Gen Digital Inc. — Q2 FY27 Earnings Summary

Financial Performance:

• Q2 FY27 GAAP revenue reached $1.369 billion, a 12% year-over-year increase compared to $1.220 billion in Q2 FY26.
• Q2 FY27 GAAP operating income was $507 million, up 16% from $438 million in the prior year period.
• Q2 FY27 GAAP diluted EPS was $0.48, representing a 122% increase from $0.21 in the prior year.
• Q2 FY27 Non-GAAP bookings were $1.347 billion, up 10% year-over-year.
• Q2 FY27 Non-GAAP operating income was $686 million, up 10% from $623 million in the prior year.
• Q2 FY27 Non-GAAP diluted EPS was $0.74, up 19% from $0.62 in the prior year.
• Year-to-date operating cash flow for the six months ended October 2, 2026, was $760 million, up 45% from $525 million in the prior year.
• Year-to-date free cash flow for the six months ended October 2, 2026, was $753 million, up 47% from $512 million in the prior year.
• Total paid customers reached 83 million as of October 2, 2026, up from 77 million as of October 3, 2025.
• Total assets were $15.548 billion as of October 2, 2026, compared to $15.589 billion as of April 3, 2026.
• Total liabilities were $12.807 billion as of October 2, 2026, compared to $12.978 billion as of April 3, 2026.
• Total stockholders' equity was $2.741 billion as of October 2, 2026, compared to $2.611 billion as of April 3, 2026.
• Cash, cash equivalents, and restricted cash were $589 million as of October 2, 2026, compared to $411 million as of April 3, 2026.
• Current portion of long-term debt was $1.080 billion as of October 2, 2026, compared to $181 million as of April 3, 2026.
• Long-term debt was $7.036 billion as of October 2, 2026, compared to $8.015 billion as of April 3, 2026.
• Contract liabilities were $1.823 billion as of October 2, 2026, compared to $1.904 billion as of April 3, 2026.

Guidance and Future Outlook:

• Raised Non-GAAP Fiscal Year 2027 revenue guidance to a range of $5.465 billion to $5.515 billion, compared to prior guidance of $5.375 billion to $5.475 billion.
• Raised Non-GAAP Fiscal Year 2027 EPS guidance to a range of $2.93 to $2.98, compared to prior guidance of $2.87 to $2.97.
• Provided Non-GAAP Q3 FY27 revenue guidance in the range of $1.365 billion to $1.390 billion.
• Provided Non-GAAP Q3 FY27 EPS guidance in the range of $0.73 to $0.75.

Business Segments and Product Lines:

• Cyber Safety Platform revenue was $858 million for the three months ended October 2, 2026, compared to $814 million in the prior year period.
• Trust-Based Solutions revenue was $511 million for the three months ended October 2, 2026, compared to $406 million in the prior year period.
• Direct revenues were $1.074 billion for the three months ended October 2, 2026, compared to $1.010 billion in the prior year period.
• Partner revenues were $295 million for the three months ended October 2, 2026, compared to $210 million in the prior year period.

Other Key Points:

• The Board of Directors approved a regular quarterly cash dividend of $0.125 per common share, payable on December 9, 2026, to shareholders of record as of November 16, 2026.
• Repurchases of common stock totaled $171 million in Q2 FY27 and $271 million for the six months ended October 2, 2026.
• Dividends and dividend equivalents paid totaled $76 million in Q2 FY27 and $157 million for the six months ended October 2, 2026.
• Gen Digital reported its sixth consecutive quarter of double-digit bookings growth.
• The company reached a record high customer count with strong product engagement and retention.
• Gen Digital serves nearly 500 million users in more than 150 countries through brands including Norton, Avast, LifeLock, MoneyLion, and Engine.