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Q3 FY26 Earnings February 5, 2026
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Forward-Looking Statements This presentation contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as “expect,” “will,” “continue,” or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to, the statements relating to our long-term targets (including those related to Debt/EBITDA Net Leverage), Q4 FY2026 and Fiscal Year 2026 Non-GAAP guidance, FY2026 key assumptions, andgo-forward capital structure,and any statements of assumptions underlying any of the foregoing. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results,performance or achievements to differ materially from results expressed or implied in this presentation. Such risk factors include, but are not limited to, those related to: projections of our future financial performance; anticipated growth and trends in our businesses and in our industries; the consummation of or anticipated impacts of acquisitions (including our ability to achievesynergies and associated cost savings from any such acquisitions), divestitures, restructurings, stock repurchases, financings, debt repayments and investment activities;the outcome or impact of pending litigation, claims or disputes; difficulties in executing the operating model for the consumer Cyber Safety business; lower than anticipated returns from our investments in direct customer acquisition; difficulties in retaining our existing customers and converting existing non-paying customers to paying customers; difficulties and delays in reducing run rate expenses and monetizing underutilized assets;the successful development of new products and upgrades and the degree to which these new products and upgrades gain market acceptance; our ability to maintain our customer and partner relationships; the anticipated growth of certain market segments; fluctuations and volatility in our stock price; our ability to successfully execute strategic plans; the vulnerability of our solutions, systems, websites and data to intentional disruption by third parties; changes to existing accounting pronouncements or taxation rules or practices; and general business and macroeconomic conditions in the U.S. and worldwide, including economic recessions, the impact of inflation, and ongoing and new geopolitical conflicts, and other global macroeconomic factors on our operations and financial performance. Additional information concerning these and other risk factors is contained in the Risk Factors sections of our most recent reports on Form 10-K and Form 10-Q. We encourage you to read those sections carefully. There may also be other factors that have not been anticipated or that are not described in our periodic filings with the SEC, generally because we did not believe them to be significant at the time, which could cause actual results to differ materially from our projections and expectations. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. We assume no obligation, and do not intend, to update these forward-looking statements as a result of future events or developments. 2Copyright © 2026 Gen Digital Inc. All rights reserved.
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: Leader in consumer Cyber Safety & Financial Wellness Tech Powerhouse 1,300+ Partners 75M+ Paid Customers ~$5B Annual Revenue ~500M Users Family of brands 3,000+ Customer Service Agents Global Reach 10B+ Attacks blocked 2,000 Global R&D Engineers 500 AI / Data Scientists & Engineers 10PB Threat Data used to train AI models 150+ Countries 1,000+ Patents 4B+ Scams & Phishing blocked Business Segments Secure against cyber threats Safeguard personal data Cyber Safety Platform: Security & Privacy Trust-Based Solutions: Identity & Financials Protect identity and finances Manage and grow finances 4
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Protecting & empowering consumers Trust-Based SolutionsCyber Safety 5 4.8 App Store Rating Best Identity Theft Protection
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Threat convergence & scale 6 41% Of all consumer cyberthreats were driven by malvertising Making it the top threat Fake Ads Scam Commerce 45M+ Fake online shop attacks blocked Over half of all fake shops blocked in 2025 and a 62% increase over 2024 Data, ID & Financial Fraud +176% Q/Q increase in breach events Identity misuse expands within banking, loans and property-related records Dangerous Deepfakes AI Itself is not dangerous – it’s the intent that counts. Gen blocked nearly 160k unique deepfake videos with scam intent Scams blend into routines. Gen stops them earlier, across devices and platforms
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7Copyright © 2026 Gen Digital Inc. All rights reserved.
