprise, automotive and physical AI experiences on one platform. SoundHound's investment case has strengthened following the second quarter. Record revenues, accelerating OASYS adoption, improving margins, a higher 2026 revenue outlook and favorable estimate revisions all point toward better operating momentum. The expansion across healthcare, financial services, restaurants, automotive and Voice Commerce also reduces reliance on any single end market.Risks remain meaningful. SoundHound is still losing money and burning cash, the LivePerson deal introduces integration risk, and its valuation carries a sizable premium to Cerence, Five9 and NICE. The stock's 25.6% YTD decline shows that investors continue to demand proof that rapid revenue growth can eventually translate into sustainable profits.Still, upward estimate revisions following a strong second quarter improve the risk-reward setup. With SoundHound currently carrying a Zacks Rank #2 (Buy), investors willing to accept higher volatility and execution risk can consider the stock for its long-term exposure to conversational and agentic AI growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SoundHound AI, Inc. (SOUN) : Free Stock Analysis Report Nice (NICE) : Free Stock Analysis Report Five9, Inc. (FIVN) : Free Stock Analysis Report Cerence Inc. (CRNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-08-06

Compared to Estimates, Nice (NICE) Q2 Earnings: A Look at Key Metrics

Zacks
Nice (NICE) reported $782.29 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 7.7%. EPS of $2.70 for the same period compares to $3.01 a year ago. The reported revenue represents a surprise of +1.97% over the Zacks Consensus Estimate of $767.17 million. With the consensus EPS estimate being $2.63, the EPS surprise was +2.66%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Nice performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Geographic Revenues- Americas: $640 million versus $632.51 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change. Geographic Revenues- Asia Pacific: $42 million versus $43.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change. Geographic Revenues- EMEA: $100 million versus the two-analyst average estimate of $92.3 million. The reported number represents a year-over-year change of +29.9%. Revenue by Business Model- Cloud: $609.05 million versus the six-analyst average estimate of $609.84 million. The reported number represents a year-over-year change of +12.6%. Revenue by Business Model- Services: $124.64 million versus the six-analyst average estimate of $124.52 million. The reported number represents a year-over-year change of -11.3%. Revenue by Business Model- Product: $48.6 million versus $32.8 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +7% change. View all Key Company Metrics for Nice here>>> Shares of Nice have returned +2.6% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Bes…Read full document

Nice (NICE) reported $782.29 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 7.7%. EPS of $2.70 for the same period compares to $3.01 a year ago. The reported revenue represents a surprise of +1.97% over the Zacks Consensus Estimate of $767.17 million. With the consensus EPS estimate being $2.63, the EPS surprise was +2.66%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Nice performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Geographic Revenues- Americas: $640 million versus $632.51 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change. Geographic Revenues- Asia Pacific: $42 million versus $43.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change. Geographic Revenues- EMEA: $100 million versus the two-analyst average estimate of $92.3 million. The reported number represents a year-over-year change of +29.9%. Revenue by Business Model- Cloud: $609.05 million versus the six-analyst average estimate of $609.84 million. The reported number represents a year-over-year change of +12.6%. Revenue by Business Model- Services: $124.64 million versus the six-analyst average estimate of $124.52 million. The reported number represents a year-over-year change of -11.3%. Revenue by Business Model- Product: $48.6 million versus $32.8 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +7% change. View all Key Company Metrics for Nice here>>> Shares of Nice have returned +2.6% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nice (NICE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-08-05

NiCE Q2 Earnings Call Highlights

MarketBeat
Interested in NiCE? Here are five stocks we like better. Second-quarter performance exceeded expectations: Revenue rose 8% year over year to $782 million, and adjusted EPS reached $2.70, supported by stronger product revenue and continued cloud expansion. AI and cloud momentum accelerated: Cloud revenue increased 12.6% to $609 million, while AI and CX annual recurring revenue climbed 52%. Cloud bookings reached a quarterly record, AI backlog rose 72%, and major wins included contracts with HMRC and a U.S. healthcare organization. Full-year EPS outlook was raised: NiCE maintained its 2026 revenue guidance of $3.17 billion to $3.19 billion but increased its adjusted EPS forecast to $11.06-$11.26, citing expected operating-margin performance and strong free-cash-flow generation. 3 Beaten-Down Stocks With Rebound Potential This Earnings Season NiCE (NASDAQ:NICE) reported second-quarter 2026 revenue and adjusted earnings per share at or above the upper end of its guidance, supported by cloud growth, rising artificial intelligence bookings and stronger-than-expected product revenue from its non-customer-engagement operations. Total revenue rose 8% year over year to $782 million, while non-GAAP diluted earnings per share reached $2.70. Chief Financial Officer Beth Gaspich said the revenue outperformance primarily reflected stronger product revenue, while cloud revenue performed in line with the company’s expectations. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Verint Systems' AI Bots Revolutionize Customer Service Efficiency Cloud revenue increased 12.6% from a year earlier to $609 million, accounting for 78% of total revenue. Cognigy contributed about 250 basis points to cloud growth, Gaspich said. CXAI and self-service annual recurring revenue reached $362 million, up 52% year over year and representing 15% of cloud revenue. Chief Executive Officer Scott Russell said the company recorded a quarterly record for new cloud annual contract value bookings and another record for AI bookings. Cloud backlog grew 19% year over year, while AI backlog increased 72%. Those metrics excluded a recently signed contract with HM Revenue & Customs, or HMRC, because of customary public-sector contractual requirements. → 3 Drone Stocks That Should Soar After the Summer Slump The HMRC agreement was a nine-digit total contract value deal and an…Read full document

Interested in NiCE? Here are five stocks we like better. Second-quarter performance exceeded expectations: Revenue rose 8% year over year to $782 million, and adjusted EPS reached $2.70, supported by stronger product revenue and continued cloud expansion. AI and cloud momentum accelerated: Cloud revenue increased 12.6% to $609 million, while AI and CX annual recurring revenue climbed 52%. Cloud bookings reached a quarterly record, AI backlog rose 72%, and major wins included contracts with HMRC and a U.S. healthcare organization. Full-year EPS outlook was raised: NiCE maintained its 2026 revenue guidance of $3.17 billion to $3.19 billion but increased its adjusted EPS forecast to $11.06-$11.26, citing expected operating-margin performance and strong free-cash-flow generation. 3 Beaten-Down Stocks With Rebound Potential This Earnings Season NiCE (NASDAQ:NICE) reported second-quarter 2026 revenue and adjusted earnings per share at or above the upper end of its guidance, supported by cloud growth, rising artificial intelligence bookings and stronger-than-expected product revenue from its non-customer-engagement operations. Total revenue rose 8% year over year to $782 million, while non-GAAP diluted earnings per share reached $2.70. Chief Financial Officer Beth Gaspich said the revenue outperformance primarily reflected stronger product revenue, while cloud revenue performed in line with the company’s expectations. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Verint Systems' AI Bots Revolutionize Customer Service Efficiency Cloud revenue increased 12.6% from a year earlier to $609 million, accounting for 78% of total revenue. Cognigy contributed about 250 basis points to cloud growth, Gaspich said. CXAI and self-service annual recurring revenue reached $362 million, up 52% year over year and representing 15% of cloud revenue. Chief Executive Officer Scott Russell said the company recorded a quarterly record for new cloud annual contract value bookings and another record for AI bookings. Cloud backlog grew 19% year over year, while AI backlog increased 72%. Those metrics excluded a recently signed contract with HM Revenue & Customs, or HMRC, because of customary public-sector contractual requirements. → 3 Drone Stocks That Should Soar After the Summer Slump The HMRC agreement was a nine-digit total contract value deal and an eight-digit annual contract value win, according to management. Russell described it as the company’s largest CXone and Cognigy deal to date. NiCE is working with Capgemini on the deployment, which is intended to modernize citizen engagement. NiCE also won an eight-digit ACV contract with a large U.S. healthcare organization, partnering with Accenture to deploy CXone and Cognigy. Russell said nearly every enterprise CXone deal during the quarter included AI. → The Bitcoin Comeback May Already Be Underway—2 ETFs for Exposure Management said AI bookings have not immediately translated into revenue because customers often need time to prepare data, governance and operating models before expanding AI into mission-critical workflows. Gaspich told analysts that the difference between record bookings and quarterly ARR additions was “simply related to the conversion of timing.” International revenue increased 22% year over year during the quarter, Russell said. In the geographic breakdown, EMEIA revenue rose 30%, or 28% on a constant-currency basis, while APAC revenue grew 8%, or 5% on a constant-currency basis. International cloud revenue rose 34% on a constant-currency basis. Russell cited cloud migrations, demand for sovereign cloud deployments in Europe and an expanding partner ecosystem as drivers of international growth. He also said annual contract value booked through global systems integrator partners was multiples higher than the prior-year period. The company said it has expanded relationships with AWS, RingCentral and Epic. NiCE will offer RingCentral’s UCaaS product, while RingCentral will continue to offer NiCE’s CXone platform. The company also highlighted an Epic integration designed to embed patient engagement into clinical workflows. Russell said Cognigy is now fully native to CXone ahead of schedule. The integration is intended to allow customers to deploy conversational AI agents using CXone data without separate platform integration. The company also introduced Agentic Analytics, an Agentic Engagement Plane and NICE Labs, an AI-focused research and prototyping organization. Customer Engagement revenue rose 8% to $645 million, representing 82% of total revenue. Financial Crime and Compliance revenue increased 6% to $137 million. Services revenue declined 11% to $125 million as customers migrated from on-premise deployments to cloud, while product revenue rose 7% to $49 million. Gaspich attributed product growth to greater-than-expected term renewals in non-CX businesses, particularly from financial institutions. Cloud net revenue retention was 106%, which management said reflected the expected impact of targeted strategic renewals. Russell said those renewals were designed to secure multiyear commitments and accelerate customer AI adoption, rather than representing a broad change in commercial policy. Gross margin was 68.4%, while cloud gross margin improved 40 basis points year over year to 69%. Operating income was $198 million, producing a 25.3% operating margin. The company reported operating cash flow of $123 million and free cash flow of $93 million for the quarter, ending June with $355 million in cash and short-term investments. NiCE repurchased $58 million of stock during the quarter and $311 million year to date. Shares outstanding declined 6% year over year to approximately 58.1 million. For full-year 2026, NiCE reiterated its revenue outlook of $3.17 billion to $3.19 billion, representing 8% growth at the midpoint. The company continues to expect cloud revenue growth of 13% to 15% for the year, with third-quarter cloud growth expected to be similar to the second quarter. The company raised its full-year non-GAAP diluted EPS forecast to $11.06 to $11.26, reflecting expectations for operating margin to reach the upper end of its previously discussed 25% to 26% range. Third-quarter revenue is projected at $780 million to $790 million. Third-quarter non-GAAP diluted EPS is projected at $2.73 to $2.83. Management expects full-year free-cash-flow margin at the higher end of its 18% to 19% target range. Russell said the company remains confident in the medium-term targets presented in November, including its previously communicated $3.5 billion 2028 revenue expectation, citing bookings, backlog growth, international expansion and partner activity. NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries. In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "NiCE Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Investor releaseQuarter not tagged2026-08-05

