TEMPE, Ariz. and PRAGUE, May 7, 2026 /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.
"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
