Varonis Systems Beats Q1 Revenue, Raises Full-Year Guidance, and Repurchases $132M in Shares
VRNS sits 40% above its 52-week low of $19.7.
Summary
Varonis Systems reported strong Q1 results, beating revenue estimates and raising full-year guidance, complemented by a substantial share repurchase and new product launch.
Key Events · Earnings and Guidance · VRNS
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Q1 Revenue Beat
Reported total revenues of $173.1 million for the first quarter ended March 31, 2026, surpassing analyst estimates.
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Strong SaaS ARR Growth
Total SaaS Annual Recurring Revenue (ARR) grew 69% year-over-year to $683.2 million, or 29% excluding conversions.
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Raised Full-Year Guidance
Increased full-year 2026 expectations for SaaS ARR growth (27% to 32%), revenues ($731.0M to $737.0M), and non-GAAP operating income ($7.0M to $9.0M).
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Significant Share Repurchase
Repurchased 5,355,445 shares for $132.1 million during the quarter at an average price of $24.67.
Analysis · VRNS · Technology
Varonis Systems reported strong first-quarter results, exceeding revenue expectations and demonstrating robust SaaS ARR growth. The company's decision to raise its full-year guidance signals confidence in its continued performance and market position. Furthermore, a significant share repurchase program underscores management's belief in the company's valuation and commitment to returning capital to shareholders. The launch of Varonis Atlas also highlights ongoing innovation in AI security.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 40.7% of the 388 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VRNS was trading at $27.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $19.70 to $63.90. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.