Gen Digital Reports Q2 FY27 Results: Double-Digit Growth and Raised Full-Year Guidance

Executive Summary

On October 28, 2026, Gen Digital Inc. (NASDAQ: GEN) filed a Current Report on Form 8-K under Item 2.02 furnishing its financial results for the second quarter of fiscal year 2027 (ended October 2, 2026). The company delivered its sixth consecutive quarter of double-digit bookings growth, driven by record customer counts and strong retention across its portfolio (Norton, Avast, LifeLock, MoneyLion, Engine). In conjunction with the earnings release, Gen raised its full-year fiscal 2027 revenue and EPS outlook and announced a regular quarterly cash dividend.

Key Financial Highlights

Q2 FY27 Operating Performance

• Net Revenue: $1.369 billion, an increase of 12% year-over-year on both a GAAP and non-GAAP basis.
• Non-GAAP Bookings: $1.347 billion, up 10% year-over-year.
• Operating Income:
  • GAAP: $507 million (+16% YoY)
  • Non-GAAP: $686 million (+10% YoY)
• Diluted EPS:
  • GAAP: $0.48 (+122% YoY)
  • Non-GAAP: $0.74 (+19% YoY)
• Cash Flow (Year-to-Date):
  • Operating Cash Flow: $760 million (+45% YoY)
  • Free Cash Flow: $753 million (+47% YoY)

Balance Sheet Snapshot (As of October 2, 2026)

• Cash, Cash Equivalents & Restricted Cash: $589 million (up from $411 million as of April 3, 2026).
• Total Debt: $8.116 billion ($1.080 billion current portion; $7.036 billion long-term).
• Total Stockholders' Equity: $2.741 billion.

Guidance & Capital Allocation

Q3 FY27 Guidance (Non-GAAP)

• Revenue: $1.365 billion to $1.390 billion
• Diluted EPS: $0.73 to $0.75

Full-Year FY27 Guidance Upgrades (Non-GAAP)

• Revenue: Raised to $5.465 billion–$5.515 billion (previously $5.375 billion–$5.475 billion)
• Diluted EPS: Raised to $2.93–$2.98 (previously $2.87–$2.97)

Quarterly Cash Dividend

• Amount: $0.125 per common share
• Record Date: November 16, 2026
• Payment Date: December 9, 2026