What changed
Gen reported Q1 FY27 non-GAAP revenue of $1.336 billion, an 11% increase, and non-GAAP diluted EPS of $0.71, up 19%. Non-GAAP bookings rose 11% to $1.284 billion. The company raised its full-year FY27 non-GAAP revenue guidance to a range of $5.375 billion to $5.475 billion and EPS guidance to $2.87 to $2.97. Q2 FY27 non-GAAP revenue is expected between $1.325 billion and $1.350 billion, with EPS of $0.71 to $0.73.
Why it matters
Gen reported Q1 FY27 non-GAAP revenue of $1.336 billion, an 11% increase, and non-GAAP diluted EPS of $0.71, up 19%. Non-GAAP bookings rose 11% to $1.284 billion. The company raised its full-year FY27 non-GAAP revenue guidance to a range of $5.375 billion to $5.475 billion and EPS guidance to $2.87 to $2.97. Q2 FY27 non-GAAP revenue is expected between $1.325 billion and $1.350 billion, with EPS of $0.71 to $0.73.