Tiffany Hagler-Geard | Bloomberg | Getty Images
DocuSign’s shares fell over 18% on Friday, following the release of earnings that surpassed expectations but included a reduced project for future billings.
Here’s a comparison of the company’s first-quarter fiscal results with analyst estimates from LSEG:
- Earnings per share: 90 cents adjusted, while 81 cents was anticipated
- Revenue: $764 million versus an expected $748 million
Billings, a key sales indicator, reached $739.6 million during the first fiscal quarter, which ended on April 30. This number was below the $746 million analysts predicted and also missed the company’s own forecast of $741 million to $751 million.
Looking ahead, DocuSign now anticipates billings for the current fiscal year to be between $3.28 billion and $3.34 billion, a decrease from their previous estimate of $3.3 billion to $3.35 billion.
During the first quarter of DocuSign’s fiscal 2026, revenue rose by 8% year-over-year, reaching $764 million. Subscription revenue was also up by 8%, totaling $746.2 million compared to the same quarter last year.
The company recorded a net income of $72.1 million, which equates to 34 cents per share, up from $33.8 million or 16 cents per share from the year prior.
For the second fiscal quarter, revenue is projected to fall between $777 million and $781 million, compared to the consensus estimate of $775 million according to LSEG. Full-year revenue is anticipated to be between $3.15 billion and $3.16 billion, which is slightly above the analysts’ expectation of $3.14 billion, as per LSEG.
Additionally, DocuSign announced a new $1 billion stock buyback, increasing its total repurchase plan to $1.4 billion.
Year-to-date, DocuSign shares have declined by over 16%.
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