Slide 1: Q1 FY27 Earnings
Q1 FY27 Earnings August 6, 2026
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
Slide 3: Copyright © 2026 Gen Digital Inc. All rights reserved.
Copyright © 2026 Gen Digital Inc. All rights reserved. 3
Slide 4: Gen Delivers Double-Digit Growth
Gen Delivers Double-Digit Growth Q1 FY27 Revenue Q1 FY27 Non-GAAP EPS Paid Customers Free Cash Flow (LTM) $1.3B $0.71 81M $1.5B+ up up up up 11% YoY 19% YoY 5M YoY 15% YoY Note: All numbers presented are non-GAAP unless otherwise indicated. See the appendix for reconciliation of financ ial meas ures
Slide 5: Key Financial Highlights Q1 Fiscal Year 2027
Key Financial Highlights Q1 Fiscal Year 2027 Revenue grew 11% to $1.34B, beating the high-end of our guidance and continuing the strong momentum across our major categories Cyber Safety revenue increased 4% and Trust-Based Solutions grew 24%, both in line with our mid-term growth targets, while deli
Slide 6: What's New
What's New 6 Copyright © 2026 Gen Digital Inc. All rights reserved. 6
Slide 7: From Cyber Safety to Financial Empowerment
From Cyber Safety to Financial Empowerment: Award-winning solutions and world-class service Copyright © 2026 Gen Digital Inc. All rights reserved. 7
Slide 8: Premium All-In-One
Premium All-In-One Norton 360 becomes the definitive home for the complete Norton experience, with a modernized UX and simplified app portfolio Shifting from passive, set-and-forget protection to a proactive experience and surfacing what's happening and what to do next, such as personalized insights
Slide 9: You're in Control
You're in Control Free tier of Avast One provides comprehensive protection rather than watered-down features designed to pressure an upgrade Best-in-class features right from the start, including free antivirus and real-time threat protection, scam detection, no-log VPN, data breach monitoring, and
Slide 10: Protection for Your Life
Protection for Your Life LifeLock launched several new features, with a focus on driving greater user engagement through better personalization and insights Card Exposure Control – shows users every merchant holding their card data, flags the risk level, and lets them opt out in two taps Ask LifeLoc
Slide 11: Simple Money Management
Simple Money Management MoneyLion One rewards customers with a one-stop membership to earn more from their paychecks, bundling premium and competitive banking, high-yield savings, and managed investing The only banking membership to offer identity protection built-in, powered by LifeLock Continuousl
Slide 12: Personalized Recommendations
Personalized Recommendations More partnerships. 30+ new partner adds expanded our marketplace across lending, cards, insurance, and adjacent financial needs More user impact. 425M+ network inquiries, leveraging personalized insights and recommendations, matched with relevant financial product discov
Slide 13: Threat Report H1 2026
Threat Report H1 2026 Attackers spent the first half of 2026 abusing trust that already exists: hotel workflows, messaging sessions, browser data, developer tools, AI agents, payment habits and identity signals 20.3M 1.9B+ 3.3M 1M 18,618 1.5M Tech support scam Tracking attempts Breach notification W
Slide 14: Fearless Planet Index
Fearless Planet Index Powered by telemetry from the Gen Threat Labs, the Fearless Planet Index (FPI) transforms billions of real- world security signals into an interactive view of today's digital threat landscape. Within the FPI, people can: • Select a country to explore its most prominent scams, m
Slide 15: Q1 FY27 Results
Q1 FY27 Results Copyright © 2026 Gen Digital Inc. All rights reserved. 15
Slide 16: Q1 FY27 Non-GAAP Financial Highlights
