DocuSign had a good second quarter in 2026. Revenue rose to $801 million, a 9% increase. Billing grew even more, by 13%. It seems they are doing well.

The company is fully engaged in Artificial Intelligence. Their IAM system is taking off. They are also growing outside the U.S. and with large companies. They want to earn more, but without going crazy.

People are renewing their contracts more. The agreements are larger. International business is now almost a third of the total. It is growing fast.

The IAM is really taking off. Half of the vendors have used it at some point. Big companies like T-Mobile are using it. It's for managing contracts and things like that.

They continue to earn well, with an 82% gross margin. And that's despite spending on moving to the cloud. They have a billion in the bank. Not bad.

For the next quarter, they expect to earn about $806 million, more or less. For the whole year, about $3.195 million. The IAM could be 10% of the business by the end of the year. We'll see what happens.