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8Copyright © 2026 Gen Digital Inc. All rights reserved. Money One early preview
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9Copyright © 2026 Gen Digital Inc. All rights reserved. User-permissioned data Cli cks Engagement Purchases Product usage Financial transactions Credit data Behavioral signals Verified identity Bank data … and more Trusted agentic recommendations AI financial assistant Cyber Safety AI Assistant (Genie) Cyber Safety product recomm ender Savings optim ization assistant Personalized financial offers through Engine by Gen Scam and fraud detection AI lifecycle agent Sentiment AI for reputation Safer, smarter digital and financial decisions and more… Secure agent skills
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10Copyright © 2026 Gen Digital Inc. All rights reserved. by Innovation Lab Building the foundational security layer for the autonomous AI era • AI Skills Scanner: free diagnostic tool that allows users to scan any OpenClaw skill URL before installation • AI Skills Marketplace: curated repository of safe agent skills, vetted through Gen’s security engine Protect yourself at: ai.gendigital.com/agent -trust-hub
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11Copyright © 2026 Gen Digital Inc. All rights reserved. “With AI browsers creating fresh security and privacy concerns, Norton Neo is the first to enter with a safety-first approach” “Norton's AI Web Browser is ready to take on ChatGPT Atlas, Perplexity's Comet” Download today at: neobrowser.ai The world’s first safe AI Browser — combining classic search, generative AI, and security by design.
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FY26 Q3 Results 12
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• Robust topline growth of 26%+ year -over-year, reflecting strong demand and momentum • 3rd consecutive quarter of double -digit Bookings growth; Bookings up 10% and Revenue up 8% pro -forma • Durable operating margins at 51%, with 61% margin in Cyber Safety Platform • 9th quarter of double-digit EPS growth, driven by profitable growth and strong capital allocation Copyright © 2026 Gen Digital Inc. All rights reserved. 13 $1,035M $1,319M Q3 FY25 Q3 FY26 $986M $1,240M Q3 FY25 Q3 FY26 $577M $629M Q3 FY25 Q3 FY26 $0.56 $0.64 Q3 FY25 Q3 FY26 Revenue +26% Y/Y Bookings +27% Y/Y Operating Income +9% Y/Y EPS +14% Y/Y Graphs not to scale. All num bers presented are non -GAAP unless otherw ise indicated. See appendix for reconcili ation of financial measures from GAAP to non -GAAP. Pro-Forma growth calculated includi ng MoneyLion historical results in prior year com pare OM 51% OM 59% Q3 Non-GAAP Financial Highlights
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Execution at scale Q3 Revenue of $1,240M, up 26% Y/Y • Pro-forma growth (MoneyLion in prior year baseline): up 8% • Gen excluding MoneyLion: up 4% • Cyber Safety strength in Norton 360 memberships enhanced with Scam Protection • Strong Financial Wellness growth balanced across personal financial management (PFM) and Engine marketplace Profitability at Scale: 51% Margin, in-line with expectations • Cyber Safety Platform 61%, durable and scalable core engine • Trust-Based Solutions 30%, incremental investment opportunity • Y/Y driven by segment mix, expansion at business line level Q3 EPS of $0.64, up 14% Y/Y • Strong operating margins and effective capital allocation drives 9th consecutive quarter of double-digit EPS growth • ~$0.7B capital allocation across share repurchases, debt paydown, and regular dividend Non-GAAP P&L ($mil), except per share amounts Q3 FY25 Q3 FY26 Y/Y % Revenue $986 $1,240 26% Gross Profit 850 1,035 22% Gross Margin 86% 83% (3) pts Operating Expenses $273 $406 49% % of Revenue 28% 33% 5 pts Operating Income $577 $629 9% Operating Margin 59% 51% (8) pts Other Inc / (Expense) (128) (123) nm Effective Tax Rate 22% 22% -- Net Income $350 $394 13% EPS $0.56 $0.64 14% Diluted Share Count 623 618 (1%) Note: All numbers presented are non -GAAP unless otherw ise indicated. See appendix for reconcil iation of financi al m easures from GAAP to non -GAAP. 14Copyright © 2026 Gen Digital Inc. All rights reserved.
