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Amundi trimmed its position in shares of Gen Digital Inc. (NASDAQ:GEN – Free Report) by 19.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,325,613 shares of the company’s stock after selling 826,732 shares during the quarter. Amundi owned about 0.56% of Gen Digital worth $82,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Gen Digital during the fourth quarter valued at approximately $27,000. Grove Bank & Trust lifted its holdings in shares of Gen Digital by 452.2% during the 2nd quarter. Grove Bank & Trust now owns 1,132 shares of the company’s stock valued at $28,000 after purchasing an additional 927 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Gen Digital by 65.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after purchasing an additional 611 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Gen Digital in the 2nd quarter worth $47,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Stock Performance Shares of GEN stock opened at $29.76 on Thursday. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.94 and a beta of 1.22. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The business has a fifty day moving average of $28.06 and a 200 day moving average of $24.19. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $31.65.

Gen Digital (NASDAQ:GEN – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. As a group, research analysts expect that Gen Digital Inc. will post 2.64 earnings per share for the current year. Gen Digital Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 17th. Gen Digital’s dividend payout ratio is 29.07%.

Insider Buying and Selling In other Gen Digital news, Director Ondrej Vlcek sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the completion of the transaction, the director directly owned 3,332,904 shares of the company’s stock, valued at approximately $99,987,120. This trade represents a 5.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Bryan Seuk Ko sold 28,248 shares of Gen Digital stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $30.67, for a total transaction of $866,366.16. Following the sale, the chief operating officer owned 744,262 shares of the company’s stock, valued at approximately $22,826,515.54. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 558,508 shares of company stock worth $16,356,093. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In GEN has been the topic of several recent analyst reports. Royal Bank Of Canada upped their target price on Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Barclays raised their price target on Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Wells Fargo & Company boosted their price target on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.60.

Check Out Our Latest Research Report on Gen Digital

Gen Digital Company Profile (Free Report)

Gen Digital Inc (NASDAQ: GEN) is a global cybersecurity and consumer safety company that provides products designed to help individuals and families protect their devices, online identities, personal information and digital privacy. The company serves customers through a portfolio of consumer-focused cybersecurity and privacy brands.

Its products and services include antivirus and device security, identity theft protection, virtual private networks, password management, online privacy tools, scam protection and family safety features.

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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Gen Digital (GEN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Gen Digital is a member of the Business Services sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Gen Digital is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for GEN's full-year earnings has moved 1.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, GEN has gained about 12.7% so far this year. At the same time, Business Services stocks have lost an average of 9.2%. This means that Gen Digital is performing better than its sector in terms of year-to-date returns.

Ingram Micro (INGM - Free Report) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 35.2%.

The consensus estimate for Ingram Micro's current year EPS has increased 3.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Gen Digital belongs to the Technology Services industry, a group that includes 122 individual stocks and currently sits at #162 in the Zacks Industry Rank. On average, stocks in this group have lost 10.5% this year, meaning that GEN is performing better in terms of year-to-date returns. Ingram Micro is also part of the same industry.

Gen Digital and Ingram Micro could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.

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Stock to Watch: Gen Digital (GEN - Free Report) Gen Digital is one of the leading providers of cyber security solutions. The company is known for some of the popular brands in security and utilities, including Norton Anti-Virus, Norton Internet Security and Norton System Works.

GEN is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Business Services stock. GEN has a Momentum Style Score of A, and shares are up 6.2% over the past four weeks.

Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2027, while the Zacks Consensus Estimate has increased $0.01 to $2.91 per share. GEN also boasts an average earnings surprise of +2.3%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, GEN should be on investors' short list.

Gen Digital is rated a cautious BUY, supported by a base-case value of $32 per share, about 14% above its current price. GEN's MoneyLion acquisition aims to monetize its vast customer base via cross-selling financial and Cyber Safety products, though integration benefits remain unquantified. Trust-Based Solutions revenue grew 24% but carries lower margins (~30%) than Cyber Safety, impacting overall profitability as it becomes a larger revenue share.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Aurora Investment Counsel purchased a new position in Gen Digital Inc. (NASDAQ:GEN – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 66,099 shares of the company’s stock, valued at approximately $1,645,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in shares of Gen Digital in the 2nd quarter valued at approximately $25,920,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Gen Digital by 9.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,639 shares of the company’s stock valued at $30,128,000 after acquiring an additional 102,345 shares in the last quarter. Legal & General Group Plc lifted its stake in Gen Digital by 3.8% during the fourth quarter. Legal & General Group Plc now owns 9,085,216 shares of the company’s stock worth $247,027,000 after purchasing an additional 334,156 shares during the last quarter. National Pension Service boosted its holdings in Gen Digital by 13.6% in the fourth quarter. National Pension Service now owns 934,892 shares of the company’s stock worth $25,420,000 after purchasing an additional 112,136 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Gen Digital by 17.9% in the first quarter. The Manufacturers Life Insurance Company now owns 384,754 shares of the company’s stock worth $7,245,000 after purchasing an additional 58,319 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Gen Digital Stock Performance GEN stock opened at $27.54 on Thursday. Gen Digital Inc. has a 1 year low of $17.78 and a 1 year high of $31.88. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 16.01 and a beta of 1.21. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. The stock’s fifty day moving average is $26.31 and its two-hundred day moving average is $23.50.

Gen Digital (NASDAQ:GEN – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, research analysts predict that Gen Digital Inc. will post 2.64 EPS for the current year. Gen Digital Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a $0.125 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.50 annualized dividend and a yield of 1.8%. Gen Digital’s dividend payout ratio is 29.07%.

Wall Street Analyst Weigh In A number of brokerages have weighed in on GEN. Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Royal Bank Of Canada lifted their price target on shares of Gen Digital from $27.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Barclays raised their target price on shares of Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.67.

View Our Latest Stock Analysis on Gen Digital

Insiders Place Their Bets In other Gen Digital news, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the sale, the director owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Travis Michael Witteveen sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $29.42, for a total transaction of $882,600.00. Following the completion of the sale, the insider owned 496,545 shares in the company, valued at $14,608,353.90. The trade was a 5.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 130,440 shares of company stock worth $3,372,946. Insiders own 9.70% of the company’s stock.

Gen Digital Company Profile (Free Report)

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.

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New features, product experience, and brand identity reflect LifeLock's mission to protect the life you're building

, /PRNewswire/ -- Generative AI is making it easier than ever for scammers and identity thieves to dupe victims – forging fake IDs, cloning voices and faces, and committing fraud at scale. Amid this surge in AI-powered scams and synthetic identity theft, LifeLock, the leader in identity theft protection in the U.S. and a brand of Gen (NASDAQ: GEN), today announced new scam protection and reimbursement features, and a redesigned product experience and brand identity. These updates reflect how identity protection has become essential to safeguarding everything people are building, including their money, assets, and future.

Meet the new LifeLock, refreshed to reflect the people at the center of what we do. Our look has evolved. Our commitment hasn’t. The move comes as Gen's newly launched Fearless Planet Index, which tracks scams and cyber threats across 245 countries and territories, recorded more than 120 million phishing attacks in its latest 30-day snapshot, with scams and malicious advertising accounting for more than 80% of categorized threats. Meanwhile, synthetic identity theft, which involves stitching real and fabricated details into an entirely new identity, is fraud's fastest-growing frontier, and generative AI is supercharging it: forging realistic IDs, cloning faces and voices to beat verification checks, and powering thousands of dormant 'sleeper' identities that mimic real financial behavior before cashing out.

"Behind every identity is a person building a life, and that person has always been at the center of our mission," said Ian Bednowitz, general manager for LifeLock. "What has changed is the threat. In the wrong hands, AI can now forge a face, a voice, even a whole identity – making scams faster, more convincing and harder to spot than even a few years ago, and one exposure can now reach a whole family's finances. We rebuilt how members experience protection, from real-time scam verification to a redesigned product experience that makes it faster to see and act on a threat, lock your credit down and easily see all the areas of your life LifeLock is protecting."

Recent feature additions for members

Real-time scam verification: members can check whether a suspicious message or offer is a scam as it's happening, not after the damage is done. Scam Reimbursement1: plus expert guidance on how to handle even the most complex scams, so members aren't on their own when something slips through. Card Exposure Control: helps members find and remove exposed card information online. Enhanced anomaly detection: flags suspicious activity across financial accounts early, before small problems become big ones. These capabilities extend LifeLock's core promise: comprehensive monitoring, an expert restoration team, and white-glove support working together so members are never left navigating identity theft alone. Should identity theft occur, LifeLock flags risks early, guides members through recovery, and reimburses losses so they can feel whole again.

A redesigned product experience built around faster action

Alongside the new protections, LifeLock is rolling out a redesigned product experience to make protection easier to use. The redesign is built to help members seamlessly check and respond to alerts, lock or unlock their credit with a few clicks, and quickly see the full picture of their identity, money and assets. LifeLock members can now more easily manage their protection from wherever life happens with a more consumer-friendly and intuitive experience that puts the information they need front and center.

A new look to match LifeLock's next chapter

Today, LifeLock also unveiled a refreshed brand identity to reflect its ambition to protect what people have worked to build for themselves and their families. The brand updates include a new color palette and a meaningful, human-centered logo. LifeLock has transformed the two capital Ls in its name into a distinctive Signature L Frame logo that becomes a window to frame the lives of the very people LifeLock protects. LifeLock is here to surround them with the protection they need so they can keep building their lives without fear of losing what they've worked hard for.

This complements LifeLock's new lineup of three plans: LifeLock Core, LifeLock Advanced and LifeLock Total. The rollout of the new LifeLock experience begins today with more to come in the weeks ahead. To learn more, visit LifeLock.Norton.com.

About LifeLock
LifeLock is the leader in identity theft protection in the U.S., and a brand of Gen (NASDAQ: GEN), a global company dedicated to powering Digital Freedom through its family of trusted consumer brands. Millions of customers trust LifeLock to help protect their identities. LifeLock detects and alerts people to possible identity threats, and its dedicated Identity Restoration Specialists help people restore their identity if they do become a victim. All LifeLock members also have coverage through LifeLock's Million Dollar Protection™ Package which provides additional coverage for stolen funds and lawyer and expert support. Learn more at LifeLock.Norton.com and GenDigital.com.

Media Contact:
Jenna Torluemke
[email protected]

1 Scam protection coverage as part of identity theft benefits is currently available to all customers residing in the United States, including U.S. territories and the District of Columbia, with the exception of residents of New York. Gen Digital is not a licensed insurance producer. Benefits under the Master Policy are issued and covered by HSB Specialty Insurance Company. You can find further details and exclusions in the Summary of Benefits at LifeLock.com/legal.

SOURCE Gen Digital Inc.

Posted by Defense World Staff on Aug 9th, 2026

Shares of Gen Digital Inc. (NASDAQ:GEN – Get Free Report) have received an average rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $31.6667.

A number of research firms have commented on GEN. Barclays upped their target price on shares of Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada upped their price objective on shares of Gen Digital from $27.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday. Argus raised shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday.

Read Our Latest Report on Gen Digital

Gen Digital Price Performance NASDAQ:GEN opened at $29.17 on Thursday. Gen Digital has a 52 week low of $17.78 and a 52 week high of $32.22. The stock’s fifty day moving average is $25.96 and its two-hundred day moving average is $23.33. The company has a market capitalization of $17.46 billion, a P/E ratio of 16.96 and a beta of 1.21. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Gen Digital had a return on equity of 57.01% and a net margin of 20.73%.The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. Equities analysts expect that Gen Digital will post 2.61 EPS for the current year.

Gen Digital Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, August 17th. Gen Digital’s dividend payout ratio is 31.65%.

Insider Buying and Selling at Gen Digital In other news, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the transaction, the director directly owned 3,832,724 shares in the company, valued at $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Chrystal acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $27.06 per share, for a total transaction of $81,180.00. Following the acquisition, the director directly owned 31,419 shares in the company, valued at approximately $850,198.14. This trade represents a 10.56% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 9.70% of the company’s stock.

