Gen Digital Inc. (GEN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Today's call contains statements regarding our business, financial performance, and operations, including the impact on our business and industry that may be considered forward-looking statements. And such statements involve risks and uncertainties that may cause actual results to differ materially from our current expectations. Those statements are based on current beliefs, assumptions, and expectations as of today's date, August 7th, 2025. We undertake no obligation to update these statements as a result of new information or future events. For more information, please refer to the cautionary statement in our press release and the risk factors in our filings with the SEC, and in particular, our most recent reports on Form 10-K and Form 10-Q. And now, I'll turn the call over to Vincent. Good afternoon, and thank you for joining us today. Fiscal Year 2026 is off to a strong start. We delivered outstanding first-quarter results ahead of expectations, including the first quarter of moneyline operating within GEN. We are entering an exciting new era at GEN, supported by product innovation and fueled by increasing consumer demand for protection, trust, and financial empowerment. So let's start with the numbers. In Q1, bookings and revenue grew over 30% over a year on a reported basis and 10% on a pro-forma or adjusted basis. Our non-GAAP operating margins remain robust at 52%, and non-GAAP EPS exceeded the high end of our guidance, coming in at 64% of 20% year over year. As we mentioned on our Q4 call, this quarter also included an extra fiscal week, which contributed approximately nine points to reported stop-line growth. Excluding MoneyLine's contribution and the benefit of the extra fiscal week, GEN revenue increased 5% year over year, with continued growth in our dir...