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Cyber Safety Platform Q3 FY25 Q3 FY26 Y/Y % Revenue $799 $819 3% Operating Income $479 $503 5% Operating Margin 60% 61% +1 pt Stable, resilient growth with robust margins above 60% • Bookings up 5% and Revenue growth up 3%, supported by new scam protection features • Double-digit growth in most comprehensive Norton 360 with LifeLock and scam protection • Increased cross -sell penetration through AI - powered product recommendations • Operating margin of 61%, up 1 pt Y/Y driven by AI initiatives Segment Performance ($ in millions, unless otherwise indicated) 15Copyright © 2026 Gen Digital Inc. All rights reserved. Cyber Safety Platform includes our security, cyber safety suites, and privacy businesslines
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Trust-Based Solutions Q3 FY25 Q3 FY26 Y/Y % Revenue $187 $421 125% Operating Income $98 $126 29% Operating Margin 52% 30% (22) pts Strong sustained performance in MoneyLion and Identity • Bookings up 23% and Revenue up 22% pro-forma (1), supported by strong demand for personal financial management and Engine marketplace • MoneyLion growth of nearly 40% • Operating margin of 30% in-line with expectations, strong growth in MoneyLion • Disciplined growth investments into innovation, market share gain Segment Performance ($ in millions, unless otherwise indicated) (1) Pro-Forma growth calculated includi ng MoneyLion historical results in prior year com pare 16Copyright © 2026 Gen Digital Inc. All rights reserved. Trust-Based Solutions includes our identity, reputation, & financial wellness businesslines
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Other Performance Metrics • Direct revenue reflects subscriptions sold directly through e -commerce or mobile channels, revenue generated from financial transactions directly made through Gen. • Pro-forma (1) growth of 6% • Partner revenue reflects partner -sourced and channel revenue via retailers, employee benefits, telcos, publishers, and strategic partnerships; includes revenue generated from product usage and products sold through our Engine marketplace. • Pro-forma (1) growth of 22% • Paid Customers: • 78M+ active subscribers and product users contributing to revenue, with Direct Cyber Safety customers +0.5M Q/Q Revenue by Channel, Paid Customers ($ in millions, unless otherwise indicated) Q3 FY25 Q3 FY26 Y/Y % Direct $871 $1,025 18% + Partner $115 $215 87% = Revenue $986 $1,240 26% Paid Customers (M) 67 78 11 (1) Pro-Forma growth calculated includi ng MoneyLion historical results in prior year com pare Please see appendix slide 35 for definitions of our metrics. 17Copyright © 2026 Gen Digital Inc. All rights reserved.
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Key Balance Sheet,Cash Flow, & Other Metrics ($ millions) Q3 FY25 Q2 FY26 Q3 FY26 Balance Sheet Cash, cash equivalents and restricted cash $883 $701 $619 Contract Liabilities $1,849 $1,862 $1,906 Debt (Principal) $8,569 $8,794 $8,494 Cash Flow Cash Flow from Operations $326 $116 $541 Capital Expenditures $8 $9 $6 Free Cash Flow $318 $107 $535 Capital Allocation Dividends + Equivalents (Quarterly $0.125 per common share) $77 $77 $77 Debt Paydown $59 $169 $300 Share Repurchase -- -- $300 Balance Sheet & Cash Flow (1) Using Covenant Debt EBITDA (Non -GAAP ) • YTD Free Cash Flow of $1B+, up 42% Y/Y • Operating Cash Flow up 66% Y/Y in Q3 • $0.7B capital deployed this quarter towards share buyback, debt paydown, and regular dividend • Liquidity of $2.1B+ • $0.6B cash + $1.5B revolver undrawn • Debt / EBITDA (1) Net Leverage of 3.1x • Continued path to <3x target 18Copyright © 2026 Gen Digital Inc. All rights reserved.
