Gen Digital Beats on Q2, Lifts FY27 Revenue Outlook to $5.5B
GEN sits 37% above its 52-week low of $17.78.
Summary
Gen Digital posted Q2 FY27 revenue of $1.369 billion, up 12%, with non-GAAP EPS of $0.74, up 19%, and bookings of $1.347 billion, up 10% — the sixth straight quarter of double-digit bookings growth. GAAP diluted EPS more than doubled to $0.48 as operating income rose 16% to $507 million and interest expense fell, and net income came in at $287 million. The company raised FY27 guidance to revenue of $5.465-$5.515 billion and EPS of $2.93-$2.98, up from the prior $5.375-$5.475 billion and $2.87-$2.97, and set Q3 revenue at $1.365-$1.390 billion with EPS of $0.73-$0.75. Free cash flow year-to-date hit $753 million, up 47%, funding $271 million of buybacks and the $0.125 quarterly dividend payable December 9. This is the first hard confirmation of the outlook Gen previewed on October 5, and it lands after a September advisory vote in which 59% of shareholders rejected the executive pay plan.
At the time of this announcement, GEN was trading at $24.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $14.6B. The 52-week trading range was $17.78 to $31.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.