GENVR · Gen Digital Inc.

Gen Digital Inc. reported a record fiscal year 2026, with revenue crossing $5 billion for the first time, a 27% increase year-over-year. The growth was driven by strong demand for its Cyber Safety Platform and double-digit revenue growth in Trust-Based Solutions. GAAP operating income rose 32% to $2.12 billion, while GAAP diluted EPS increased 53% to $1.57. On a non-GAAP basis, operating income grew 11% to $2.54 billion, and diluted EPS increased 15% to $2.56. The company also generated robust free cash flow of $1.52 billion. Management highlighted the successful execution of its strategy and raised guidance for fiscal year 2027, projecting non-GAAP revenue between $5.325 billion and $5.425 billion and non-GAAP EPS between $2.85 and $2.95. Additionally, the Board approved a restructuring program expected to incur approximately $50 million in charges, aimed at streamlining operations and increasing adoption of AI technologies. The company declared a quarterly cash dividend of $0.125 per share, payable on June 10, 2026. The strong results and raised guidance underscore Gen's momentum and confidence in its growth trajectory.