Quarterly ResultAug 7, 2026, 04:09 PM
Gen Digital Q1 Net Income $215M, EPS $0.36; Declares $0.125 Dividend
AI Summary
Gen Digital Inc. reported strong first-quarter fiscal 2027 results with net income increasing by 59.3% to $215 million and diluted EPS rising to $0.36. Net revenues grew 6.3% to $1,336 million, driven by both Cyber Safety Platform and Trust-Based Solutions segments. The company also declared a cash dividend of $0.125 per share and continued its stock repurchase program, buying back $100 million in shares. Additionally, Gen Digital approved a Fiscal 2027 restructuring plan with an estimated total cost of $50 million to improve efficiency.
Key Highlights
- Net income increased 59.3% to $215 million for Q1 fiscal 2027.
- Diluted earnings per share rose to $0.36, up from $0.22 year-over-year.
- Net revenues grew 6.3% to $1,336 million in the first quarter.
- Declared a cash dividend of $0.125 per share payable in September 2026.
- Repurchased $100 million of common stock, with $1,994 million remaining.
- Approved Fiscal 2027 restructuring plan with an estimated $50 million cost.
- Cyber Safety Platform net revenues were $846 million.
- Trust-Based Solutions net revenues reached $490 million.
Price Impact
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