Gen Digital Inc. · NASDAQ:GEN

Gen Digital — Q2 FY2027 Earnings Presentation

38 slides from Gen Digital's earnings presentation, Oct 28, 2026

  1. Slide 1: Q2 FY27 Earnings

    Q2 FY27 Earnings October 28, 2026

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as “expect,” “will,” “continue,” or similar expre

  3. Slide 3: Copyright © 2026 Gen Digital Inc. All rights reserved.

    Copyright © 2026 Gen Digital Inc. All rights reserved. 3

  4. Slide 4: Another quarter of double-digit growth

    Another quarter of double-digit growth Q2 FY27 Revenue Q2 FY27 Non-GAAP EPS Paid Customers Free Cash Flow (LTM) $1.4B $0.74 83M $1.8B up up up up 12% YoY 19% YoY 6M YoY 36% YoY Note: All numbers presented are non-GAAP unless otherwise indicated. See the appendix for reconciliation of financial measu

  5. Slide 5: Key Financial Highlights Q2 Fiscal Year 2027

    Key Financial Highlights Q2 Fiscal Year 2027 Revenue of $1.37B, up 12% beating the high-end of our guidance and continuing the strong momentum across our major categories Cyber Safety revenue increased 5% and Trust-Based Solutions grew 26%, both in line with our mid-term growth targets, while delive

  6. Slide 6: What's New

    What’s New Copyright © 2026 Gen Digital Inc. All rights reserved. 6

  7. Slide 7: Culture of innovation

    Culture of innovation: Award-winning solutions and world-class service Copyright © 2026 Gen Digital Inc. All rights reserved. 7

  8. Slide 8: Protection and Empowerment in the AI Era

    Protection and Empowerment in the AI Era Safe AI built into Norton 360 keeps the AI tools and assistants on your device from being tricked or doing something harmful behind your back ✓ Action Shield - protects against unwanted AI actions ✓ Safe Links - spots risky links before you click ✓ Gives peop

  9. Slide 9: Avast Study Reveals AI Confidence Trap

    Avast Study Reveals AI Confidence Trap Avast 2026 Safe Tech Report: • 52% of adults globally have shared or considered sharing at least one sensitive item with an AI tool 5.02 • 39% fulfill a request for personal data to “verify” ID 5.02 • 42% accept an offer that looks “too good” • 37% gives in to

  10. Slide 10: Further Expanding Digital Protection

    Further Expanding Digital Protection New LifeLock product offerings strengthen protection and transform product experience, while driving deeper user engagement. Recent and upcoming feature additions: ✓ Real-time scam verification ✓ Scam reimbursement ✓ Enhanced anomaly detection ✓ Estate planning (

  11. Slide 11: Extending Financial Solutions

    Extending Financial Solutions MoneyLion continues to solve volatile and uneven consumer cash flows with innovative offerings. MoneyLion Save offers a premium savings account for MoneyLion One members Cashflow assistant leverages cash flow intelligence to offer a forward-looking view of what you can

  12. Slide 12: Extending the Depth of our Engine Network

    Extending the Depth of our Engine Network ✓ Personal Loans ✓ Credit Cards ✓ Line of Credit ✓ Auto Insurance ✓ Debt Relief ✓ Installment Loans ✓ Credit Builder ✓ Earned Wage Access ✓ Earn Income ✓ Home Equity Line of Credit What’s New: Engine’s marketplace launches first-ever insurance shopping websi

  13. Slide 13: Many Front Doors. One Platform.

    Many Front Doors. One Platform. Connected Intelligence. Integrated Capabilities. Detect Alert Restore Genie Match Assist Connect Offer Protect Your security Recommend Promote agent One Common Platform. Secure, Personalized, Agentic. Copyright © 2026 Gen Digital Inc. All rights reserved. 13

  14. Slide 14: Q2 FY27 Results

    Q2 FY27 Results Copyright © 2026 Gen Digital Inc. All rights reserved. 14

  15. Slide 15: Q2 FY27 Non-GAAP Financial Highlights

    Q2 FY27 Non-GAAP Financial Highlights • 6th consecutive quarter of double-digit Bookings growth from strong execution and market demand • Durable operating margins at 50%, with 62% margin in Cyber Safety Platform and 30% in Trust-Based Solutions • 12th consecutive quarter of double-digit EPS growth,

  16. Slide 16: Double Digit Performance

    Double Digit Performance Non-GAAP P&L Q2 Q2 ($mil), except per share amounts FY26 FY27 Y/Y % Q2 Revenue of $1.37B, up 12% Y/Y Revenue $1,220 $1,369 12% • Leader in Cyber Safety memberships, now enhanced with Gross Profit 8% 1,021 1,101 multi-layered agentic security and scam protection • Engine grow