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Raising FY26 Non-GAAP Guidance Note: All numbers presented are non -GAAP unless otherwise indicated ● Pro-Forma growth calcu lated includin g MoneyLion historical results in prior year comp are ● Gu idan ce in USD a ssumes endin g Q 3FY26 foreign exchang e rates. ● Assu mes non-GAAP effective tax rate of ~2 2%. ● We are not providing GAAP E PS guidance b ecause mo st n on-GAAP adju stmen ts p ertain to events that h ave not yet occurred an dwould be un reaso nably bu rdenso me to forecast. Implied Q4 FY26 Full Year FY26 Prior Guidance (Nov 2025) Revenue Y/Y % $1.24 - $1.26B 24% - 26% $4.955 - $4.975B 26% $4.92 - $4.97B 25% - 26% EPS Y/Y % $0.64 - $0.66 10 - 14% $2.54 - $2.56 14% - 15% $2.51 - $2.56 13% - 15% 19Copyright © 2026 Gen Digital Inc. All rights reserved. FY26 Assumptions: Revenue growth: 26% Y/Y • High-single digit growth pro -forma • MoneyLion exit growth rate of 30% - 35% EPS expansion: 14% - 15% Y/Y • Reflects profitable growth at scale and synergistic value creation • Net of investments in Gen platform to unify data and develop additional AI capabilities
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Supplemental Information 20
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Trended Non-GAAP Segment Financials and Performance Metrics ($Ms) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Cyber Safety Platform: Segment Revenue $780 $789 $799 $808 $3,176 $869 $814 $819 Operating Income $466 $470 $479 $496 $1,911 $530 $500 $503 Operating Margin 60% 60% 60% 61% 60% 61% 61% 61% Trust-Based Solutions: Segment Revenue $185 $185 $187 $202 $759 $388 $406 $421 Operating Income $98 $97 $98 $94 $387 $120 $123 $126 Operating Margin 53% 52% 52% 47% 51% 31% 30% 30% Other Performance Metrics Direct Revenue $852 $862 $871 $878 $3,463 $1,054 $1,010 $1,025 Partner Revenue $113 $112 $115 $132 $472 $203 $210 $215 Bookings $913 $964 $1,035 $1,076 $3,988 $1,202 $1,222 $1,319 Paid Customers (Ms) 66 67 67 68 68 76 77 78 Note: Our first quarter of FY26 consists of a 14 -week period, compared to our first quarter in FY25, which consisted of a 13 -week peri od, and reflects aligned channel classification. Please see appendix slide 35 for definitions of our metrics. Copyright © 2026 Gen Digital Inc. All rights reserved. 21
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Capital Structure Debt Maturities in $mil (Initial Principal Amounts) As of January 02, 2026 Note: Graph not to scale. 2027 SUN $9 00 TLA $3 ,56 8 2030 SUN $6 00 TLB $2,39 5 Facility Principal ($M) Maturity Coupon Revolver (RCF): undrawn $1,500 FY28 If drawn: SOFR+CSA+1.375% Term Loan A (TLA) $2,949 FY28 SOFR+CSA+1.375% Term Loan B (TLB) $2,349 FY30 SOFR+1.75% Term Loan B (TLB) $746 FY33 SOFR+1.75% 2027 Sr. Unsecured Note (SUN) $900 FY28 6.75% 2030 Sr. Unsecured Note (SUN) $600 FY31 7.125% 2033 Sr. Unsecured Note (SUN) $950 FY33 6.25% • Current cost of debt ~5.7% • ~59% floating debt with hedges • Expect variable cost to trend with term SOFR • Debt maturities extended and staggered through FY33 • Expect to refinance TLA in H1 FY27 Notes: • RCF (if drawn) / TLA spread is variable, based upon the better of company’s leverage ratio and unsecured credit rating and ranging between 1.125% and 1.75%. As of 01/02/2026, the drawn spread for these facilities is 1.375%. • CSA represents a spread to align SOFR , a secured financing rate, with LIBOR, an unsecured rate. The CSA will be 10bps for each monthly interest payment. • The Company at its option can redeem ,pri orto its stated maturity, the 2027 , 2030, and 2033 Sr. Unsecured Notes at pre-specified redemption pri ces beginning September 30, 2024, September 30, 2025, and April 01, 2028. FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 2033 SUN $950 Revolver (undra wn ) $1,500 2027 SUN $900 TLA $2,949 2030 SUN $600 TLB $2,349 TLB $746 22Copyright © 2026 Gen Digital Inc. All rights reserved.
