Slide 1: Q2 FY26 Earnings
Q2 FY26 Earnings November 6, 2025
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 ex p
Slide 3: Copyright wan
Copyright © 2025 Gen Digital Inc. wan
Slide 4: Leader in consumer Cyber Safety & Financial Wellness
: Leader in consumer Cyber Safety & Financial Wellness Tech Powerhouse Global Reach Business Segments 10B+ 10PB ~500M 75M+ Cyber Safety Platform: Security & Privacy Attacks Threat Data used Users Paid Customers Secure against cyber threats blocked to train AI models Safeguard personal data 2,000 4B+
Slide 5: Protecting & empowering consumers
Protecting & empowering consumers Cyber Safety Trust-Based Solutions 4.7 App Store Rating "Secure financial wellness, in this context, represents a strategy to embed protection into every stage of a consumer’s financial life." 5
Slide 6: Q2 threat acceleration & protection innovation
Q2 threat acceleration & protection innovation AI speeds up deception. Gen speeds up protection. Defending trust in the digital world. VibeScams Hidden Ads Data & ID Deepfake (from prompt to phish) Adware Fraud Scam 140K +77% +82% AI AI-built fakes Q/Q with Q/Q increase in voice and video blocked t
Slide 7: Copyright © 2025 Gen Digital Inc. All rights reserved.
Copyright © 2025 Gen Digital Inc. All rights reserved. 7
Slide 8: Intel and Qualcomm partnerships to bring Norton in leading AI PCs
Intel and Qualcomm partnerships to bring Norton 360 in leading AI PCs (more to come) Detect manipulated audio directly on device for fast analysis while preserving privacy Proprietary AI analyzes the content and context to identify scam intent Automatic detection for YouTube and Facebook Copyright ©
Slide 9: Norton VPN enhancements and market accolades
Norton VPN enhancements and market accolades “A simple and effective VPN from the trusted security giant.” Copyright © 2025 Gen Digital Inc. All rights reserved. 9
Slide 10: Prime partners onboarded
Prime partners onboarded Copyright © 2025 Gen Digital Inc. All rights reserved. 10
Slide 11: Copyright © 2025 Gen Digital Inc. All rights reserved.
Copyright © 2025 Gen Digital Inc. All rights reserved. 11
Slide 12: Enabling consumers understand their financial and credit data
Enabling consumers understand their financial and credit data 1 2 Copyright © 2025 Gen Digital Inc. All rights reserved. 12
Slide 13: AI-powered platform with trust layer
AI-driven behavioral Cyber Safety segmentation scam assistant Financial fraud Data driven AI-powered platform with trust layer detection moments of truth Customer support Agentic lifecycle agents marketing Sentiment AI Product and content for reputation recommender Personalized insights, decisioning
Slide 14: FY26 Q2 Results
FY26 Q2 y 1 ' | Results S . Gen
Slide 15: Q2 Non-GAAP Financial Highlights
Q2 Non-GAAP Financial Highlights • Accelerating topline growth to 25% reported, up 10% pro-forma • Robust operating margins at 51%, with 61% margin in Cyber Safety Platform • 8th quarter of double-digit EPS growth, driven by strong execution and balanced capital allocation Bookings Revenue Operating
Slide 16: Continued momentum in Q2
Continued momentum in Q2 Non-GAAP P&L Q2 Q2 Q2 Revenue of $1,220M, up 25% Y/Y FY25 FY26 Y/Y % ($mil), except per share amounts • Pro-forma growth (MoneyLion in prior year baseline): up 10% Revenue $974 $1,220 25% • Gen excluding MoneyLion: up 5% Gross Profit 839 1,021 22% • Broad-based growth in Cyb
Slide 17: Cyber Safety Platform
Cyber Safety Platform Segment Performance Stable, resilient growth with robust ($ in millions, unless otherwise indicated) margins above 60% Q2 Q2 • Cyber Safety Platform includes our security, FY25 FY26 Y/Y % cyber safety suites, and privacy business lines Revenue $789 $814 3% • Bookings up 5% and
Slide 18: Trust-Based Solutions
Trust-Based Solutions Accelerated performance while driving business integration of MoneyLion Segment Performance ($ in millions, unless otherwise indicated) • Trust-Based Solutions includes our identity, reputation, financial wellness business lines Q2 Q2 FY25 FY26 Y/Y % • Bookings up 26% and Reven
Slide 19: Other Performance Metrics
Other Performance Metrics • Direct revenue reflects subscriptions sold directly through e-commerce or mobile channels, revenue generated from financial Revenue by Channel, Paid Customers transactions directly made through Gen. ($ in millions, unless otherwise indicated) • Pro-forma (1) growth of 6%
Slide 20: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Key Balance Sheet, Cash Flow, Q2 Q1 Q2 & Other Metrics ($ millions) FY25 FY26 FY26 • Liquidity of $2.2B+ Balance Sheet • $0.7B cash + $1.5B revolver undrawn Cash, cash equivalents and $737 $828 $701 restricted cash Contract Liabilities $1,827 $1,873 $1,862 • Debt / EBITDA (
Slide 21: Raising FY26 Non-GAAP Guidance