Nice: Q2 Earnings Snapshot

Associated Press

RA`ANANA, Israel (AP) — RA`ANANA, Israel (AP) — Nice Ltd. (NICE) on Wednesday reported second-quarter profit of $83.2 million. The Ra`Anana, Israel-based company said it had net income of $1.40 per share. Earnings, adjusted for one-time gains and costs, came to $2.70 per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share. The software company posted revenue of $782.3 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $767.2 million. For the current quarter ending in September, Nice expects its per-share earnings to range from $2.73 to $2.83. The company said it expects revenue in the range of $780 million to $790 million for the fiscal third quarter. Nice expects full-year earnings in the range of $11.06 to $11.26 per share, with revenue ranging from $3.17 billion to $3.19 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NICE at https://www.zacks.com/ap/NICE

Investor releaseQuarter not tagged2026-08-05

NiCE Exceeds Revenue Guidance Range, Reporting 8% Year-Over-Year Revenue Growth in Second Quarter 2026

Business Wire
Total revenue growth driven by 12.6% year over year cloud revenue growth International revenue increased 22% year over year (21% in constant currency) Company raises full-year 2026 EPS guidance HOBOKEN, N.J., August 05, 2026--(BUSINESS WIRE)--NiCE (NASDAQ: NICE) today announced results for the second quarter ended June 30, 2026, as compared to the corresponding period of the previous year. Second Quarter 2026 Financial Highlights* "We executed well in the second quarter, delivering revenue above the high-end of our guidance range and reaching the high-end of our non-GAAP EPS range," said Scott Russell, CEO of NiCE. "Underlying demand trends across our business continued to gain momentum during the second quarter as organizations increasingly consolidate their customer engagement needs on our AI-native CXone platform. This drove a record second quarter for new cloud ACV bookings, including an all-time record quarter for AI bookings with strong momentum at NiCE Cognigy. AI continues to become a more meaningful contributor to our business, with AI ARR reaching $362 million and now representing 15% of our cloud revenue. We are still in the early stages of a much broader AI adoption cycle across our customer base." Mr. Russell continued, "Enterprises are moving beyond AI experimentation and increasingly focusing on platforms that quickly deliver measurable outcomes in production environments. By embedding Cognigy natively into CXone, we're combining leading agentic AI with decades of CX expertise and data to deliver better enterprise outcomes. Through this native integration, we are accelerating innovation across our platform, growing partner engagement, and increasing adoption among large enterprises globally. NiCE remains strongly positioned to extend our leadership in CX AI and capture the significant opportunity ahead." GAAP Financial Highlights for the Second Quarter Ended June 30: Revenues:Second quarter 2026 total revenues increased 7.6% year over year to $782.3 million compared to $726.7 million for the second quarter of 2025. Gross Profit:Second quarter 2026 gross profit was $501.0 million compared to $485.1 million for the second quarter of 2025. Second quarter 2026 gross margin was 64.0% compared to 66.8% for the second quarter of 2025. Operating Income:Second quarter 2026 operating income was $104.0 million compared to $160.6 million for the second qu…Read full document

Total revenue growth driven by 12.6% year over year cloud revenue growth International revenue increased 22% year over year (21% in constant currency) Company raises full-year 2026 EPS guidance HOBOKEN, N.J., August 05, 2026--(BUSINESS WIRE)--NiCE (NASDAQ: NICE) today announced results for the second quarter ended June 30, 2026, as compared to the corresponding period of the previous year. Second Quarter 2026 Financial Highlights* "We executed well in the second quarter, delivering revenue above the high-end of our guidance range and reaching the high-end of our non-GAAP EPS range," said Scott Russell, CEO of NiCE. "Underlying demand trends across our business continued to gain momentum during the second quarter as organizations increasingly consolidate their customer engagement needs on our AI-native CXone platform. This drove a record second quarter for new cloud ACV bookings, including an all-time record quarter for AI bookings with strong momentum at NiCE Cognigy. AI continues to become a more meaningful contributor to our business, with AI ARR reaching $362 million and now representing 15% of our cloud revenue. We are still in the early stages of a much broader AI adoption cycle across our customer base." Mr. Russell continued, "Enterprises are moving beyond AI experimentation and increasingly focusing on platforms that quickly deliver measurable outcomes in production environments. By embedding Cognigy natively into CXone, we're combining leading agentic AI with decades of CX expertise and data to deliver better enterprise outcomes. Through this native integration, we are accelerating innovation across our platform, growing partner engagement, and increasing adoption among large enterprises globally. NiCE remains strongly positioned to extend our leadership in CX AI and capture the significant opportunity ahead." GAAP Financial Highlights for the Second Quarter Ended June 30: Revenues:Second quarter 2026 total revenues increased 7.6% year over year to $782.3 million compared to $726.7 million for the second quarter of 2025. Gross Profit:Second quarter 2026 gross profit was $501.0 million compared to $485.1 million for the second quarter of 2025. Second quarter 2026 gross margin was 64.0% compared to 66.8% for the second quarter of 2025. Operating Income:Second quarter 2026 operating income was $104.0 million compared to $160.6 million for the second quarter of 2025. Second quarter 2026 operating margin was 13.3% compared to 22.1% for the second quarter of 2025. Net Income:Second quarter 2026 net income was $83.2 million compared to $187.4 million for the second quarter of 2025.Second quarter 2026 net income margin was 10.6% compared to 25.8% for the second quarter of 2025. Fully Diluted Earnings Per Share:Fully diluted earnings per share for the second quarter of 2026 was $1.40 compared to $2.96 in the second quarter of 2025. Cash Flow and Cash Balance:Second quarter 2026 operating cash flow was $122.7 million. In the second quarter of 2026, $58.0 million was used for share repurchases. As of June 30, 2026, total cash and cash equivalents, and short-term investments were $354.7 million, with no outstanding debt. Non-GAAP Financial Highlights for the Second Quarter Ended June 30: Revenues:Second quarter 2026 non-GAAP total revenues increased 7.6% year over year to $782.3 million compared to $726.7 million for the second quarter of 2025. Gross Profit:Second quarter 2026 non-GAAP gross profit was $535.4 million compared to $503.9 million for the second quarter of 2025. Second quarter 2026 non-GAAP gross margin was 68.4% compared to 69.3% for the second quarter of 2025. Operating Income:Second quarter 2026 non-GAAP operating income was $198.0 million compared to $219.7 million for the second quarter of 2025. Second quarter 2026 non-GAAP operating margin was 25.3% compared to 30.2% for the second quarter of 2025. Net Income:Second quarter 2026 non-GAAP net income was $160.5 million compared to $190.3 million for the second quarter of 2025. Second quarter 2026 non-GAAP net income margin totaled 20.5% compared to 26.2% for the second quarter of 2025. Fully Diluted Earnings Per Share:Second quarter 2026 non-GAAP fully diluted earnings per share was $2.70 compared to $3.01 for the second quarter of 2025. Third Quarter and Full Year 2026 Guidance: Third-Quarter 2026:Third-quarter 2026 non-GAAP total revenues are expected to be in a range of $780 million to $790 million, representing 7.2% year over year growth at the midpoint.Third-quarter 2026 non-GAAP fully diluted earnings per share are expected to be in a range of $2.73 to $2.83. Full-Year 2026:Full-year 2026 non-GAAP total revenues are reiterated and expected to be in a range of $3,170 million to $3,190 million, representing 8.0% year over year growth at the midpoint.We are raising full-year 2026 non-GAAP fully diluted earnings per share which is now expected to be in a range of $11.06 to $11.26. The above full year 2026 guidance continues to include the expectation of 13%-15% year over year growth in cloud revenue. Quarterly Results Conference Call NiCE management will host its earnings conference call today, August 5, 2026, at 8:30 AM ET, 13:30 GMT, 15:30 Israel, to discuss the results and the company's outlook. A live webcast and replay will be available on the Investor Relations page of the Company’s website. To access, please register by clicking here: https://www.nice.com/company/investors/ir-events. Explanation of Non-GAAP measuresNon-GAAP financial measures are included in this press release. Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude share-based compensation, amortization of acquired intangible assets, acquisition and divestiture related expenses, gains on intercompany foreign currency transactions, amortization of deferred financing costs, amortization of discount on debt, the tax effect of the Non-GAAP adjustments, and the tax rate impact resulting from the non-U.S. intercompany transaction. The Company believes that these Non-GAAP financial measures, used in conjunction with the corresponding GAAP measures, provide investors with useful supplemental information about the ongoing financial performance of our business. Our management regularly uses our supplemental Non-GAAP financial measures internally to understand, manage and evaluate our business and to make financial, strategic and operating decisions. These Non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Our Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. These Non-GAAP financial measures may differ materially from the Non-GAAP financial measures used by other companies. Reconciliation between results on a GAAP and Non-GAAP basis is provided in a table immediately following the Consolidated Statements of Income. The Company provides guidance only on a Non-GAAP basis. A reconciliation of guidance from a GAAP to Non-GAAP basis is not available due to the unpredictability and uncertainty associated with future events that would be reported in GAAP results and would require adjustments between GAAP and Non-GAAP financial measures, including the impact of future possible business acquisitions. Accordingly, a reconciliation of the guidance based on Non-GAAP financial measures to corresponding GAAP financial measures for future periods is not available without unreasonable effort. About NiCENiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE’s platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes. Trademark Note: NiCE and the NiCE logo are trademarks or registered trademarks of NICE. All other marks are trademarks of their respective owners. For a full list of NiCE trademarks, please see: http://www.nice.com/nice-trademarks. Forward-Looking StatementsThis press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements may be identified by words such as "believe", "expect", "seek", "may", "will", "intend", "should", "project", "anticipate", "plan", and similar expressions. Forward-looking statements are based on the current beliefs, expectations and assumptions of the Company’s management regarding the future of the Company’s business, performance, future plans and strategies, projections, anticipated events and trends, the economic environment, and other future conditions. Examples of forward-looking statements include guidance regarding the Company’s revenue and earnings and the growth of our cloud, analytics and artificial intelligence business. Forward looking statements are inherently subject to significant uncertainties, contingencies, and risks, including, economic, competitive and other factors, which are difficult to predict and many of which are beyond the control of management. The Company cautions that these statements are not guarantees of future performance, and investors should not place undue reliance on them. There are or will be important known and unknown factors and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors, include, but are not limited to, risks associated with changes in economic and business conditions, competition, successful execution of the Company’s growth strategy, success and growth of the Company’s cloud Software-as-a-Service business, difficulties in making additional acquisitions or effectively integrating acquired operations, products, technologies and personnel, the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners, rapid changes in technology and market requirements, the implementation of AI capabilities in certain products and services; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications, loss of market share, cyber security attacks or other security incidents, privacy concerns and legislation impacting the Company’s business, changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, including those arising from political instability or armed conflict that may disrupt our business and the global economy, our ability to recruit and retain qualified personnel, the effect of newly enacted or modified laws, regulation or standards on the Company and our products, and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the "SEC"). You are encouraged to carefully review the section entitled "Risk Factors" in our latest Annual Report on Form 20-F and our other filings with the SEC for additional information regarding these and other factors and uncertainties that could affect our future performance. The forward-looking statements contained in this press release speak only as of the date hereof, and the Company undertakes no obligation to update or revise them, whether as a result of new information, future developments or otherwise, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805985182/en/ Contacts Investor Relations Contact Ryan Gilligan, +1-551-417-2531, [email protected], ETOmri Arens, +972 3 763-0127, [email protected], CET Corporate Media Contact Christopher Irwin-Dudek, +1 201 561 4442, [email protected], ET

