Business UpdateSep 28, 2026, 04:34 PM
Gen Digital CEO Clarifies Acquisition Strategy, Raises FY27 Outlook
AI Summary
Gen Digital Inc. CEO Vincent Pilette published a LinkedIn post clarifying the company's acquisition strategy and financial outlook. He emphasized a disciplined approach to acquisitions, focusing on strategic fit, value creation, and accretion, citing past successes like Avast and MoneyLion. The company has significantly accelerated its growth, raising its fiscal 2027 revenue outlook to 9%-11% and non-GAAP EPS to mid-to-high teens. Both the current quarter and full-year performance are tracking towards the higher end of guidance.
Key Highlights
- Gen Digital Inc. CEO Vincent Pilette addressed acquisition strategy and financial outlook on LinkedIn.
- Company considers acquisitions only when they make Gen stronger and create long-term shareholder value.
- Acquisition criteria include strategic fit, price, efficiency creation, accretion, and comparison to stock buybacks.
- Gen Digital has transformed from low single-digit to double-digit revenue growth.
- Fiscal 2027 outlook raised to 9%-11% revenue growth and mid-to-high teens non-GAAP EPS growth.
- Quarter ending October 2, 2026, and full fiscal year 2027 are tracking to the higher end of guidance.
- Revenue has grown from $2 billion to over $5 billion in six years, with EPS nearly tripling to $3.
Price Impact
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