0001528396-26-000039
SEC filingGuidewire FY2026 营收增23%至$1,475.4M、ARR增19%，AI驱动需求与订阅高增是核心驱动。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Total revenue | $411.1 million | $356.6 million | +15% |
| Subscription and support revenue | $266.7 million | $201.9 million | +32% |
| License revenue | $77.1 million | $93.6 million | -18% |
| Services revenue | $67.3 million | $61.0 million | +10% |
| GAAP income from operations | $62.3 million | $29.6 million | — |
| Non-GAAP income from operations | $111.3 million | $73.5 million | — |
| GAAP net income | $31.4 million | $52.0 million | — |
| Non-GAAP net income | $83.1 million | $70.3 million | — |
| GAAP diluted EPS | $0.38 | $0.60 | — |
| Non-GAAP diluted EPS | $0.99 | $0.81 | — |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q1 FY2027 | Ending ARR | $1,253 — $1,259 million | N/A |
| Q1 FY2027 | Subscription and support revenue | $279 — $283 million | N/A |
| Q1 FY2027 | Total revenue | $372 — $378 million | N/A |
| Q1 FY2027 | GAAP operating income | $19 — $25 million | GAAP |
| Q1 FY2027 | Non-GAAP operating income | $64 — $70 million | Non-GAAP |
| FY2027 | Ending ARR | $1,450 — $1,460 million | N/A |
| FY2027 | Subscription and support revenue | $1,240 — $1,246 million | N/A |
| FY2027 | Total revenue | $1,707 — $1,727 million | N/A |
| FY2027 | GAAP operating income | $197 — $217 million | GAAP |
| FY2027 | Non-GAAP operating income | $403 — $423 million | Non-GAAP |
| FY2027 | Operating cash flow | $445 — $465 million | N/A |
本季（Q4 FY2026）营收 $411.1 million、同比增 15%，但 GAAP 净利润 $31.4 million、GAAP 摊薄 EPS $0.38 均低于去年同期（$52.0 million / $0.60），主因 Q4 录得 $24.0 million 外汇损失（去年同期为 $2.8 million 外汇收益）；Non-GAAP 口径下净利润 $83.1 million、EPS $0.99 仍高于去年同期的 $70.3 million / $0.81。结构上，订阅与支持收入同比增 32% 至 $266.7 million，而 license 收入同比降 18% 至 $77.1 million，收入结构继续向订阅倾斜；GAAP 经营利润由 $29.6 million 升至 $62.3 million，Non-GAAP 经营利润由 $73.5 million 升至 $111.3 million，显示经营杠杆改善。
全年看，FY2026 总营收 $1,475.4 million（+23%），ARR $1,242 million（+19%）、fully ramped ARR $1,578 million（+22%，均按 July 31, 2025 汇率；按 July 31, 2026 汇率重估后分别为 $1,237 million 与 $1,573 million）。管理层强调 AI 驱动需求、record sales activity 与“自开始统计 ARR 以来最低的 ARR gross attrition rate”，并给出 FY2027 总营收 $1,707 — $1,727 million、ARR $1,450 — $1,460 million、经营现金流 $445 — $465 million 的指引。资本返还方面，FY2026 回购 4,085,350 股、均价 $148.41、合计 $606.3 million，期末剩余授权仅 $31.9 million；现金、现金等价物及投资由 $1,483.2 million 降至 $1,215.3 million，需关注回购与外汇波动对 GAAP 盈利的持续影响。