Gen Digital (NASDAQ:GEN) Releases Q2 2026 Earnings Guidance

Key Points

• Gen Digital (NASDAQ:GEN) issued Q2 2026 earnings guidance, projecting earnings per share (EPS) of 0.600-0.620, aligning closely with the consensus estimate of 0.601.
• The company reported a revenue guidance of $1.2 billion, consistent with analyst expectations, while also updating its FY 2026 EPS guidance to 2.490-2.560.
• Shares of Gen Digital fell by $0.42 to reach $28.27 during Thursday's trading, with a significant trading volume of over 6.4 million shares.

Gen Digital (NASDAQ:GEN - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.600-0.620 for the period, compared to the consensus estimate of 0.601. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Gen Digital also updated its FY 2026 guidance to 2.490-2.560 EPS.

Gen Digital Stock Performance

Shares of GEN stock traded down $0.42 during trading on Thursday, reaching $28.27. 6,483,491 shares of the company's stock were exchanged, compared to its average volume of 3,048,459. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.51. The stock has a market capitalization of $17.41 billion, a PE ratio of 27.18, a PEG ratio of 1.05 and a beta of 1.00. Gen Digital has a twelve month low of $22.74 and a twelve month high of $31.72. The firm's fifty day moving average price is $29.59 and its 200-day moving average price is $27.81.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $999.48 million. Gen Digital had a return on equity of 59.38% and a net margin of 16.34%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. As a group, sell-side analysts anticipate that Gen Digital will post 2.05 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on GEN. Evercore ISI began coverage on Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price objective for the company. B. Riley assumed coverage on Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 target price for the company. Royal Bank Of Canada increased their target price on Gen Digital from $28.00 to $30.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Morgan Stanley dropped their target price on Gen Digital from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Barclays increased their target price on Gen Digital from $30.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $33.60.

Insider Activity

In related news, Director Nora Denzel sold 31,646 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $28.76, for a total transaction of $910,138.96. Following the completion of the sale, the director owned 34,860 shares of the company's stock, valued at $1,002,573.60. This trade represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gen Digital

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $46,000 after acquiring an additional 1,183 shares during the period. Focus Partners Wealth grew its stake in Gen Digital by 9.7% in the first quarter. Focus Partners Wealth now owns 22,347 shares of the company's stock valued at $593,000 after acquiring an additional 1,980 shares during the period. Woodline Partners LP grew its stake in Gen Digital by 37.8% in the first quarter. Woodline Partners LP now owns 27,590 shares of the company's stock valued at $732,000 after acquiring an additional 7,562 shares during the period. Great Lakes Advisors LLC acquired a new stake in Gen Digital in the first quarter valued at approximately $205,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Gen Digital by 1.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company's stock valued at $71,757,000 after buying an additional 28,522 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.

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