Investor releaseQuarter not tagged2026-08-05

NICE Ltd (NICE) (Q2 2026) Earnings Call Highlights: Record AI Bookings and Cloud Momentum Drive ...

GuruFocus.com
This article first appeared on GuruFocus. Total Revenue: $782 million, up 8% year-over-year, above the high end of guidance. Cloud Revenue: $609 million, representing 78% of total revenue, growing 12.6% year-over-year. Product Revenue: $49 million, representing 6% of total revenue, an increase of 7% year-over-year. Services Revenue: $125 million, representing 16% of total revenue, declining 11% year-over-year. Gross Margin: 68.4% for the quarter; cloud gross margin improved 40 basis points year-over-year to 69%. Operating Income: $198 million, resulting in an operating margin of 25.3%. Earnings Per Share (EPS): Non-GAAP EPS of $2.70, at the high end of guidance. Cash Flow: Operating cash flow of $123 million and free cash flow of $93 million for the quarter. CX AI and Self-Service ARR: $362 million, growing 52% year-over-year, representing 15% of cloud revenue. Cloud Backlog: Increased 19% year-over-year. Cloud Net Revenue Retention: 106%. Customer Engagement Segment Revenue: $645 million, representing 82% of total revenue, up 8% year-over-year. Financial Crime and Compliance Segment Revenue: $137 million, representing 18% of total revenue, up 6% year-over-year. Americas Revenue: Represented 82% of total revenue, grew 5% year-over-year. EMEA Revenue: Represented 13% of total revenue, grew 30% year-over-year (28% on a constant currency basis). APAC Revenue: Represented 5% of total revenue, grew 8% year-over-year (5% on a constant currency basis). International Cloud Revenue: Increased 34% year-over-year on a constant currency basis. Share Repurchases: $58 million in Q2; $311 million year-to-date. Full-Year 2026 Guidance: Total revenue expected in the range of $3,170 million to $3,190 million; EPS expected in the range of $11.06 to $11.26. Third-Quarter 2026 Guidance: Total revenue expected in the range of $780 million to $790 million; EPS expected in the range of $2.73 to $2.83. Warning! GuruFocus has detected 4 Warning Signs with PRGO. Is NICE fairly valued? Test your thesis with our free DCF calculator. Release Date: August 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NICE Ltd (NASDAQ:NICE) delivered total revenue of $782 million, above the high end of its guidance range, with non-GAAP EPS of $2.70 at the high end of expectations. Cloud revenue grew 12.6% year-over-year, with a record quarter…Read full document

This article first appeared on GuruFocus. Total Revenue: $782 million, up 8% year-over-year, above the high end of guidance. Cloud Revenue: $609 million, representing 78% of total revenue, growing 12.6% year-over-year. Product Revenue: $49 million, representing 6% of total revenue, an increase of 7% year-over-year. Services Revenue: $125 million, representing 16% of total revenue, declining 11% year-over-year. Gross Margin: 68.4% for the quarter; cloud gross margin improved 40 basis points year-over-year to 69%. Operating Income: $198 million, resulting in an operating margin of 25.3%. Earnings Per Share (EPS): Non-GAAP EPS of $2.70, at the high end of guidance. Cash Flow: Operating cash flow of $123 million and free cash flow of $93 million for the quarter. CX AI and Self-Service ARR: $362 million, growing 52% year-over-year, representing 15% of cloud revenue. Cloud Backlog: Increased 19% year-over-year. Cloud Net Revenue Retention: 106%. Customer Engagement Segment Revenue: $645 million, representing 82% of total revenue, up 8% year-over-year. Financial Crime and Compliance Segment Revenue: $137 million, representing 18% of total revenue, up 6% year-over-year. Americas Revenue: Represented 82% of total revenue, grew 5% year-over-year. EMEA Revenue: Represented 13% of total revenue, grew 30% year-over-year (28% on a constant currency basis). APAC Revenue: Represented 5% of total revenue, grew 8% year-over-year (5% on a constant currency basis). International Cloud Revenue: Increased 34% year-over-year on a constant currency basis. Share Repurchases: $58 million in Q2; $311 million year-to-date. Full-Year 2026 Guidance: Total revenue expected in the range of $3,170 million to $3,190 million; EPS expected in the range of $11.06 to $11.26. Third-Quarter 2026 Guidance: Total revenue expected in the range of $780 million to $790 million; EPS expected in the range of $2.73 to $2.83. Warning! GuruFocus has detected 4 Warning Signs with PRGO. Is NICE fairly valued? Test your thesis with our free DCF calculator. Release Date: August 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NICE Ltd (NASDAQ:NICE) delivered total revenue of $782 million, above the high end of its guidance range, with non-GAAP EPS of $2.70 at the high end of expectations. Cloud revenue grew 12.6% year-over-year, with a record quarter for new cloud ACV bookings and cloud backlog growth of 19%. AI ARR increased 52% year-over-year, now representing 15% of cloud revenue, with AI backlog growth of 72% and a record quarter for AI bookings. International revenue grew 22% year-over-year, driven by strong performance in EMEA (up 30%) and international cloud revenue growth of 34% on a constant currency basis. The company secured its largest CXone and Cognigy deal ever with HMRC (eight-digit ACV), along with another eight-digit ACV win in US healthcare, demonstrating strong competitive momentum. NICE Ltd (NASDAQ:NICE) raised its full-year 2026 EPS guidance and reiterated its medium-term targets, including the $3.5 billion revenue goal for 2028. The company's partner ecosystem is expanding, with ACV booked through GSI partners in Q2 being multiples higher than the prior year, and a renewed partnership with RingCentral. Cloud gross margin improved 40 basis points year-over-year to 69%, reflecting operational efficiency and scale. NICE Ltd (NASDAQ:NICE) continues to return capital to shareholders, repurchasing $311 million year-to-date, representing 5% of market capitalization. The company's AI solutions are delivering measurable results, with examples like Tripadvisor achieving a 90% customer sentiment score (vs. 71% for human agents) and GXBank resolving 70% of chat interactions autonomously. Cloud net revenue retention (NRR) declined to 106% from Q1, reflecting the impact of strategic renewals completed with certain customers. There is a lag between strong bookings momentum and revenue recognition, as customers take a measured approach to deploying AI at scale, impacting short-term cloud revenue growth. Organic AI growth (excluding Cognigy) appears to have slowed to sub-30% from 40% last quarter, though management attributes this to the consolidation of Cognigy and timing. Services revenue declined 11% year-over-year due to the ongoing migration of customers from on-premise to cloud deployments. The company noted stronger-than-expected on-premise demand in its non-CX business, which could affect the mix between product and cloud revenue and the timing of cloud growth. Q2 operating cash flow was $123 million and free cash flow was $93 million, reflecting timing of working capital movements, including prepaying certain expenses and capital expenditures. The company's cloud revenue growth guidance for Q3 is expected to be similar to Q2 (12.6%), indicating no immediate reacceleration in the near term. The HMRC deal was not included in Q2 cloud backlog metrics due to contractual requirements, which could create some uncertainty in reported backlog figures. The company faces intense competition from AI-native point solutions and larger enterprise software platforms, requiring continued differentiation on unified platform capabilities. Customers are still in early stages of AI adoption, and the pace of moving from pilots to production can influence the timing of monetization, creating variability in quarterly results. Q: Can you provide more detail on the impact of strategic renewals on cloud growth, and how confident are you in the re-acceleration of cloud revenue in the second half of 2026?A: Scott Russell (CEO): The renewals were targeted, smart commercial decisions to accelerate AI adoption and secure long-term commitments, not a reflection of deteriorating demand. We completed them as expected with no further concerns for the year. We feel great about our record backlog and bookings, and if you include the HMRC deal, our AI backlog is accelerating. The challenge is converting this backlog into revenue, as customers are taking a measured approach to deploying AI at scale, preparing data, governance, and operating models. This impacts short-term revenue but secures long-term growth. Q: How do you view the competitive landscape against AI-native point solutions, and what is your philosophy on partnering versus competing with them?A: Scott Russell (CEO): While the market is competitive, our differentiation lies in being the only platform that can run a hybrid workforce at scale with best-in-class AI, orchestrated seamlessly with voice, digital, and human agents. We focus on mission-critical scale and reliability. We also take an open, interoperable approach, integrating with other AI solutions and LLMs. Our native data advantage is crucial, as AI platforms require deep knowledge of interactions. We back our competitive differentiation but also collaborate where we have value to provide. Q: Are the medium-term growth targets outlined at your Analyst Day in November still on track given the current buying behavior?A: Scott Russell (CEO) & Beth Gaspich (CFO): We are confident in our medium-term outlook. Our focus has been on winning the AI and CCaaS markets, growing backlog and bookings, and completing investments ahead of schedule. We are on track with our strategic priorities, including international growth and expanding our partner ecosystem. The record backlog and largest-ever deals, both internationally and for Cognigy, reinforce our confidence in achieving our medium-term targets. Q: Can you elaborate on the strength in product revenue and your expectations for the on-premise business in the second half of the year?A: Beth Gaspich (CFO): The strong product revenue in Q2 was driven by greater-than-expected term renewals in our non-CX businesses, highlighting the durability of our ongoing business. Our strategy remains to migrate legacy customers to the cloud, which is factored into our back-half expectations. However, there is potential that some large financial institutions may choose to stay on-premise on a term basis, which could affect the mix between product and cloud revenue. Q: What was the rationale behind renewing and expanding the partnership with RingCentral, and how does it impact your UCaaS offering?A: Scott Russell (CEO): Our decade-long partnership with RingCentral is mutually beneficial for both companies and our customers. Strategic partnerships don't mean exclusivity. Many customers want a world-class UCaaS platform alongside their CCaaS or CX AI platform. This expanded partnership offers customers better choice and deployment flexibility, with RingCentral offering our CXone platform and we now offer their UCaaS solution. It is accretive to what we can offer and we look forward to building it out. Q: The AI ARR growth seems to be slowing when excluding Cognigy. What is driving this organic AI slowdown?A: Beth Gaspich (CFO): You cannot look at organic versus inorganic growth with respect to Cognigy. After the acquisition, we discontinued selling our previous comparable solutions. Therefore, you must view the AI business in consolidation, not in a segmented way. The combined AI offering is the relevant metric for our performance. Q: Given record bookings, why isn't the net new AI ARR addition reflecting this strength, and is there an offset from churn or timing?A: Beth Gaspich (CFO): The discrepancy is simply related to the timing of conversion from bookings to revenue. We see strength in our backlog, but there can be variability from quarter to quarter in how that converts. We expect to see the expansion in forward-looking ARR in the back half of the year as deployments ramp. Q: Would you consider extending the strategic renewal offers to customers beyond the initial group if the strategy proves successful?A: Scott Russell (CEO): We have a very clear view of our renewals and customer deployment journeys for 2026, 2027, and 2028. We are proactively engaging customers on how to best deploy AI within their CXone environment. With Cognigy now fully native to CXone, customers can activate AI capabilities with a click of a button. We do not expect adverse impacts on our growth outlook; in fact, we see opportunities to bring AI capabilities to customers well in advance of renewal events, which will be creative for our growth. Q: Who are you typically competing against for these large eight-figure deals, and how does the competitive dynamic play out?A: Scott Russell (CEO): We compete against a range of players, including AI-native solutions, historical CCaaS peers, and potentially new entrants. Customers are evaluating how to achieve business outcomes without integrating disparate technologies. When they look at a unified platform, we stand apart with our end-to-end capability. However, even on a standalone basis, NiCE Cognigy competes favorably against AI-native players. Our sweet spot is the unified platform, which drives large enterprise wins. Q: Can you confirm that you are reiterating the $3.5 billion revenue target for 2028?A: Beth Gaspich (CFO): Yes, that is correct. We are standing by our expectation to meet all of the topline guidance and other targets we communicated last November, including the $3.5 billion revenue target for 2028. Q: Can you frame the near-term proportion of cloud ARR exposed to compression and what milestones would indicate NRR has reached a trough?A: Beth Gaspich (CFO): The cloud NRR of 106% was as anticipated and directly tied to the strategic renewal opportunities we addressed last quarter. The modest change from Q1 was expected and is reflected in our guidance. We do not see further compression from these targeted renewals. Q: What are your GSI partners offering that can't be replicated, and how durable is this differentiation in driving larger opportunities?A: Scott Russell (CEO): We have invested heavily in our GSI partnerships, with a record number of certified consultants and a new Chief Partner Officer. These partners see a durable growth opportunity and For the complete transcript of the earnings call, please refer to the full earnings call transcript.