Institutional Trading of Gen Digital Institutional investors and hedge funds have recently bought and sold shares of the business. Wealthfront Advisers LLC acquired a new stake in shares of Gen Digital during the second quarter worth about $965,000. Foster & Motley Inc. acquired a new position in shares of Gen Digital in the second quarter valued at approximately $1,204,000. Meeder Advisory Services Inc. acquired a new position in shares of Gen Digital in the second quarter valued at approximately $584,000. Dunhill Financial LLC acquired a new position in shares of Gen Digital in the second quarter valued at approximately $50,000. Finally, Deutsche Bank AG purchased a new stake in Gen Digital during the 2nd quarter worth approximately $146,639,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Gen Digital Here are the key news stories impacting Gen Digital this week:

Positive Sentiment: Quarterly results exceeded expectations. Gen Digital reported fiscal Q1 2027 adjusted EPS of $0.71, versus the $0.69 consensus estimate, while revenue increased 6.3% year over year to $1.34 billion, topping expectations of $1.31 billion. EPS also improved from $0.64 a year earlier. Gen Digital quarterly earnings report Positive Sentiment: Management raised fiscal 2027 targets. Gen Digital now expects full-year EPS of $2.87 to $2.97 and revenue of $5.4 billion to $5.5 billion, above analyst consensus of $2.83 EPS and approximately $5.4 billion in revenue. Second-quarter EPS guidance of $0.71 to $0.73 also exceeds the $0.70 consensus estimate. Reuters report on Gen Digital’s raised forecast Positive Sentiment: Cybersecurity demand remains supportive. The company cited strong demand for its family of digital-security products, double-digit bookings growth and increasing online threats powered by artificial intelligence. These trends support recurring revenue and Gen Digital’s growth outlook. Gen Digital fiscal Q1 2027 results release Positive Sentiment: Barclays raised its price target from $27 to $32 while maintaining an Equal Weight rating, suggesting additional potential upside based on the firm’s updated valuation. Benzinga analyst update Neutral Sentiment: Gen Digital declared a quarterly dividend of $0.125 per share. Investors of record on August 17 will receive payment on September 9. The dividend provides ongoing shareholder income, although the 1.7% yield is unlikely to be the primary catalyst for the stock. Negative Sentiment: Wells Fargo raised its price target from $22 to $28 but retained an Equal Weight rating. The new target remains below the stock’s current trading level, signaling valuation caution despite the improved earnings outlook. Benzinga analyst update Gen Digital Company Profile (Get Free Report)

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.

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Revenue: Q1 fiscal 2027 revenue increased 11% year-over-year to $1.34 billion, the fastest growth rate since Gen was created.Bookings: Record bookings grew 11%

Gen Digital Inc. (GEN) Q1 2027 Earnings Call Transcript

Aug 6 (Reuters) - Gen Digital (GEN.O), opens new tab raised full-year revenue and profit forecast on Thursday, signaling robust demand for its ​family of cybersecurity products in the face of ‌growing AI-powered online threats.

The digital security company has been capitalizing on a heightened threat environment, where generative AI tools are ​making it easier for criminals to create sophisticated ​phishing emails, scams and identity theft attacks.

Learn about the latest breakthroughs in AI and tech with the Reuters Artificial Intelligencer newsletter. Sign up here.

Here are ⁠a few details on the quarter:

Consumer anxiety surrounding AI-enabled ​fraud has become the primary catalyst for new customer acquisitions, ​CEO Vincent Pilette told Reuters.

Gen is seeing membership grow for its flagship Norton 360, which is its comprehensive digital safety and ​anti-malware suite of products, Pilette said.

Looking ahead to fiscal ​2027, Pilette pointed to monetization of financial wellness adoption as the ‌key ⁠marker of success.

Gen expects "$100 million incremental revenue coming from financial wellness adoption" over the next 18 months.

The company expects fiscal 2027 revenue in the range of $5.38 billion ​to $5.48 billion, compared ​with its ⁠prior forecast of $5.33 billion to $5.43 billion.

It sees adjusted earnings per share between $2.87 and $2.97, compared ​with a prior range of $2.85 to $2.95.

Gen reported ​revenue of $1.34 ⁠billion for the quarter ended July 3, compared with analysts' average estimate of $1.31 billion, according to data compiled by ⁠LSEG.

On ​an adjusted basis, Gen Digital ​earned 71 cents per share, ahead of the estimate of 69 cents.

Reporting ​by Juby Babu in Mexico City; Editing by Shilpi Majumdar

Our Standards: The Thomson Reuters Trust Principles., opens new tab

, /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, released its results for its first quarter fiscal year 2027, which ended July 3, 2026.

Q1 FY27 Beat and Raise Annual Guidance "We are deepening our trusted relationships with customers, helping them stay secure and confident across their digital and financial lives," said Vincent Pilette, CEO of Gen. "The Gen platform brings Cyber Safety, Identity Protection, and Financial Wellness together, creating more value for customers and driving stronger performance across our portfolio. Our Q1 results show the model is working: a beat-and-raise start to fiscal 2027. And we are only beginning to unlock what this platform can deliver."

Q1 Fiscal Year 2027 Financial Highlights
Q1 FY27 consisted of 13 weeks, while Q1 FY26 consisted of 14 weeks. Non-GAAP adjusted growth rates are calculated on a comparable basis, excluding the extra fiscal week in Q1 FY26 and including MoneyLion's stub period financial results in the prior year period. The reconciliation is available below.

Q1 GAAP Results

Revenue of $1.336 billion, up 6%      Operating income of $443 million, down 1% Diluted EPS of $0.36, up 65% Operating cash flow of $434 million Q1 Non-GAAP Results

Bookings of $1.284 billion, up 11% Revenue of $1.336 billion, up 11% Operating income of $668 million, up 9% Diluted EPS of $0.71, up 19% Free cash flow of $430 million "Our first quarter results reflect the strength and consistency of our business model, with broad-based growth across both of our segments," said Natalie Derse, CFO of Gen. "We delivered revenue above our guidance range and beat expectations and achieving high-teens growth in non-GAAP EPS while continuing to invest in innovation.  As we continue to execute our strategy, we are confident in our outlook, the durability of our operating model and our ability to unlock stronger platform economics as we scale."

Non-GAAP Q2 Fiscal Year 2027 Guidance

Q2 FY27 Revenue expected to be in the range of $1.325 billion to $1.350 billion Q2 FY27 EPS expected to be in the range of $0.71 to $0.73 Raises Non-GAAP Fiscal Year 2027 Guidance

FY27 Revenue expected to be in the range of $5.375 billion to $5.475 billion, compared to prior guidance of $5.325 billion to $5.425 billion FY27 EPS expected to be in the range of $2.87 to $2.97, compared to prior guidance of $2.85 to $2.95 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 September 9, 2026, to all shareholders of record as of the close of business on August 17, 2026.

Q1 Fiscal Year 2027 Earnings Call
August 6, 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 consumer brands including Norton, Avast, LifeLock, MoneyLion and more. The Gen family of consumer brands is rooted in providing financial empowerment and cyber safety for the first digital generations. Today, Gen empowers people to live their digital lives safely, privately and confidently for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to nearly 500 million users in more than 150 countries. 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 "Q1 Fiscal Year 2027 Financial Highlights" including expectations relating to achievement of long-term objectives, and the statements under "Non-GAAP Q2 Fiscal Year 2027 Guidance" and "Non-GAAP Fiscal Year 2027 Guidance" including expectations relating to Q2 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 ability to achieve synergies and associated cost savings from any such acquisitions); divestitures, restructurings, stock repurchases, financings, debt repayments and investment activities; the outcome or impact of pending litigation, claims or disputes; difficulties in executing the operating model for the consumer Cyber Safety business; lower than anticipated returns from our investments in direct customer acquisition; difficulties in retaining our existing customers and converting existing non-paying customers to paying customers; difficulties and delays in reducing run rate expenses and monetizing underutilized assets; the successful development of new products and upgrades and the degree to which these new products and upgrades gain market acceptance; our ability to maintain our customer and partner relationships; the anticipated growth of certain market segments;  fluctuations and volatility in our stock price; our ability to successfully execute strategic plans; the vulnerability of our solutions, systems, websites and data to intentional disruption by third parties; changes to existing accounting pronouncements or taxation rules or practices; and general business and macroeconomic changes in the U.S. and worldwide, including economic recessions, the impact of inflation, fluctuations in foreign currency exchange rates, changes in interest rates or tax rates, and ongoing and new geopolitical conflicts, and other global macroeconomic factors on our operations and financial performance. Additional information concerning these and other risk factors is contained in the Risk Factors sections of our most recent reports on Form 10-K and Form 10-Q. We encourage you to read those sections carefully. There may also be other factors that have not been anticipated or are not described in our periodic filings, generally because we did not believe them to be significant at the time, which could cause actual results to differ materially from our projections and expectations. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. We assume no obligation, and do not intend, to update these forward-looking statements as a result of future events or developments.

Use of Non-GAAP Financial Information
We use non-GAAP measures of operating margin, operating income, net income and earnings per share, which are adjusted from results based on GAAP and exclude certain expenses, gains and losses. We also provide the non-GAAP metrics of revenues, and constant currency revenues. These non-GAAP financial measures are provided to enhance the user's understanding of our past financial performance and our prospects for the future, and to provide more meaningful comparisons of our current results to our historical performance by adjusting items that affect comparability between periods. Our management team uses these non-GAAP financial measures in assessing Gen's performance, as well as in planning and forecasting future periods. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies. Non-GAAP financial measures are supplemental, should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Readers are encouraged to review the reconciliation of our non-GAAP financial measures to the comparable GAAP results, which is attached to our quarterly earnings release, and which can be found, along with other financial information including the Earnings Presentation, on the investor relations page of our website at Investor.GenDigital.com. No reconciliation of the forecasted range for non-GAAP revenues and EPS guidance is included in this release because most non-GAAP adjustments pertain to events that have not yet occurred. It would be unreasonably burdensome to forecast, therefore we are unable to provide an accurate estimate.

CONTACTS  

Investor Contact
Ben Lu 
Gen
[email protected] 

Media Contact       
Audra Proctor
Gen       
[email protected] 

GEN DIGITAL INC.

Condensed Consolidated Balance Sheets

(Unaudited, in millions)

July 3, 2026

April 3, 2026

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$            564

$            411

Accounts receivable, net

378

361

Other current assets

286

295

Assets held for sale

40

14

     Total current assets

1,268

1,081

Property and equipment, net

70

71

Intangible assets, net

2,046

2,096

Goodwill

10,938

10,996

Deferred income tax assets

1,135

1,153

Other long-term assets

187

192

        Total assets

$        15,644

$       15,589

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:

Accounts payable

$               96

$              96

Accrued compensation and benefits

75

115

Current portion of long-term debt

181

181

Contract liabilities

1,843

1,904

Other current liabilities

527

414

     Total current liabilities

2,722

2,710

Long-term debt

7,975

8,015

Long-term contract liabilities

76

73

Deferred income tax liabilities

190

198

Long-term income taxes payable

1,614

1,588

Other long-term liabilities

411

394

        Total liabilities

12,988

12,978

        Total stockholders' equity (deficit)

2,656

2,611

Total liabilities and stockholders' equity (deficit)

$         15,644

$         15,589

GEN DIGITAL INC.

Condensed Consolidated Statements of Operations

(Unaudited, in millions, except per share amounts)

Three Months Ended

July 3, 2026

July 4, 2025

Net revenues

$          1,336

$          1,257

Cost of revenues

307

267

Gross profit

1,029

990

Operating expenses:

Sales and marketing

300

297

Research and development

118

109

General and administrative

80

74

Amortization of intangible assets

56

54

Restructuring and other costs

32

10

     Total operating expenses

586

544

Operating income (loss)

443

446

Interest expense

(124)

(156)

Other income (expense), net

4

10

Income (loss) before income taxes

323

300

Income tax expense (benefit)

108

165

Net income (loss)

$            215

$            135

Net income (loss) per share - basic

$           0.36

$           0.22

Net income (loss) per share - diluted

$           0.36

$           0.22

Weighted-average shares outstanding:

Basic

599

617

Diluted

603

624

GEN DIGITAL INC.

