Gen Digital (NASDAQ:GEN) Releases FY 2026 Earnings Guidance

Gen Digital (NASDAQ:GEN) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.510-2.56 for the period, compared to the consensus EPS estimate of 2.430. The company issued revenue guidance of $4.9 billion-$5.0 billion, compared to the consensus revenue estimate of $4.9 billion. Gen Digital also updated its Q3 2026 guidance to 0.620-0.64 EPS.

Gen Digital Stock Performance

Shares of GEN stock traded down $0.39 during trading hours on Thursday, hitting $25.45. 6,503,541 shares of the company were exchanged, compared to its average volume of 3,983,466. Gen Digital has a 52-week low of $22.74 and a 52-week high of $32.22. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 0.87 and a beta of 0.94. The firm has a fifty day simple moving average of $28.01 and a 200 day simple moving average of $28.69.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.08). Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Research analysts predict that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GEN has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on shares of Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Morgan Stanley lifted their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. B. Riley initiated coverage on Gen Digital in a research report on Monday, July 14th. They issued a “buy” rating and a $46.00 price target for the company. Royal Bank Of Canada raised their target price on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Finally, Barclays upped their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.71.

Institutional Trading of Gen Digital

A number of hedge funds have recently made changes to their positions in GEN. Goldman Sachs Group Inc. boosted its stake in Gen Digital by 1.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock worth $71,757,000 after purchasing an additional 28,522 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Gen Digital during the first quarter worth $205,000. Woodline Partners LP lifted its holdings in Gen Digital by 37.8% in the first quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after purchasing an additional 7,562 shares during the period. Focus Partners Wealth boosted its position in shares of Gen Digital by 9.7% in the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after purchasing an additional 1,980 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after purchasing an additional 1,183 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.