Gen Digital lifts FY 2027 revenue outlook on AI‑driven cyber‑security demand
Gen Digital announced an upgraded full‑year revenue target for fiscal 2027 of $5.38 billion to $5.48 billion, up from its prior $5.33 billion‑$5.43 billion range. The company also raised its adjusted earnings‑per‑share outlook to $2.87‑$2.97, compared with the earlier $2.85‑$2.95 range.
For the most recent quarter ending July 3, Gen Digital reported revenue of $1.34 billion, beating analysts’ average estimate of $1.31 billion, and posted adjusted earnings of $0.71 per share versus the $0.69 consensus. CEO Vincent Pilette said rising consumer anxiety over AI‑enabled fraud is the main driver of new customer sign‑ups, with the flagship Norton 360 suite seeing membership growth to 81 million paying users – the 11th consecutive quarter of sequential growth. The firm also expects about $100 million of incremental revenue from its financial‑wellness initiatives over the next 18 months.
Entities: Dylan Field · Figma · Figma Inc. · Financial‑wellness initiative · Gen Digital · MoneyLion · Norton 360 · Praveer Melwani · Vincent Pilette
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Gen Digital’s Norton 360 membership grew to 81 million paying customers, marking 11 consecutive quarters of sequential growth. (Gen Digital)
- [● 4 SOURCES] Gen Digital raised its adjusted EPS forecast for fiscal 2027 to $2.87‑$2.97 per share. (Gen Digital)
- [● 4 SOURCES] Gen Digital reported quarterly revenue of $1.34 billion for the quarter ended July 3, beating the $1.31 billion analyst estimate. (Gen Digital)
- [● 4 SOURCES] Gen Digital expects about $100 million of incremental revenue from financial‑wellness adoption over the next 18 months. (Gen Digital)
- [○ 1 SOURCE] Gen Digital’s bookings rose 11% year‑over‑year to $1.28 billion, and revenue grew 11% to $1.34 billion. (Gen Digital)
- [● 4 SOURCES] Gen Digital earned adjusted earnings of $0.71 per share for the quarter, above the $0.69 consensus estimate. (Gen Digital)
- [● 4 SOURCES] Gen Digital raised its full‑year revenue forecast for fiscal 2027 to $5.38 billion‑$5.48 billion. (Gen Digital)
- [● 4 SOURCES] CEO Vincent Pilette said consumer anxiety over AI‑enabled fraud is the primary catalyst for new customer acquisitions. (Vincent Pilette)