Docusign, Inc. · 2027 Q2
ReportsSep 3, 2026
SlotAfter Market Close
Results are out
This quarter has reported. The consensus below is what we expected going in.
What the Street expects
EPS · NON-GAAP
$1.09
Range $1.08 to $1.09 per share across feeds
QoQ+0.0%
YoY+18.5%
Revenue
$867.16M
Guided $865-869M
QoQ+4.5%
YoY+8.3%
QoQ and YoY are what the consensus implies against the prior quarter and the prior year.
Also on the card
Consensus source
Seeking Alpha average $1.09 on $867.16M (2 Sep 2026); Zacks $1.08 on $866.4M
Company guidance
Q2 revenue $865-869M (+8% YoY), non-GAAP operating margin 29.7-30.2%, 191-196M diluted shares (4 Jun 2026)
FY2027 guidance
Revenue $3,490-3,502M (+9%), ARR growth 8.25-8.75%, non-GAAP operating margin 30.5-31.0%
Basis
Non-GAAP diluted EPS; GAAP was $0.40 in Q1 FY2027 and $0.34 a year ago
Prior quarter
Non-GAAP EPS $1.09, revenue $830.2M (+9%), IAM 12.6% of ARR, free cash flow $289.4M
Sequential
The consensus is the $1.09 Docusign reported in April, to the cent
Other feed
Nasdaq/Zacks forward figure $0.44 is not the company non-GAAP basis
What to watch
- Revenue against the guided $865–869 million, and the full-year $3,490–3,502 million. The quarter is close to pre-announced; the full-year number is where a raise or a trim would land.
- The ARR growth rate against the guided 8.25–8.75% band, and IAM's share of ARR against 12.6%. This is the only place a reacceleration can appear before revenue.
- Non-GAAP operating margin against the guided 29.7–30.2%, and against the full-year 30.5–31.0% — the year guide is above the quarter guide, so the second half has to carry it.
- The diluted share count against the guided 191–196 million, and repurchases against $317.5 million. On the arithmetic above, this is where most of the per-share growth comes from.
- Free cash flow against $217.6 million and a 27.2% margin in the July quarter a year ago. The seasonal trough; judge it against last July, not against April.
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2025 Q3 | — | $0.30 | — |
| 2025 Q4 | — | $0.39 | — |
| 2026 Q1 | — | $0.34 | — |
| 2026 Q2 | — | $0.30 | — |
| 2026 Q3 | — | $0.40 | — |
| 2026 Q4 | — | $0.44 | — |
| 2027 Q1 | — | $0.40 | — |
| 2027 Q2 | $1.09 | $1.16 | +6% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Every quarter
Read the full preview → 2027 Q2 release page View DOCU stock page