Gen Digital Inc. Reports 26% Revenue Growth to $1.24 Billion in Latest Quarter

Gen Digital Inc. reported significant financial growth in its latest quarterly results, with net revenues reaching $1.24 billion for the three months ended January 2, 2026, a 26% increase from $986 million in the same period the previous year. For the nine months ending January 2, 2026, revenues totaled $3.72 billion, up 27% from $2.93 billion year-over-year. The company attributed this growth primarily to increased sales in both its Cyber Safety Platform and Trust-Based Solutions segments, including a $218 million contribution from the acquisition of MoneyLion, which was completed in April 2025.

Operating income for the third quarter increased to $433 million, compared to $374 million in the prior year, while net income rose to $192 million from $159 million. This resulted in a diluted net income per share of $0.31, up from $0.26. The increase in operating income was largely driven by higher revenues, although it was partially offset by increased marketing costs and amortization of intangible assets. For the nine-month period, operating income was $1.32 billion, up from $1.19 billion, but net income decreased to $461 million from $501 million, primarily due to higher income tax expenses.

In terms of operational metrics, Gen Digital reported a total of 78 million paid customers as of January 2, 2026, an increase from 67 million the previous year. The company also noted a significant rise in its Trust-Based Solutions segment, which generated $421 million in revenues for the quarter, compared to $187 million in the same period last year. The Cyber Safety Platform segment also saw growth, with revenues of $819 million, up from $799 million.

The acquisition of MoneyLion has been a pivotal strategic move for Gen Digital, enhancing its offerings in financial wellness and identity solutions. The integration of MoneyLion is ongoing, and the company expects to realize synergies from this acquisition in the coming quarters. Additionally, Gen Digital has been actively managing its capital structure, with cash, cash equivalents, and restricted cash totaling $619 million as of January 2, 2026, down from $1.01 billion at the end of the previous fiscal year. The company has also engaged in stock repurchase activities, buying back $434 million worth of shares in the first nine months of fiscal 2026.

Looking ahead, Gen Digital remains optimistic about its growth trajectory, despite potential challenges posed by global macroeconomic conditions. The company plans to continue leveraging its strong product portfolio and customer base to drive future revenue growth, while also focusing on managing costs and enhancing operational efficiencies.