Gen Digital (NASDAQ:GEN) Releases Q3 2026 Earnings Guidance

Gen Digital (NASDAQ:GEN) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.620-0.64 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Gen Digital also updated its FY 2026 guidance to 2.510-2.56 EPS.

Gen Digital Stock Down 1.5%

Shares of GEN stock traded down $0.39 during trading on Thursday, reaching $25.45. The company’s stock had a trading volume of 6,614,310 shares, compared to its average volume of 3,995,052. The business has a fifty day moving average price of $27.91 and a 200-day moving average price of $28.66. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. Gen Digital has a one year low of $22.74 and a one year high of $32.22.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Analysts anticipate that Gen Digital will post 2.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on GEN. B. Riley began coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a “buy” rating and a $46.00 price target for the company. Morgan Stanley increased their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Jefferies Financial Group assumed coverage on shares of Gen Digital in a research report on Friday, October 3rd. They issued a “hold” rating and a $31.00 price objective on the stock. Barclays increased their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.71.

Institutional Investors Weigh In On Gen Digital

A number of large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in Gen Digital by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 22,473,917 shares of the company’s stock worth $660,730,000 after buying an additional 1,406,869 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Gen Digital by 1.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock worth $71,757,000 after buying an additional 28,522 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Gen Digital by 8.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,990,381 shares of the company’s stock worth $58,515,000 after buying an additional 153,479 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in Gen Digital by 27.4% during the second quarter. Qube Research & Technologies Ltd now owns 1,612,202 shares of the company’s stock worth $47,399,000 after buying an additional 346,691 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Gen Digital by 8.2% during the second quarter. Raymond James Financial Inc. now owns 1,557,852 shares of the company’s stock worth $45,801,000 after buying an additional 117,822 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

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.