Abstract

Nice Ltd will publish its fourth-quarter 2025 results on February 19, 2026, Pre-Market; this preview consolidates the latest quarter’s reported metrics and consensus estimates to frame revenue, margins, EPS trends, and likely focal points for investors through the lens of recent operational performance.

Market Forecast

Consensus compiled from the company’s current-quarter forecast points to revenue of $779.97 million, an adjusted EPS estimate of $3.21, and EBIT of $242.22 million for the fourth quarter of fiscal 2025, with forecast year-over-year growth of 9.05% for revenue, 8.91% for EPS, and 6.30% for EBIT; directionally, this implies modest margin resilience, though a formal gross margin and net margin forecast are not disclosed alongside these numbers. The main business highlight remains cloud, which is expected to underpin top-line momentum given its scale and multi-year migration tailwinds. The most promising segment is cloud, which contributed $562.94 million last quarter; management and street expectations center on continued year-over-year expansion driven by enterprise adoption and upsell into advanced analytics and AI-enabled CX workflows.

Last Quarter Review

Nice Ltd reported prior-quarter revenue of $732.00 million, a gross profit margin of 66.81%, GAAP net profit attributable to the parent company of $145.00 million, a net profit margin of 19.79%, and adjusted EPS of $3.18, with year-over-year growth for adjusted EPS of 10.42%. A key highlight was disciplined operating spending and mix shift toward subscription cloud offerings, which supported gross margin stability even as services and product revenues moderated. Main business performance was led by cloud at $562.94 million, followed by services at $138.71 million and product at $30.35 million; the revenue base continues to tilt toward cloud, maintaining a platform-led growth profile.

Current Quarter Outlook

Main Business: Cloud Platforms Anchoring Expansion

Cloud remains the core revenue engine, and its scale provides pricing and cross-sell advantages in customer experience orchestration, workforce engagement, and analytics. With last quarter’s $562.94 million contribution, cloud now accounts for the majority of the company’s recurring revenue base and is positioned to drive this quarter’s topline in line with the $779.97 million estimate. The mix shift toward cloud subscriptions typically supports higher gross margins, consistent with the reported 66.81% last quarter, and can help maintain net margin near the high-teens-to-20% range, even as services costs fluctuate. Near term, adoption of AI-enabled modules and analytics is expected to deepen seat penetration and attach rates within existing enterprise accounts, which is a key lever sustaining year-over-year revenue growth near the 9.05% forecast.

Most Promising Segment: AI-Driven Customer Experience and Analytics within Cloud

Within cloud, the largest incremental growth runway is embedded in AI-powered CX and analytics modules that enhance automation, routing, quality management, and proactive service. These capabilities carry favorable economics because they scale across installed cloud platforms, translating incremental functionality into subscription revenue uplift without proportional cost increases. Last quarter’s cloud revenue of $562.94 million frames the scale at which incremental AI modules can move consolidated results; year-over-year growth implied by the current-quarter forecasts indicates continued momentum as enterprises expand usage across geographies and functions. This quarter, the market will watch booking mix, net retention, and attach rates in advanced analytics specifically, as they are pivotal to sustaining double-digit growth trajectories in subsequent periods.

Stock Price Drivers: Margins, Execution in Cloud Transition, and EPS Delivery

Stock performance in the near term is likely to hinge on the interaction between revenue growth in cloud and margin discipline. With EBIT forecast at $242.22 million and adjusted EPS at $3.21, execution against these targets will validate the durability of subscription monetization while preserving cost controls. Investors will scrutinize whether gross margin can hold near the mid-60s seen last quarter, as this signals healthy pricing and low churn in high-value modules. Delivery close to or above the 9.05% revenue growth forecast and the 8.91% EPS growth forecast would indicate stable operating leverage; conversely, a shortfall could raise questions about timing of enterprise expansions or service cost normalization, which would compress margins and sentiment.

Analyst Opinions

Across recent institutional commentary, the majority view is constructive, reflecting confidence in a cloud-led growth path and the company’s ability to meet or modestly exceed its current-quarter targets. Analysts emphasize the continuity between last quarter’s margin profile and this quarter’s estimates—revenue guidance at $779.97 million and EPS at $3.21—suggesting manageable cost inflation and steady expansion in cloud platforms. The constructive stance cites stable renewal activity, incremental penetration of AI-enabled offerings, and operating rigor evidenced by last quarter’s 66.81% gross margin and 19.79% net profit margin. This majority perspective anticipates that Nice Ltd’s earnings cadence remains aligned with double-digit growth aspirations over the medium term, contingent on consistent execution in cloud bookings, ongoing customer migrations, and disciplined expense lines; under this framework, the quarter’s report is expected to validate the company’s subscription pivot and sustain investor confidence in top-line and EPS trajectories.