TranscriptFY2026 Q22026-08-05

FY2026 Q2 earnings call transcript

Earnings source - 83 paragraphs
Operator

Welcome to the NICE conference call discussing second quarter 2026 results, thank you all for holding. All participants are at present in a listen-only mode. Following management's formal presentation, instructions will be given for the question-and-answer session. As a reminder, this conference is being recorded August 5, 2026. I would now like to turn this call over to Mr. Ryan Gilligan, Vice President in Investor Relations at NICE. Please go ahead.

Ryan Gilligan

Thank you, operator. With me on today's call are Scott Russell, Chief Executive Officer, and Beth Gaspich, Chief Financial Officer. Before we start, I would like to point out that some of the statements made on this call will constitute forward-looking statements. In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, please be advised that the company's actual results could differ materially from these forward-looking statements.

Ryan Gilligan

Additional information regarding the factors that could cause actual results or performance of the company to differ materially is contained in the section entitled Risk Factors in Item three of the company's 2025 Annual Report on Form 20-F as filed with the Securities and Exchange Commission on February 26, 2026. During today's call, we will present a more detailed discussion of second quarter 2026 results and the company's guidance for the third quarter and full year 2026.

Ryan Gilligan

A copy of today's press release and investor presentation can be found on NICE's investor relations website. Following our comments, there will be an opportunity for questions. Let me remind you that unless otherwise noted on this call, we will be commenting on our adjusted results of operations, which differ in certain respects from Generally Accepted Accounting Principles, as reflected mainly in accounting for share-based compensation, amortization of acquired intangible assets, acquisition and divestiture related expenses, gains on intercompany foreign currency transactions, amortization of deferred financing costs, amortization of discount on debt, the tax effect of the non-GAAP adjustments, and the tax rate impact resulting from the non-U.S. intercompany transaction.

Ryan Gilligan

The differences between the non-GAAP adjusted results and the equivalent GAAP figures are detailed in today's press release. The information in some of our comments discussed on this call may contain forward-looking statements that are subject to risks, uncertainties, and assumptions. I will now turn the call over to Scott.

Scott Russell

Thank you, Ryan, and good morning, everyone. I'm encouraged by our execution in the second quarter as we continue to strengthen our leadership position in the CXAI market. We're still in the early stages of our growth opportunity, and our second quarter results reinforce that underlying demand trends in our business continue to build strong momentum. In Q2, we delivered total revenue of $782 million above the high end of our guidance range and non-GAAP EPS of $2.70 at the high end of the range. Cloud revenue grew to a 12.6% year-over-year as customers increasingly consolidate around a single enterprise CXAI platform that powers seamless experiences across every channel. That trend reflects a broader reality. Customer engagement is a category in its own right.

Scott Russell

It connects with broader enterprise workflows, it remains a distinct system of engagement where every interaction happens in real-time and every customer experience matters. It requires a different level of specialization than enterprise workflow automation or AI-only interaction models, that's exactly where NICE has built its leadership. As customer interactions continue to grow with AI interactions growing even faster, customer engagement is becoming a more strategic capability for the enterprise. That shift is driving enterprises to scale customer engagement and AI across their organizations, expanding their investment in NICE. This is reflected in continued CXone seat growth, a record Q2 for new cloud ACV bookings, including another record quarter for AI bookings, a strong cloud backlog growth of 19%, and AI backlog growth of 72%. One additional point, these backlog metrics do not include our recently signed HMRC deal.

Scott Russell

Had HMRC been included, cloud backlog growth would have been similar to last quarter, while AI backlog growth would have accelerated above Q1. In Q2, nearly every CXone enterprise deal included AI. Customers are choosing NICE Cognigy because of its proven success operating at enterprise scale. AI deal volumes and average deal sizes continue to grow substantially, we're seeing our install base increasingly choose NICE Cognigy. Win rates are very high with existing CXone customers as these enterprises view NICE as a trusted partner and see the benefit of a single CXAI platform. The beauty of NICE Cognigy is it also continues to compete well on a stand-alone basis. AI ARR increased 52% year-over-year, and AI now represents 15% of cloud revenue. Within that, our Agentic AI solutions grew even faster. As enterprises scale AI across their organizations, adoption naturally ramps over time.

Scott Russell

While the technology can be implemented quickly, customers are preparing their data governance and operating models before scaling AI across mission-critical workflows. Our full deployed engineers and NICE Labs engagement models proactively help our customers accelerate that journey. Importantly, virtually all of our AI revenue already comes from production deployments rather than pilots where customers are achieving meaningful results at scale. International is another area of strength. In Q2, international revenue increased 22% year-over-year, and our recently announced HMRC win is another example of the large-scale enterprise transformations we're increasingly winning. Cloud migrations, our expanding partner ecosystem, and growing demand for sovereign cloud deployments, particularly in Europe, are creating multiple durable drivers of international growth. Broadly speaking, our Q2 results reinforce what we recently discussed with customers and partners at NICE World Orlando and NICE World London.

Scott Russell

Attendance at both events increased more than 20% year-over-year, evidence of the growing interest in our fully AI-native CX platform. It is clear enterprises are no longer evaluating AI based on what it can demonstrate. They're evaluating it based on what it can deliver in production. Accuracy, governance, scalability, measurable business outcomes are now the criteria that matter. As a result, customers are moving away from fragmented point solutions towards a single platform that orchestrates every customer experience across voice, digital, human, and AI. That plays directly to NICE's leadership with a unified operating platform. We're continuing to strengthen that platform advantage through innovation. At NICE World, we announced that Cognigy is now fully native to CXone, ahead of schedule, making it the platform's foundational conversational agentic AI engine. One application, one shared data layer, one deployment experience.

Scott Russell

Customers can activate AI faster, eliminate integration complexity, and build AI agents directly on CXone data. The native integration of Cognigy is also accelerating innovation across CXone in ways that simply aren't possible when AI and customer engagement sit on separate platforms. At NICE World, we showcased Agentic Analytics, which continually analyzes data across the platform to identify new automation opportunities and improve existing automations. We also introduced the Agentic Engagement Plane, purpose-built for an emerging hybrid workforce, enabling human and AI agents to operate together seamlessly. This capability is unique to NICE and our single natively integrated platform. Combined with learning loops and Guardian AI, these innovations continually improve AI performance while giving enterprises the governance, control, and operational confidence required to scale AI across every customer interaction.

Scott Russell

To sustain that pace of innovation, we also launched NICE Labs, our dedicated AI lab focused on furthering agentic customer experience through advanced research, rigorous benchmarking, and rapid prototyping. Working closely with customers and partners, NICE Labs is designed to help close the gap between what's possible with AI and what enterprises can reliably deploy in production. Importantly, we built that innovation without sacrificing flexibility for our customers. Our platform is model agnostic, allowing enterprises to take advantage of proprietary, open weight, and future models as they evolve, without locking themselves into a single LLM. That gives customers the freedom to adopt the best models for each use case while protecting long-term flexibility and cost efficiency. Ultimately, our strategy is delivering measurable results for our customers.