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Non-GAAP P&L ($M), except per share amounts Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Cyber Safety Platform 780 789 799 808 3,176 869 814 819 Trust-Based Solutions 185 185 187 202 759 388 406 421 TOTAL REVENUE $965 $974 $986 $1,010 $3,935 $1,257 $1,220 $1,240 Y/Y % 3% 3% 4% 5% 4% 30% 25% 26% Gross Profit $833 $839 $850 $868 $3,390 $1,057 $1,021 $1,035 Gross Margin 86.3% 86.1% 86.2% 85.9% 86.1% 84.1% 83.7% 83.5% • Sales and marketing 173 175 173 184 705 270 278 286 • Research and Development 72 74 74 71 291 95 87 83 • General and Administrative 24 23 26 23 96 42 33 37 Operating Expenses 269 272 273 278 1,092 407 398 406 % of Revenue 27.9% 27.9% 27.7% 27.5% 27.8% 32.4% 32.6% 32.7% Operating Income $564 $567 $577 $590 $2,298 $650 $623 $629 Operating Margin 58.4% 58.2% 58.5% 58.4% 58.4% 51.7% 51.1% 50.7% • Interest Expense (146) (143) (134) (129) (552) (149) (139) (131) • Other Income (Expense) 12 6 6 8 32 9 12 8 Income before Income Taxes $430 $430 $449 $469 $1,778 $510 $496 $506 • Provision for Income Tax 95 94 99 103 391 112 109 112 Net Income $335 $336 $350 $366 $1,387 $398 $387 $394 EPS $0.53 $0.54 $0.56 $0.59 $2.22 $0.64 $0.62 $0.64 • Diluted Share Count 627 622 623 624 624 624 624 618 • Depreciation 5 4 5 4 18 4 4 4 Reported EBITDA $569 $571 $582 $594 $2,316 $654 $627 $633 Trended Non-GAAP Quarterly Results Note: Our first quarter of FY26 consi sts of a 14 week period, compared to our first quarter i n FY25, which consisted of a 13 week period. Copyright © 2026 Gen Digital Inc. All rights reserved. 23
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GAAP to Non-GAAP Gross Profit ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Q3 FY26 GAAP Results of Operation Gross profit (GAAP) $775 $780 $793 $811 $3,159 $990 $954 $972 Non-GAAP Gross Profit Adjustments Cost of revenues • Stock-based compensation 1 1 1 1 4 2 1 (4) • Amortization of intangible assets 57 58 56 56 227 65 66 67 TOTAL GROSS PROFIT ADJUSTMENT 58 59 57 57 231 67 67 63 Non-GAAP Results of Operation Net revenues 965 974 986 1,010 3,935 1,257 1,220 1,240 Cost of revenues 132 135 136 142 545 200 199 205 GROSS PROFIT (NON-GAAP) $833 $839 $850 $868 $3,390 $1,057 $1,021 $1,035 Reconciliation to Non-GAAP Gross Profit Note: Our first quarter of FY26 consi sts of a 14 week period, compared to our first quarter i n FY25, which consisted of a 13 week period. Copyright © 2026 Gen Digital Inc. All rights reserved. 24
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GAAP to Non-GAAP Operating Income ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Q3 FY26 GAAP Results of Operation Operating income (GAAP) $417 $402 $374 $417 $1,610 $446 $438 $433 Total Non-GAAP gross profit adjustment 58 59 57 57 231 67 67 63 Non-GAAP Operating Expense Adjustments Stock-based compensation 30 32 32 36 130 64 54 56 Amortization of intangible assets 43 44 43 44 174 54 55 55 Impairment of intangible assets — — — 3 3 — — — Restructuring and other costs (1) 3 2 3 7 10 4 11 Acquisition and integration costs 2 2 6 1 11 5 2 2 Litigation costs 15 25 21 4 65 5 2 10 Legal contract dispute cost — — 42 24 66 — — — Other — — — 1 1 (1) 1 (1) TOTAL OPERATING EXPENSE ADJUSTMENT 89 106 146 116 457 137 118 133 Non-GAAP Results of Operation Gross profit 833 839 850 868 3,390 1,057 1,021 1,035 • Sales and marketing 173 175 173 184 705 270 278 286 • Research and development 72 74 74 71 291 95 87 83 • General and administrative 24 23 26 23 96 42 33 37 Total operating expenses 269 272 273 278 1,092 407 398 406 Operating Income (Non-GAAP) $564 $567 $577 $590 $2,298 $650 $623 $629 Reconciliation to Non-GAAP Operating Income Note: Our first quarter of FY26 consi sts of a 14 week period, compared to our first quarter i n FY25, which consisted of a 13 week period. Copyright © 2026 Gen Digital Inc. All rights reserved. 25
