Cognyte Q2 Revenue Up 12% to $109.2M, Software Revenue Surges 21%, FY27 Outlook Reaffirmed
CGNT sits 46% above its 52-week low of $6.29.
Summary
Cognyte reported Q2 FYE27 revenue of $109.2M, up 12% YoY, with software revenue surging 20.9% and adjusted EBITDA up 35.7%. The company reaffirmed its FYE27 outlook and highlighted $102.2M in cash with no debt.
Key Events · Earnings and Guidance · CGNT
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Q2 Revenue Up 12% to $109.2M
Total revenue grew 12.0% YoY to $109.2M, with total software revenue up 20.9% to $100.8M — now over 92% of total revenue versus ~86% a year ago.
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Profitability Expanding Faster Than Revenue
Adjusted EBITDA rose 35.7% to $14.9M (13.6% margin), non-GAAP operating income up 52.5% to $12.2M, and non-GAAP diluted EPS nearly doubled to $0.15 from $0.08.
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FYE27 Outlook Narrowed, Reaffirmed
Revenue range narrowed to $448M midpoint with +/-2% band (~12% YoY growth), adjusted EBITDA ~$68M, and non-GAAP diluted EPS $0.47 at midpoint.
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Recurring Revenue Up 18.4% to $56.2M
Recurring revenue reached 51.4% of total revenue, driven by subscription adoption, providing enhanced visibility into future revenue streams.
Analysis · CGNT · Technology
Cognyte delivered accelerating software growth with total software revenue up 20.9% to $100.8M, now over 92% of total revenue, while adjusted EBITDA grew 35.7% to $14.9M. The company narrowed its FYE27 revenue range around an unchanged $448M midpoint and reaffirmed profitability targets, with visibility into roughly 85% of next-12-months revenue. The balance sheet remains clean at $102.2M cash and no debt, and the company repurchased $13.5M of shares in H1. The mix shift toward higher-margin software and recurring revenue (up 18.4% to $56.2M) supports the expanding profitability story.
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In the 30 days to Nov 1, 2026, 32.4% of the 1987 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CGNT was trading at $9.19 on NASDAQ in the Technology sector, with a market capitalization of approximately $608.2M. The 52-week trading range was $6.29 to $12.31. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.