Gen Digital Raises Fiscal 2027 Outlook Again

The Tip Desk · November 1, 2026 · 2 min read

Second-quarter revenue reached $1.369 billion, up 12%, and the company lifted full-year non-GAAP revenue guidance to as much as $5.515 billion.

Gen Digital Inc. (GEN), a global company dedicated to powering Digital Freedom, reported second-quarter fiscal 2027 revenue of $1.369 billion, up 12% from a year earlier, and raised its full-year non-GAAP revenue and earnings outlook for a second consecutive quarter.

The quarter ended October 2, 2026. GAAP operating income was $507 million, up 16%, and GAAP diluted earnings were $0.48 a share, up 122%. Non-GAAP operating income was $686 million, up 10%, and non-GAAP diluted earnings were $0.74 a share, up 19%.

Chief Executive Vincent Pilette said the company delivered its sixth consecutive quarter of double-digit bookings growth. Bookings were $1.347 billion, up 10%. Paid customers reached a record 83 million as of October 2, 2026, from 77 million a year earlier.

Cyber Safety Platform revenue was $858 million. Trust-Based Solutions revenue was $511 million, up from $406 million a year earlier. Direct revenue was $1.074 billion and partner revenue was $295 million.

Non-GAAP operating margin was 50.1%, down from 51.1% a year earlier. GAAP operating margin was 37.0%.

For the six months ended October 2, 2026, operating cash flow was $760 million, up 45% from a year earlier, and free cash flow was $753 million, up 47%. Cash, cash equivalents and restricted cash were $589 million at quarter-end. The company repurchased $171 million of common stock in the quarter.

Chief Financial Officer Natalie Derse said second-quarter results reflected the durability of the business model and momentum across both segments, and that customer demand is strong. She said the company remains disciplined about investment, efficiency and profitable growth, and that that balance gives it the confidence to invest in its highest-potential opportunities and raise full-year guidance again.

The board approved a regular quarterly cash dividend of $0.125 a share, payable December 9, 2026, to shareholders of record as of November 16, 2026.

Gen now expects third-quarter fiscal 2027 non-GAAP revenue of $1.365 billion to $1.390 billion and non-GAAP earnings of $0.73 to $0.75 a share.

Full-year fiscal 2027 non-GAAP revenue is now expected at $5.465 billion to $5.515 billion, compared with prior guidance of $5.375 billion to $5.475 billion. Non-GAAP earnings are expected at $2.93 to $2.98 a share, compared with prior guidance of $2.87 to $2.97 a share.

Pilette said the company reached a record high customer count alongside strong product engagement and retention, and that innovation across its brands and continued investment in its platform are resonating with consumers. He said Gen is building on that momentum to expand how it helps people protect and manage their digital and financial lives in an increasingly agentic AI world.