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GAAP to Non-GAAP Net Income ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Q3 FY26 GAAP Results of Operation Net income (GAAP) $181 $161 $159 $142 $643 $135 $134 $192 Total Non-GAAP gross profit adjustment 58 59 57 57 231 67 67 63 Total Non-GAAP operating expense adjustment 89 106 146 116 457 137 118 133 Non-GAAP Other Non-Operating Expense (Income) Adj Non-cash interest expense 7 6 7 6 26 7 7 6 Change in fair value and impairment of non -marketable equity investments — — 30 — 30 — 69 10 Loss (gain) on sale of properties and nonfinancial assets — — — — — 1 — (16) Other — 1 1 3 5 (2) 2 1 Total adjustments to GAAP income before income taxes 154 172 241 182 749 210 263 197 Income tax effect of non-GAAP adjustments — 3 (50) 42 (5) 53 (10) 5 Total net income adjustment 154 175 191 224 744 263 253 202 Non-GAAP Results of Operation Operating income 564 567 577 590 2,298 650 623 629 Interest expense (146) (143) (134) (129) (552) (149) (139) (131) Other income (expense), net 12 6 6 8 32 9 12 8 Income before income taxes 430 430 449 469 1,778 510 496 506 Provision for income taxes 95 94 99 103 391 112 109 112 Net income (Non-GAAP) $335 $336 $350 $366 $1,387 $398 $387 $394 Reconciliation to Non-GAAP Net Income Note: Our first quarter of FY26 consi sts of a 14 week period, compared to our first quarter i n FY25, which consisted of a 13 week period. Copyright © 2026 Gen Digital Inc. All rights reserved. 26
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GAAP to Non-GAAP EPS and Net Income (1) ($M), except per share amounts Q3FY26 EPS Net Income GAAP EPS / Net Income $0.31 $192 • Stock based compensation 0.08 52 • Amortization of intangible assets 0.20 122 • Restructuring and other costs 0.02 11 • Acquisition and integration costs 0.00 2 • Litigation costs 0.02 10 • Change in fair value and impairment of non -marketable equity investments 0.02 10 • Other (2) (0.02) (10) • Adjustment to GAAP provision for income taxes 0.01 5 Total adjustments 0.33 202 Non-GAAP EPS / Net Income $0.64 $394 Reconciliation to Non-GAAP EPS and Net Income (1) T otal may not add due to rounding. (2) Other includes non -cash interest ex pense, loss (gain) on equity i nvestments, properties and nonfinancial assets and other m i nor reconcil ing item s. Copyright © 2026 Gen Digital Inc. All rights reserved. 27
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Reconciliation to Non-GAAP (Unlevered) Free Cash Flow Unlevered Free Cash Flow Reconciliation ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Net Cash Flow from Operating Activities $264 $158 $326 $473 $1,221 $409 $116 $541 Adjustments: • Capital Expenditures (2) (2) (8) (3) (15) (4) (9) (6) Free Cash Flow $262 $156 $318 $470 $1,206 $405 $107 $535 Adjustments: • Cash paid for interest expense, net of interest rate hedges 187 70 177 110 544 181 187 92 Unlevered Free Cash Flow $449 $226 $495 $580 $1,750 $586 $294 $627 Note: Our first quarter of FY26 consi sts of a 14 week period, compared to our first quarter i n FY25, which consisted of a 13 week period. Note: Semi-annual SUN interest payments due end of month in March and September, year -over-year compares impacted by fiscal calendar timing. Both calendar year 2025 interest payments were recorded in Q1 and Q2 FY26, vs. calendar year 2024 interest payments were reco rded in Q1 and Q3 FY25. Copyright © 2026 Gen Digital Inc. All rights reserved. 28
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Revenue by Geo ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Q3 FY26 US 579 584 589 606 2,358 819 809 824 Rest of Americas 57 57 58 57 229 60 55 56 Americas 636 641 647 663 2,587 879 864 880 EMEA 233 233 240 247 953 268 257 263 APJ 96 100 99 100 395 110 99 97 Total Revenue $965 $974 $986 $1,010 $3,935 $1,257 $1,220 $1,240 Trended GAAP Revenue by Geo Note: Our first quarter of FY26 consi sts of a 14 week period, compared to our first quarter i n FY25, which consisted of a 13 week period. Copyright © 2026 Gen Digital Inc. All rights reserved. 29
