Gen Digital(NASDAQ) GEN

Gen Digital Inc. protects people on the internet. Its software stops viruses and keeps identities safe. The company also helps users manage their money.

Tools for a Safer Internet

• Cyber Safety Platform: Security and privacy products like Norton 360 and Avast that block malware; generated $846 million in revenue.
• Trust-Based Solutions: Services for identity protection and financial wellness under the LifeLock and MoneyLion brands; generated $490 million in revenue.
• Direct Revenue: Subscriptions and digital transactions sold through the company's own websites and mobile apps; generated $1.1 billion in revenue.
• Partner Revenue: Sales made through retailers, phone companies, hardware makers, and employee benefit programs; generated $273 million in revenue.

Strategic Moves and New Names

• Adopted the name Gen Digital Inc. in Nov. 2022 after previously operating as NortonLifeLock Inc.
• Acquired MoneyLion to add personal finance tools and a marketplace to its protection portfolio.
• Began a restructuring plan in 2027 to align business operations and reduce costs.

Reaching Users Everywhere

Gen serves customers through a global network including the Americas, Europe, and the Asia Pacific region. It distributes software through retailers, hardware makers, and digital platforms. This network reaches 81 million paid users globally.

Checking the Vital Signs

• Net revenues reached $1.3 billion for the three months ended July 3, 2026, up 6% year over year.
• Net income was $215 million for the three months ended July 3, 2026, up $80 million year over year.
• Total paid customers grew to 81 million as of July 3, 2026, up from 76 million in the prior year.
• Total debt was $8.2 billion as of July 3, 2026, consisting of term loans and senior notes.
• Diluted earnings per share reached $0.36 for the three months ended July 3, 2026, up $0.14 year over year.

Bottom Line

Gen has transformed from a traditional antivirus provider into a comprehensive digital safety and financial health company. Its shift toward subscription-based services and diverse protection brands supports its role in the consumer technology market.