Slide 1: Q2-2026 Business Update
Q2-2026 Business Update Kevin Simzer Chief Operating Officer
Slide 2: Our AI-Native Operations Strategy
Our AI-Native Operations Strategy IR-Day 2025 Ø Transforming to an AI company Ø Clearer separation in the different businesses Ø Invest for sustainable growth Ø ARR measurement & progress 2 | ©2026 Trend Micro Inc.
Slide 3: Q2-2026 Results
Q2-2026 Results Net Sales: ARR: Operating Margin: Solid net sales growth +13% YoY* +5% YoY** 8%* Incubation Net Sales: ARR: Net Sales: ARR: Net Sales: ARR: +13% YoY* +6% YoY** +9% YoY* +4% YoY** +8X YoY* +36X YoY** Vision One ARR Digital Life Protection ARR Q2 Investment +49% YoY ** +52% YoY ** 835M
Slide 4: Annual Recurring Revenue (ARR)
Annual Recurring Revenue (ARR) $1.7B* Incubation +5% YoY TrendLife 5% CAGR $476K TrendAI $374M $1.4B 4% YoY $373M $1.3B +6% YoY $1B Q2-2022 Q2-2023 Q2-2024 Q2-2025 Q2-2026 4 | ©2026 Trend Micro Inc. * ARR at constant currency: 1USD= 155.95 yen. Non-GAAP and reference for internal management
Slide 5: AI Investment Is Already Increasing Output
AI Investment Is Already Increasing Output 92% of All Employees R&D Delivering More & Faster Using AI Daily in 1H-2026 with AI SLDC in 1H-2026 2X 2X • Automated customer Code Pull Requests (PRs) in GitHub Employees dashboards delivered in • Agentic SIEM connectors: Using Claude 50% less time while f
Slide 6: Managing Each Cost to a Different Economic Outcome
Managing Each Cost to a Different Economic Outcome Internal AI Transformation Operating Leverage Governance, adoption & measurable productivity thresholds Customer AI & Cloud Consumption Improved Unit Economics Optimize architecture, usage & pricing / credit economics Infrastructure Expansion Scale
Slide 7: Trend Micro - Road to 2028
Trend Micro - Road to 2028 2023 (1) 2024 2025 Q2’26 1H’26 2028E (2) 2026 Net Sales Growth % 11% 10% 1% 13% 11% 9% 8-10% Guidance COGS % of Revenue(3) 22% 20% 20% 27% 24% 18-20% S&M % of Revenue(3) 37% 34% 33% 37% 35% 31-33% R&D % of Revenue(3) 17% 18% 16% 16% 16% 15-17% G&A % of Revenue(3) 8% 8% 8%
Slide 8: TrendAI The Industry-Leading AI Security Platform
> TrendAl The Industry-Leading Al Security Platform Vision One £2) S) € =@ Bo) 8) ®@ Al App Cloud Data Email Endpoint Identity Network Security Security Security Security Security Security Security Services —_ @ TREND:
Slide 9: Growing Vision One Platform ARR
Growing Vision One Platform ARR Annual Recurring Revenue (ARR) Vision One Platform Non-Vision One Subscription $1.3B* Q2-2026 Platform Highlights Non-Vision One Perpetual +6% YoY $1.1B $373M -4% YoY 45% Vision One Enterprise Attach $434M $366M -24% YoY 122% Vision One NRR $617M $615M +49% YoY 87% Vi
Slide 10: Q2-2026 Regional Vision One ARR
Q2-2026 Regional Vision One ARR Non-Vision One Vision One Country by $ARR * YoY% $414M * $404M * #1 US +39% * $371M* $377M #2 Japan +72% #3 Germany +47% * * $291M $288M #4 Brazil +32% * * $242M $248M #5 India +95% #6 Iberia +54% #7 OLAR +24% $179M $206M $169M #8 Italy +49% $111M $137M $129M $61M #9
Slide 11: Driving Scale with MSPs
Driving Scale with MSPs Over 325 Strategic MSPs Selling TrendAI Vision One +92% 48% 8.4X YoY ARR* growth from Have Adopted Average ARR * MSPs selling Cyber Risk Exposure Per Partner Vision One Management (CREM) * ARR at constant currency: (1USD= 155.95 yen - company internal exchange rate for FY2026
Slide 12: Platform Growth Powered by Services
Platform Growth Powered by Services $81M* Q2-2026 Services Highlights +27% YoY +21% YoY increase in services customers $35M 2.6X Avg. ARR* per customer with services Higher average number of solutions per 50% customer with services Q2-2023 Q2-2024 Q2-2025 Q2-2026 * ARR at constant currency: (1USD= 1
Slide 13: The Power of the Platform
The Power of the Platform ENTERPRISE SOLUTION ADOPTION RETENTION ARR CUSTOMERS RATE IMPACT* 39% 81% 1X 14% 90% 2X 10% 91% 3X 37% + 93% 9X * ARR at constant currency: (1USD= 155.95 yen - company internal exchange rate for FY2026). Excludes ARR from CloudEdge retrospectively due to 13 | ©2026 Trend Mi
Slide 14: Strong 2H 2026 Signals for Accelerating Monetization
Strong 2H 2026 Signals for Accelerating Monetization 2H 2026 ARR Pipeline Investment Accelerates With ARR Growth Investment $1.2B+ $1.335 B $1.282 B Without $1.354 B Investment $1.328 B Based on 2025 growth trajectory $1.106 B $1.201 B 2026-08 2026-09 2026-10 2026-11 2026-12 2022 2023 2024 Q1 Q1 202
Slide 15: Q2-2026 Enterprise Dynamics
Q2-2026 Enterprise Dynamics Q2-2026 Vision One ARR* by Region • 41% of deals driven by consolidation − Flex pricing & AWS marketplace top deal accelerators • 56% of deals driven by AI Soc & Cloud Americas AMEA − Agentic SIEM customers: +47% QoQ 28% 29% − CREM customers: Now over 6000 driven by stron
Slide 16: Q2-2026 Status
Q2-2026 Status Digital Life Protection CloudEdge Traditional $374M* Q2-2026 Highlights +4% YoY $373M Digital Life Protection ARR, representing 37% of +52% total TrendLife ARR $225M YOY $330M -13% YoY $12M +2% TrendLife ARPU driven by Digital Life Protection** 5% YoY YOY $137M $8M +52% YoY $36M Q2-20
Slide 17: Incubation: Inception Program customers and MOUs
7 of the global top 20 Now 45 customers, passenger vehicle brands protecting 1.5M+ vehicles 2 of the global top 20 Inception Program commercial vehicle brands 3 of the global top 20 $50B+ construction vehicle brands Addressable Market 15 pilots underway in addition to current signed MOUs $100B+ MOUs
Slide 18: An AI-Native Operations Company
An AI-Native Operations Company Incubation • Broadest AI Security • Focused on Digital Life • Investing in exciting new platform with deep Protection AI market opportunities industry partnerships • New offerings driving with large potential • New GTM investments higher ARPU & increased (4,665M JPY i
Slide 19: Q2-2026 Business Update
Q2-2026 Business Update Kevin Simzer Chief Operating Officer