Q1 FY27 Non-GAAP Financial Highlights • Accelerated top-line growth reflects structural increase in demand and momentum • 5th consecutive quarter of double-digit topline growth; Bookings and Revenue up 11% • Strong operating margins at 50%, with 61% margin in Cyber Safety Platform and 30% in Trust-B
Slide 17: Execution at Scale
Execution at Scale Q1 Q1 Adjusted Non-GAAP P&L ($mil), except per share amounts FY26 FY27 Y/Y % Y/Y % Q1 Revenue of $1.34B, up 11% Y/Y adjusted Revenue $1,257 $1,336 6% 11% • Leader in Cyber Safety memberships, now enhanced with Gross Profit 1,057 1,093 3% multi-layered agentic security and scam pro
Slide 18: Cyber Safety Platform
Cyber Safety Platform Segment Performance ($ in millions, unless otherwise indicated) Stable, resilient growth with robust margins above 60% Q1 Q1 Adjusted FY26 FY27 Y/Y % Y/Y % • Q1 Bookings and Revenue up 4% Y/Y adjusted, supported by increased membership adoption and Revenue $869 $846 (3%) 4% Gen
Slide 19: Trust-Based Solutions
Trust-Based Solutions Segment Performance ($ in millions, unless otherwise indicated) Scaling growth engines across identity, personal Q1 Q1 Adjusted financial management, and financial marketplace FY26 FY27 Y/Y % Y/Y % • Q1 Bookings and Revenue up 25% and 24% Y/Y Revenue $388 $490 26% 24% adjusted,
Slide 20: Performance Metrics
Performance Metrics • Direct revenue adjusted growth of 6% Revenue by Channel, Paid Customers ($ in millions, unless otherwise indicated) • Cyber safety all-in-one membership adoption above 60% across Norton, Avast, and Avira Q1 Q1 Adjusted • Robust personal financial management growth FY26 FY27 Y/Y
Slide 21: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Key Balance Sheet, Cash Flow Metrics ($ millions) Q1 FY26 Q4 FY26 Q1 FY27 Balance Sheet • Operating and Free Cash Flow of $430M+ Cash, cash equivalents $828 $411 $564 and restricted cash • $1.5B capital deployed (LTM) towards share Contract Liabilities $1,873 $1,977 $1,919
Slide 22: Raised FY27 Non-GAAP Guidance
Raised FY27 Non-GAAP Guidance FY27 Q2 FY27 Key Assumptions: • Revenue up 9 - 11% Y/Y adjusted $5.375 - $5.475B $1.325 - $1.350B (raised from 8 - 10% Y/Y adjusted) • EPS up 14 - 18% Y/Y adjusted Revenue Revenue (raised from 13 - 17% Y/Y adjusted) 9 - 11% Y/Y 9 - 11% Y/Y • Segment margins stable: Cybe
Slide 23: Supplemental Information
Supplemental Information Copyright © 2026 Gen Digital Inc. All rights reserved. 23
Slide 24: Trended Non-GAAP Segment Financials and Performance Metrics
Trended Non-GAAP Segment Financials and Performance Metrics ($Ms) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Cyber Safety Platform: Segment Revenue $869 $814 $819 $837 $3,339 $846 Operating Income $530 $500 $503 $508 $2,041 $519 Operating Margin 61% 61% 61% 61% 61% 61% Trust-Based Solutions: Segme
Slide 25: Capital Structure
Capital Structure Facility Principal ($M) Maturity Coupon Debt Maturities in $Ms (Initial Principal Amounts) If drawn: Revolver (RCF): undrawn $1,500 FY31 SOFR+1.375% As of July 3, 2026 Term Loan A (TLA) $2,707 FY31 SOFR+1.375% Term Loan B (TLB) $2,331 FY30 SOFR+1.75% Term Loan B (TLB) $742 FY33 SOF
Slide 26: Trended Non-GAAP Quarterly Results
Trended Non-GAAP Quarterly Results Non-GAAP P&L Q1 FY26 Q1 FY27 ($M), except per share amounts Q2 FY26 Q3 FY26 Q4 FY26 FY26 Cyber Safety Platform 869 814 819 837 3,339 846 Trust-Based Solutions 388 406 421 446 1,661 490 TOTAL REVENUE $1,257 $1,220 $1,240 $1,283 $5,000 $1,336 Y/Y % 30% 25% 26% 27% 27
Slide 27: Reconciliation to Non-GAAP Gross Profit
Reconciliation to Non-GAAP Gross Profit GAAP to Non-GAAP Gross Profit ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 GAAP Results of Operation Gross profit (GAAP) $990 $954 $972 $1,007 $3,923 $1,029 Non-GAAP Gross Profit Adjustments Cost of revenues • Stock-based compensation 2 1 (4) — (1) 1 • Am