Condensed Consolidated Statements of Cash Flows

(Unaudited, in millions)

Three Months Ended

July 3, 2026

July 4, 2025

OPERATING ACTIVITIES:

Net income (loss)

$            215

$            135

Adjustments:

Amortization and depreciation

123

123

Stock-based compensation expense

54

66

Loss on sale of Instacash Advances

60

36

Deferred income taxes

(9)

11

Loss on sale of property

—

1

Non-cash operating lease expense

4

4

Foreign currency remeasurement loss (gain)

(1)

86

Other

9

10

Changes in operating assets and liabilities, net of acquisitions:

     Accounts receivable, net

(13)

10

     Accounts payable

1

(48)

     Accrued compensation and benefits

(39)

(21)

     Contract liabilities

(56)

(69)

     Income taxes payable

75

61

     Instacash Advances held for sale, net

(86)

(47)

     Other assets

(3)

58

     Other liabilities

100

(7)

        Net cash provided by (used in) operating activities

434

409

INVESTING ACTIVITIES:

Purchases of property and equipment

(4)

(4)

Payments for acquisitions, net of cash acquired

—

(876)

Payments for originations of notes receivable

(85)

—

Proceeds from principal repayments of notes receivable

77

—

Proceeds from the sale of property

—

9

Other

(3)

(2)

        Net cash provided by (used in) investing activities

(15)

(873)

FINANCING ACTIVITIES:

Repayments of debt

(45)

(191)

Proceeds from issuance of debt, net of issuance costs (1)

—

741

Tax payments related to vesting of stock units

(41)

(44)

Dividends and dividend equivalents paid

(81)

(82)

Repurchases of common stock

(100)

(134)

        Net cash provided by (used in) financing activities

(267)

290

Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash

1

(4)

Change in cash, cash equivalents and restricted cash

153

(178)

Beginning cash, cash equivalents and restricted cash

411

1,006

Ending cash, cash equivalents and restricted cash

$            564

$            828

______________________

 (1)  Issuance costs paid for issuance of debt for three months ended July 4, 2025 were $9 million.

GEN DIGITAL INC.

Reconciliation of Selected GAAP Measures to Non-GAAP Measures (1) (2)

(Unaudited, in millions, except per share amounts)

Three Months Ended

July 3, 2026

July 4, 2025

Operating income (loss)

$           443

$           446

Stock-based compensation

50

66

Amortization of intangible assets

119

119

Restructuring and other costs

32

10

Acquisition and integration costs

1

5

Litigation costs

23

5

Other

—

(1)

Operating income (loss) (Non-GAAP)

668

650

Extra week

—

(44)

MoneyLion stub period

—

8

Adjusted operating income (loss) (Non-GAAP) (3)

$           668

$           614

Operating margin

33.2 %

35.5 %

Operating margin (Non-GAAP)

50.0 %

51.7 %

Net income (loss)

$           215

$           135

Adjustments to net income (loss):

Stock-based compensation

50

66

Amortization of intangible assets

119

119

Restructuring and other costs

32

10

Acquisition and integration costs

1

5

Litigation costs

23

5

Other

—

(3)

Non-cash interest expense

5

7

Loss (gain) on sale of properties and nonfinancial assets

—

1

     Total adjustments to GAAP income (loss) before income taxes

230

210

     Adjustment to GAAP provision for income taxes

(14)

53

        Total adjustment to income (loss), net of taxes

216

263

Net income (loss) (Non-GAAP)

431

398

Extra week

—

(30)

MoneyLion stub period

—

8

Adjusted net income (loss) (Non-GAAP) (3)

$           431

$           376

Diluted net income (loss) per share

$          0.36

$          0.22

Adjustments to diluted net income (loss) per share:

Stock-based compensation

0.08

0.11

Amortization of intangible assets

0.20

0.19

Restructuring and other costs

0.05

0.02

Acquisition and integration costs

0.00

0.01

Litigation costs

0.04

0.01

Other

—

(0.00)

Non-cash interest expense

0.01

0.01

Loss (gain) on sale of properties and nonfinancial assets

—

0.00

     Total adjustments to GAAP income (loss) before income taxes

0.38

0.34

     Adjustment to GAAP provision for income taxes

(0.02)

0.08

        Total adjustment to income (loss), net of taxes

0.36

0.42

Diluted net income (loss) per share (Non-GAAP)

0.71

0.64

Extra week

—

(0.05)

MoneyLion stub period

—

0.01

Adjusted diluted net income (loss) per share (Non-GAAP) (3)

$          0.71

$          0.60

Diluted weighted-average shares outstanding

603

624

Diluted weighted-average shares outstanding (Non-GAAP)

603

624

Three Months Ended

July 3, 2026

July 4, 2025

Net cash provided by (used in) operating activities

$          434

$          409

Adjustments to net cash provided by (used in) operating activities:

Purchases of property and equipment

(4)

(4)

Free cash flow (Non-GAAP)

$          430

$          405

______________________

(1)

This presentation includes non-GAAP measures. Non-GAAP financial measures are supplemental and should not be considered a substitute for financial information presented in accordance with GAAP.  For a detailed explanation of these non-GAAP measures, see Appendix A.

(2)

Amounts may not add due to rounding.

(3)

The three months ended July 3, 2026 consisted of 13 weeks whereas the three months July 4, 2025 consisted of 14 weeks. Non-GAAP adjusted growth rates are calculated on a comparable basis, excluding the extra fiscal week in the three months July 4, 2025 and including MoneyLion's stub period financial results in the prior year period.

GEN DIGITAL INC.

Performance Metrics

(Unaudited, in millions)

Performance Metrics

Three Months Ended

July 3, 2026

July 4, 2025

Cyber Safety Platform

$             846

$            869

Trust-Based Solutions

490

388

Total net revenues

1,336

1,257

Direct revenues

$          1,063

$         1,054

Partner revenues

273

203

Total net revenues

$          1,336

$         1,257

Total net revenues

$          1,336

$         1,257

Extra week impact

—

(87)

MoneyLion stub period

—

38

Total adjusted net revenues (Non-GAAP) (1)                                                                                

$          1,336

$         1,208

Total bookings

$          1,284

$         1,202

Extra week impact

—

(82)

MoneyLion stub period

—

38

Total adjusted bookings (1)

$          1,284

$         1,158

As of

July 3, 2026

July 4, 2025

Total paid customers

81

76

______________________

(1)

The three months ended July 3, 2026 consisted of 13 weeks whereas the three months ended July 4, 2025 consisted of 14 weeks. Non-GAAP adjusted growth rates are calculated on a comparable basis, excluding the extra fiscal week in the three months ended July 4, 2025 and including MoneyLion's stub period financial results in the prior year period.

GEN DIGITAL INC.
Appendix A
Explanation of Non-GAAP Measures and Other Items

Objective of non-GAAP measures: We believe our presentation of non-GAAP financial measures, when taken together with corresponding GAAP financial measures, provides meaningful supplemental information regarding the Company's operating performance for the reasons discussed below. Our management team uses these non-GAAP financial measures in assessing our performance, as well as in planning and forecasting future periods. Due to the importance of these measures in managing the business, we use non-GAAP measures in the evaluation of management's compensation. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies.  Non-GAAP financial measures are supplemental and should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. 

Stock-based compensation: This consists of expenses for employee restricted stock units, performance-based awards, stock options and our employee stock purchase plan, determined in accordance with GAAP.  We evaluate our performance both with and without these measures because stock-based compensation is a non-cash expense and can vary significantly over time based on the timing, size, nature and design of the awards granted, and is influenced in part by certain factors that are generally beyond our control, such as the volatility of the market value of our common stock. In addition, for comparability purposes, we believe it is useful to provide a non-GAAP financial measure that excludes stock-based compensation to facilitate the comparison of our results to those of other companies in our industry. 

Amortization of intangible assets: Amortization of intangible assets consists of amortization of acquisition-related intangibles assets such as developed technology, customer relationships and trade names acquired in connection with business combinations. We record charges relating to the amortization of these intangibles within both cost of revenues and operating expenses in our GAAP financial statements.  Under purchase accounting, we are required to allocate a portion of the purchase price to intangible assets acquired and amortize this amount over the estimated useful lives of the acquired intangible assets. However, the purchase price allocated to these assets is not necessarily reflective of the cost we would incur to internally develop the intangible asset. Further, amortization charges for our acquired intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. We eliminate these charges from our non-GAAP operating results to facilitate an evaluation of our current operating performance and provide better comparability to our past operating performance.

Restructuring and other costs: Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements, contract termination costs, and assets write-offs, as well as other exit and disposal costs. Included in other exit and disposal costs are costs to exit and consolidate facilities in connection with restructuring events. We exclude restructuring and other costs from our non-GAAP results as we believe that these costs are incremental to core activities that arise in the ordinary course of our business and do not reflect our current operating performance, and that excluding these charges facilitates a more meaningful evaluation of our current operating performance and comparisons to our past operating performance.

Acquisition-related and integration costs: These represent the transaction and business integration costs related to significant acquisitions that are charged to operating expense in our GAAP financial statements. These costs include incremental expenses incurred to affect these business combinations such as advisory, legal, accounting, valuation, and other professional or consulting fees. We exclude these costs from our non-GAAP results as they have no direct correlation to the operation of our business, and because we believe that the non-GAAP financial measures excluding these costs provide meaningful supplemental information regarding the spending trends of our business. In addition, these costs vary, depending on the size and complexity of the acquisitions, and are not indicative of costs of future acquisitions.

Litigation costs: We may periodically incur charges or benefits related to litigation settlements, legal contingency accruals and third-party legal costs related to certain legal matters. We exclude these charges and benefits when associated with a significant matter because we do not believe they are reflective of ongoing business and operating results. 

Non-cash interest expense and amortization of debt issuance costs: In accordance with GAAP, we separately account for the value of the conversion feature on our convertible notes as a debt discount that reflects our assumed non-convertible debt borrowing rates. We amortize the discount and debt issuance costs over the term of the related debt. We exclude the difference between the imputed interest expense, which includes the amortization of the conversion feature and of the issuance costs, and the coupon interest payments. We extinguished our remaining convertible debt on August 15, 2022. During fiscal 2023, we also started amortizing the debt issuance costs associated with our senior credit facilities, which were secured upon close of the acquisition of Avast. We believe that excluding these costs provides meaningful supplemental information regarding the cash cost of our debt instruments and enhance investors' ability to view the Company's results from management's perspective.

Gain (loss) on extinguishment of debt: We record gains or losses on extinguishment of debt. Gains or losses represent the difference between the fair value of the exchange consideration and the carrying value of the liability component of the debt at the date of extinguishment. We exclude the gain or loss on debt extinguishment in our non-GAAP results because they are not reflective of our ongoing business.

Change in fair value and impairment of non-marketable equity investments: We record gains or losses, unrealized and realized, on equity investments in privately-held companies. We exclude the net gains or losses because we do not believe they are reflective of our ongoing business.

Gain (loss) on sale of properties and nonfinancial assets: We periodically recognize gains or losses from the disposition of land, buildings and nonfinancial assets. We exclude such gains or losses because they are not reflective of our ongoing business and operating results.

Income tax effects and adjustments: We use a non-GAAP tax rate that excludes (1) the discrete impacts of changes in tax legislation, (2) most other significant discrete items, (3) unrealized gains or losses from remeasurement of foreign currency denominated deferred tax items and uncertain tax benefits, and (4) the income tax effects of the non-GAAP adjustment to our operating results described above. We believe making these adjustments facilitates a better evaluation of our current operating performance and comparisons to past operating results. Our tax rate is subject to change for a variety of reasons, such as significant changes in the geographic earnings mix due to acquisition and divestiture activities or fundamental tax law changes in major jurisdictions where we operate.

Diluted GAAP and non-GAAP weighted-average shares outstanding: Diluted GAAP and non-GAAP weighted-average shares outstanding are generally the same, except in periods when there is a GAAP loss from continuing operations. In accordance with GAAP, we do not present dilution for GAAP in periods in which there is a loss from continuing operations. However, if there is non-GAAP net income, we present dilution for non-GAAP weighted-average shares outstanding in an amount equal to the dilution that would have been presented had there been GAAP income from continuing operations for the period.

Bookings: Bookings are defined as customer orders received that are expected to generate net revenues in the future. We present the operational metric of bookings because it reflects customers' demand for our products and services and to assist readers in analyzing our performance in future periods.

Free cash flow: Free cash flow is defined as cash flows from operating activities less purchases of property and equipment. Free cash flow is not a measure of financial condition under GAAP and does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period, and thus should not be considered as an alternative to cash flows from operating activities or as a measure of liquidity.

(Unlevered) Free cash flow: Free cash flow is defined as cash flows from operating activities less purchases of property and equipment. Unlevered free cash flow excludes cash interest expense payments, net of payments received through interest rate swap hedges. Free cash flow is not a measure of financial condition under GAAP and does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period, and thus should not be considered as an alternative to cash flows from operating activities or as a measure of liquidity.

