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Following Gen Digital's second-quarter fiscal 2027 earnings release, several financial institutions, including Morgan Stanley, RBC, and Jefferies, updated their price targets for the company's stock.
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Gen Digital Inc. announced its financial results for the second quarter of 2026, reporting $1.37 billion in revenue and a significant increase in net income.
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Gen Digital reported 12% revenue growth to $1.37 billion in Q2 FY2027, with partner channel revenue surging 40% to $295 million. The company is leveraging AI automation to reduce costs across engineering and customer support, while generating nearly $2 billion in annual free cash flow. Management prioritizes organic growth over transformative acquisitions, positioning the company for sustainable long-term earnings expansion.