Gen Digital (GEN) Q3 2026 earnings summary

Executive summary

• Q3 FY26 revenue reached $1,240 million, up 26% year-over-year, with bookings of $1,319 million, and strong free cash flow generation.

• Non-GAAP EPS increased 14% year-over-year to $0.64, marking the ninth consecutive quarter of double-digit EPS growth.

• Paid customer base grew to 78 million, with 1 million net additions sequentially and up from 67 million a year ago.

• Nearly $700 million of capital was returned to shareholders during the quarter through share repurchases, debt repayment, and dividends.

• Continued integration of MoneyLion and expansion of AI-driven cyber safety and financial wellness offerings.

Financial highlights

• Q3 bookings reached $1,319 million, up 27% year-over-year; revenue was $1,240 million, up 26% year-over-year.

• Operating income was $629 million (non-GAAP, 51% margin) and $433 million (GAAP, 35% margin); net income was $394 million (non-GAAP) and $192 million (GAAP); diluted EPS was $0.64 (non-GAAP) and $0.31 (GAAP).

• Free cash flow for Q3 was $535 million; year-to-date free cash flow exceeded $1 billion, up 42% year-over-year.

• Cash, cash equivalents, and restricted cash at quarter-end totaled $619 million; total liquidity over $2.1 billion.

• Direct revenue grew 18% year-over-year; partner revenue surged 87% year-over-year.

Outlook and guidance

• FY26 revenue guidance raised to $4.955–$4.975 billion; non-GAAP EPS guidance raised to $2.54–$2.56.

• Q4 FY26 revenue expected at $1.24–$1.26 billion, EPS at $0.64–$0.66.

• Guidance assumes high single-digit pro forma growth, disciplined cost management, and continued investment in AI and platform innovation.

• MoneyLion expected to exit FY26 with a 30–35% growth rate.

• Regular quarterly cash dividend of $0.125 per share approved, payable March 11, 2026.