Cyber Safety Platform: Includes our security and privacy products, as well as our cyber safety comprehensive suites which deliver technology solutions and superior threat protection to help people navigate the digital world, securely, privately and confidently.

Trust-Based Solutions: Trust-Based Solutions includes our identity, reputation, and financial wellness products, which provide innovative solutions and insights that empower consumers to grow and manage their identity, reputation and finances confidently.

Direct revenue: Direct revenue reflects subscriptions sold directly through e-commerce or mobile channels, and revenue generated from financial transactions directly made through Gen properties or marketplaces.

Partner revenue: Partner revenue reflects partner-sourced and channel revenue via retailers, employee benefits, telcos, publishers, and strategic partnerships, including revenue generated from product usage or products sold through our financial marketplace.

Paid customers: We define paid customers as active users of our products and solutions, including subscribers with an active paid subscription to our products at the end of the reported period. Paid customers also includes product users with a unique account and at least one revenue-generating transaction in the relevant active period of each respective product category, whether through our first-party personal finance products, transacting through our financial marketplaces, or generating revenue through product usage. We exclude users on free trials and those who have not actively transacted in the relevant period of each respective product category. In order to properly reflect Gen's customer cohorts that contribute to revenue given the dynamic nature of consumers and our product portfolio, our methodology is subject to change from time to time. The methodologies used to measure these metrics require judgment and we regularly review our metrics to improve their accuracy. However, our ability to recalculate our historical metrics may be impacted by data limitations or other factors that require us to apply different methodologies for such adjustments. We generally do not intend to update previously disclosed metrics for any such inaccuracies or adjustments that are deemed not material.

SOURCE Gen Digital Inc.

Key Takeaways Gen Digital expects fiscal first-quarter 2027 revenues of $1.3-$1.325 billion and EPS of 68-70 cents.GEN benefits from demand for AI-powered cybersecurity, identity protection and financial safety solutions.Macroeconomic uncertainty and weak consumer sentiment could hurt GEN's prospects in the near term. Gen Digital (GEN - Free Report) is scheduled to report first-quarter fiscal 2027 results on Aug. 6, after market close.

GEN expects non-GAAP revenues in the band of $1.3-$1.325 billion for the quarter. The Zacks Consensus Estimate for revenues is pegged at $1.30 billion, indicating 3.7% year-over-year growth.

For the fiscal first quarter, Gen Digital expects non-GAAP earnings in the range of 68-70 cents per share. The consensus mark for the same is pegged at 69 cents per share, suggesting a year-over-year rise of 7.8%. The estimate has remained unchanged over the past 30 days.

GEN’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 3.25%.

Factors to Note for GEN's Q1 EarningsGen Digital is expected to have gained from sustained demand for cybersecurity, identity protection and financial safety solutions due to the rapid rise in cyber threats, particularly AI-enabled scams. The emergence of cyber safety and financial wellness is likely to have been a tailwind for Gen Digital in the to-be-reported quarter.

Robust demand for identity theft protection solutions, dark web monitoring, social media monitoring, stolen wallet assistant and ID restoration is expected to have been positive for the quarter under review. Traction in Gen Digital’s unified AI-driven platform, combining data from security, identity and financial behavior and innovation in higher-tier subscriptions like Norton 360 and strong momentum in MoneyLion, is likely to have reinforced monetization tailwinds in the first quarter of fiscal 2027.

Momentum in the quarter is likely to have been supported by the AI-powered Genie Scam Protection feature, Norton Deepfake Detection and Norton Neo. An increase in client bookings, supported by strong retention, international expansion and strategic partnerships, is likely to have aided top-line growth in the fiscal first quarter.

However, Gen Digital’s near-term prospects might have been hurt by growing global economic slowdown concerns amid ongoing macroeconomic uncertainties and geopolitical issues. Weak consumer sentiment could impact discretionary spending on subscriptions. This does not bode well for Gen Digital’s prospects in the near term.

What Our Model Says About GENOur proven model does not conclusively predict an earnings beat for GEN this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.

GEN has an Earnings ESP of 0.00% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks With Favorable CombinationHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.

Arista Networks, Inc. (ANET - Free Report) has an Earnings ESP of +3.08% and carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Arista Networks is set to report second-quarter 2026 results on Aug. 4. The Zacks Consensus Estimate for Arista Networks’ second-quarter 2026 earnings is pegged at 89 cents per share, unchanged over the past 30 days, indicating a rise of 21.9% from the year-ago quarter’s reported figure.

AMETEK (AME - Free Report) has an Earnings ESP of +0.39% and a Zacks Rank #2 at present.

AMETEK is slated to report second-quarter 2026 results on Aug. 4. The Zacks Consensus Estimate for AMETEK’s second-quarter 2026 earnings is pegged at $1.99 per share, unchanged over the past 30 days, indicating a rise of 11.8% from the year-ago quarter’s reported figure.

Advanced Micro Devices (AMD - Free Report) has an Earnings ESP of +1.56% and carries a Zacks Rank #2 at present.

Advanced Micro Devices is set to report second-quarter 2026 results on Aug. 4. The Zacks Consensus Estimate for Advanced Micro Devices’ second-quarter earnings is pegged at $1.61 per share, up by a penny over the past 30 days, indicating a rise of 235.4% from the year-ago quarter’s reported figure.

Posted by Defense World Staff on Jul 29th, 2026

Dimensional Fund Advisors LP lessened its holdings in shares of Gen Digital Inc. (NASDAQ:GEN – Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,108,630 shares of the company’s stock after selling 161,746 shares during the quarter. Dimensional Fund Advisors LP owned 1.01% of Gen Digital worth $115,000,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEN. Goldman Sachs Group Inc. lifted its position in Gen Digital by 1.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after buying an additional 28,522 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Gen Digital in the first quarter worth $205,000. Woodline Partners LP increased its position in shares of Gen Digital by 37.8% in the first quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after acquiring an additional 7,562 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Gen Digital by 9.7% in the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after acquiring an additional 1,980 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insiders Place Their Bets In other Gen Digital news, Director Ondrej Vlcek sold 100,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total value of $2,478,000.00. Following the completion of the transaction, the director directly owned 3,832,724 shares of the company’s stock, valued at $94,974,900.72. This represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Chrystal acquired 3,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $27.06 per share, with a total value of $81,180.00. Following the completion of the transaction, the director owned 31,419 shares in the company, valued at $850,198.14. The trade was a 10.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 9.30% of the company’s stock.

Gen Digital Trading Up 3.1% GEN opened at $27.58 on Wednesday. The firm has a market capitalization of $16.62 billion, a P/E ratio of 17.46 and a beta of 1.21. The firm’s 50 day moving average is $25.47 and its 200-day moving average is $23.22. Gen Digital Inc. has a 52-week low of $17.78 and a 52-week high of $32.22. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. Analysts expect that Gen Digital Inc. will post 2.61 EPS for the current fiscal year.

Gen Digital Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were issued a $0.125 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. Gen Digital’s payout ratio is currently 31.65%.

Wall Street Analyst Weigh In GEN has been the topic of several recent research reports. Argus upgraded shares of Gen Digital to a “strong-buy” rating in a report on Friday, May 22nd. Barclays increased their price target on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $27.00 target price on shares of Gen Digital in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $29.33.

Read Our Latest Stock Analysis on GEN

Gen Digital Company Profile (Free Report)

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.

See Also Five stocks we like better than Gen Digital These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Want to see what other hedge funds are holding GEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gen Digital Inc. (NASDAQ:GEN – Free Report).

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« PREVIOUS HEADLINEFifth Third Bancorp Acquires Shares of 19,122 Schwab 1000 Index ETF $SCHK

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  Vancouver, British Columbia – TheNewswire - July 23, 2026 – Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) (the “Company” or “Generation”) is pleased to announce the receipt of final listing approval from the Listing Committee of the Canadian Securities Exchange (the “CSE”). The common stock of the Company (the “Common Shares”) will begin trading on the CSE on July 24, 2026 under the symbol “GEN” and will continue to be quoted on the OTCQB Venture Market under the symbol “GENRF” and listed on the Frankfurt Stock Exchange under the symbol “W85”.

  About Generation Uranium

Generation Uranium is a Canadian exploration company focused on advancing high quality uranium assets in premier jurisdictions. Its flagship Yath Project is located in Nunavut’s Angilak district, one of Canada’s most active and rapidly emerging uranium camps. Historic work has reported with historic results surface samples up to 9.8% U₃O₈ and 1.0 m at 0.224% U₃O₈ from 25.5 m in drillhole BOG-8-80.

  With a growing portfolio of high priority targets in a well understood uranium district, Generation Uranium is well positioned to make discoveries that contribute meaningfully to the future global supply of clean nuclear energy.

  For Further Information

Michael Collins, P.Geo., CEO

+1 (778) 819-7881

[email protected]

Roger Leschuk, VP Corporate Development

[email protected]

+1 (604) 720-4544

   Neither the CSE, TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV and CSE have neither approved nor disapproved of the contents of this news release.

 

Fifth Third Bancorp increased its stake in Gen Digital Inc. (NASDAQ:GEN – Free Report) by 1,246.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,004 shares of the company’s stock after purchasing an additional 150,894 shares during the quarter. Fifth Third Bancorp’s holdings in Gen Digital were worth $3,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEN. Vanguard Group Inc. lifted its holdings in shares of Gen Digital by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 73,310,110 shares of the company’s stock valued at $1,993,302,000 after purchasing an additional 1,096,313 shares in the last quarter. State Street Corp boosted its position in shares of Gen Digital by 3.4% in the third quarter. State Street Corp now owns 30,558,806 shares of the company’s stock worth $867,565,000 after buying an additional 1,015,755 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Gen Digital by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock valued at $660,730,000 after buying an additional 1,406,869 shares in the last quarter. First Trust Advisors LP raised its position in Gen Digital by 22.3% during the fourth quarter. First Trust Advisors LP now owns 19,941,546 shares of the company’s stock valued at $542,211,000 after buying an additional 3,640,451 shares during the period. Finally, Boston Partners raised its position in Gen Digital by 14.3% during the fourth quarter. Boston Partners now owns 15,644,289 shares of the company’s stock valued at $425,336,000 after buying an additional 1,954,712 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes A number of equities research analysts have commented on GEN shares. Argus upgraded Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. Barclays upped their target price on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $27.00 price objective on shares of Gen Digital in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gen Digital has an average rating of “Hold” and an average target price of $29.33.

View Our Latest Analysis on GEN

Insider Activity at Gen Digital In other Gen Digital news, Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Chrystal acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average cost of $27.06 per share, with a total value of $81,180.00. Following the completion of the acquisition, the director owned 31,419 shares in the company, valued at $850,198.14. This trade represents a 10.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 9.30% of the company’s stock.

Gen Digital Trading Down 0.3% Shares of NASDAQ GEN opened at $26.67 on Tuesday. The business has a 50 day simple moving average of $25.14 and a 200 day simple moving average of $23.24. Gen Digital Inc. has a 52 week low of $17.78 and a 52 week high of $32.22. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 16.88 and a beta of 1.21. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.40 and a current ratio of 0.40.

Gen Digital (NASDAQ:GEN – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. On average, research analysts predict that Gen Digital Inc. will post 2.59 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Gen Digital’s dividend payout ratio is presently 31.65%.

Gen Digital Profile (Free Report)

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.

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New research finds cybercriminals are increasingly exploiting trusted digital experiences rather than relying on obvious malware or technical exploits

, /PRNewswire/ -- Gen (NASDAQ: GEN) today published its H1 2026 Threat Report to help people understand what cyber threats are emerging and what risks are shaping digital life today. A common thread runs through the report: attackers are moving closer to the trusted parts of digital life. Not only are they sending malicious links or dropping malware, they're also abusing context, sessions, workflows, brands, update systems, advertising platforms and delegated authority.

Gen Digital H1 2026 Threat Report Trust Has Become the New Attack Surface
The Threat Report's central finding is a shift in how attacks work. The most effective threats in the first half of 2026 did not rely on technical exploits or obvious deception, they succeeded because they were hard to distinguish from normal digital life. Scams arrived through hotel booking platforms, referencing a real reservation. WhatsApp accounts were compromised not through stolen passwords but by tricking people into approving an attacker's browser as a linked device. Fraud flowed through real, verified financial accounts whose owners were recruited on social media with promises of quick cash. And AI agents, running with permissions the user had already granted, were stopped before executing a reverse shell.

