The strong beat and raised guidance should drive positive momentum. Watch for execution on the AI restructuring and any margin impact from the $50M charge. The stock likely re-rates higher on sustained double-digit growth and increased guidance visibility.
Price Chart
Executive Summary
Gen Digital reported record Q4 FY26 results with revenue of $1.283B (up 27% YoY) and non-GAAP EPS of $0.67 (up 14% YoY). Full-year revenue crossed $5B for the first time. The company raised FY27 guidance for revenue ($5.325B-$5.425B) and EPS ($2.85-$2.95). Additionally, a $50M restructuring program for AI transformation was announced. Strong fundamentals and raised outlook outweigh the modest restructuring charge.
Key Financial Metrics
Key Facts
- Q4 FY26 revenue $1,283M, up 27% YoY
- Q4 GAAP diluted EPS $0.84 (up 269% YoY), non-GAAP EPS $0.67 (up 14% YoY)
- FY26 revenue $5,000M, up 27% YoY, first time crossing $5B
- FY26 non-GAAP EPS $2.56, up 15% YoY
- Q1 FY27 guidance revenue $1,300M-$1,325M, EPS $0.68-$0.70
- FY27 guidance raised: revenue $5,325M-$5,425M, EPS $2.85-$2.95
- Board approved $50M restructuring for AI transformation over 12 months
- Q4 operating cash flow $452M, free cash flow $449M
Financial Impact
Revenue growth of 27% and non-GAAP EPS growth of 14% in Q4, with FY27 guidance above prior expectations. Restructuring charge of ~$50M, immaterial relative to $5B revenue.
Risk Factors
- Restructuring execution risk and potential disruption
- Integration of acquisitions (e.g., MoneyLion) and associated costs
- Macroeconomic headwinds impacting consumer spending on cybersecurity/identity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000849399-26-000014 |
| Document: nlok-20260507.htm | 0000849399-26-000014 |
| Document: 0000849399-26-000014-index-headers.html | 0000849399-26-000014 |
| Document: 0000849399-26-000014-index.html | 0000849399-26-000014 |
| Document: 0000849399-26-000014.txt | 0000849399-26-000014 |
| 8-K Data (Synthetic) | 0000849399-26-000014 |
US Market Status
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