DocuSign reported second quarter 2027 revenue of $875.7 million, exceeding analyst estimates and representing a 9% year-over-year increase. Non-GAAP diluted EPS reached $1.16, comfortably beating the $1.08 forecast. The company's strategic pivot toward its AI-native Intelligent Agreement Management (IAM) platform showed measurable progress, contributing to a guidance raise for the full fiscal year.
Key Highlights
- Intelligent Agreement Management (IAM) reached 15.1% of total Annual Recurring Revenue (ARR) as of July 31, 2026, up from 12.6% in the prior quarter.
- Non-GAAP operating margin expanded to 31.6% compared to 29.8% in the same period last year, demonstrating continued bottom-line discipline.
- Free cash flow generation remained robust at $295.8 million, representing a 34% margin compared to 27% in the prior year period.
- Management increased fiscal year 2027 revenue guidance to a range of $3.499 billion to $3.507 billion, up from previous projections.