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

COGNYTE SOFTWARE

09/09/2025 12:11

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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/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q2                  $97.51     
 Revenue             mln       
 Q2 Net              $2.73      
 Income              mln       
 Q2        Miss      $2.74     $7.13
 Operatin            mln       mln (2
 g Income                      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.)