  17. Slide 17: Cyber Safety Platform

    Cyber Safety Platform Segment Performance ($ in millions, unless otherwise indicated) Durable growth with record high margins of 62% Q2 Q2 FY26 FY27 Y/Y % • Q2 Revenue up 5% Y/Y and Bookings up 4% Y/Y (CC), supported by strong renewals, cross-sells and upsells Revenue $814 $858 5% in Norton • New No

  18. Slide 18: Trust-Based Solutions

    Trust-Based Solutions Segment Performance ($ in millions, unless otherwise indicated) Financial Wellness driving strong double-digit growth, Q2 Q2 supported by trusted Identity solutions FY26 FY27 Y/Y % • Q2 Revenue up 26% Y/Y and Bookings up 24% Y/Y Revenue $406 $511 26% • Enhanced LifeLock brand a

  19. Slide 19: Performance Metrics

    Performance Metrics • Direct revenue growth of 6% Revenue by Channel, Paid Customers ($ in millions, unless otherwise indicated) • Consistent Cyber Safety growth, driven by continued all-in-one membership adoption Q2 Q2 • Robust personal financial management growth FY26 FY27 Y/Y % • Partner revenue

  20. Slide 20: Balance Sheet & Cash Flow

    Balance Sheet & Cash Flow Key Balance Sheet, Cash Flow Metrics ($ millions) Q2 FY26 Q1 FY27 Q2 FY27 Balance Sheet • Operating and Free Cash Flow of $320M+ Cash, cash equivalents $701 $564 $589 and restricted cash • $1.7B capital deployed (LTM) towards share Contract Liabilities $1,862 $1,919 $1,899

  21. Slide 21: Raised FY27 Non-GAAP Guidance

    Raised FY27 Non-GAAP Guidance FY27 Q3 FY27 FY27 Key Assumptions: • Revenue up 10 - 11% Y/Y adjusted $5.465 - $5.515B $1.365 - $1.39B (raised from 9 - 11% Y/Y adjusted) • EPS up 16 - 18% Y/Y adjusted Revenue Revenue (raised from 14 - 18% Y/Y adjusted) 10 - 11% Y/Y 10 - 12% Y/Y • Segment margins stabl

  22. Slide 22: Supplemental Information

    Supplemental Information Copyright © 2026 Gen Digital Inc. All rights reserved. 22

  23. Slide 23: Trended Non-GAAP Segment Financials and Performance Metrics

    Trended Non-GAAP Segment Financials and Performance Metrics ($Ms) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Q2 FY27 Cyber Safety Platform: Segment Revenue $869 $814 $819 $837 $3,339 $846 $858 Operating Income $530 $500 $503 $508 $2,041 $519 $534 Operating Margin 61% 61% 61% 61% 61% 61% 62% Trust-

  24. Slide 24: Capital Structure

    Capital Structure Facility Principal ($M) Maturity Coupon Debt Maturities in $Ms (Initial Principal Amounts) If drawn: As of October 2, 2026 Revolver (RCF): undrawn $1,500 FY31 SOFR+1.375% Term Loan A (TLA) $2,672 FY31 SOFR+1.375% Term Loan B (TLB) $2,322 FY30 SOFR+1.75% Term Loan B (TLB) $741 FY33

  25. Slide 25: Trended Non-GAAP Quarterly Results

    Trended Non-GAAP Quarterly Results Non-GAAP P&L Q1 FY26 Q1 FY27 Q2 FY27 ($M), except per share amounts Q2 FY26 Q3 FY26 Q4 FY26 FY26 Cyber Safety Platform 869 814 819 837 3,339 846 858 Trust-Based Solutions 388 406 421 446 1,661 490 511 TOTAL REVENUE $1,257 $1,220 $1,240 $1,283 $5,000 $1,336 $1,369 Y

  26. Slide 26: Reconciliation to Non-GAAP Gross Profit

    Reconciliation to Non-GAAP Gross Profit GAAP to Non-GAAP Gross Profit ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Q2 FY27 GAAP Results of Operation Gross profit (GAAP) $990 $954 $972 $1,007 $3,923 $1,029 $1,039 Non-GAAP Gross Profit Adjustments Cost of revenues • Stock-based compensation 2 1 (

  27. Slide 27: Reconciliation to Non-GAAP Operating Income

    Reconciliation to Non-GAAP Operating Income GAAP to Non-GAAP Operating Income ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Q2 FY27 GAAP Results of Operation Operating income (GAAP) $446 $438 $433 $803 $2,120 $443 $507 Total Non-GAAP gross profit adjustment 67 67 63 61 258 64 62 Non-GAAP Operati

