Gen Digital Raises FY26 Revenue Outlook to US$4.97 billion

Gen Digital has raised its annual revenue forecast up to US$4.97 billion after the release of the 2026 second quarter results, driven by increasing demand for cybersecurity products and the integration of the fintech company MoneyLion.

“The momentum through the first half was broad-based, and then financial services accelerating is what gave us the confidence to raise the forecast,” says Vincent Pilette, Chief Executive Officer, Gen Digital, to Reuters.

The adjustment reflects sustained global growth in cybersecurity demand amid a steady rise in online threats and identity theft. A series of high-profile data breaches has strengthened the need for consumer-focused digital protection services. This context positions Gen Digital’s portfolio as essential for both individuals and enterprises navigating a heightened threat landscape.

The revision also underscores the strategic role of fintech integration following the full incorporation of MoneyLion, which Gen Digital acquired in December 2024 in an all-cash transaction valued at about US$1 billion. The acquisition expands the company’s ability to deliver comprehensive consumer finance and identity verification solutions, aligning with an industry trend toward converging cybersecurity and financial technology.

Formed through the merger of NortonLifeLock and Avast, Gen Digital operates a subscription-based model serving more than 38 million direct customers. Its core offerings include antivirus, malware protection, and digital identity security services. In recent quarters, the company has shifted its strategy from expanding its total user base to increasing average revenue per subscriber through cross-platform service integration and enhanced digital safety products.

According to Pilette, MoneyLion recorded 50% quarter-over-quarter growth, outperforming the rest of Gen Digital’s portfolio. This acceleration has strengthened management’s confidence in the revised forecast and highlights its potential to contribute to the company’s broader financial services and fraud prevention segments.

Since January 2025, Gen Digital has identified a sharp increase in the use of AI to generate fraudulent websites and fake online environments. The company reports having blocked more than 140,000 AI-generated scam sites, an average of 580 malicious websites per day. These figures indicate a growing sophistication in digital deception schemes targeting both consumers and businesses.

For the second quarter of fiscal 2026, Gen Digital reported revenue of US$1.22 billion, representing a 25% year-over-year increase. The result exceeded the market consensus estimate of US$1.20 billion, according to data compiled by LSEG.

The company projects third-quarter revenue between US$1.22 billion and US$1.24 billion, surpassing analysts’ expectations of US$1.19 billion. As a result, Gen Digital now anticipates full fiscal 2026 revenue between US$4.92 billion and US$4.97 billion, compared with its previous range of US$4.8 billion to US$4.9 billion.

The convergence between cybersecurity and financial technology is reshaping digital risk management frameworks, reports Reuters. The integration of identity protection with financial services infrastructure is becoming increasingly relevant for institutions facing fraud, regulatory compliance, and data privacy challenges.