DocuSign Inc. reported its fiscal first-quarter 2026 earnings with revenue of $763.7 million, representing an 8% year-over-year increase and exceeding the consensus estimate of $748.1 million. Adjusted earnings per share (EPS) came in at $0.90, surpassing the expected $0.81. Subscription revenue rose 8% to $746.2 million, while net income more than doubled to $72.1 million. The company highlighted that over 10,000 customers are now using its Intelligent Agreement Management platform. For the second quarter, DocuSign provided revenue guidance between $777 million and $781 million, slightly above the consensus estimate of $774.5 million. However, the company lowered its billings outlook, projecting billings of $757 million to $767 million, which was below analyst expectations. This cautious billings forecast led to a sharp decline in DocuSign's stock price, falling approximately 18% following the earnings release. Analysts noted that the billings shortfall was driven by fewer early renewals than anticipated, prompting a reduction in fiscal 2026 billings growth expectations despite positive operational metrics. Despite the stock drop, some commentary suggested that DocuSign's outlook shows acceleration compared to the previous year.