Raising FY26 Non-GAAP Guidance Raised both Revenue and EPS Guidance Assumptions: Reflects strong H1 execution, MoneyLion Revenue growth: 25% - 26% Y/Y business model transition expected in H2 FY26 • High-single digit growth pro-forma • MoneyLion exit growth rate of ~30% Q3 Full Year Prior Guidance F
Slide 22: Supplemental Information
Supplememtal Information 22
Slide 23: Trended Non-GAAP Segment Financials and Performance Metrics
Trended Non-GAAP Segment Financials and Performance Metrics ($Ms) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Cyber Safety Platform: Segment Revenue $780 $789 $799 $808 $3,176 $869 $814 Operating Income $466 $470 $479 $496 $1,911 $530 $500 Operating Margin 60% 60% 60% 61% 60% 61% 61% Trust-
Slide 24: Capital Structure
Capital Structure Facility Principal ($M) Maturity Coupon Debt Maturities in $M (Initial Principal Amounts) ROAR 2 SPV Credit Facility $40 FY26 12.5% As of October 03, 2025 If drawn: Revolver (RCF): undrawn $1,500 FY28 SOFR+CSA+1.5% Term Loan A (TLA) $3,197 FY28 SOFR+CSA+1.5% Term Loan B (TLB) $2,35
Slide 25: Trended Non-GAAP Quarterly Results
Trended Non-GAAP Quarterly Results Non-GAAP P&L Q1 FY25 Q1 FY26 Q2 FY26 ($M), except per share amounts Q2 FY25 Q3 FY25 Q4 FY25 FY25 Cyber Safety Platform 780 789 799 808 3,176 869 814 Trust-Based Solutions 185 185 187 202 759 388 406 TOTAL REVENUE $965 $974 $986 $1,010 $3,935 $1,257 $1,220 Y/Y % 3%
Slide 26: Reconciliation to Non-GAAP Gross Profit
Reconciliation to Non-GAAP Gross Profit GAAP to Non-GAAP Gross Profit ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 GAAP Results of Operation Gross profit (GAAP) $775 $780 $793 $811 $3,159 $990 $954 Non-GAAP Gross Profit Adjustments Cost of revenues • Stock-based compensation 1 1 1 1 4 2
Slide 27: Reconciliation to Non-GAAP Operating Income
Reconciliation to Non-GAAP Operating Income GAAP to Non-GAAP Operating Income ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 GAAP Results of Operation Operating income (GAAP) $417 $402 $374 $417 $1,610 $446 $438 Total Non-GAAP gross profit adjustment 58 59 57 57 231 67 67 Non-GAAP Operati
Slide 28: Reconciliation to Non-GAAP Net Income
Reconciliation to Non-GAAP Net Income GAAP to Non-GAAP Net Income ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 GAAP Results of Operation Net income (GAAP) $181 $161 $159 $142 $643 $135 $134 Total Non-GAAP gross profit adjustment 58 59 57 57 231 67 67 Total Non-GAAP operating expense adj
Slide 29: Reconciliation to Non-GAAP EPS and Net Income
Reconciliation to Non-GAAP EPS and Net Income Q2FY26 GAAP to Non-GAAP EPS and Net Income (1) ($M), except per share amounts EPS Net Income GAAP EPS / Net Income $0.21 $134 • Stock based compensation 0.09 55 • Amortization of intangible assets 0.19 121 • Restructuring and other costs 0.01 4 • Acquisi
Slide 30: Reconciliation to Non-GAAP (Unlevered) Free Cash Flow
Reconciliation to Non-GAAP (Unlevered) Free Cash Flow Unlevered Free Cash Flow Reconciliation ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Net Cash Flow from Operating Activities $264 $158 $326 $473 $1,221 $409 $116 Adjustments: • Capital Expenditures (2) (2) (8) (3) (15) (4) (9) Free C
Slide 31: Trended GAAP Revenue by Geo
Trended GAAP Revenue by Geo Revenue by Geo ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 US 579 584 589 606 2,358 819 809 Rest of Americas 57 57 58 57 229 60 55 Americas 636 641 647 663 2,587 879 864 EMEA 233 233 240 247 953 268 257 APJ 96 100 99 100 395 110 99 Total Revenue $965 $974 $9
Slide 32: Trended EBITDA (Non-GAAP)
Trended EBITDA (Non-GAAP) Reported EBITDA (Non-GAAP)(1) ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Net income $181 $161 $159 $142 $643 $135 $134 Adjustments: • Net interest expense 145 143 135 127 550 147 140 • Income tax expense (benefit) 95 97 49 145 386 165 99 • Depreciation and am
Slide 33: Debt Covenant EBITDA (Non-GAAP)
Debt Covenant EBITDA (Non-GAAP) Debt Covenant EBITDA (Non-GAAP) (1) ($M) LTM (3) Net income $570 Adjustments: • Net interest expense 549 • Income tax expense (benefit) 458 • Depreciation and amortization 456 EBITDA (Non-GAAP) $2,033 Adjustments to EBITDA: • Stock-based compensation 191 • Restructuri
Slide 34: 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
Slide 35: Explanation of Non-GAAP Measures and Other Items
Explanation of Non-GAAP Measures and Other Items Bookings: Bookings are defined as customer orders received that are expected to generate net revenues in the future. We present the ope rational metric of bookings because it reflects customers' demand for our products and services and to assist reade
Slide 36: Thank you
Thank you Web: Investor.GenDigital.com Email: IR@GenDigital.com Web: Investor.GenDigital.com | Email: IR@GenDigital.com Copyright © 2025 Gen Digital Inc. All rights reserved. 36