Gen Digital Raises FY26 Guidance After Q3 Revenue Jumps 26% on AI Adoption
Gen Digital reported Q3 FY26 revenue of $1.24 billion, a 26% y/y increase, and non-GAAP EPS of $0.64, topping analyst estimates, while bookings rose 27% y/y to a record $1.32 billion. Management raised FY26 revenue guidance to $4.955-$4.975 billion and non-GAAP EPS to $2.54-$2.56 while expanding an AI-driven security partnership with Equifax.
1. Q3 FY26 Earnings Beat and Growth
Gen Digital delivered Q3 FY26 revenue of $1.24 billion, up 26% year-over-year, with non-GAAP EPS rising 14% to $0.64 per share, both metrics exceeding consensus estimates. Quarterly bookings reached a record $1.32 billion, marking the third consecutive quarter of double-digit bookings growth driven by strong uptake of AI-powered security and financial wellness solutions.
2. Raised FY26 Guidance
On the back of robust Q3 results, management lifted full-year FY26 revenue guidance to a range of $4.955 billion to $4.975 billion, up from $4.92 billion to $4.97 billion, and raised non-GAAP EPS outlook to $2.54-$2.56 from $2.51-$2.56, underlining sustained momentum in the core business.
3. Expanded Equifax Partnership
Gen Digital expanded its collaboration with Equifax to integrate Equifax’s financial health and fraud data into Gen’s AI platform. Equifax will, in turn, leverage Gen Digital’s “Engine by Gen” to deliver personalized financial product recommendations to U.S. consumers through their myEquifax accounts, enhancing both security and financial wellness offerings.