Companies /Technology

NICE Ltd

NASDAQ: NICE Software - Application
$108.31
▲ $1.45 (+1.36%) today
Markets closed · 5:49pm ET

Q2 2026 Earnings

Reported Aug 5, 2026, 8:27am ET · SEC source
$2.70
Beat +2.26%
EPS · est. $2.64
$782.3M
Beat +2.09%
Revenue · est. $766.3M
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%Aug 5Aug 6report 8:27am ETearnings−0.8%+0.8%
0+4%+8%Aug 5Aug 6earnings−0.8%+0.8%
NICE +0.8%S&P 500 −0.8%
0+4%+8%Aug 5Aug 6report 8:27am ETearnings−1.3%+0.8%
0+4%+8%Aug 5Aug 6earnings−1.3%+0.8%
NICE +0.8%NASDAQ −1.3%
0+4%+8%Aug 4Aug 13report 8:27am ETearnings+0.4%+4.1%
0+4%+8%Aug 4Aug 13earnings+0.4%+4.1%
NICE +4.1%S&P 500 +0.4%
0+4%+8%Aug 4Aug 13report 8:27am ETearnings+0.9%+4.1%
0+4%+8%Aug 4Aug 13earnings+0.9%+4.1%
NICE +4.1%NASDAQ +0.9%
−3.81%
Day of report
−2.25%
Next session
−0.80%
One week

Did NICE Beat Earnings? Q2 2026 Results

NICE Ltd. delivered a clean beat across the board in Q2 2026, with revenue of $782.29 million growing 7.7% year over year and non-GAAP diluted EPS of $2.70 clearing the $2.64 consensus by 2.26%, extending the company's streak of beating EPS estimates to five consecutive quarters. The primary engine behind the top-line strength was cloud, where $609.05 million in revenue grew 12.6% year over year, fueled by what management described as record new cloud ACV bookings and accelerating AI adoption; AI annualized recurring revenue reached $362.00 million, now representing 15% of cloud revenue as enterprises shift from experimentation to live production deployments of the company's agentic AI capabilities. Operating cash flow more than doubled to $122.66 million from $61.32 million a year ago, offering a counterweight to margin pressure that pushed non-GAAP operating margin to 25.3% from 30.2%. Analysts covering the stock have maintained a bullish tilt, with price targets reaching as high as $131.08. Looking ahead, NICE guided Q3 revenue to $780.00 million to $790.00 million and raised full-year non-GAAP EPS guidance to $11.06 to $11.26, while reiterating full-year revenue of $3.17 billion to $3.19 billion.

Key Takeaways
  • 12.6% YoY cloud revenue growth driving overall revenue increase
  • International revenue increased 22% YoY (21% in constant currency)
  • Record Q2 for new cloud ACV bookings
  • All-time record quarter for AI bookings
  • AI ARR reached $362 million, representing 15% of cloud revenue

“We executed well in the second quarter, delivering revenue above the high-end of our guidance range and reaching the high-end of our non-GAAP EPS range. Underlying demand trends across our business continued to gain momentum during the second quarter as organizations increasingly consolidate their customer engagement needs on our AI-native CXone platform. This drove a record second quarter for new cloud ACV bookings, including an all-time record quarter for AI bookings with strong momentum at NiCE Cognigy. AI continues to become a more meaningful contributor to our business, with AI ARR reaching $362 million and now representing 15% of our cloud revenue. We are still in the early stages of a much broader AI adoption cycle across our customer base.”

NICE CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2026, NiCE expects non-GAAP total revenues of $780M–$790M (7.2% YoY growth at midpoint) and non-GAAP diluted EPS of $2.73–$2.83. For full-year 2026, the company reiterated revenue guidance of $3,170M–$3,190M (approximately 8% YoY growth at midpoint) and raised non-GAAP diluted EPS guidance to $11.06–$11.26. Full-year cloud revenue growth is expected at 13%–15% YoY.

NICE YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$300.0M$600.0M$726.7M$782.3MRevenue$485.1M$501.0MGross Profit$160.6M$104.0MOperating Income$187.4M$83.2MNet Income
$0$300.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

NICE Revenue by Segment

Cloud$609.0M+12.6%
Services$124.6M−11.3%
Product$48.6M+7.0%

Figures from SEC filings and company reports. Not investment advice.