DocuSign Stock Surges After Strong Q2 Results and Upbeat Guidance

SAN FRANCISCO, Sept. 4, 2025 - Shares of DocuSign, Inc. (NASDAQ: DOCU) leapt more than 8% in after-hours trading following the release of its second-quarter fiscal 2026 earnings, which handily exceeded Wall Street expectations and prompted management to raise its full-year revenue forecast.

DocuSign reported Q2 revenue of $800.6 million, up 9% year-over-year and topping analyst estimates of $780.9 million by 2.5%. Non-GAAP earnings per share came in at $0.92, beating consensus by 8.6%. Billings, a key forward-looking metric, climbed 13% to $818 million, driven by robust growth across its eSignature, Contract Lifecycle Management (CLM), and Intelligent Agreement Management (IAM) offerings.

CEO Allan Thygesen attributed the outperformance to the rollout of AI-powered enhancements-such as Agreement Preparation and Custom Extractions in Navigator-and shifts in go-to-market strategy that have accelerated adoption across enterprise customers. “Q2 was a remarkable quarter, with innovations in AI and recent go-to-market strategies contributing to impressive results,” he said.

Buoyed by the strong quarter, DocuSign raised its full-year revenue guidance to a midpoint of $3.20 billion, 1.2% above prior forecasts, and projects Q3 revenue of approximately $807 million, representing year-over-year growth of roughly 7%.

Investor sentiment turned bullish, sending DOCU up over 8.7% immediately after the earnings release, and cementing one of the company’s highest growth and profitability quarters in recent years.