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Gen Digital (GEN) Accelerates With AI Security and Financial Wellness Solutions
Yahoo Finance· 2026-02-11 17:20
Core Insights - Gen Digital Inc. (NASDAQ:GEN) reported Q3 FY2026 earnings with revenue of $1.24 billion, reflecting a 26% year-over-year growth, surpassing analyst expectations of $1.23 billion [1] - The company achieved record quarterly bookings of $1.32 billion, a 27% year-over-year increase, driven by strong adoption of AI-powered security and financial wellness solutions [2] - Management raised FY2026 revenue guidance to $4.955 billion to $4.975 billion, up from the previous range of $4.92 billion to $4.97 billion, indicating continued business momentum [3] Financial Performance - Non-GAAP diluted EPS increased by 14% year-over-year to $0.64, exceeding consensus estimates by approximately $0.01 [1] - FY2026 non-GAAP EPS guidance was raised to a range of $2.54 to $2.56, compared to the previous range of $2.51 to $2.56 [3] - For Q4, management anticipates revenue between $1.24 billion and $1.26 billion, with non-GAAP EPS expected to be between $0.64 and $0.66 [3] Strategic Partnerships - Gen Digital expanded its partnership with Equifax to integrate data assets and technology platforms, enhancing consumer financial management and security [4] - Under the new terms, Gen Digital will incorporate Equifax's financial health and fraud data into its AI-powered offerings, while Equifax will utilize Gen Digital's platform for personalized financial product recommendations [5] Company Overview - Gen Digital Inc. specializes in cybersecurity software and services for consumers and small businesses, offering products such as antivirus protection, identity theft prevention, and VPN solutions [6]