Slide 28: Reconciliation to Non-GAAP Operating Income
Reconciliation to Non-GAAP Operating Income GAAP to Non-GAAP Operating Income ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 GAAP Results of Operation Operating income (GAAP) $446 $438 $433 $803 $2,120 $443 Total Non-GAAP gross profit adjustment 67 67 63 61 258 64 Non-GAAP Operating Expense Adjus
Slide 29: Reconciliation to Non-GAAP Net Income
Reconciliation to Non-GAAP Net Income GAAP to Non-GAAP Net Income ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 GAAP Results of Operation Net income (GAAP) $135 $134 $192 $512 $973 $215 Total Non-GAAP gross profit adjustment 67 67 63 61 258 64 Total Non-GAAP operating expense adjustment 137 118
Slide 30: Reconciliation to Non-GAAP EPS and Net Income
Reconciliation to Non-GAAP EPS and Net Income Q1FY27 GAAP to Non-GAAP EPS and Net Income (1) ($M), except per share amounts EPS Net Income GAAP EPS / Net Income $0.36 $215 • Stock based compensation 0.08 50 • Amortization of intangible assets 0.20 119 • Restructuring and other costs 0.05 32 • Acquis
Slide 31: Reconciliation to historical comparative Non-GAAP Adjusted Revenues
Reconciliation to historical comparative Non-GAAP Adjusted Revenues Adjusted Revenues MoneyLion Historical Adjusted (Non-GAAP) ($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 $4,529 Copyright © 2026 Gen Digital Inc. A
Slide 32: Reconciliation to Q1 FY26 Non-GAAP Adjusted Revenue
Reconciliation to Q1 FY26 Non-GAAP Adjusted Revenue Non-GAAP Adjusted P&L Q1 FY26 MoneyLion Q1 FY26 Q1 FY27 Adjusted Reported Extra week Adjusted Reported ($M), except per share amounts (Non-GAAP) stub period (Non-GAAP) (Non-GAAP) Y/Y % Cyber Safety Platform 869 (56) — 813 846 4% Trust-Based Solutio
Slide 33: 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 $1,336 11% Operating inco
Slide 34: Reconciliation to Non-GAAP (Unlevered) Free Cash Flow
Reconciliation to Non-GAAP (Unlevered) Free Cash Flow Unlevered Free Cash Flow Reconciliation ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Net Cash Flow from Operating Activities $409 $116 $541 $479 $1,545 $434 Adjustments: • Capital Expenditures (4) (9) (6) (3) (22) (4) Free Cash Flow $405 $10
Slide 35: Trended GAAP Revenue by Geo
Trended GAAP Revenue by Geo Revenue by Geo($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 US 819 809 824 857 3,309 907 Rest of Americas 60 55 56 53 224 54 Americas 879 864 880 910 3,533 961 EMEA 268 257 263 273 1,061 274 APJ 110 99 97 100 406 101 Total Revenue $1,257 $1,220 $1,240 $1,283 $5,000 $1
Slide 36: Trended EBITDA (Non-GAAP)
Trended EBITDA (Non-GAAP) Reported EBITDA (Non-GAAP)(1) ($M) Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY26 Q1 FY27 Net income $135 $134 $192 $512 $973 $215 Adjustments: • Net interest expense 147 140 132 125 544 121 • Income tax expense (benefit) 165 99 117 157 538 108 • Depreciation and amortization 123 125
Slide 37: Debt Covenant EBITDA (Non-GAAP)
Debt Covenant EBITDA (Non-GAAP) Debt Covenant EBITDA (Non-GAAP) (1) ($M) LTM (4) Net income $1,053 Adjustments: • Net interest expense 518 • Income tax expense (benefit) 481 • Depreciation and amortization 493 EBITDA (Non-GAAP) $2,545 Adjustments to EBITDA: • Stock-based compensation 219 • Restructu
Slide 38: 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 metric
Slide 39: 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
Slide 40: Web: Investor.GenDigital.com | Email: IR@GenDigital.com
Agentic VPN Agent Scam & Fraud Protection Detection Ask Genie Personalization Recommender Reputation Web: Investor.GenDigital.com | Email: IR@GenDigital.com