NICE Ltd.
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Range $100 – $130
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About the company
NICE Ltd. , together with its subsidiaries, provides AI-powered cloud platforms for customer engagement, and financial crime and compliance in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Customer Engagement; and Financial Crime and Compliance.
- CEO
- Scott Edward Russell
- IPO
- 1996
- Employees
- 9,626
- HQ
- Ra'anana, HM, IL
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $5.91B
- P/E
- 14.18
- Fwd P/E
- 9.02
- PEG
- -0.80
- P/S
- 1.88
- P/B
- 1.55
- EV/EBITDA
- 6.84
- Div Yield
- 0.00%
- Gross Margin
- 65.12%
- Op Margin
- 18.52%
- Net Margin
- 13.89%
- ROE
- 11.28%
- ROIC
- 9.76%
Latest fiscal year · YoY change
- Revenue
- $2.95B+7.7%
- Gross Profit
- $1.96B+7.1%
- Op Income
- $645.76M
- Net Income
- $612.10M+38.3%
- EPS
- $9.82+40.9%
- OCF Growth
- -13.3%
- FCF Growth
- -4.1%
- 52W High
- $153.68
- 52W Low
- $83.10
- 50D MA
- $95.55
- 200D MA
- $106.09
- Beta
- 0.04
- RSI (14)
- 52
- Avg Volume
- 658.72K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
NICE delivered Q2 results above guidance, with strong cloud and AI bookings, record backlog, and raised full-year EPS guidance while reiterating revenue outlook.· August 5, 2026
- Q2 revenue was $782 million, up 8% year over year, and non-GAAP EPS was $2.70, both at or above the high end of guidance.
- Cloud revenue grew 12.6% year over year to $609 million, aided by Cognigy, while CX AI and Self-Service ARR reached $362 million, up 52%.
- Backlog and bookings were strong: cloud backlog rose 19% year over year, AI backlog rose 72%, and management said Q2 was a record quarter for AI bookings.
- Full-year 2026 revenue guidance was reiterated at $3.170 billion to $3.190 billion, while EPS guidance was raised to $11.06 to $11.26.
- Management said AI monetization can lag bookings because many customers are still preparing data, governance, and operating models before scaling deployments.
Total revenue for Q2 2026 was $782 million, up 8% year over year. Non-GAAP EPS was $2.70, and operating margin was 25.3% on operating income of $198 million. Cloud revenue was $609 million, up 12.6% year over year, and CX AI and Self-Service ARR was $362 million, up 52% year over year. Gross margin was 68.4%, with cloud gross margin at 69%, up 40 basis points year over year. Services revenue was $125 million, down 11% year over year, and product revenue was $49 million, up 7% year over year. For guidance, NICE expects full-year 2026 revenue of $3.170 billion to $3.190 billion, cloud revenue growth of 13% to 15%, Q3 revenue of $780 million to $790 million, and Q3 EPS of $2.73 to $2.83. Full-year EPS is now expected to be $11.06 to $11.26, and the company still expects to finish the year at the higher end of its 18% to 19% free cash flow margin range.
Scott Russell framed the quarter as evidence that NICE is strengthening its leadership in CX AI, saying the company is still in the early stages of a larger growth opportunity. His message centered on a single, natively integrated CX AI platform, with Cognigy now fully native to CXone ahead of schedule and AI increasingly embedded in enterprise deals. He sounded confident and upbeat, emphasizing record bookings, strong partner momentum, and what he called durable differentiation in mission-critical, production-scale deployments.
Beth Gaspich focused on execution against the plan and highlighted that Q2 revenue and EPS came in at the high end of expectations. She pointed to gross margin of 68.4%, cloud gross margin of 69%, operating cash flow of $123 million, free cash flow of $93 million, and $355 million in cash and short-term investments. She also noted $58 million of share repurchases in the quarter and $311 million repurchased year to date, while reiterating confidence in full-year free cash flow margins at the higher end of the 18% to 19% range.
Analysts focused on the gap between strong bookings and slower near-term revenue/ARR conversion, especially in AI, and management said that timing reflects customer preparation for production deployments rather than demand weakness. Scott Russell said the strategic renewals and discounts were targeted commercial decisions, not a broad change in approach, and Beth Gaspich said the modest NRR change to 106% was expected. Questions also pushed on competition from AI-native vendors and the role of partners like RingCentral and GSIs; management argued NICE wins by combining AI, CCaaS, and workforce capabilities on one platform, while still interoperating with other systems. Beth Gaspich confirmed the company is still standing with the medium-term targets previously communicated, including the $3.5 billion 2028 top-line expectation referenced by an analyst.