Scott Russell

TripAdvisor, an existing CXone customer, deployed NICE Cognigy AI agents, moving from concept to its first live automated voice calls in just two and a half months. Today, its AI agent delivers a 90% customer sentiment score, well above the 71% achieved by human agents. GXBank, Malaysia's first operational digital bank with over 1 million customers, built its customer experience operation on CXone, where the platform now delivers 95% customer satisfaction and 95% first contact resolution, while AI autonomously resolves 70% of customer chat interactions. These outcomes are not isolated success stories. They reflect a broader pattern that we're seeing across our customer base. Enterprises achieving measurable business outcomes with AI in production. We're translating these outcomes into continued competitive momentum. Our CCaaS win rates remained strong in Q2 and improved year-over-year as more enterprises selected NICE to modernize customer engagement with AI.

Scott Russell

In Q2, we secured an eight-digit ACV win with HMRC, making it the largest CXone deal and largest Cognigy deal ever. Delivered in partnership with Capgemini, HMRC selected NICE's unified CXAI platform to help modernize and enhance citizen engagement at scale. We also secured another eight-digit ACV win with one of the largest healthcare organizations in the U.S., which selected NICE CXone and Cognigy to advance customer engagement on a unified AI platform. Working together with Accenture, the customer chose NICE to accelerate AI adoption and scale while enhancing member experiences and driving greater operational efficiency. Standalone Cognigy also continues to compete favorably. Recent wins including displacing an AI native point solution at a large multinational utility, where our platform delivered stronger automation performance while giving the customer greater flexibility and faster time to market for new use cases.

Scott Russell

We also replaced an incumbent AI-native solution at a large insurance company after winning a competitive evaluation against an AI-native solution and a large enterprise software platform. Together, these wins across both our unified platform and standalone AI offerings underscore the strength of our strategy, the competitive differentiation of NICE Cognigy, and the growing leverage of our global partner ecosystem in driving large-scale enterprise transformation. Speaking of our partners, our partner ecosystem continues to be an increasingly important driver of our success. ACV booked through our GSI partners in Q2 was multiples higher than the prior year. With AWS, customers are leveraging AWS Marketplace and committed cloud spend programs as a part of their procurement processes with NICE, making it easier to adopt our platform while expanding our commercial reach across both new customer deployments and renewals. We've also expanded our long-standing partnership with RingCentral.

Scott Russell

Building on nearly a decade of collaboration, NICE will now offer RingCentral's UCaaS solution while RingCentral continues to offer NICE CXone platform. This gives organizations that prefer an integrated UCaaS and CCaaS deployment the flexibility to choose a unified solution without compromising on the capabilities of either platform. We've also strengthened our position in healthcare through our recent Epic integration. By embedding patient engagement into the clinical workflow, we've made it easier for healthcare providers to adopt the NICE platform, positioning us for additional growth in this strategic vertical. Collectively, these partnerships make it easier for customers to buy, deploy, and expand their investments in NICE while expanding our reach into new industries and buying centers. Before I turn it over to Beth, I'd like to leave you with one final point. The future of customer engagement is on a single platform, delivering production at scale.

Scott Russell

That's where NICE is uniquely differentiated, and it's why we continue to win enterprise transformation deals, large ones. That differentiation compounds as customers expand their usage of the platform. Because our capabilities are natively integrated, customers can activate AI solutions quickly without the complexity of deploying separate platforms. We are incredibly excited by the accelerating momentum we're seeing in product innovation and customer demand. These trends, continued with our expanding partner ecosystem, reinforce our confidence in the significant opportunity ahead. With that, I'll turn the call over to Beth.

Beth Gaspich

Thank you, Scott. We continue to execute on the strategic priorities we outlined earlier this year, with second quarter revenue coming in above the high end of our guidance range and non-GAAP EPS delivered at the high end of our expectations. Let me now turn to our second quarter results. Total revenue for the second quarter was $782 million, up 8% year-over-year. The outperformance relative to our guidance was primarily driven by stronger than expected product revenue, while cloud revenue performed in line with our expectations. Foreign exchange provided a modest benefit of 40 basis points to revenue growth in the quarter, lower than the approximately one point tailwind experienced in the first quarter. Starting with revenue by business line, cloud revenue totaled $609 million, representing 78% of total revenue and growing 12.6% year-over-year, including approximately 250 basis points of contribution from Cognigy.

Beth Gaspich

Cloud growth was driven by the successful expansion of CXAI offerings into our existing install base, new CXone logos, and strong international performance, partly offset by the strategic renewals we completed. Within cloud, CXAI and self-service ARR reached $362 million, growing 52% year-over-year and now representing 15% of our cloud revenue. As we continue to move further up market and win larger enterprise AI opportunities, many customers remain in the early stages of deployment, creating a lag between the strong bookings momentum we see and timing of customer adoption. Customer demand remains strong, and we continue to see significant momentum across our AI business. Looking ahead, we're encouraged by the continued strength of our land and expand strategy. We delivered a record quarter for AI bookings with approximately 75% of NICE Cognigy bookings attached to CXone. This reinforces our strategy to deliver the market leading end-to-end CXAI platform.

Beth Gaspich

These leading indicators, combined with the continued ramp in existing deployments, reinforce our confidence in our long-term AI expansion opportunity. As Scott mentioned, cloud backlog increased 19% year-over-year. Our cloud backlog at the end of Q2 does not include our recently signed nine-digit TCV HMRC deal due to customary public sector contractual agreement requirements. As anticipated, cloud net revenue retention remained healthy at 106%. Turning to our premise-based revenue streams, services revenue was $125 million, representing 16% of total revenue and declining 11% year-over-year. This reflects the migration of customers from on-premise deployments to cloud, which naturally reduces the services activity associated with legacy implementations. Product revenue was $49 million, representing 6% of total revenue, and increased 7% year-over-year, primarily driven by greater than expected term renewals in our non-CX businesses.

Beth Gaspich

Turning to our geographic performance, the Americas region, which represented 82% of total revenue, grew 5% year-over-year, supported by healthy cloud growth and continued adoption of our CXone platform, partly offset by anticipated decline in services revenue. International remained an important contributor to growth during the quarter. EMEIA revenue, representing 13% of total, grew 30% year-over-year or 28% on a constant currency basis. APAC revenue, representing 5% of total revenue, grew 8% year-over-year or 5% on a constant currency basis, reflecting the lapping of a large public sector cloud deployment that began in the second quarter of last year. International cloud revenue increased 34% year-over-year on a constant currency basis, reflecting continued adoption of our cloud and AI solutions across under-penetrated international markets.

Beth Gaspich

Supported by an expanding partner ecosystem and the ramp of recently secured strategic wins, we remain confident that international expansion will continue to be a durable long-term growth driver for NICE. Turning to our business segments, Customer Engagement revenue totaled $645 million, representing 82% of total revenue, and increased 8% year-over-year. Growth was driven by continued double-digit cloud revenue expansion from both our large installed base as well as new logos, which more than offset the expected decline in maintenance revenue. Financial Crime and Compliance revenue totaled $137 million, representing 18% of total revenue, and increased 6% year-over-year, driven by continued demand for our financial crime prevention solutions. Turning to profitability, gross margin for the quarter was 68.4%, in line with our expectations.

Beth Gaspich

Cloud gross margin improved 40 basis points year-over-year to 69%, reflecting improvements in the efficiency and scale of our cloud operations while continuing to support growing AI adoption across the platform. Operating income was $198 million, resulting in an operating margin of 25.3%. Consistent with the investment framework we outlined earlier this year, we continue to invest in AI innovation, go-to-market initiatives, and our partner ecosystem. The second quarter also included elevated marketing investments associated with our annual customer conferences, resulting in some quarterly variability within our target operating margin range as we continue to support our long-term growth strategy. Earnings per share for the second quarter were $2.70, coming in at the high end of our guidance range due to outperformance in total revenue and in-line operating margin.

Beth Gaspich

Turning to cash flow, operating cash flow for the quarter was $123 million, and free cash flow totaled $93 million. Cash generation during the quarter reflected the timing of working capital movements, including prepaying certain expenses and capital expenditures, which can create variability from quarter-to-quarter. We remain confident in our full-year free cash flow outlook and continue to expect to finish the year at the higher end of the 18%-19% free cash flow margin range. We ended the quarter with $355 million in cash and short-term investments. Turning to capital allocation, we repurchased $58 million of our shares during the second quarter. Shares outstanding at the end of June were approximately 58.1 million shares, a decline of 6% year-over-year.

Beth Gaspich

Year-to-date, we have executed $311 million of share repurchases, representing 5% of our market capitalization, with our repurchases increasing approximately 10% from the first half of 2025, reflecting our continued commitment to returning capital to shareholders. Turning to guidance. For the full year 2026, we are reiterating our total revenue guidance and raising our EPS guidance to reflect an expected operating margin at the higher end of the 25%-26% range we've previously shared. Full year 2026 total revenue is expected to be in the range of $3 billion and $170 million to $3 billion and $190 million, which represents an increase of 8% at the midpoint. We continue to expect 2026 cloud revenue growth to be in the range of 13%-15%, with Q3 cloud growth expected to be similar to Q2.

Beth Gaspich

As we look to the second half, demand across our cloud and AI portfolio remains very strong. At the same time, many customers are still in the early stages of AI adoption, and the pace at which they move into production can influence the timing of monetization. We also continue to see stronger than expected on-premise demand within our non-CX business from several large financial institutions. While we remain confident in the long-term cloud migration opportunity there, the timing of these migrations can affect the mix between product and cloud revenue. These factors may influence the timing of cloud revenue growth and where we land within our guidance range, but they do not change our confidence in the business. Our strong H1 bookings and continued backlog growth reinforce the healthy demand environment we see for our cloud and AI portfolio.

Beth Gaspich

Full year fully diluted earnings per share are now expected to be in the range of $11.06-$11.26. For the third quarter of 2026, we expect total revenue to be in the range of $780 million-$790 million, representing 7% year-over-year growth at the midpoint. We expect third quarter fully diluted earnings per share to be in the range of $2.73-$2.83. In summary, we are pleased with our execution in Q2. As we look ahead, we are encouraged by the strength of our cloud and AI bookings, backlog, and pipeline, which continue to support our long-term growth outlook. Combined with disciplined execution, strong cash generation, and a healthy balance sheet, we remain confident in our ability to capitalize on the significant opportunities ahead. With that, I'll turn the call back to the operator for questions. Operator?

