DocuSign shares fall despite Q1 beat as guidance disappoints investors

Proactive

Fri, June 5, 2026 astatine 9:35 AM CDT 1 min read

DocuSign Inc (NASDAQ:DOCU) shares fell astir 5% connected Friday aft the physics signature institution reported first-quarter results that topped expert estimates but offered full-year guidance that failed to impressment investors.

The San Francisco-based institution posted Q1 fiscal 2027 gross of $830.2 million, supra the $823.23 cardinal statement estimation and up 9% from a twelvemonth earlier. Adjusted net per stock came successful astatine $1.09, beating the $1 estimate.

Despite the net beat, shares declined 4.9% successful Friday greeting trading.

For the afloat fiscal year, DocuSign guided gross of $3.49 cardinal to $3.502 billion, astir successful enactment with the $3.49 cardinal expert consensus, representing 9% yearly growth. The institution projected non-GAAP operating borderline of 30.5% to 31% and non-GAAP gross borderline of 81.5% to 82%.

Second-quarter gross guidance of $865 cardinal to $869 million, against a statement estimation of $866 million, implied 8% year-over-year growth.

DocuSign reported escaped currency travel of $289.4 cardinal for the quarter, with operating currency travel of $321.7 million. The institution returned $317.5 cardinal to shareholders done buybacks and held $1.0 cardinal successful cash, equivalents and investments astatine quarter-end.

The company's Intelligent Agreement Management level continued to summation traction, with IAM present representing 12.6% of yearly recurring revenue, up from 10.8% the anterior quarter. Some 40,000 customers are present investing successful the IAM roadmap.

DocuSign besides named Graham Sheldon arsenic incoming main merchandise officer.