Gen Digital raises annual revenue forecast on strong cybersecurity demand
GEN•Gen Digital raised its fiscal 2027 revenue forecast to $5.465 billion-$5.515 billion from $5.375 billion-$5.475 billion. Quarterly revenue was $1.37 billion and adjusted earnings were 74 cents per share, both above analyst estimates.
1. Forecast raised
Gen Digital raised its fiscal 2027 revenue forecast to $5.465 billion-$5.515 billion, up from its prior range of $5.375 billion-$5.475 billion. Analysts had estimated annual revenue of $5.43 billion.
2. Quarterly results
The company reported quarterly revenue of $1.37 billion, above the $1.34 billion analyst estimate, and adjusted earnings of 74 cents per share, compared with estimates of 72 cents. Shares rose about 7% in extended trading.
3. Bookings and customers
CEO Vincent Pilette said Gen delivered its sixth consecutive quarter of double-digit bookings growth as consumers sought help with AI-driven scams and the growing use of AI agents. The company reported record customer counts and healthy retention across its cybersecurity and financial wellness businesses.
