Gen Digital raises annual forecast on strong cybersecurity demand

Gen Digital

06/08/2026 21:07

By Juby Babu
Aug 6 (Reuters) - Gen Digital GEN.O raised full-year revenue and profit forecast on Thursday, signaling robust demand for its family of cybersecurity products in the face of growing AI-powered online threats.
The digital security company has been capitalizing on a heightened threat environment, where generative AI tools are making it easier for criminals to create sophisticated phishing emails, scams and identity theft attacks.

Here are a few details on the quarter:
Consumer anxiety surrounding AI-enabled fraud has become the primary catalyst for new customer acquisitions, CEO Vincent Pilette told Reuters.  
Gen is seeing membership grow for its flagship Norton 360, which is its comprehensive digital safety and anti-malware suite of products, Pilette said.
Looking ahead to fiscal 2027, Pilette pointed to monetization of financial wellness adoption as the key marker of success. 
Gen expects "$100 million incremental revenue coming from financial wellness adoption" over the next 18 months.
The company expects fiscal 2027 revenue in the range of $5.38 billion to $5.48 billion, compared with its prior forecast of $5.33 billion to $5.43 billion.  
It sees adjusted earnings per share between $2.87 and $2.97, compared with a prior range of $2.85 to $2.95. 
Gen reported revenue of $1.34 billion for the quarter ended July 3, compared with analysts' average estimate of $1.31 billion, according to data compiled by LSEG.
On an adjusted basis, Gen Digital earned 71 cents per share, ahead of the estimate of 69 cents.

 (Reporting by Juby Babu in Mexico City; Editing by Shilpi Majumdar)
 ((Juby.Babu@thomsonreuters.com;))