Docusign Stock Rallies After Strong Q2 Earnings Report

Core Insights - DocuSign reported strong Q2 results with earnings of 92 cents per share, exceeding the consensus estimate of 84 cents [1] - Quarterly revenue reached $800.64 million, surpassing the Street estimate of $780.24 million and increasing from $736.03 million year-over-year [1][4] - The company raised its fiscal 2026 revenue outlook to between $3.19 billion and $3.2 billion, compared to the previous estimate of $3.16 billion [3] Financial Highlights - Subscription revenue was $784.4 million, reflecting a 9% year-over-year increase [4] - Professional services and other revenue totaled $16.2 million, showing a 13% year-over-year decrease [4] - Billings amounted to $818.0 million, a 13% year-over-year increase, with approximately 1% positive impact from foreign currency exchange rates [4] - Non-GAAP gross margin was 82%, slightly down from 82.2% in the same period last year [4] Management Commentary - CEO Allan Thygesen highlighted that Q2 was an outstanding quarter driven by AI innovation and go-to-market changes, leading to strong performance across eSignature, CLM, and IAM businesses [2] - Thygesen noted that the business results outperformed expectations, marking one of DocuSign's highest growth and profitability quarters in recent years [2]