Operator

At this time, if you would like to ask a question, press star, then the number one on your telephone keypad. To withdraw your question, simply press star one again. We kindly ask that you limit your questions to one and one follow-up for today's call. We will pause for just a moment to compile the Q&A roster. Your first question comes from the line of Siti Panigrahi with Mizuho. Please go ahead.

Siti Panigrahi

Thank you. Good morning. You guys talked about that concept of offering those legacy product discount to a large customer in exchange of multiyear commitment. How does that impact? Are you seeing the same trend continue after that in Q2 and second half? Similar kind of trend from other market customer that's going to come up for renewal in the second half. How confident are you on your second half cloud growth as you guided? Do you expect that to re-accelerate?

Scott Russell

Yeah, thanks. Let me take these questions. First of all, on the renewals. The renewals we've completed have gone exactly as we've expected. Just as a reminder, this was not a large scale. This was more about smart commercial decisions that we designed and work with our strategic customers to accelerate AI adoption and secure long-term commitments. None of those changes reflects any deterioration or concern about the underlying demand. In fact, the underlying CCaaS market is really strong. The AI market is really strong. Customer interaction volumes grow, and the voice channel is really critical. These were very targeted strategic decisions, not a broad change in commercial approach, and we've completed those as we expected with no further concern for the remainder of the year.

Scott Russell

As it relates to our cloud revenue growth, of course, we've continued to guide within the range, and as Beth mentioned, we feel great about the backlog. We've got record backlog. We've got record bookings. Our AI backlog continues to expand, and if you include HMRC, our backlog is actually accelerating in AI compared to where it was in Q1. It's a great problem to have. We've got work to do with our customers to take that backlog and put it into deployments and ultimately convert it to revenue. The reality is, and you can see it with our wins that we talk to, we're dealing with some of the largest enterprise deployments that are on the planet, and they take some work to be able to deploy them at scale.

Scott Russell

Customers are taking a measured approach as they prepare their data, the governance, the operating models before they scale AI across all the use cases of which they've signed up to. It's not a challenge from a NICE perspective. We've got all the capabilities. We've launched NICE Labs. We've got great examples, and it's customers like TripAdvisor and others that are able to deploy quickly. The reality is, we're dealing with complex, not simple use cases, and those ones require a measured deployment approach, which does have some impact on the revenue in the short term, but in the long term, it's very secure.

Operator

Your next question comes from the line of Rishi Jaluria with RBC. Please go ahead.

Rishi Jaluria

Oh, wonderful. Thanks so much for taking my questions. Just start with, look, I get the AI story. Obviously, good to see some of these large deals and backlog building. I want to understand, as we're talking to a lot of our customers, the AI decision's not an all or nothing, right? It's not, "Hey, we need to buy everything from one vendor." In a lot of cases, you have these high-profile AI native companies out there that might be on call deflection, voice AI agents, et cetera. To a certain extent, you're competing with them, but to a certain extent, it feels like there's maybe partnership opportunities where you can maybe cede certain parts of the market but still have the connectivity, still have the hooks, still kind of integrate.

Rishi Jaluria

Can you talk us through your philosophy, as it pertains to either working with or integrating with some of those AI native, so that it becomes less of a factor of maybe crowding out or delaying some of these decisions. Just help understand that, then I've got a quick follow-up.

Scott Russell

Sure. It's a great question. You're right that it is a highly competitive market, in some respects, when you take just the pure AI story alone, everyone sounds pretty similar. I find it remarkable. Part of it is because creating voice agents and creating agents, look, on Cognigy, all I can say is it literally takes seconds. This is not a difficult activity. We really focus on our competitive positioning on what makes us unique. What makes NICE unique? Well, it's the only platform that can run a hybrid workforce at scale. It's the only platform that has a best-in-class AI capability if you want to do it independent, but when you want to orchestrate it with the millions of voice interactions, the digital channels, the human workforce, you can do it in an interoperable way without any lag, without any integration, without any latency.

Scott Russell

We also focus on mission-critical scale. I think a lot of these AI-native companies are realizing that when you get to mission-critical scale, you can't drop. You can't fail. Quality matters. We've been doing this for decades in our voice and digital and in the CXone platform. Taking those same capabilities and doing it in the AI space really does differentiate us. I think that's why you can understandably see large companies, complex transformational engagements around the world, really are where those companies are looking for that capability. To your second part of your question, which is a great one, our philosophy is very much being a company that is able to interoperate within a competitive ecosystem. Our CCaaS platform, of course, integrates beautifully with other AI-native solutions. We operate with open LLMs, different LLMs, open source, open weight models.

Scott Russell

We offer our own speech transcription, text-to-speech service, or we offer others that can be integrated into our platform. If you think of it from our point of view, NICE Cognigy works beautifully with every other CCaaS platform. It works beautifully with other enterprise workflow solutions. We very much look at an interoperable way and really zero in on the value drivers that we can bring. Last but not least, the thing that we have the most, that everybody needs, that is native to our platform is our data. You can't run an AI platform without all the knowledge of all of the intents, the interactions. All the things that happens on voice is a requirement for any of those AI natives to be able to have an insightful way of being able to do containment, deflection, and others.

Scott Russell

Our advantage is we can provide that natively with AI agents, human agents, interoperable platform, all within the one data platform that is easy for our customers to use and deploy. We take an open approach. We back ourselves with our competitive differentiation, we also look at ways that we can collaborate with both AI-native players and even other CX players because we know that we've got value to provide. Even if it's not the full suite, there are parts of our portfolio that are valuable to our customers, and we don't limit ourselves with that opportunity.

Rishi Jaluria

All right. Very helpful. Thank you. Maybe just on the long-term cloud outlook, if we rewind nine months ago at your Analyst Day back in November, you talked about this glide path to accelerating organic cloud growth, obviously with Cognigy being a big driver of that. Given where numbers have settled out and with some of the changes in buying behavior, are those targets still on the table? Is the timeline still the same? Maybe just help us understand your confidence in that re-acceleration story back to what you told us nine months ago. Thanks.

Scott Russell

Yes, sure. Great. I'll let Beth add to anything that I From an opening point of view. When we got together in November last year, I talked a lot about the growth opportunity of both the CX market and the emerging AI opportunity. I mentioned that we would need to invest in both the native capabilities and all the things that I described about Cognigy being integrated into the CX platform, being able to provide that transformation. We knew that our differentiation was the combined platform, not just having pieces that could compete head-to-head on an isolated case. That's been a large focus. Candidly, my main emphasis has been on winning the AI market, winning the CCaaS market, growing our backlog and bookings, completing the investments which we're ahead of schedule on.

Scott Russell

That gives us confidence in we go into the out years of the midterm guidance with confidence around our cloud revenue and our operating margins. As of the first half of this year, I feel good about that midterm. What we've got to keep on doing is expand our international, expand with the strategic ecosystem, continue to book strongly on both AI and in the CX market. Clearly, our opportunity now, based on all of the bookings, is converted into revenue. Look, we look at that outlook in a positive way, and we'll continue to execute against the strategy. I'm feeling good about that. Beth, anything you want to add?

Beth Gaspich

I think you've done a great job of covering it, Scott. I think one of the things that's important is we've really done well on executing on the strategic priorities that you highlighted, really driving the international growth, putting in play the ecosystem, more business with partners, and opening that distribution network. I think we're well positioned. We feel well on track in those medium-term targets we've already executed. When we see both the backlog that we've had in the first half of this year, combined with some of the largest deals ever that we've seen, both internationally as well as for Cognigy, that gives us really the confidence that we're still on track for that medium-term outlook.

Operator

Your next question comes from the line of Samad Samana with Jefferies. Please go ahead.

Speaker 6

Hello, this is Joey. I'm for Samad. Thank you for taking our questions. To start, it's great to see the strong results on the product side and the greater than expected term renewals in the non-CX business. As we think through the back half as we model product for the rest of the year, are you thinking about what your expectation as it relates to the on-prem strength? Thank you.

Beth Gaspich

Yeah. Thank you for the question. As you highlighted, I think we had, as expected, cloud growth in Q2 and really phenomenal growth in the product in the non-CX businesses in the second quarter. It really speaks to the durability of our ongoing business. When you look at the back half, our strategy remains the same, that our expectation is that we continue to drive our customers, our legacy customers in those non-CX businesses over to the cloud.

Beth Gaspich

That is what we factored into our expectation for the back half. We do have opportunity, and we may potentially see that some of those same financial institutions may opt to actually continue to stay with us durably on a term basis. As of now, our expectation is that we'll continue to see that shift, and that's certainly what we promote to our customers, as well as internally to our internal go-to-market teams as well.

Operator

Your next question comes from the line of James Fish with Piper Sandler. Please go ahead.

Speaker 7

Hi, guys. Thanks for taking my question. Ryan on for James Fish. You guys talked about the renewed partnership with RingCentral. How does this impact your UCaaS offering you released, and why the decision to renew here?

Scott Russell

Well, thanks, Ryan. Look, I think the reality is we've got a wonderful relationship and partnership with Ring we've had for over a decade. It's mutually beneficial, not for just each other, but also for our customers. What we realized is, back to the earlier question about our strategic partnership is, strategic partnerships don't mean exclusivity. We have many customers that would like a capability that we can provide from NICE, but with also recognition that many customers want a world-class UCaaS platform and buy that in coexistence with their CCaaS or their CXAI platform. We want to be active in promoting that, just as Ring actively promotes and drives the CX capabilities that we have, not only of our CCaaS, but also of Cognigy as well.

Scott Russell

It's a win-win for both organizations, and it's an opportunity for our customers to have better choice, deployment flexibility, and it is accretive to what we can offer to our customers. Hence we leant into that and we look forward to continuing to build it out.

Speaker 7

Okay. A quick follow-up, too. ARR is still growing over 50%, but if we back out Cognigy here, it seems that AI grew sub 30% compared to 40% last quarter. What's going on with that organic AI offering slowing down?

Beth Gaspich

Yeah. I think, listen, first of all, you can't really look at organic versus inorganic with respect to Cognigy. At the time we made the acquisition of Cognigy, it meant that we discontinued selling the other comparable solutions we had previously. You must look at it in consolidation. It doesn't really pertain to look at it in a segmented way at this point.

Operator

Your next question comes from the line of Tyler Radke with Citi. Please go ahead.