"The most effective attacks in the first half of 2026 didn't look like attacks," said Vita Santrucek, Chief Technology & Development Officer at Gen. "They arrived through booking platforms, family message threads, software update channels and AI agent workflows – all places people already trust. As attackers blend into everyday digital experiences, protection has to move closer to the moments where confidence is earned, exploited or broken."

Across scams, identity breaches, and privacy violations, the pattern is the same: the attack moved inside trusted systems before the danger became visible.

Threat Report Highlights
Gen telemetry and research findings show the following trends across key threat areas over the last six months:

114.2 million e-shop scam attacks blocked, up 109% – highlighting the growing risk of fake online stores targeting shoppers A 387% increase in government impersonation scams – showing criminals are increasingly exploiting trust in public institutions to steal money and information A more than 454% increase in family impersonation scams, while separate "GhostPairing" activity showed how WhatsApp's linked-device feature can be abused to gain persistent access to an account and allow people to impersonate loved ones 20.3 million tech support scam attacks blocked – reflecting continued attempts to trick people into giving scammers remote access to their devices or financial information More than 304 million scam-ad impressions identified across the EU and UK in less than one month, underscoring how easily fraudulent ads can reach people Roughly 1.9 billion tracking attempts blocked during H1 2026 – demonstrating the scale of online tracking that can erode consumer privacy Norton and LifeLock breach notification alerts with attributed leak sources increased 628.1% up to 3.3 million, with more than 10 million breach notifications sent in total – proving more people's personal information is being exposed in data breaches Bank account activity alerts increased 734% – reflecting both expanding monitoring coverage and a sharp rise in flagged financial activity 1 million web skimming attacks blocked, up 212% – showing how attackers continued to target checkout flows where users already expect to enter payment details More than 15.7 million breached records containing email addresses identified, giving cybercriminals more opportunities to target consumers with phishing, scams, and account takeover attempts The report also identifies agentic AI as an emerging security frontier. As AI systems gain the ability to browse, install software, access files, connect to services and take action on behalf of users, attackers are increasingly targeting the permissions and trust these systems rely on. Early telemetry from Sage, Gen's agentic security platform behind features like Norton and Avast's AI Agent Protection, found the most common high-risk AI agent behaviors involved:

Trying to run dangerous system commands Attempting to open a remote command channel, which could let an attacker control the system Downloading and running code from the internet Reading credential files without authorization Creating persistent remote access, such as adding a trusted SSH key Working to override the agent's instructions The full Gen H1 2026 Threat Report is available at https://www.gendigital.com/blog/insights/reports/threat-report-h1-2026 

About Gen
Gen (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted consumer brands including Norton, Avast, LifeLock, MoneyLion and more. The Gen family of consumer brands is rooted in providing financial empowerment and cyber safety for the first digital generations. Today, Gen empowers people to live their digital lives safely, privately and confidently for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to nearly 500 million users in more than 150 countries. Learn more at GenDigital.com.

Media Contact:
Brittany Posey
[email protected]

SOURCE Gen Digital Inc.

3.7.2026 09:24, BAANLOK

Tým analytiků ze společnosti Zacks přistoupil ke zvýšení cílové ceny pro akcie Gen Digital na 27 USD (569,7 Kč) z dřívějších 26 USD (548,6 Kč) při potvrzení doporučení na stupni „neutral“.

Akcie Gen Digital Akcie Gen Digital (BAANLOK) dnes na pražské burze rostou o 1,89% na 540 Kč, na RM-SYSTÉMu pak posilují o 7 % na 535 Kč.

Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

More than half of Americans say they need more money this summer than last year, with Gen Z more than twice as likely as boomers to say the gap is significant

, /PRNewswire/ -- Financial stress is pervasive this summer, but it's not evenly distributed across age groups. According to a new survey from MoneyLion, 52% of Americans say they need more money this summer than last year, with 22% saying they need "significantly more." Gen Z reports the sharpest shortfall: 33% say the gap is significant, compared to 23% of millennials, 20% of Gen X, and 15% of boomers.

Summer Financial Pressure Hits Gen Z The Hardest The results reflect conditions that are particularly difficult for younger adults to absorb. Housing costs, student debt, and wage stagnation in entry-level roles are compressing budgets in ways that older generations largely avoided at the same life stage. Among respondents ages 18 to 24, 23% say they are moving back in with family or taking on roommates this summer because of financial pressure.

"Americans, especially younger generations, are working hard to keep up with rising costs, often without the financial foundation earlier generations could rely on," said Sarah DiCara, Financial Wellness Advocate at MoneyLion. "Our mission is to give everyone the power to make their best financial decisions, and this summer we're focused on helping people get ahead by connecting them with the products, content, and guidance they need to turn that effort into lasting financial progress."

Key Findings

52% of Americans say they need more money this summer than last year; 22% say "significantly more." Gen Z reports the highest rate of financial strain, with 33% citing a significant shortfall, compared to 23% of millennials, 20% of Gen X, and 15% of boomers. 23% of 18- to 24-year-olds are moving back in with family or taking on roommates this summer due to financial pressure. 62% of Gen Z and 52% of millennials plan to earn supplemental income this summer, compared to 39% of all respondents. 15% of 18- to 24-year-olds planning to earn extra cash this summer are considering OnlyFans or other adult-content platforms as a side hustle. 35% of Gen Z say they would work 60 or more hours a week to earn extra income this summer, compared to 25% of millennials. 41% of all Americans are cutting back on dining, entertainment, and social plans. The survey also pushes back on assumptions about how Gen Z spends. Respondents in that age group spend less overall than older generations, and the cutbacks they are making mirror those reported across the full sample. The distinction is not behavior but starting conditions: a labor market that rewards experience, a housing market built on appreciation that predates this generation, and a debt load that many carry before earning their first full-time paycheck.

For Americans looking to strengthen their finances this season, MoneyLion shares a few practical tips to get started:

Pick the side hustle that fits your life, not the trend. Before signing up for a gig platform, weigh startup costs, scheduling, and realistic earnings after expenses. Give summer its own budget. Travel, events, and higher utility bills spike predictably. A separate seasonal budget keeps those costs from eroding rent, debt payments, and savings goals. Build a buffer before you need it. Small, automatic transfers add up over a season, and a modest cushion can be the difference between absorbing a surprise expense and borrowing to cover it. Cut costs without cutting everything. Auditing recurring charges can free up room without touching the plans that make summer worth it. Know your options before you borrow. Comparing rates, fees, and repayment terms upfront helps ensure a short-term bridge doesn't become a long-term setback. More resources are available at moneylion.com/learn.

Survey Methodology
MoneyLion surveyed 1,000 adults ages 18 and over in May 2026.

About MoneyLion
MoneyLion is a leading financial technology platform and part of Gen (NASDAQ: GEN), a global company dedicated to powering Digital Freedom with a family of trusted consumer brands. MoneyLion powers the next generation of personalized products, content, and marketplace technology through its top-rated consumer finance super app, premier embedded finance platform for enterprise businesses, and world-class media arm. Consumers gain control of their finances with an innovative suite of products to save, borrow, spend, and invest, seamlessly integrating the best offers and content from MoneyLion and its 1,300+ enterprise partners into one unified experience. Its mission is to give everyone the power to make their best financial decisions. Learn more at www.moneylion.com.

Media Contact:
Malea Lamb-Hall
Gen
[email protected]

SOURCE Gen Digital Inc.

Dividend stocks started the new year on a bullish foot. With growth stocks surging again, however, dividend payers have fallen a bit back out of favor.

If you're an income-minded investor though, nothing's really changed... except for the price of the tickers you may be interested in owning. A bunch of them now cost much less than they did just a few weeks ago, while a small handful of them are now dirt cheap. Here's a look at three of the S&P 500's (^GSPC +0.50%) top dividend names that are now down 34%, 29%, and a hefty 37% from recent highs that you may want to scoop up at a discount while you can.

Progressive It's been a tough 12-month stretch for Progressive's (PGR +0.32%) shareholders. The insurer's stock is down 29% from last May's peak, largely on (legitimate) concerns that a fantastic 2024 would be a tough act to follow. Not only has its competition stepped up, but the rising cost of reimbursements poses a clear threat to its profitability. The company's also posted some disappointing quarterly numbers in the meantime.

Today's Change

(

0.32

%) $

0.65

Current Price

$

202.91

For all the naysaying, though, it's worth highlighting that last year's net income grew more than 30% on revenue growth of 16%, which widened its underwriting profit margin from 11.2% to 12.6%. The company's off to a pretty good start this year as well, with net income up 10% through the first three months of 2026 on premium growth of 6% and a 9% increase in the total number of active policies.

Investors are waiting for problems that just aren't materializing. They'll figure it out sooner or later, and likely sooner.

Between now and then, however, this stock's steep sell-off has inflated its trailing dividend yield up to 6.8%. Just bear in mind that the vast majority of its underlying payout is a once-per-year payment of its profits achieved during the year. It's not exactly consistent, even if it is usually sizable. You won't want to make PGR your first or only dividend holding, particularly if you use these dividend payments to pay your bills.

Gen Digital Gen Digital (GEN +1.59%) may be one of the stock market's best-kept secrets. In fact, there's a good chance you've never even heard of it -- its $12 billion market just doesn't turn many heads.

Nevertheless, with a forward-looking dividend yield of 2.5% and a well-established history of paying something every quarter to shareholders, this stock's 37% pullback from August's high makes for a compelling bullish argument.

Gen Digital is a digital security service provider. It does a lot, but you may know it best by its brands LifeLock and Norton. It also owns Avast and financial websites Moneylion and GoBankingRates, which it also operates. Roughly 500 million people use at least one of its products, most of which generate recurring revenue. It was on pace to turn nearly $5 billion worth of revenue into a per-share profit of $2.55 for the fiscal year that ended in March, up 26% and 15%, respectively.

Image source: Getty Images.

As for why shares have performed so poorly of late despite this pullback, dialing back their forward-looking price-to-earnings ratio to less than 7, it was largely caught up in the same sell-off that upended plenty of artificial intelligence (AI) and cybersecurity stocks; broad economic weakness isn't helping either. Indeed, some investors -- professional and amateur alike -- fear that the rise of AI-powered alternatives will reduce the need for custom-coded security solutions like the ones this company offers.

In reality, though, the rise of AI-powered hacking and digital security threats is increasing the need for proven cybersecurity solutions like LifeLock and Norton. As is the case with Progressive, the market should see this soon enough.

The one arguable downside to Gen Digital is that it hasn't raised its dividend since 2020. The company's not necessarily unwilling to do so; it's just waiting for the right time.

Ares Management Last but not least, add Ares Management (ARES +1.57%) to your list of S&P 500 dividend stocks to buy while it's still down 34% from its early January high. Newcomers will be plugging into a forward-looking yield of 4.6%; its dividend has now been raised for eight years in a row.

That's nowhere near the sort of dividend growth track record held by the market's official Dividend Kings, which have upped their annual payouts for a minimum of 50 years. But it's a solid start for this company that's been committed to a more predictable quarterly payout since 2018. And it's improved by more than a little. Its quarterly per-share payment of $0.28 back in 2018 has since grown to this year's payment of $1.35 per share.

Today's Change

(

1.57

%) $

2.08

Current Price

$

134.90

It's a business built for this sort of consistency, of course. Just as the name suggests, Ares Management is an investment manager, collecting a quarterly fee for the capital it provides to companies, and then oversees. It turned $5.6 billion worth of revenue into nearly $1.1 billion in net income last year, most of which was passed along to shareholders in the form of dividends.

That's down slightly from 2024's comparisons, although the market didn't really start to worry about the matter until this year, when broad economic weakness became a much more serious threat to the private credit industry. Investment bank JPMorgan Chase even went as far as to write down the values of some of its private-credit loans last quarter, while -- as part of an effort to curb the liquidity headache that such heavy redemptions cause -- Ares itself recently imposed a limit on the amount of money its investors could withdraw from their stake in the company; it looks problematic.

The headwind isn't anything the asset manager has faced and survived before, however. And buying on these dips has typically paid off in the long run.

xAI's frontier models will supercharge Gen's AI-native products, Norton Neo and AI Assistants, bringing safe and simple autonomous AI to everyone.

