NiCE (NASDAQ:NICE) Announces Quarterly Earnings Results

NiCE (NASDAQ:NICE) issued its quarterly earnings results on Wednesday. The technology company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.07, FiscalAI reports. The business had revenue of $782.29 million for the quarter, compared to analyst estimates of $766.27 million. NiCE had a net margin of 13.86% and a return on equity of 15.43%. NiCE’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.01 EPS. NiCE updated its FY 2026 guidance to 11.060-11.260 EPS and its Q3 2026 guidance to 2.730-2.830 EPS.

Here are the key takeaways from NiCE’s conference call:

• Q2 revenue exceeded expectations at $782 million, up 8% year over year, while non-GAAP EPS of $2.70 reached the high end of guidance.
• Cloud and AI momentum remained strong, with cloud revenue up 12.6%, AI ARR up 52%, cloud backlog up 19%, and AI backlog up 72%; the company also reported record AI bookings and major eight-figure enterprise wins, including HMRC.
• NICE reiterated its full-year revenue outlook and raised 2026 EPS guidance to $11.06-$11.26, reflecting expectations for operating margins at the high end of the previously stated 25%-26% range. Management also reaffirmed its medium-term growth targets.
• Management acknowledged a lag between strong AI bookings and revenue recognition as large customers take time to prepare data governance and operating models for production deployments. Cloud net revenue retention was 106%, reflecting the impact of targeted strategic renewals and some customer migration dynamics.
• International revenue was a major growth driver, particularly in EMEIA, while legacy services revenue declined 11% as customers migrate from on-premise deployments to the cloud; stronger-than-expected on-premise demand in some non-CX businesses may create near-term mix and timing variability.

NiCE Stock Performance

Shares of NiCE stock traded up $4.74 during trading on Friday, hitting $101.85. 552,521 shares of the company’s stock were exchanged, compared to its average volume of 744,997. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.03 and a beta of 0.74. The business has a 50-day simple moving average of $94.21 and a 200-day simple moving average of $102.98. NiCE has a 52-week low of $83.10 and a 52-week high of $153.68.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup reissued a “neutral” rating on shares of NiCE in a research report on Thursday. Wedbush lowered their price target on NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of NiCE in a research note on Thursday. Morgan Stanley cut their price objective on NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NiCE presently has a consensus rating of “Hold” and an average price target of $129.50.

Institutional Investors Weigh In On NiCE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RPD Fund Management LLC acquired a new stake in shares of NiCE in the fourth quarter valued at about $100,154,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of NiCE during the 3rd quarter worth about $88,599,000. Lazard Asset Management LLC raised its position in shares of NiCE by 32.0% during the 4th quarter. Lazard Asset Management LLC now owns 897,445 shares of the technology company’s stock worth $101,447,000 after purchasing an additional 217,673 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in NiCE in the 4th quarter valued at about $19,949,000. Finally, Neuberger Berman Group LLC boosted its holdings in NiCE by 13.7% in the 4th quarter. Neuberger Berman Group LLC now owns 961,146 shares of the technology company’s stock worth $108,648,000 after buying an additional 115,526 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.