The bull case is that NICE is seeing strong demand in both cloud and AI, with record AI bookings, 72% AI backlog growth, and multiple large enterprise wins including HMRC. Management believes its unified, native CX AI platform is winning against both legacy CCaaS peers and AI-native point solutions, while international growth and partner-led distribution appear to be scaling.
The main bear case is timing: management repeatedly said many AI deals are still in early deployment stages, so revenue conversion may lag bookings in the near term. There was also ongoing pressure from strategic renewals and on-prem demand in non-CX businesses, which can shift the mix between product and cloud revenue and affect where the company lands within guidance.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.7%
- Shares Outstanding
- 58.60M
- Float Shares
- 58.44M
of shares held by institutions
370 13F filers
Buy/sell ratio 0.50. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for NICE, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Josh GottheimerHouse · NJ05 | Buy | Jul 20, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Oct 17, 25 | Filing → |
| Lisa McClainHouse · MI09 | Sell | Jul 16, 25 | Filing → |
| Daniel GoldmanHouse · NY10 | Sell | Jul 10, 23 | Filing → |
| Daniel GoldmanHouse · NY10 | Sell | Jan 13, 23 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Nov 18, 20 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Jul 21, 20 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Jul 23, 20 | Filing → |
| Thom TillisSenate · NC | Sell | Feb 13, 15 | Filing → |
| Thom TillisSenate · NC | Sell | Feb 5, 15 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Principal Financial Group Inc | 4.43M | ▼ 144.72K |
| Brandes Investment Partners, LP | 2.86M | ▲ 632.37K |
| Fil Ltd | 2.67M | ▲ 618.14K |
| Harding Loevner LP | 2.52M | ▼ 9.85K |
| Clal Insurance Enterprises Holdings Ltd | 1.59M | ▼ 40.07K |
| Menora Mivtachim Holdings Ltd. | 1.44M | ▼ 50.00K |
| Neuberger Berman Group LLC | 1.15M | ▲ 109.56K |
| Artisan Partners Limited Partnership | 1.08M | ▼ 84.54K |
| Harel Insurance Investments & Financial Services Ltd. | 915.63K | ▼ 112.55K |
| Migdal Insurance & Financial Holdings Ltd. | 756.27K | ▼ 165.00K |
| Phoenix Holdings Ltd. | 678.46K | ▲ 394.96K |
| Black Creek Investment Management Inc. | 644.79K | ▲ 113.88K |
Held by 56 ETFs
Biggest fund positions in NICE by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 13, 26 | Simon Zehava | other | 554 |
| Aug 13, 26 | Simon Zehava | other | 554 |
| Aug 7, 26 | Dayan Udi Yehuda | other | 500 |
| Aug 7, 26 | Dayan Udi Yehuda | other | 500 |
| Aug 7, 26 | Dayan Udi Yehuda | sell | 500 |
| Jun 9, 26 | Russell Scott Edward | other | 70,000 |
| Jul 1, 26 | Russell Scott Edward | other | 2,051 |
| Jun 9, 26 | Russell Scott Edward | other | 28,000 |
| Jun 15, 26 | Dvir Yocheved | other | 636 |
| Jun 15, 26 | Dvir Yocheved | other | 521 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our NICE coverage
Recent articles, reports, and earnings notes.
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NICE Has More Upside Than The Market Sees
seekingalpha.com · Aug 20
Bank of America Corp DE Purchases 37,865 Shares of NiCE $NICE
defenseworld.net · Aug 20
Bluecrest Transforms Healthcare Experience with NiCE Copilot, Delivering 94% Call Answer Rate Improvements
businesswire.com · Aug 18
NICE Posts Another Nice Earnings Beat, As AI-Driven Software Sees Enterprise Demand
seekingalpha.com · Aug 17
Dimensional Fund Advisors LP Sells 6,219 Shares of NiCE $NICE
defenseworld.net · Aug 13
Currys Transforms Customer Engagement with NiCE, Driving Higher NPS and Faster Resolution
businesswire.com · Aug 12
NiCE Publishes 2025 Environmental, Social and Governance (ESG) Report, Demonstrating Commitment to Innovation and Sustainability
businesswire.com · Aug 10
Cetera Investment Advisers Grows Stake in NiCE $NICE
defenseworld.net · Aug 9
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
