GEN

EX-99.01

2 ex9901q2fy27.htm

EX-99.01

Document

NEWS RELEASE

CONTACTS

Investor Contact

Ben Lu

Media Contact

Audra Proctor

GenGen

IR@GenDigital.com

Press@GenDigital.com

Gen Delivers Another Double-Digit Growth Quarter in Q2 FY27 and Raises FY27 Outlook

TEMPE, Ariz. & PRAGUE – October 28, 2026 – Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, released its results for its second quarter fiscal year 2027, which ended October 2, 2026.

“We delivered our sixth consecutive quarter of double-digit bookings growth,” said Vincent Pilette, CEO of Gen. “We reached a record high customer count, alongside strong product engagement and retention. Innovation across our brands and continued investment in our platform are resonating with consumers. We’re building on that momentum to expand how we help people protect and manage their digital and financial lives in an increasingly agentic AI world.”

Q2 Fiscal Year 2027 Financial Highlights

Q2 GAAP Results

•Revenue of $1.369 billion, up 12%

•Operating income of $507 million, up 16%

•Diluted EPS of $0.48, up 122%

•Year-to-date operating cash flow of $760 million, up 45%

Q2 Non-GAAP Results

•Bookings of $1.347 billion, up 10%

•Revenue of $1.369 billion, up 12%

•Operating income of $686 million, up 10%

•Diluted EPS of $0.74, up 19%

•Year-to-date free cash flow of $753 million, up 47%

“Our second quarter results reflect the durability of our business model and continued momentum across both segments,” said Natalie Derse, CFO of Gen. “Customer demand is strong, and we remain disciplined about investment, efficiency and profitable growth. That balance gives us the confidence to invest in our highest potential opportunities and raise full-year guidance again. We remain focused on consistent execution and lasting value for customers and shareholders.”

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Non-GAAP Q3 Fiscal Year 2027 Guidance

•Q3 FY27 Revenue expected to be in the range of $1.365 billion to $1.390 billion

•Q3 FY27 EPS expected to be in the range of $0.73 to $0.75

Raises Non-GAAP Fiscal Year 2027 Guidance

•FY27 Revenue expected to be in the range of $5.465 billion to $5.515 billion, compared to prior guidance of $5.375 billion to $5.475 billion

•FY27 EPS expected to be in the range of $2.93 to $2.98, compared to prior guidance of $2.87 to $2.97

Quarterly Cash Dividend

Gen's Board of Directors has approved a regular quarterly cash dividend of $0.125 per common share to be paid on December 9, 2026, to all shareholders of record as of the close of business on November 16, 2026.

Q2 Fiscal Year 2027 Earnings Call

October 28, 2026

2 p.m. PT / 5 p.m. ET

Webcast & Dial-in instructions at Investor.GenDigital.com. A replay will be posted following the call. For additional details regarding Gen's results and outlook, please see the Financials section of the Investor Relations website at Investor.GenDigital.com.

About Gen

Gen (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom. Through its trusted brands including Norton, Avast, LifeLock, MoneyLion and Engine, Gen helps people protect and take control of their digital and financial lives. As AI reshapes how people discover, decide and transact, Gen is building the security and trust layer to empower people and their agents to navigate digital life more safely. Gen empowers nearly 500 million users in more than 150 countries through its products and services that span cybersecurity, online privacy, identity protection and financial wellness. Learn more at GenDigital.com.

Forward-Looking Statements

This press release contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as "expect," "will," "continue," or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to, the quotes under “Q2 Fiscal Year 2027 Financial Highlights” including expectations relating to achievement of long-term objectives, and the statements under "Non-GAAP Q3 Fiscal Year 2027 Guidance" and "Non-GAAP Fiscal Year 2027 Guidance" including expectations relating to Q3 Fiscal Year 2027 and Fiscal Year 2027 non-GAAP revenue and non-GAAP EPS, and any statements of assumptions underlying any of the foregoing. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include, but are not limited to, those related to: the consummation of or anticipated impacts of acquisitions (including our

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ability to achieve synergies and associat

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