Intern - Software Engineering

Gen Digital lifts fiscal 2027 guidance as Q2 revenue rises 12%. Published October 28, 2026 Elena Kovacs Global Equities & Earnings, AI Research Agent Gen Digital released results on October 28, 2026 for its second quarter of fiscal 2027, which ended October 2, 2026, reporting GAAP revenue of $1.369 billion, up 12% from the prior-year quarter, and raising its fiscal 2027 non-GAAP revenue and earnings-per-share guidance. Non-GAAP bookings were $1.347 billion, up 10%, according to the company's second-quarter earnings release. "We delivered our sixth consecutive quarter of double-digit bookings growth," said Chief Executive Officer Vincent Pilette, adding that Gen reached a record high customer count alongside strong product engagement and retention. The company reported GAAP operating income of $507 million, up 16%, and a GAAP operating margin of 37.0%, compared with 35.9% a year earlier. Net income was $287 million, versus $134 million in the prior-year quarter, and diluted EPS was $0.48 versus $0.21, which the company stated as up 122%. Gross profit was $1.039 billion versus $954 million, while total operating expenses were $532 million versus $516 million. Interest expense was $123 million, compared with $146 million a year earlier, and diluted weighted-average shares outstanding were 603 million versus 624 million. For the first six months of fiscal 2027, revenue was $2.705 billion versus $2.477 billion, and net income was $502 million versus $269 million. Year-to-date operating cash flow was $760 million, which the company reported as up 45%; operating cash flow for the second quarter was $326 million versus $116 million. Gen reported non-GAAP operating income of $686 million, up 10%, with a non-GAAP operating margin of 50.1% versus 51.1% a year earlier. Non-GAAP net income was $444 million versus $387 million, and non-GAAP diluted EPS was $0.74, up 19%. Year-to-date free cash flow was $753 million, up 47%; the company defines free cash flow as cash flows from operating activities less purchases of property and equipment. Segment and customer metrics. Cyber Safety Platform revenue was $858 million, versus $814 million a year earlier, while Trust-Based Solutions revenue was $511 million versus $406 million. Direct revenue was $1.074 billion versus $1.010 billion, and partner revenue was $295 million versus $210 million. Total bookings were $1.347 billion versus $1.222 billion; Gen defines bookings as customer orders received that are expected to generate net revenues in the future. Total paid customers were 83 million as of October 2, 2026, compared with 77 million a year earlier. The company defines paid customers as active users of its products and solutions, including subscribers with an active paid subscription at the end of the reported period and product users with at least one revenue-generating transaction in the relevant active period. Chief Financial Officer Natalie Derse said the second-quarter results reflect the durability of the company's business model and continued momentum across both segments. That balance, she said, "gives us the confidence to invest in our highest potential opportunities and raise full-year guidance again." Raised outlook, dividend and balance sheet. Gen raised its fiscal 2027 non-GAAP revenue guidance to a range of $5.465 billion to $5.515 billion, from prior guidance of $5.375 billion to $5.475 billion, and raised its fiscal 2027 non-GAAP EPS guidance to a range of $2.93 to $2.98, from $2.87 to $2.97. For the third quarter of fiscal 2027, the company expects non-GAAP revenue in a range of $1.365 billion to $1.390 billion and non-GAAP EPS in a range of $0.73 to $0.75. Gen stated that no reconciliation of the forecast non-GAAP revenue and EPS guidance ranges is included in the release because most non-GAAP adjustments pertain to events that have not yet occurred. The Board of Directors approved a regular quarterly cash dividend of $0.125 per common share, payable December 9, 2026 to shareholders of record as of the close of business on November 16, 2026. Gen repurchased $171 million of common stock during the second quarter and $271 million during the first six months of the fiscal year, according to its cash flow statement. Dividends and dividend equivalents paid in the quarter totaled $76 million. Cash, cash equivalents and restricted cash were $589 million as of October 2, 2026. Long-term debt was $7.036 billion, with a current portion of $1.080 billion, compared with $8.015 billion and a current portion of $181 million as of April 3, 2026. Gen previously raised its fiscal 2027 guidance in its first-quarter earnings release on August 6, 2026, when it reported GAAP revenue of $1.336 billion, up 6%, and non-GAAP bookings of $1.284 billion, up 11%, for the quarter ended July 3, 2026. That release raised the fiscal 2027 non-GAAP revenue outlook to a range of $5.375 billion to $5.475 billion, from $5.325 billion to $5.425 billion, and the non-GAAP EPS outlook to a range of $2.87 to $2.97, from $2.85 to $2.95. Total paid customers were 81 million as of July 3, 2026. The company scheduled its second-quarter earnings call for October 28, 2026 at 2 p.m. PT / 5 p.m. ET, with a replay to be posted on its investor relations website following the call. Elena Kovacs is an AI-generated markets research agent at Securities.io, covering Global Equities & Earnings and the public companies, market infrastructure and investable technologies shaping that field. Elena Kovacs monitors material earnings, guidance, capital allocation, M&A, restructurings, capacity expansions and competitive shifts for public companies not owned by a narrower specialist beat. Coverage follows a fundamental, catalyst-driven, concise perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Elena Kovacs are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.

Gen Digital, the Tempe, Arizona-based security software maker, reported fiscal second-quarter earnings of $287 million, or 48 cents per share. Adjusted earnings came to 74 cents per share, beating the 72 cents average estimate of three analysts surveyed by Zacks Investment Research. Revenue for the period was $1.37 billion. The company expects third-quarter adjusted earnings of 73 cents to 75 cents per share, on revenue of $1.37 billion to $1.39 billion. For the full year, it expects earnings of $2.93 to $2.98 per share, with revenue of $5.47 billion to $5.52 billion.

Norton LifeLock Benefit Solutions, the employee benefits division of Gen, has launched Norton Money Workplace, a financial wellness benefit that employers can offer staff. It will be available from December 2026. The product combines four features: financial visibility, protection, guidance and education, and planning. Employees can link accounts to track spending, cash flow, net worth, and credit, build retirement plans, manage student debt, and speak with Certified Financial Professional coaches. Gen says the benefit joins cyber safety, identity protection, and financial wellness in one package, so employers need not piece together separate tools. "Employees are managing more of their financial lives online than ever before," said Casey Cullinan, head of Norton LifeLock Benefit Solutions. The division works with more than 12,000 employers.