DocuSign Stock Plummets After Q1 Earnings Report: Details

Financial Performance - DocuSign reported quarterly earnings of 90 cents per share, exceeding the analyst consensus estimate of 81 cents [1] - Quarterly revenue was $763.7 million, surpassing the Street estimate of $748.13 million [1] - Subscription revenue reached $746.2 million, reflecting an 8% year-over-year increase [4] - Professional services and other revenue were $17.5 million, showing a 4% year-over-year decrease [4] - Non-GAAP gross margin was 82.3%, compared to 82% in the same period last year [4] - Billings amounted to $739.6 million, marking a 4% year-over-year increase [4] Strategic Initiatives - The company announced a $1 billion increase to its share purchase program [1] - CEO Allan Thygesen highlighted the importance of Q1 for DocuSign's long-term transformation, noting the achievement of surpassing 10,000 Intelligent Agreement Management customers [2] Future Outlook - DocuSign anticipates second-quarter revenue in the range of $777 million to $781 million, compared to the $774.75 million estimate [3] - The company raised its fiscal 2026 revenue outlook to a range of $3.15 billion to $3.16 billion, versus the $3.14 billion estimate [3] Market Reaction - Following the earnings report, DocuSign stock was down 14.97% at $78.99 during extended trading [3]