Gen Digital (GEN) News Today

Gen Digital Inc. (NASDAQ: GEN) shares have been trading higher following a string of positive earnings results, guidance raises and analyst price-target upgrades. Key developments include:

• Positive Sentiment: Gen Digital Q1 earnings surpassed expectations with EPS of $0.64 versus $0.60 forecast and revenue up 30.3% Y/Y to $1.26 billion. Zacks: Q1 Earnings Surpass Expectations
• Positive Sentiment: Gen Digital beat Q1 earnings and revenue estimates with EPS of $0.64 (vs. $0.60 consensus) and strong margin gains. Zacks: Beats Q1 Estimates
• Positive Sentiment: Gen delivered double-digit growth in Q1 FY26 and raised its annual guidance on better-than-expected results. PR Newswire: Q1 Growth & Guidance
• Positive Sentiment: Royal Bank of Canada raised its price target on GEN from $32 to $33 (8.4% upside) while maintaining a sector perform rating. Benzinga: RBC Price Target Raise
• Positive Sentiment: Wells Fargo lifted its GEN price target to $40 from $37 (31.4% upside) and reiterated an overweight rating. Benzinga: Wells Fargo Price Target Raise
• Positive Sentiment: Barclays increased its price target on GEN to $33 from $32 (8.4% upside) with an equal weight rating. Benzinga: Barclays Price Target Raise
• Positive Sentiment: Management updated full-year 2026 guidance, raising EPS outlook to $2.49–$2.56 and revenue guidance to $4.8–$4.9 billion, above Wall Street estimates.
• Neutral Sentiment: Gen announced a quarterly dividend of $0.125 per share (annualized yield 1.6%) for holders of record August 18, payable September 10.
• Neutral Sentiment: Second-quarter FY26 guidance was set at EPS of $0.600–$0.620 (vs. $0.601 consensus) and revenue of ~$1.2 billion, roughly in line with forecasts.