Gen Digital Q1 Earnings Beat, Raises FY27 Outlook on Strong Revenue
GEN sits 59% above its 52-week low of $17.78.
Summary
Gen Digital reported Q1 FY27 net income of $215M ($0.36/share), up from $135M a year ago, with adjusted EPS of $0.60. Revenue rose 6% to $1.336B, beating expectations. The company raised its full-year FY27 guidance: adjusted revenue now seen at $5.375B-$5.475B (up from $5.325B-$5.425B) and adjusted EPS at $2.87-$2.97 (up from $2.85-$2.95). Q2 guidance calls for adjusted revenue of $1.325B-$1.350B and adjusted EPS of $0.71-$0.73. A quarterly dividend of $0.125 was declared. This follows an 8-K filed yesterday that also noted the beat and raise, but today's release adds full income statement details and the dividend declaration. The raised outlook signals confidence in sustained demand for cybersecurity solutions.
At the time of this announcement, GEN was trading at $28.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $16.8B. The 52-week trading range was $17.78 to $32.22. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.