Earnings$GEN12:15 PM ET

Gen Digital Jumps 13% on Earnings Beat,: no Transformative Acquisition

By BORSA NewsroomPublished Oct 29, 2026, 12:15 PM EDTUpdated Oct 29, 2026, 12:15 PM EDT

Gen Digital beat Q2 estimates, raised FY2027 guidance, and killed buyout speculation. Shares surged 13% to $27.42, best day since May. CEO said the company is not working on a transformative acquisition, ending talk of a GoDaddy deal. Bookings growth remained double-digit for the sixth straight quarter.

Sentimentneutral 50

Neutral · 50 of 100

Impact50

low · stays off the top drivers

Confidence90%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Gen Digital Q2 revenue $1.37B vs. $1.34B consensus