nCino reported a solid Q2 FY2026, delivering 12% year-over-year revenue growth to $148.8 million with subscription revenue up 15% YoY to $130.8 million (10% organic). Non-GAAP operating income was $30.0 million, representing 20% of total revenues, and the company ended the quarter with a strong cash position ($123.2 million) and disciplined capital allocation, including a $20 million share repurchase in Q2 and a total of ~2.6 million shares repurchased year-to-date. Management highlighted momentum across core product lines (Commercial loan origination, onboarding, and mortgage) and accelerated AI initiatives (Banking Adviser) as key differentiators, while continuing to migrate customers to platform-based pricing (approximately 21% of ACV converted so far). The company raised forward guidance for 2026, reflecting confidence in strong pipeline activity, ongoing AI-driven adoption, and higher mortgage-commercial mix. Executive commentary emphasized a robust cross-sell environment in the US and Europe, plus the early-stage but meaningful AI moat that is translating into better deal flow and larger ACV commitments.