Nice beats Q3 forecasts, announces 5% workforce reduction

Nice published its third-quarter results with revenues of $791 million and non-GAAP net profit of $2.84 per share, above analyst estimates. The company announced a 5% workforce reduction for organizational streamlining and slightly raised its annual profit forecast.

Nice, a software company, reported its third-quarter 2026 results with revenues of $791 million, an 8% increase year-over-year, and non-GAAP net profit of $2.84 per share, 6 cents above analyst expectations. Concurrently, the company announced a 5% workforce reduction to streamline its organizational structure and reduce management layers, as revealed yesterday in Globes. Nice slightly raised its annual profit forecast to $11.12-$11.32 per share but left its revenue forecast unchanged at $3.17-$3.19 billion. CEO Scott Russell noted strong performance in international markets, with 33% revenue growth and 46% ARR growth in AI activities. The company expects restructuring expenses of $15-$20 million in the fourth quarter.