, /PRNewswire/ -- Gen (NASDAQ: GEN), the company behind Norton, Avast, LifeLock and MoneyLion, and xAI today announced a partnership to bring xAI's frontier Grok models into Gen's consumer platforms. xAI and Gen will collaborate to rapidly advance their technologies for the next wave of AI-powered consumer products.

Gen and xAI Partner to Build Trusted AI Assistants for Millions of Consumers Through this collaboration, Gen's AI Foundry will use xAI's unique access to coherent compute, data, and technology to bring Grok frontier intelligence to the next generation of secure and trusted consumer AI products, beginning with Norton Neo AI Browser and Assistant powered by Grok.

"As agentic AI systems grow increasingly capable, safely and effectively delivering intelligence to everyday consumers requires robust trust and security infrastructure," said Howie Xu, Chief AI & Innovation Officer. "Through our co-architect partnership, our xAI-powered consumer products will utilize Grok's frontier models to not only answer questions but also take real-world action in a secure and trusted environment."

From Model Intelligence to Trusted Action
Scaling powerful AI responsibly for widespread consumer use benefits from strong safety infrastructure.

As part of this collaboration:

xAI will provide advanced models optimized for reasoning and real-world tasks. xAI frontier intelligence will power agentic systems operating in Gen's secure environment. Gen's Agent Trust Hub will verify, monitor, and enforce safe agent behavior across the full lifecycle of interaction, governing which tools agents use and how they act at runtime. xAI's models will be integrated across Gen's AI-first experiences, starting with the Norton Neo Browser and Assistant, enabling users to interact with AI agents in a secure, trusted environment. All processing is designed by Gen and Norton with privacy and security by default, supported by enterprise-grade protections, including end-to-end encryption and globally recognized security certifications – putting the consumers in control of its privacy.

About Gen
Gen (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted consumer brands including Norton, Avast, LifeLock, MoneyLion and more. The Gen family of consumer brands is rooted in providing financial empowerment and cyber safety for the first digital generations. Today, Gen empowers people to live their digital lives safely, privately and confidently for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to nearly 500 million users in more than 150 countries. Learn more at GenDigital.com.

About Gen AI Foundry
Rooted in Gen's commitment to safety and transparency, the Gen AI Foundry is the engine behind its most recent AI innovations, from AI-powered security experiences to autonomous financial helpers and identity agents. It also serves as the place where core trust infrastructure is developed and operationalized, including the Agent Trust Hub, extending protection across the agent lifecycle from verification to execution. Here, Gen's AI strategy becomes real through visible ventures, prototypes, working products, partnerships and an open ecosystem designed to shape and secure the AI era with and for both people and agents.

About xAI
xAI is building artificial intelligence to accelerate our understanding of the universe. Our mission is to advance human scientific discovery by creating AI that is all-encompassing and as far-reaching as possible. Guided by first-principles reasoning, we tackle ambitious challenges with rapid iteration and a focus on solving real problems. We are a focused team driven by curiosity and the pursuit of unprecedented progress. Follow us on x.ai or @xai.

Media Contacts:
Brittany Posey
Gen
[email protected] 

SOURCE Gen Digital Inc.

Key Takeaways GEN expects Q4 revenues of $1.24B-$1.26B, implying 22.7% year-over-year growth.AI-driven platform, Norton 360 and MoneyLion momentum support monetization growth.Weak consumer sentiment and rising AI and R&D spending may pressure margins. Gen Digital (GEN - Free Report) is scheduled to report fourth-quarter fiscal 2026 results on May 7, after market close.

GEN expects non-GAAP revenues in the band of $1.24-$1.26 billion for the quarter. The Zacks Consensus Estimate for revenues is pegged at $1.24 billion, indicating 22.7% year-over-year growth.

For the fiscal fourth quarter, Gen Digital expects non-GAAP earnings in the range of 64-66 cents per share. The consensus mark for the same is pegged at 65 cents per share, suggesting a year-over-year rise of 10.2%. The estimate has remained unchanged over the past 60 days.

GEN’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 2.9%.

Factors to NoteGen Digital is expected to gain from sustained demand for cybersecurity, identity protection and financial safety solutions due to the rapid rise in cyber threats, particularly AI-enabled scams. The emergence of cyber safety and financial wellness is also a tailwind for Gen Digital in the to-be-reported quarter.

Traction in Gen Digital’s unified AI-driven platform, combining data from security, identity and financial behavior and innovation in higher-tier subscriptions like Norton 360 and strong momentum in MoneyLion, will further reinforce monetization tailwinds in the fourth quarter of fiscal 2026.

Momentum in the quarter is likely to have been supported by the AI-powered Genie Scam Protection feature, Norton Deepfake Detection and Norton Neo. An increase in client bookings, supported by strong retention, international expansion and strategic partnerships, is likely to have aided top-line growth in the fiscal third quarter.

Robust demand for identity theft protection solutions, dark web monitoring, social media monitoring, stolen wallet assistant and ID restoration is expected to have been positive for the quarter under review. However, Gen Digital is also facing some near-term headwinds. Weak consumer sentiment could impact discretionary spending on subscriptions.

GEN’s continuous investment in AI, R&D and infrastructure to stay ahead, pressuring margins. The integration of new businesses like MoneyLion introduces execution risks, especially in aligning customer experience and realizing cross-selling synergies. However, GEN’s efforts to innovate make it a strong long-term investment choice.

Earnings Whispers for GEN StockOur proven model predicts an earnings beat for GEN this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.

Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate (65 cents per share) and the Zacks Consensus Estimate 65 cents per share), is +0.52%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Zacks Rank: GEN carries a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to ConsiderHere are some stocks you may want to consider in the broader Zacks Computer and Technology sector, as our model shows that these have the right combination of elements to post an earnings beat:

NVIDIA (NVDA - Free Report) has an Earnings ESP of +0.24% and carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

NVIDIA is slated to report first-quarter 2026 results on May 20. The Zacks Consensus Estimate for NVIDIA’s first-quarter earnings is pegged at $1.77 per share, up by a penny over the past 30 days, indicating a rise of 118.5% from the year-ago quarter’s reported figure.

Cisco Systems (CSCO - Free Report) has an Earnings ESP of +1.92% and carries a Zacks Rank #2 at present.

Cisco Systems is set to report third-quarter fiscal 2026 results on May 13. The Zacks Consensus Estimate for Cisco Systems’ third-quarter 2026 earnings is pegged at $1.04 per share, unchanged over the past 60 days, indicating a rise of 8.33% from the year-ago quarter’s reported figure.

Audioeye (AEYE - Free Report) has an Earnings ESP of +9.62% and carries a Zacks Rank #2 at present.

It is set to report first-quarter fiscal 2026 results on May 12. The Zacks Consensus Estimate for Audioeye’s first-quarter earnings is pegged at 17 cents per share, up by 2 cents over the past 60 days, indicating a rise of 13.3% from the year-ago quarter’s reported figure.

With a built-in VPN that adapts automatically, alongside anti-phishing, anti-fingerprinting and smarter ad-block controls, users get the full power of AI browsing without compromise.

, /PRNewswire/ -- Norton, a global leader in consumer Cyber Safety and part of Gen (NASDAQ: GEN), today released a major update to Norton Neo, its AI-native browser. The upgrade embeds integrated VPN, anti-phishing, and anti-fingerprinting protection into the browsing experience. No extensions, no separate tools, no manual set-ups. Norton Neo ensures that AI is not only embedded into a streamlined browsing experience that unifies search and chat, but that protection is built-in by default.

Norton Neo AI-native browser expands built-in privacy and security. According to the Gen Threat Labs, roughly 83% of attacks blocked in early 2026 were web-based, including phishing and spam ads. Gen is also tackling a newer category: indirect prompt injections that hijack AI features through malicious page content. Norton Neo handles these at the browser layer rather than asking users to bolt on protection.

"People can get a lot done on a browser, but digital threats, including spam and phishing, are rampant. Every AI feature added to a browser is another attack surface, and people shouldn't need to be security experts to feel safe online" said Howie Xu, Chief AI and Innovation Officer at Gen. "With Norton Neo, protection isn't a setting you turn on, it's the foundation. The VPN adapts on its own, phishing is caught before you click, and your AI queries can't be turned against you."

Protection That Adapts as You Browse

Adaptive VPN. Norton Neo's built-in VPN encrypts traffic and lets users control their location without a separate install. This built-in VPN intelligently adapts to sensitive sites, like banking or healthcare, and steps back during everyday browsing. By leveraging VPN for Agents, the industry's first consumer multi-channel agent-native VPN service released by Gen on April 30, Norton Neo is able to intelligently apply protection when it's needed without requiring users to turn it on or off.

Advanced anti-fingerprinting. To further strengthen privacy, Norton Neo now helps prevent websites and trackers from uniquely identifying people through their device and browser characteristics. This reduces persistent tracking and enhances anonymity online. Incognito mode now delivers true anonymity, not just the perception of it.

Safe browsing and phishing defense. The browser proactively detects and blocks phishing and malicious websites before people land on them, helping safeguard against credential theft and deceptive online content. Norton Neo extends the same protection to webmail through Norton's Scam Analyzer engine. In addition, the browser defends against indirect prompt injection attacks, so AI features cannot be manipulated by instructions hidden in web content.

Together, these defense layers formed a built-in intelligent protection, backed by the expertise of the Gen Threat Labs and powered by Norton and its decades of security expertise.

More Control, Less Friction

In addition to core protections, Norton Neo has expanded its ad blocking capabilities to offer more granular control over what is blocked and when, allowing customization based on browsing preferences and regional requirements. Cookie consent has also been streamlined to cut down on banner fatigue without giving up control. These updates are designed to simplify privacy management while maintaining strong protection in the background.

To make the browsing experience seamless, Norton Neo extends across platforms, including Windows, Mac, iOS, and Android, ensuring consistent privacy and protection wherever and however people browse. Norton Neo protects people's data and stores all chats locally by default. Queries within the browser are processed under strict, binding contractual safeguards that prevent any AI providers from retaining data or using it for model training. AI providers do not have access to sensitive identification such as IP address or location.

AI That Does More, on a Foundation You Can Trust

Alongside its privacy and security enhancements, Norton Neo continues to expand its AI-native capabilities to help people get more done, more efficiently.

Norton Neo's chat experience now supports deeper reasoning and more complex tasks. With fewer limitations and a more responsive experience, users can explore ideas, refine outputs, and take action without interruption. Unified search lets users find anything they've browsed or discussed in chat using plain language, instead of exact keywords. Features like vertical tabs, better tab management, and a customizable newsfeed round out the experience. As part of this update, Norton Neo also gives its users early access to a new agentic AI assistant; a private, always-on helper for managing online activities, and a step toward Norton's vision of secure AI assistance for everyone.

Learn more and try Norton Neo at neobrowser.ai

About Norton 
Norton is a leader in Cyber Safety, and part of Gen (NASDAQ: GEN), a global company dedicated to powering Digital Freedom with a family of trusted consumer brands. Norton empowers millions of individuals and families with award-winning protection for their devices, online privacy, and identity. Norton products and services are certified by independent testing organizations including AV-TEST, AV Comparatives, and SE Labs. Norton is a founding member of the Coalition Against Stalkerware. Learn more at https://us.norton.com.

Media Contact:
Brittany Posey
Gen
[email protected]

SOURCE Norton

Company Raises FY27 Guidance for Revenue and EPS

, /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, released its results for fiscal year 2026 fourth quarter and full year, which ended April 3, 2026.

Gen Crosses $5B in FY26 Revenue with Growth Accelerating to Double-Digits "FY26 was a defining year for Gen, our strongest results in a decade, with revenue crossing $5 billion for the first time," said Vincent Pilette, CEO of Gen. "Our guidance proves that we are even more confident today that cyber safety and financial wellness belong together as we continue to expand and connect the Gen platform. And as the world enters the agentic AI era, Gen's platform is uniquely positioned to be the trust layer for everyone. The momentum is ours, and the road ahead has never looked clearer."

