Gen Digital (GEN) Q2 2027 earnings summary

Executive summary

• Q2 revenue reached $1.369B, up 12% YoY; non-GAAP EPS rose 19% to $0.74, and FY27 guidance was raised again.

• Bookings grew 10% for a sixth consecutive quarter; paid customers reached 83M, up 6M YoY.

• Growth in both segments and continued platform investment supported momentum; agentic AI products are positioned for future opportunity, not material FY27 revenue.

Financial highlights

• Non-GAAP bookings were $1.347B, up 10%; revenue was $1.369B, up 12%.

• Non-GAAP operating income rose 10% to $686M; operating margin was 50.1%, and diluted EPS increased 19% to $0.74.

• GAAP operating income was $507M, up 16%; GAAP net income was $287M versus $134M a year earlier.

• H1 operating cash flow was $760M, up 45%; non-GAAP free cash flow was $753M, up 47%.

Outlook and guidance

• FY27 non-GAAP revenue guidance rose to $5.465B–$5.515B, representing adjusted growth of 10%–11%.

• FY27 non-GAAP EPS guidance rose to $2.93–$2.98, representing adjusted growth of 16%–18%.

• Q3 FY27 revenue guidance is $1.365B–$1.39B, up 10%–12%; non-GAAP EPS is expected at $0.73–$0.75, up 15%–18%.

• FY27 assumptions include Cyber Safety margin of 60%+ and Trust-Based Solutions margin of 30%, net of platform and AI investments.