Docebo (NASDAQ:DCBO) executives said the company’s annual recurring revenue growth re-accelerated for a second consecutive quarter in the second quarter of 2026, supported by enterprise execution, partner activity, international performance and expansion business. Management also discussed planned investments in artificial intelligence, healthcare specialization and product integration following its acquisitions of 365Talents and Zive.
Chief Executive Officer Alessio Artuffo said Docebo’s growth has been broad-based across net-new customer wins, expansions and international markets. He attributed the momentum to investments in product development and go-to-market execution, including the acquired capabilities of 365Talents and Zive as well as feature releases in Docebo’s core platform.
AI product plans and forward-deployed engineers
Docebo plans to generally release its Agent Hub and Enterprise Knowledge offerings in the early fall. The company is beginning to hire foundational forward-deployed engineers, or FDEs, to develop custom agent workflows for specific customer needs before expanding the practice.
Artuffo said the initial focus will be on customers in sectors including quick-service restaurants, healthcare and financial services, where companies face data integration, discoverability and validation challenges. The FDEs are expected to work with some of Docebo’s largest customers to build workflows on top of the company’s technology.
The longer-term objective is to abstract successful custom agents into broader product offerings that can be made available to more customers, Artuffo said. Management did not provide specific monetization details, saying it expects to update investors after the fall launch of Agent Hub and Enterprise Knowledge.
Chief Financial Officer Brandon Farber said early FDE hiring will be treated more like research-and-development expense because the work will begin before the product release. As the company begins charging for professional services or adding AI usage-based or fixed-price offerings, the costs could shift into cost of revenue and affect gross margin, he said.
Artuffo also addressed enterprise concerns about AI-agent safeguards. He said Docebo’s AI team has been developing agent technology for some time and that the company will prioritize reliability, security and guardrails. Docebo plans to work with customers and their security officers on documentation and related protections.
Healthcare investment follows government playbook
Management identified healthcare as a targeted growth vertical, describing it as an approximately $3 billion total addressable market within the roughly $30 billion corporate learning market where Docebo operates. Artuffo said the company already generates roughly $10 million in annual recurring revenue from healthcare customers.
Docebo plans to invest in dedicated product, sales and partner capabilities for the sector. Artuffo said the company believes it can improve its competitiveness in healthcare within months rather than requiring years of work, although he described life sciences as a more technically complex future opportunity that may be addressed over the next 12 to 24 months.
Farber said the healthcare initiative will begin as a relatively small team in the second half of 2026 and will continue to scale into 2027. The company intends to establish a dedicated engineering pod and product manager, along with a healthcare sales leader and an initial team of three sellers. Farber said the approach follows the company’s earlier government investment playbook.
Management said progress should be measured initially through staffing, the creation of sector-specific operating plans and product roadmaps, followed by improvements in win rates and customer satisfaction over subsequent quarters. Unlike the federal market, where FedRAMP authorization is a critical requirement, Artuffo said Docebo is already winning meaningful healthcare business and needs to improve its “right to win” through sector knowledge and product development.
365Talents integration expands enterprise opportunity
Artuffo said the integration of 365Talents is ahead of schedule six months after the acquisition. He said the company has exceeded its pipeline targets for the combined enterprise offering, though he did not disclose attach rates or the share of deals influenced by the skills platform.
Management said 365Talents has opened doors to enterprise prospects that Docebo may not have reached with its previous capabilities. Artuffo cited wins involving one of the world’s largest telecom and networking companies and the world’s largest supplier of automotive safety systems, saying Docebo would not have been at the table without 365Talents.
The skills capabilities also strengthen Docebo’s position in internal learning use cases involving skills-based organizations, upskilling and reskilling, particularly among enterprise and strategic enterprise buyers, Artuffo said. The company is working to further integrate 365Talents into its products, and management expects its agentic AI initiatives to strengthen the connection between skills data and personalized training.
Guidance increase driven by enterprise assumptions
Farber said Docebo raised its full-year revenue outlook by $3.5 million from the prior quarter. Of that increase, $1.6 million reflected second-quarter performance and $2.1 million represented expected contribution in the second half, including $1.2 million from professional services and nearly $900,000 from subscription revenue.
He said the primary change in the company’s outlook was stronger enterprise assumptions for the second half. Docebo entered 2026 assuming roughly flat enterprise growth, but two quarters of stronger performance, win rates and pipeline gave management confidence to increase those assumptions. Mid-market assumptions remained largely unchanged, while expected government performance, including a stronger third quarter for FedRAMP opportunities, had already been incorporated in prior guidance.
Farber said sales cycles have shortened in several segments during the first half, which he attributed in part to sales-process changes implemented after the company’s new chief revenue officer joined around July 2025.
On capital allocation, management said share repurchases are currently the priority because it views the stock as undervalued. Farber noted Docebo had announced a $70 million substantial issuer bid funded by $16 million of debt and $10 million of cash. He said the company remains open to opportunistic acquisitions but is focused primarily on integrating 365Talents and Zive and views organic growth as central to its strategy.
About Docebo (NASDAQ:DCBO)
Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.
Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.