Fiscal Year 2026 Financial Highlights

Fiscal Year 2026 GAAP Results

Revenue of $5,000 million, up 27% Operating income of $2,120 million, up 32% Diluted EPS of $1.57, up 53% Operating cash flow of $1,545 million Fiscal Year 2026 Non-GAAP Results

Bookings of $5,107 million, up 28% Revenue of $5,000 million, up 27% Operating income of $2,543 million, up 11% Diluted EPS of $2.56, up 15% Free cash flow of $1,523 million Q4 Fiscal Year 2026 Financial Highlights

Q4 GAAP Results

Revenue of $1,283 million, up 27% Operating income of $803 million, up 93% Diluted EPS of $0.84, up 269% Operating cash flow of $452 million Q4 Non-GAAP Results

Bookings of $1,364 million, up 27% Revenue of $1,283 million, up 27% Operating income of $641 million, up 9% Diluted EPS of $0.67, up 14% Free cash flow of $449 million "Our fourth quarter capped a record year for Gen, with results exceeding guidance, driven by healthy demand for our Cyber Safety Platform, double-digit revenue growth in Trust-Based Solutions and strong execution across the board," said Natalie Derse, CFO of Gen. "This growth momentum, combined with our extraordinary free cash flow generation, gives us the confidence to raise the bar for FY27. We will continue to execute with discipline and allocate capital prioritizing high-return investments to extend our growth and deliver strong returns for our shareholders."

Non-GAAP Q1 Fiscal Year 2027 Guidance

Q1 FY27 Revenue expected to be in the range of $1,300 million to $1,325 million Q1 FY27 EPS expected to be in the range of $0.68 to $0.70 Non-GAAP Fiscal Year 2027 Guidance

FY27 Revenue expected to be in the range of $5,325 million to $5,425 million FY27 EPS expected to be in the range of $2.85 to $2.95 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 June 10, 2026, to all shareholders of record as of the close of business on May 18, 2026.

Q4 Fiscal Year 2026 Earnings Call
May 7, 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 consumer brands including Norton, Avast, LifeLock, MoneyLion and more. The Gen family of consumer brands is rooted in providing financial empowerment and cyber safety for the first digital generations. Today, Gen empowers people to live their digital lives safely, privately and confidently for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to nearly 500 million users in more than 150 countries. 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 "Fiscal Year 2026 Financial Highlights" and "Q4 Fiscal Year 2026 Financial Highlights" including expectations relating to achievement of long-term objectives, and the statements under "Non-GAAP Q1 Fiscal Year 2027 Guidance" and "Non-GAAP Fiscal Year 2027 Guidance" including expectations relating to Q1 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 ability to achieve synergies and associated cost savings from any such acquisitions); divestitures, restructurings, stock repurchases, financings, debt repayments and investment activities; the outcome or impact of pending litigation, claims or disputes; difficulties in executing the operating model for the consumer Cyber Safety business; lower than anticipated returns from our investments in direct customer acquisition; difficulties in retaining our existing customers and converting existing non-paying customers to paying customers; difficulties and delays in reducing run rate expenses and monetizing underutilized assets; the successful development of new products and upgrades and the degree to which these new products and upgrades gain market acceptance; our ability to maintain our customer and partner relationships; the anticipated growth of certain market segments; fluctuations and volatility in our stock price; our ability to successfully execute strategic plans; the vulnerability of our solutions, systems, websites and data to intentional disruption by third parties; changes to existing accounting pronouncements or taxation rules or practices; and general business and macroeconomic changes in the U.S. and worldwide, including economic recessions, the impact of inflation, fluctuations in foreign currency exchange rates, changes in interest rates or tax rates, and ongoing and new geopolitical conflicts, and other global macroeconomic factors on our operations and financial performance. Additional information concerning these and other risk factors is contained in the Risk Factors sections of our most recent reports on Form 10-K and Form 10-Q. We encourage you to read those sections carefully. There may also be other factors that have not been anticipated or are not described in our periodic filings, generally because we did not believe them to be significant at the time, which could cause actual results to differ materially from our projections and expectations. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. We assume no obligation, and do not intend, to update these forward-looking statements as a result of future events or developments.

Use of Non-GAAP Financial Information
We use non-GAAP measures of operating margin, operating income, net income and earnings per share, which are adjusted from results based on GAAP and exclude certain expenses, gains and losses. We also provide the non-GAAP metrics of revenues, and constant currency revenues. These non-GAAP financial measures are provided to enhance the user's understanding of our past financial performance and our prospects for the future. Our management team uses these non-GAAP financial measures in assessing Gen's performance, as well as in planning and forecasting future periods. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies. Non-GAAP financial measures are supplemental, should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Readers are encouraged to review the reconciliation of our non-GAAP financial measures to the comparable GAAP results, which is attached to our quarterly earnings release, and which can be found, along with other financial information including the Earnings Presentation, on the investor relations page of our website at Investor.GenDigital.com. No reconciliation of the forecasted range for non-GAAP revenues and EPS guidance is included in this release because most non-GAAP adjustments pertain to events that have not yet occurred. It would be unreasonably burdensome to forecast, therefore we are unable to provide an accurate estimate.

GEN DIGITAL INC.

Condensed Consolidated Balance Sheets

(Unaudited, in millions)

April 3, 2026

March 28, 2025

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$               411

$            1,006

Accounts receivable, net

361

171

Other current assets

295

245

Assets held for sale

14

22

       Total current assets

1,081

1,444

Property and equipment, net

71

60

Intangible assets, net

2,096

2,267

Goodwill

10,996

10,237

Deferred income tax assets

1,153

1,218

Other long-term assets

192

269

     Total assets

$         15,589

$         15,495

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$                96

$                94

Accrued compensation and benefits

115

105

Current portion of long-term debt

181

291

Contract liabilities

1,904

1,846

Other current liabilities

414

515

       Total current liabilities

2,710

2,851

Long-term debt

8,015

7,968

Long-term contract liabilities

73

77

Deferred income tax liabilities

198

222

Long-term income taxes payable

1,588

1,420

Other long-term liabilities

394

688

            Total liabilities

12,978

13,226

            Total stockholders' equity (deficit)

2,611

2,269

     Total liabilities and stockholders' equity

$         15,589

$         15,495

GEN DIGITAL INC.

Condensed Consolidated Statements of Operations

(Unaudited, in millions, except per share amounts)

Three Months Ended

Year Ended

April 3, 2026

March 28, 2025

April 3, 2026

March 28, 2025

Net revenues

$          1,283

$          1,010

$          5,000

$          3,935

Cost of revenues

276

199

1,077

776

Gross profit

1,007

811

3,923

3,159

Operating expenses:

Sales and marketing

327

196

1,228

745

Research and development

104

81

409

329

General and administrative

(291)

67

(87)

291

Amortization of intangible assets

54

44

218

174

Restructuring and other costs

10

3

35

7

Impairment of intangible assets

—

3

—

3

       Total operating expenses

204

394

1,803

1,549

Operating income (loss)

803

417

2,120

1,610

Interest expense

(130)

(135)

(569)

(578)

Other income (expense), net

(4)

5

(40)

(3)

Income (loss) before income taxes

669

287

1,511

1,029

Income tax expense (benefit)

157

145

538

386

Net income (loss)

$             512

$             142

$             973

$             643

Net income (loss) per share - basic

$            0.85

$            0.23

$            1.59

$            1.04

Net income (loss) per share - diluted

$            0.84

$            0.23

$            1.57

$            1.03

Weighted-average shares outstanding:

Basic

602

616

612

617

Diluted

609

624

619

624

GEN DIGITAL INC.

Condensed Consolidated Statements of Cash Flows

(Unaudited, in millions)

Three Months Ended

Year Ended

April 3, 2026

March 28, 2025

April 3, 2026

March 28, 2025

OPERATING ACTIVITIES:

Net income (loss)

$            512

$            142

$            973

$            643

Adjustments:

Amortization and depreciation

119

104

493

419

Impairments and write-offs of current and long-lived assets

—

5

—

7

Stock-based compensation expense

62

36

237

133

Loss on sale of Instacash Advances

59

—

205

—

Deferred income taxes

92

18

92

(32)

Loss on extinguishment of debt

9

—

9

—

Gain on sale of nonfinancial assets

—

—

(15)

—

Non-cash operating lease expense

5

5

18

16

Change in fair value and impairment of non-marketable equity
investments

—

—

79

30

Foreign currency remeasurement loss (gain)

(32)

12

54

(2)

Legal contract dispute cost (1)

—

24

—

66

Other

12

3

47

13

Changes in operating assets and liabilities, net of
acquisitions:

Accounts receivable, net

7

(19)

(32)

(53)

Accounts payable

4

(9)

(48)

26

Accrued compensation and benefits

(3)

11

8

27

Contract liabilities

75

63

74

36

Income taxes payable

17

56

(96)

(80)

Instacash Advances held for sale, net

(57)

—

(205)

—

Other assets

(56)

11

16

86

Other liabilities

(373)

11

(364)

(114)

       Net cash provided by (used in) operating activities

452

473

1,545

1,221

INVESTING ACTIVITIES:

Purchases of property and equipment

(3)

(3)

(22)

(15)

Purchase of non-marketable equity investments

—

—

—

(4)

Payments for acquisitions, net of cash acquired

(156)

(84)

(1,032)

(84)

Payments for originations of notes receivable

(83)

—

(283)

—

Proceeds from principal repayments of notes receivable

80

—

253

—

Proceeds from the maturities and sales of short-term
investments

—

—

13

—

Proceeds from the sale of properties

—

—

21

—

Proceeds from sale of nonfinancial assets

—

—

40

—

Other

—

4

(1)

3

Net cash provided by (used in) investing activities

(162)

(83)

(1,011)

(100)

FINANCING ACTIVITIES:

Repayments of debt

(2,960)

(1,164)

(3,620)

(1,311)

Proceeds from issuance of debt, net of issuance costs (2)

2,734

941

3,475

941

Net proceeds from sales of common stock under employee
stock incentive plans

6

5

13

11

Tax payments related to vesting of stock units

(3)

(1)

(55)

(26)

Dividends and dividend equivalents paid

(76)

(77)

(312)

(313)

Repurchases of common stock

(200)

—

(634)

(272)

Net cash provided by (used in) financing activities

(499)

(296)

(1,133)

(970)

Effect of exchange rate fluctuations on cash, cash equivalents           
and restricted cash

1

29

4

9

Change in cash, cash equivalents and restricted cash

(208)

123

(595)

160

Beginning cash, cash equivalents and restricted cash

619

883

1,006

846

Ending cash, cash equivalents and restricted cash

$            411

$          1,006

$            411

$          1,006

______________________

(1)

During fiscal 2025, in connection with a legal settlement terminating our agreement with an Avast e-commerce partner that acted as payment processor and merchant of record for a subset of customers, we released our claims to $66 million of outstanding accounts receivable (net of fees payable) in exchange for the transfer of the related customer information to us. The $66 million was charged off as general and administrative expense and is reflected as a non-cash item within the change in accounts receivable in operating activities for fiscal 2025. No comparable activity occurred in fiscal 2026 or fiscal 2024.

(2)

Issuance costs paid for issuance of debt for the three months ended April 3, 2026 and March 28, 2025 was $7 million and $9 million, respectively, and for the fiscal year ended 2026 and 2025 was $16 million and $9 million, respectively.

GEN DIGITAL INC.