  28. Slide 28: Reconciliation to Non-GAAP Net Income

    Reconciliation to Non-GAAP Net Income GAAP to Non-GAAP Net Income ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Q2 FY27 GAAP Results of Operation Net income (GAAP) $135 $134 $192 $512 $973 $215 $287 Total Non-GAAP gross profit adjustment 67 67 63 61 258 64 62 Total Non-GAAP operating expense adj

  29. Slide 29: Reconciliation to Non-GAAP EPS and Net Income

    Reconciliation to Non-GAAP EPS and Net Income Q2FY27 GAAP to Non-GAAP EPS and Net Income (1) ($M), except per share amounts EPS Net Income GAAP EPS / Net Income $0.48 $287 • Stock based compensation 0.09 56 • Amortization of intangible assets 0.20 118 • Acquisition and integration costs 0.00 3 • Lit

  30. Slide 30: Reconciliation to Historical Comparative Non-GAAP Adjusted Revenue

    Reconciliation to Historical Comparative Non-GAAP Adjusted Revenue Adjusted Revenues MoneyLion Historical Adjusted (Non-GAAP) ($M) As Reported (GAAP) Q1 FY25 965 131 1,096 Q2 FY25 974 135 1,109 Q3 FY25 986 159 1,145 Q4 FY25 1,010 169 1,179 FY25 $3,935 $594 $4,529 Copyright © 2026 Gen Digital Inc. Al

  31. Slide 31: Reconciliation to Q1 FY26 Non-GAAP Adjusted Results

    Reconciliation to Q1 FY26 Non-GAAP Adjusted Results Non-GAAP Adjusted P&L Q1 FY26 MoneyLion Q1 FY26 Q1 FY27 Adjusted Reported Extra week Adjusted Reported ($M), except per share amounts (Non-GAAP) stub period (Non-GAAP) (Non-GAAP) Y/Y % Total Revenue $1,257 $(87) $38 $1,208 $1,336 11% Copyright © 20

  32. Slide 32: Reconciliation to Non-GAAP (Unlevered) Free Cash Flow

    Reconciliation to Non-GAAP (Unlevered) Free Cash Flow Unlevered Free Cash Flow Reconciliation ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Q2 FY27 Net Cash Flow from Operating Activities $409 $116 $541 $479 $1,545 $434 $326 Adjustments: • Capital Expenditures (4) (9) (6) (3) (22) (4) (3) Free C

  33. Slide 33: Trended GAAP Revenue by Geo

    Trended GAAP Revenue by Geo Revenue by Geo ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Q2 FY27 US 819 809 824 857 3,309 907 931 Rest of Americas 60 55 56 53 224 54 54 Americas 879 864 880 910 3,533 961 985 EMEA 268 257 263 273 1,061 274 280 APJ 110 99 97 100 406 101 104 Total Revenue $1,257 $1

  34. Slide 34: Trended EBITDA (Non-GAAP)

    Trended EBITDA (Non-GAAP) Reported EBITDA (Non-GAAP)(1) ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Q2 FY27 Net income $135 $134 $192 $512 $973 $215 $287 Adjustments: • Net interest expense 147 140 132 125 544 121 119 • Income tax expense (benefit) 165 99 117 157 538 108 99 • Depreciation and

  35. Slide 35: Debt Covenant EBITDA (Non-GAAP)

    Debt Covenant EBITDA (Non-GAAP) Debt Covenant EBITDA (Non-GAAP) (1) ($M) LTM (4) Net income $1,206 Adjustments: • Net interest expense 497 • Income tax expense (benefit) 481 • Depreciation and amortization 490 EBITDA (Non-GAAP) $2,674 Adjustments to EBITDA: • Stock-based compensation 220 • Restructu

  36. Slide 36: Use of GAAP and Non-GAAP financial information

    Use of GAAP and Non-GAAP financial information We use non-GAAP measures of operating margin, operating income, net income, results of operations, and earnings per share, which are adjusted from results based on GAAP and exclude certain expenses, gains and losses. We also provide the non-GAAP metrics

  37. Slide 37: Explanation of Non-GAAP Measures and Other Items

    Explanation of Non-GAAP Measures and Other Items Paid Customers: We define paid customers as active users of our products Bookings: Bookings are defined as customer orders received that are and solutions, including subscribers with an active paid subscription to our expected to generate net revenues

  38. Slide 38: Investor.GenDigital.com | IR@GenDigital.com

    Web: Investor.GenDigital.com | Email: IR@GenDigital.com

Gen Digital — Q2 FY2027 Earnings Presentation on 6ix