Tyler Radke

Yeah, good morning. Thanks for taking the question. Just going back to some of the comments about sort of the lag of bookings to revenue, I guess related to the prior question. If I just compare your net new AI ARR, just taking the sequential AI ARR addition, it looks like Q2 was below Q2 of last year. Yet you're calling out record bookings. I'm curious, is there an offset, whether it's churn or consolidation of other existing cloud revenue, or is there a duration impact, or is there some timing impact? Just because it does seem like you called out record strength in bookings, as we look at that sequential ARR, it's not exactly showing up in terms of net new. Thank you.

Beth Gaspich

Yeah. Thank you for the question, Tyler. It's spot on to what Scott and I both have been talking about earlier today, that it's simply related to the conversion of timing. We see the strength in our backlog, you may see variability from quarters in terms of how that shakes out. Again, we expect to see that expansion coming more so you'll see in the forward-looking ARR in the back half.

Operator

Your next question comes from the line of Arjun Bhatia with William Blair & Company. Please go ahead.

Willow Miller

Hi, team. Miller on for Arjun Bhatia. Thanks for taking our question. I appreciate your comments about the targeted renewals and how they were thoughtful and extended to certain marquee customers. If the strategy plays out how you expect it to, would you consider extending these strategic renewals to customers beyond this first group?

Scott Russell

Yeah. It's a good question. As you can appreciate, we look at this really closely. If you think about the strengths of NICE, many of them are around our product, our history, our capability. One of our biggest strengths is our customer base and our install base. We have a very clear view about our renewals, our outlook, not only for 2026, 2027, and even into 2028. We have got a very clear view of what customers, what they're using, where they're at, and having proactive conversations about their deployment journeys. I think what you can interpret is based on the signals and the buying behavior of our customers that we clearly saw in Q1, we're way further in front of being able to engage our customers around how to best deploy AI and leverage that within their CXone environment.

Scott Russell

The beauty is now that Cognigy's integrated into CXone completely, they can literally click a button and they can start activating some of those AI capabilities that Cognigy provides, which wasn't available to us, obviously, at the beginning of the year. I'm not expecting any adverse app impacts in terms of our overall growth or revenue outlook says that we look at those renewals. In fact, quite the opposite. As we look at the opportunity with those customers well in advance of renewal events that we can then seamlessly be able to bring in those AI capabilities, do it in an enhanced way, and then obviously make it accretive for our growth overall as a company.

Willow Miller

Thank you for the color.

Scott Russell

No problem.

Operator

Your next question comes from the line of Patrick Walravens with Citizens. Please go ahead.

Patrick Walravens

Great. Thank you, and congratulations you guys on the biggest deal in your history. Scott, when you're doing these eight-figure deals, can you just talk to us a little bit about who you're competing against and sort of how that dynamic works? Is it Genesys? Is it Sierra/Decagon? Does the new Agentforce contact center product from Salesforce show up? Who do you end up, at the end of the day, having to beat out to win these deals?

Scott Russell

It's a good question, Patrick. The answer is probably all of the above. The reality is, it is a competitive environment. Let's face it, we fully acknowledge that all customers have choice of approach. We believe firmly that the system of engagement and the customer engagement platform, in a united manner, will be the preeminent way large enterprise, and medium for that matter, will be able to deliver their customer experience. It takes a bit of time because what they're evaluating is not only who is the best vendor or who's the best partner, but how to achieve their business outcomes. Companies don't want to be integrating different technologies. What they're doing is they're looking at AI-native solutions, but then they have to figure out how to integrate it and how to maintain that integration.

Scott Russell

If they then look at a unified platform like us, then they look at our direct peers in historical CCaaS space and says, "Who's got the end-to-end capability that provides voice, digital, human, AI agent, all in a complete suite and has an innovation roadmap?" We're clearly in front there. We see that with our win rates, and that's where customers like HMRC who clearly chose to go onto our platform, going from a legacy on-prem platform that was not NICE. It is very competitive in those different scenarios. The way we feel good about it, Patrick, is this: if a customer chooses to break it apart and then they're going to choose their CCaaS as distinct from their AI platform, as distinct from their workforce management, we stand up really well.

Scott Russell

When they look at the combined offer of a unified platform and the benefits of it, we stand apart. That's the way that we go to market and compete on those. I would highlight NICE Cognigy, I mentioned it earlier, but I just want to reiterate it. On a standalone basis, head to head against these AI players, it stacks up really well and we compete favorably. We have confidence that we have different buying behaviors and we're able to compete on those. Clearly, the unified platform is our sweet spot and one that really does drive the large enterprise.

Patrick Walravens

Great. Thank you for that, Scott. If I could do a follow-up for you. Just on the whole, bookings versus rev rec. Are you comfortable saying that you're reiterating the $3.5 billion in 2028? Because that would kind of answer all the questions.

Beth Gaspich

That's correct, Pat. We are. We're standing with the expectation to continue to meet all of the guidance on the top line that we've already communicated, as well as the other targets that we communicated last November as well. Yes.

Operator

Your next question comes from the line of Elizabeth Porter with Morgan Stanley. Please go ahead.

Elizabeth Porter

Great. Thank you so much. I had a question just on the cloud NRR number, which ticked down a little bit versus Q1. Appreciate you guys have cited some compression in certain CX components, clearly highlighting this longer term opportunity, especially as customers scale with AI. Could you just kind of frame the near term proportion of cloud ARR that is exposed to some of this compression and maybe some of those milestones that would indicate that NRR has reached a trough before we can get to the opportunity to start to re-improve. Thank you.

Beth Gaspich

Thank you for the question. The cloud NRR, the NRR generally, was as anticipated for the quarter. It was really just a modest change from what we saw in the first quarter at 106% NRR. It's really directly tied to what you started your question with, which was the strategic renewal opportunities that we addressed last quarter. That was expected and really anticipated in what we've shown here.

Elizabeth Porter

Great. Thank you.

Operator

Your next question comes from the line of Catharine Trebnick with Rosenblatt Securities. Please go ahead.

Catharine Trebnick

Yeah. Thanks for taking my question. You mentioned the ACV from the GSI partners was multiple times higher year-over-year, and you featured Capgemini, which I think is a new GSI partner. At NICE World, you had two GSI sponsors that you hadn't had in the past. The question is, what are they offering with NICE that can't be replicated from competing platforms? Is that a durable differentiation? Anything else you can unpack about how these partnerships are really helping you out with the larger opportunities? Thank you.

Scott Russell

Yeah, it's a great question. Maybe just a bit of context and history. If you remember, I guess last year, I spoke a lot about the importance of strategic partnerships, and you probably would've noticed I placed an enormous amount of attention on technology partnerships. Whether it be with AWS, with ServiceNow, with Salesforce, with RingCentral, and many other technology partners. I indicated that we were also now really leaning into our GSI partnerships. It takes a bit of time for that to bear fruit. Why? Because we have to invest in a lot of effort. We've got a record number of certified and trained NICE Cognigy and NICE consultants now within our GSI partner ecosystem. We've built a go-to-market platform which we can now really target and pursue and build out.

Scott Russell

They see a durable growth opportunity for them because they see the same demand signals as we do. We put in place a new chief partner officer under our COO, Arun, to really drive this engagement. A lot of work and effort has been building upon this, which has led to the results that you saw in Q2, which was great record wins. Whether it be at the HMRC with Capgemini, the healthcare opportunity with Accenture, and many others. What do we expect from here? The beauty of the GSI ecosystem is once they've got scale of capability and they've got repeatable assets that they build around our technology stack, they will then scale it both from a go-to-market and from an execution. I see multiple advantages, and I'm excited about it, as you can probably hear in my voice.

Scott Russell

The first is they expand our reach into the market without being dependent on our own go-to-market sellers. We get a better reach into because they have relationships beyond the CX space in all of these enterprise customers. Secondly, they have deep industry expertise that really complement our strong technology stack. We get win-win, and that's why healthcare, public sector, insurance, banking, we're able to provide a more nuanced and detailed capability that combines those together.

Scott Russell

Last but not least is they help us innovate. What they were able to do is the speed of innovation that we now see with our full deployed engineers, combined with our GSI partners, is we're able to innovate with rapid prototyping that we can do. We bring that back into product. They really do give us expansion and scale. We've only scratched the surface. I think you'll continue to see the impact of that. Ultimately, it's a key driver for us on that long-term growth and the outlook that we provided, which is exciting. Hopefully, that gives some context.

Operator

That concludes our question and answer session. I will now turn the call back over to Scott Russell for closing remarks.

Scott Russell

Thank you, operator. Look, I think as closing, I just want to recap on where we see the quarter and where we see the outlook. At the beginning of the year or as was referenced on this call, we talked about investing in international markets. It's a winner. We invested in strategic partnerships. It's a winner. We invested in an AI capability that is best in class. It's a winner.

Scott Russell

We talked about integrating into a single native platform on CXone. It's a winner. It's ahead of schedule. We talked about then driving durable growth and then starting to re-accelerate margins as we're able to then capitalize on this opportunity. We're on track. We feel really good about what we delivered, but more importantly, where we're going. Yes, it's a competitive, interesting market, but we're well-positioned, and we have a unique strategy compared to others. Appreciate the time today and look forward to further engagement. Thanks, everybody.

Operator

Ladies and gentlemen, this concludes today's call. Thank you all for joining. You may now disconnect.

Investor releaseQuarter not tagged2026-07-22

NiCE Provides Webcast and Dial-in Details for its Second Quarter 2026 Results Teleconference

Business Wire

HOBOKEN, N.J., July 22, 2026--(BUSINESS WIRE)--NiCE (Nasdaq: NICE) will announce its second quarter 2026 results on Wednesday, August 5, 2026, before the opening of the NASDAQ Stock Exchange.Later that day, management will host a conference call to discuss the results. 8:30 AM - Eastern1:30 PM - UK3:30 PM - Israel The call will be webcast live on the Company's website at https://www.nice.com/company/investors/ir-events. Please register with the relevant link for either the webcast or dial-in on our IR Events page. Kind Regards,NiCE Investor Relations About NiCENiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE’s platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes. Trademark Note: NiCE and the NiCE logo are trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE's marks, please see: www.nice.com/nice-trademarks. View source version on businesswire.com: https://www.businesswire.com/news/home/20260722402522/en/ Contacts Investor Relations Contact Ryan Gilligan, +1-551-417-2531, [email protected], ETOmri Arens, +972-3-763-0127, [email protected], CET Corporate Media Contact Christopher Irwin-Dudek, 201-561-4442, [email protected], ET

Investor releaseQuarter not tagged2026-06-10

Why Is Rigetti Computing (RGTI) Up 3.3% Since Last Earnings Report?