Reconciliation of Selected GAAP Measures to Non-GAAP Measures (1) (2)

(Unaudited, in millions, except per share amounts)

Three Months Ended

Year Ended

April 3, 2026

March 28, 2025

April 3, 2026

March 28, 2025

Operating income (loss)

$           803

$           417

$         2,120

$         1,610

Stock-based compensation

62

37

235

134

Amortization of intangible assets

115

100

477

401

Impairment of intangible assets

—

3

—

3

Restructuring and other costs

10

3

35

7

Acquisition and integration costs

3

1

12

11

Litigation costs

(353)

4

(336)

65

Legal contract dispute cost

—

24

—

66

Other

1

1

—

1

Operating income (loss) (Non-GAAP)

$           641

$           590

$         2,543

$         2,298

Operating margin

62.6 %

41.3 %

42.4 %

40.9 %

Operating margin (Non-GAAP)

50.0 %

58.4 %

50.9 %

58.4 %

Net income (loss)

$           512

$           142

$            973

$            643

Adjustments to net income (loss):

Stock-based compensation

62

37

235

134

Amortization of intangible assets

115

100

477

401

Impairment of intangible assets

—

3

—

3

Restructuring and other costs

10

3

35

7

Acquisition and integration costs

3

1

12

11

Litigation costs

(353)

4

(336)

65

Legal contract dispute cost

—

24

—

66

Other

—

4

—

6

Non-cash interest expense

8

6

28

26

Loss (gain) on extinguishment of debt

9

—

9

—

Loss (gain) on equity investments

—

—

79

30

Loss (gain) on sale of properties

—

—

(15)

—

Total adjustments to GAAP income (loss) before income taxes

(146)

182

524

749

Adjustment to GAAP provision for income taxes

42

42

90

(5)

Total adjustment to income (loss), net of taxes

(104)

224

614

744

Net income (loss) (Non-GAAP)

$           408

$           366

$         1,587

$         1,387

Diluted net income (loss) per share

$          0.84

$          0.23

$           1.57

$           1.03

Adjustments to diluted net income (loss) per share:

Stock-based compensation

0.10

0.06

0.38

0.21

Amortization of intangible assets

0.19

0.16

0.77

0.64

Impairment of intangible assets

—

0.00

—

0.00

Restructuring and other costs

0.02

0.00

0.06

0.01

Acquisition and integration costs

0.00

0.00

0.02

0.02

Litigation costs

(0.58)

0.01

(0.54)

0.10

Legal contract dispute cost

—

0.04

—

0.11

Other

—

0.01

—

0.01

Non-cash interest expense

0.01

0.01

0.05

0.04

Loss (gain) on extinguishment of debt

0.01

—

0.01

—

Loss (gain) on equity investments

—

—

0.13

0.05

Loss (gain) on sale of properties

—

—

(0.02)

—

Total adjustments to GAAP income (loss) before income taxes

(0.24)

0.29

0.85

1.20

Adjustment to GAAP provision for income taxes

0.07

0.07

0.15

(0.01)

Total adjustment to income (loss), net of taxes

(0.17)

0.36

0.99

1.19

Diluted net income (loss) per share (Non-GAAP)

$          0.67

$          0.59

$          2.56

$          2.22

Diluted weighted-average shares outstanding

609

624

619

624

Diluted weighted-average shares outstanding (Non-GAAP)

609

624

619

624

GEN DIGITAL INC.

Reconciliation of Selected GAAP Measures to Non-GAAP Measures (1) (2)

(Unaudited, in millions, except per share amounts)

Three Months Ended

Year Ended

April 3, 2026

March 28, 2025

April 3, 2026

March 28, 2025

Net cash provided by (used in) operating activities

$            452

$            473

$          1,545

$          1,221

Adjustments to net cash provided by (used in) operating activities:

Purchases of property and equipment

(3)

(3)

(22)

(15)

Free cash flow (Non-GAAP)

$            449

$            470

$          1,523

$          1,206

______________________

(1)

This presentation includes non-GAAP measures. Non-GAAP financial measures are supplemental and should not be considered a substitute for financial information presented in accordance with GAAP. For a detailed explanation of these non-GAAP measures, see Appendix A.

(2)

Amounts may not add due to rounding.

GEN DIGITAL INC.

Performance Metrics

(Unaudited, in millions)

Performance Metrics

Three Months Ended

Year Ended

April 3, 2026

January 2, 2026

March 28, 2025

April 3, 2026

March 28, 2025

Cyber Safety Platform                                                  

$             837

$             819

$            808

$          3,339

$         3,176

Trust-Based Solutions

446

421

202

1,661

759

Total net revenues

$          1,283

$          1,240

$         1,010

$          5,000

$         3,935

Direct revenues

$          1,048

$          1,025

$            878

$          4,137

$         3,463

Partner revenues

235

215

132

863

472

Total net revenues

$          1,283

$          1,240

$         1,010

$          5,000

$         3,935

Total bookings

$          1,364

$          1,319

$         1,076

$          5,107

$         3,988

As of

April 3, 2026

March 28, 2025

Total paid customers

79

68

GEN DIGITAL INC.
Appendix A
Explanation of Non-GAAP Measures and Other Items

Objective of non-GAAP measures: We believe our presentation of non-GAAP financial measures, when taken together with corresponding GAAP financial measures, provides meaningful supplemental information regarding the Company's operating performance for the reasons discussed below. Our management team uses these non-GAAP financial measures in assessing our performance, as well as in planning and forecasting future periods. Due to the importance of these measures in managing the business, we use non-GAAP measures in the evaluation of management's compensation. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies. Non-GAAP financial measures are supplemental and should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP.

Stock-based compensation: This consists of expenses for employee restricted stock units, performance-based awards, stock options and our employee stock purchase plan, determined in accordance with GAAP. We evaluate our performance both with and without these measures because stock-based compensation is a non-cash expense and can vary significantly over time based on the timing, size, nature and design of the awards granted, and is influenced in part by certain factors that are generally beyond our control, such as the volatility of the market value of our common stock. In addition, for comparability purposes, we believe it is useful to provide a non-GAAP financial measure that excludes stock-based compensation to facilitate the comparison of our results to those of other companies in our industry.

Amortization of intangible assets: Amortization of intangible assets consists of amortization of acquisition-related intangibles assets such as developed technology, customer relationships and trade names acquired in connection with business combinations. We record charges relating to the amortization of these intangibles within both cost of revenues and operating expenses in our GAAP financial statements. Under purchase accounting, we are required to allocate a portion of the purchase price to intangible assets acquired and amortize this amount over the estimated useful lives of the acquired intangible assets. However, the purchase price allocated to these assets is not necessarily reflective of the cost we would incur to internally develop the intangible asset. Further, amortization charges for our acquired intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. We eliminate these charges from our non-GAAP operating results to facilitate an evaluation of our current operating performance and provide better comparability to our past operating performance.

Restructuring and other costs: Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements, contract termination costs, and assets write-offs, as well as other exit and disposal costs. Included in other exit and disposal costs are costs to exit and consolidate facilities in connection with restructuring events. We exclude restructuring and other costs from our non-GAAP results as we believe that these costs are incremental to core activities that arise in the ordinary course of our business and do not reflect our current operating performance, and that excluding these charges facilitates a more meaningful evaluation of our current operating performance and comparisons to our past operating performance.

Acquisition-related and integration costs: These represent the transaction and business integration costs related to significant acquisitions that are charged to operating expense in our GAAP financial statements. These costs include incremental expenses incurred to affect these business combinations such as advisory, legal, accounting, valuation, and other professional or consulting fees. We exclude these costs from our non-GAAP results as they have no direct correlation to the operation of our business, and because we believe that the non-GAAP financial measures excluding these costs provide meaningful supplemental information regarding the spending trends of our business. In addition, these costs vary, depending on the size and complexity of the acquisitions, and are not indicative of costs of future acquisitions.

Litigation costs: We may periodically incur charges or benefits related to litigation settlements, legal contingency accruals and third-party legal costs related to certain legal matters. We exclude these charges and benefits when associated with a significant matter because we do not believe they are reflective of ongoing business and operating results. 

Legal contract dispute cost: During fiscal 2025, we incurred charges in connection with an e-commerce partner settlement. In order to resolve all open disputes with the partner, we entered into a legal settlement agreement which included our release of claims to valid outstanding accounts receivable totaling $66 million, which were charged off as G&A expense in fiscal 2025. We exclude these charges and benefits when associated with a significant matter because we do not believe they are normal, recurring, or reflective of ongoing business and operating results.

Non-cash interest expense and amortization of debt issuance costs: In accordance with GAAP, we separately account for the value of the conversion feature on our convertible notes as a debt discount that reflects our assumed non-convertible debt borrowing rates. We amortize the discount and debt issuance costs over the term of the related debt. We exclude the difference between the imputed interest expense, which includes the amortization of the conversion feature and of the issuance costs, and the coupon interest payments. We extinguished our remaining convertible debt on August 15, 2022. During fiscal 2023, we also started amortizing the debt issuance costs associated with our senior credit facilities, which were secured upon close of the acquisition of Avast. We believe that excluding these costs provides meaningful supplemental information regarding the cash cost of our debt instruments and enhance investors' ability to view the Company's results from management's perspective.

Gain (loss) on extinguishment of debt: We record gains or losses on extinguishment of debt. Gains or losses represent the difference between the fair value of the exchange consideration and the carrying value of the liability component of the debt at the date of extinguishment. We exclude the gain or loss on debt extinguishment in our non-GAAP results because they are not reflective of our ongoing business.

Change in fair value and impairment of non-marketable equity investments: We record gains or losses, unrealized and realized, on equity investments in privately-held companies. We exclude the net gains or losses because we do not believe they are reflective of our ongoing business.

Gain (loss) on sale of properties and nonfinancial assets: We periodically recognize gains or losses from the disposition of land, buildings and nonfinancial assets. We exclude such gains or losses because they are not reflective of our ongoing business and operating results.

Income tax effects and adjustments: We use a non-GAAP tax rate that excludes (1) the discrete impacts of changes in tax legislation, (2) most other significant discrete items, (3) unrealized gains or losses from remeasurement of foreign currency denominated deferred tax items and uncertain tax benefits, and (4) the income tax effects of the non-GAAP adjustment to our operating results described above. We believe making these adjustments facilitates a better evaluation of our current operating performance and comparisons to past operating results. Our tax rate is subject to change for a variety of reasons, such as significant changes in the geographic earnings mix due to acquisition and divestiture activities or fundamental tax law changes in major jurisdictions where we operate.

Diluted GAAP and non-GAAP weighted-average shares outstanding: Diluted GAAP and non-GAAP weighted-average shares outstanding are generally the same, except in periods when there is a GAAP loss from continuing operations. In accordance with GAAP, we do not present dilution for GAAP in periods in which there is a loss from continuing operations. However, if there is non-GAAP net income, we present dilution for non-GAAP weighted-average shares outstanding in an amount equal to the dilution that would have been presented had there been GAAP income from continuing operations for the period.

Bookings: Bookings are defined as customer orders received that are expected to generate net revenues in the future. We present the operational metric of bookings because it reflects customers' demand for our products and services and to assist readers in analyzing our performance in future periods.

Free cash flow: Free cash flow is defined as cash flows from operating activities less purchases of property and equipment. Free cash flow is not a measure of financial condition under GAAP and does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period, and thus should not be considered as an alternative to cash flows from operating activities or as a measure of liquidity.

(Unlevered) Free cash flow: Free cash flow is defined as cash flows from operating activities less purchases of property and equipment. Unlevered free cash flow excludes cash interest expense payments, net of payments received through interest rate swap hedges. Free cash flow is not a measure of financial condition under GAAP and does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period, and thus should not be considered as an alternative to cash flows from operating activities or as a measure of liquidity.

Cyber Safety Platform: Includes our security and privacy products, as well as our cyber safety comprehensive suites which deliver technology solutions and superior threat protection to help people navigate the digital world, securely, privately and confidently.

Trust-Based Solutions: Trust-Based Solutions includes our identity, reputation, and financial wellness products, which provide innovative solutions and insights that empower consumers to grow and manage their identity, reputation and finances confidently.

Direct revenue: Direct revenue reflects subscriptions sold directly through e-commerce or mobile channels, and revenue generated from financial transactions directly made through Gen properties or marketplaces.

Partner revenue: Partner revenue reflects partner-sourced and channel revenue via retailers, employee benefits, telcos, publishers, and strategic partnerships, including revenue generated from product usage or products sold through our financial marketplace.

Paid customers: We define paid customers as active users of our products and solutions, including subscribers with an active paid subscription to our products at the end of the reported period. Paid customers also includes product users with a unique account and at least one revenue-generating transaction in the relevant active period of each respective product category, whether through our first-party personal finance products, transacting through our financial marketplaces, or generating revenue through product usage. We exclude users on free trials and those who have not actively transacted in the relevant period of each respective product category. In order to properly reflect Gen's customer cohorts that contribute to revenue given the dynamic nature of consumers and our product portfolio, our methodology is subject to change from time to time. The methodologies used to measure these metrics require judgment and we regularly review our metrics to improve their accuracy. However, our ability to recalculate our historical metrics may be impacted by data limitations or other factors that require us to apply different methodologies for such adjustments. We generally do not intend to update previously disclosed metrics for any such inaccuracies or adjustments that are deemed not material.

CONTACTS

Investor Contact

Ben Lu

Media Contact

Audra Proctor

Gen

Gen

[email protected]   

[email protected]

SOURCE Gen Digital Inc.

Gen Digital Inc. (GEN) Q4 2026 Earnings Call Transcript