Cognyte Software's Q2 revenue up 15.5%, raises guidance on AI demand

COGNYTE SOFTWARE

09/09/2025 12:22

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Overview

Cognyte Q2 FYE26 revenue rises 15.5% yr/yr to $97.5 mln

Operating income of $2.7 mln missed analyst expectations

Co completed $20 mln share buyback, announces new $20 mln program

Outlook

Cognyte raises fiscal 2026 revenue outlook to $397 mln at midpoint

Company expects fiscal 2026 adjusted EBITDA to grow 55% year-over-year

Cognyte projects fiscal 2026 non-GAAP diluted EPS of $0.23

Company cites strong demand for AI-driven analytics solutions

Result Drivers

TECHNOLOGY ADVANCEMENTS - Cognyte attributes revenue growth to its differentiated AI-driven investigative analytics technology, per CEO Elad Sharon

CUSTOMER WINS - Significant deals with new and existing customers contributed to revenue increase, according to management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$97.51 mln
Q2 Net Income
$2.73 mln
Q2 Operating Income
Miss
$2.74 mln
$7.13 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Cognyte Software Ltd is $10.00, about 4.7% above its September 8 closing price of $9.53

The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 64 three months ago

Press Release: ID:nBw7dT9jra

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)