Zacks
It has been about a month since the last earnings report for Rigetti Computing, Inc. (RGTI). Shares have added about 3.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Rigetti Computing due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Rigetti reported first-quarter 2026 adjusted loss per share of 4 cents, narrower than the loss per share of 8 cents in the prior-year quarter. The metric also surpassed the Zacks Consensus Estimate of earnings by 20%. GAAP loss per share in the reported quarter was 6 cents against the earnings per share of 13 cents in the prior-year quarter. The company reported total revenues of $4.4 million, up 198.9% year over year. The top line surpassed the Zacks Consensus Estimate by 35.6%. Rigetti’s first-quarter 2026 revenues were driven primarily by higher sales of its on-premises Novera quantum systems and broader customer adoption across academic, government and research institutions. The commercial rollout of its 108-qubit Cepheus-1-108Q system across major cloud platforms also supported top-line growth. In the quarter under review, RGTI’s gross profit improved 211.8% year over year to $1.4 million. The gross margin expanded 130 basis points to 31.3%. Selling, general and administrative expenses increased 11.4% year over year to $7.4 million. Research and development expenses increased 29.1% year over year to $19.9 million. Total operating expenses of $27.3 million increased 23.8% year over year. Operating loss for the quarter under review totaled $25.9 million compared with $21.6 million in the prior-year quarter. RGTI exited the first quarter of 2026 with cash, cash equivalents and short-term available-for-sale investments of $418.2 million compared with $443.5 million at the end of the fourth quarter of 2025. The company ended the quarter with no debts on its balance sheet. Net cash used in operating activities at the end of the first quarter was $16.2 million compared with $13.7 million a year ago. Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions. The consensus estimate has shifted -37.5% due to these changes. Currently, Rigett…Read full document

It has been about a month since the last earnings report for Rigetti Computing, Inc. (RGTI). Shares have added about 3.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Rigetti Computing due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Rigetti reported first-quarter 2026 adjusted loss per share of 4 cents, narrower than the loss per share of 8 cents in the prior-year quarter. The metric also surpassed the Zacks Consensus Estimate of earnings by 20%. GAAP loss per share in the reported quarter was 6 cents against the earnings per share of 13 cents in the prior-year quarter. The company reported total revenues of $4.4 million, up 198.9% year over year. The top line surpassed the Zacks Consensus Estimate by 35.6%. Rigetti’s first-quarter 2026 revenues were driven primarily by higher sales of its on-premises Novera quantum systems and broader customer adoption across academic, government and research institutions. The commercial rollout of its 108-qubit Cepheus-1-108Q system across major cloud platforms also supported top-line growth. In the quarter under review, RGTI’s gross profit improved 211.8% year over year to $1.4 million. The gross margin expanded 130 basis points to 31.3%. Selling, general and administrative expenses increased 11.4% year over year to $7.4 million. Research and development expenses increased 29.1% year over year to $19.9 million. Total operating expenses of $27.3 million increased 23.8% year over year. Operating loss for the quarter under review totaled $25.9 million compared with $21.6 million in the prior-year quarter. RGTI exited the first quarter of 2026 with cash, cash equivalents and short-term available-for-sale investments of $418.2 million compared with $443.5 million at the end of the fourth quarter of 2025. The company ended the quarter with no debts on its balance sheet. Net cash used in operating activities at the end of the first quarter was $16.2 million compared with $13.7 million a year ago. Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions. The consensus estimate has shifted -37.5% due to these changes. Currently, Rigetti Computing has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. However, the stock was allocated a score of F on the value side, putting it in the lowest quintile for value investors. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Rigetti Computing has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Rigetti Computing belongs to the Zacks Internet - Software industry. Another stock from the same industry, Nice (NICE), has gained 2.2% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026. Nice reported revenues of $768.62 million in the last reported quarter, representing a year-over-year change of +9.8%. EPS of $2.64 for the same period compares with $2.87 a year ago. Nice is expected to post earnings of $2.63 per share for the current quarter, representing a year-over-year change of -12.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.7%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Nice. Also, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report Nice (NICE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-05-08

NICE Q1 Earnings Beat Estimates on Strong Cloud Revenues, Shares Up

Zacks
Nice NICE reported first-quarter 2026 non-GAAP earnings of $2.64 per share, down 8.0% year over year but beat the Zacks Consensus Estimate by 4.66%. Revenues grew 9.8% from the year-ago period to $768.6 million and surpassed the consensus mark by 0.99%. The uptick was primarily driven by the continued strength in its cloud business and the ongoing AI momentum. Revenues in the Americas were $625 million, up 6% year over year. The same in EMEA was $99 million in the reported quarter, up 34% year over year. APAC revenues increased 23% year over year to $44 million. NICE shares have gained 2.04% in the pre-market trading. Nice price-consensus-eps-surprise-chart | Nice Quote NICE generated cloud revenues of $603.4 million, which represented 79% of total revenue for the quarter. The company’s cloud growth was 14.6%, up year over year, reflecting continued adoption of CXone and expanding AI-driven use cases. Within the cloud, management highlighted that AI remained a central growth lever. AI ARR was included in 100% of CXone enterprise deals during the quarter, signaling that AI is moving from add-on to standard buying behavior across larger customers. AI & self-service ARR jumped 66% year over year to $345 million, underscoring demand for NICE’s AI-native CX platform. Nice reported services revenues of $124.0 million (16.1% of revenues), down 11.6% year over year. The decline was due to ongoing migration away from on-premise deployments, which reduces legacy service activity as customers transition to the cloud. Product revenue rose 22.6% year over year to $41.3 million. Product revenue contributed 5.4% of revenues in the reported quarter. The increase was driven by strength in the financial crime and compliance business, which benefited from premise-based term renewals alongside continued cloud expansion in the segment. NICE’s Customer Engagement segment delivered revenues of $636 million, up 7% year over year. Growth was fueled by double-digit cloud gains that more than offset reductions in on-premise product and services revenue tied to the legacy base. Financial Crime and Compliance revenue was $133 million, rising 23% year over year. Management attributed the performance to strong premise-based term renewals with large global financial institutions, reinforcing retention strength in the installed base while cloud offerings continue to scale. On a non-GAAP bas…Read full document

Nice NICE reported first-quarter 2026 non-GAAP earnings of $2.64 per share, down 8.0% year over year but beat the Zacks Consensus Estimate by 4.66%. Revenues grew 9.8% from the year-ago period to $768.6 million and surpassed the consensus mark by 0.99%. The uptick was primarily driven by the continued strength in its cloud business and the ongoing AI momentum. Revenues in the Americas were $625 million, up 6% year over year. The same in EMEA was $99 million in the reported quarter, up 34% year over year. APAC revenues increased 23% year over year to $44 million. NICE shares have gained 2.04% in the pre-market trading. Nice price-consensus-eps-surprise-chart | Nice Quote NICE generated cloud revenues of $603.4 million, which represented 79% of total revenue for the quarter. The company’s cloud growth was 14.6%, up year over year, reflecting continued adoption of CXone and expanding AI-driven use cases. Within the cloud, management highlighted that AI remained a central growth lever. AI ARR was included in 100% of CXone enterprise deals during the quarter, signaling that AI is moving from add-on to standard buying behavior across larger customers. AI & self-service ARR jumped 66% year over year to $345 million, underscoring demand for NICE’s AI-native CX platform. Nice reported services revenues of $124.0 million (16.1% of revenues), down 11.6% year over year. The decline was due to ongoing migration away from on-premise deployments, which reduces legacy service activity as customers transition to the cloud. Product revenue rose 22.6% year over year to $41.3 million. Product revenue contributed 5.4% of revenues in the reported quarter. The increase was driven by strength in the financial crime and compliance business, which benefited from premise-based term renewals alongside continued cloud expansion in the segment. NICE’s Customer Engagement segment delivered revenues of $636 million, up 7% year over year. Growth was fueled by double-digit cloud gains that more than offset reductions in on-premise product and services revenue tied to the legacy base. Financial Crime and Compliance revenue was $133 million, rising 23% year over year. Management attributed the performance to strong premise-based term renewals with large global financial institutions, reinforcing retention strength in the installed base while cloud offerings continue to scale. On a non-GAAP basis, gross margin was 68.4% compared with 69.9% a year ago. Management framed the margin pressure as a result of deliberate, time-bound investments to scale global cloud infrastructure and support higher AI workloads. Research and development expenses, as a percentage of revenues, were flat year over year to 12.7%. Sales and marketing expenses, as a percentage of revenues, fell 100 bps year over year to 24.1%. General and administrative expenses, as a percentage of revenues, increased 120 bps year over year to 11.1%. On a non-GAAP basis, operating expenses, as a percentage of revenues, contracted 300 bps year over year to 42.4%. The non-GAAP operating margin contracted 450 bps on a year-over-year basis to 26%. The non-GAAP EBITDA margin contracted 450 bps to 29.1%. As of March 31, 2026, NICE had cash and cash equivalents (including short-term investments) of $304.1 million compared with $417.4 million as of Dec. 31, 2025. In the reported quarter, there was no outstanding debt. Operating cash flow was $179.2 million in the reported quarter, while free cash flow totaled $148.8 million. The company also repurchased $253.3 million of shares in the quarter, reflecting an ongoing commitment to return capital alongside investment in growth initiatives. For the second quarter of 2026, Nice expects non-GAAP revenues in the range of $761 million to $771 million and non-GAAP earnings of $2.60 to $2.70 per share. For 2026, NICE reiterated non-GAAP revenue guidance of $3.170 billion to $3.190 billion, and raised non-GAAP EPS guidance to $10.98-$11.18. Management also reiterated that cloud revenue growth is expected to be within the 13%-15% range for 2026, with some near-term variability tied to renewal-related commercial actions that are designed to secure longer-term AI commitments. Nice currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the broader Zacks Computer and Technology sector include Analog Devices ADI, Applied Materials AMAT and Audioeye AEYE. Each stock currently carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of Analog Devices have gained 53.3% in the year-to-date period. Analog Devices is set to report the second quarter of fiscal 2026 results on May 20. Applied Materials shares have gained 66.8% in the year-to-date period. Applied Materials is scheduled to report its second-quarter 2026 results on May 14. Audioeye shares have lost 23.3% in the year-to-date period. Audioeye is set to report its first-quarter 2026 results on May 13. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Nice (NICE) : Free Stock Analysis Report Audioeye, Inc. (AEYE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

As of 2026-09-05 • Updated weeklySource: Earnings sourceIngestion runbook