GEN Digital Inc. (GEN) experienced a significant after-hours surge of 12.35% following the release of its third-quarter fiscal year 2026 financial results. The sharp upward movement came as the company reported better-than-expected earnings and revenue while raising its full-year outlook.
The digital security provider posted Q3 revenue of $1.24 billion, representing a 26% year-over-year increase and slightly exceeding analyst estimates of $1.23 billion. Adjusted earnings per share came in at $0.64, beating the consensus estimate of $0.63. The strong performance was attributed to robust demand for the company's AI-powered platform that integrates security, identity, and financial wellness solutions.
Adding to investor optimism, Gen Digital raised its fiscal 2026 revenue guidance to a range of $4.955 billion to $4.975 billion, up from its previous forecast and above analyst expectations. The company cited strong security software demand driven by increasing cyber threats and the growing need for AI-driven protection solutions. CEO Vincent Pilette highlighted the company's focus on delivering personalized protection through advanced intelligence across its platform.