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Reported EBITDA (Non-GAAP)(1) ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Net income $181 $161 $159 $142 $643 $135 $134 $192 Adjustments: • Net interest expense 145 143 135 127 550 147 140 132 • Income tax expense (benefit) 95 97 49 145 386 165 99 117 • Depreciation and amortization 105 106 104 104 419 123 125 126 EBITDA (Non-GAAP) 526 507 447 518 1,998 570 498 567 Adjustments to EBITDA: • Stock-based compensation 31 33 33 37 134 66 55 52 • Restructuring and other costs (1) 3 2 3 7 10 4 11 • Impairment of intangible assets — — — 3 3 — — — • Acquisition and integration costs 2 2 6 1 11 5 2 2 • Litigation costs 15 25 21 4 65 5 2 10 • Legal contract dispute cost — — 42 24 66 — — — • Change in fair value and impairment of non - marketable equity investments — — 30 — 30 — 69 10 • Loss (gain) on sale of properties and nonfinancial assets — — — — — 1 — (16) • Impairment of long-lived assets — 3 — 1 4 — — — • Other cost of revenues and operating expenses — — — 1 1 (1) 1 (1) • Other non-operating expense (income), net (2) (4) (2) 1 2 (3) (2) (4) (2) Reported EBITDA (Non-GAAP) $569 $571 $582 $594 $2,316 $654 $627 $633 Trended EBITDA (Non-GAAP) (1) T otal may not add due to rounding. (2) Other non -operating expense, net is equal to total non -operating expense, net excluding net interest expense and other minor reconciling items. Note: Our first quarter of FY26 consi sts of a 14 week period, compared to our first quarter i n FY25, which consisted of a 13 week period. Copyright © 2026 Gen Digital Inc. All rights reserved. 30
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Debt Covenant EBITDA (Non-GAAP) (1) ($M) LTM (3) Net income $603 Adjustments: • Net interest expense 546 • Income tax expense (benefit) 526 • Depreciation and amortization 478 EBITDA (Non-GAAP) $2,153 Adjustments to EBITDA: • Stock-based compensation 210 • Restructuring and other costs 28 • Impairment of intangible assets 3 • Acquisition and integration costs 10 • Litigation costs 21 • Legal contract dispute cost 24 • Change in fair value and impairment of non -marketable equity investments 79 • Loss (gain) on sale of properties and nonfinancial assets (15) • Impairment of long-lived assets 1 • Other non-operating expense (income), net (2) (6) Reported EBITDA (Non-GAAP) $2,508 Adjustments to Reported EBITDA: • Other non-operating expense (income), net (2) 6 • MoneyLion LTM EBITDA (before 4/17/25) 48 Consolidated Debt Covenant EBITDA (Non -GAAP) $2,562 (1) T otal may not add due to rounding. (2) Other non -operating expense, net is equal to total non -operating expense, net excluding net interest expense and other minor reconciling items. (3) LTM denotes results for the last tw elve fi scal month period. Debt Covenant EBITDA (Non-GAAP) Copyright © 2026 Gen Digital Inc. All rights reserved. 31
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We use non-GAAP measures of operating margin, operating income,net income, results of operations, and earnings per share, which are adjusted from results based on GAAP and exclude certain expenses, gains and losses. We also provide the non-GAAP metrics of revenues, EBITDA, reported EBITDA, diluted share count, gross profit, gross profit adjustments,operating expense adjustments, other non-operating expense (income) adjustments, unlevered free cash flow,and free cash flow, which is defined as cash flows from operating activities, less purchases of property and equipment. These non-GAAP financial measures are provided to enhance the user's understanding of our past financial performance and our prospects for the future. Our management team uses these non-GAAP financial measures in assessing Gen's performance, as well as in planning and forecasting future periods. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies. Non-GAAP financial measures are supplemental, should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Readers are encouraged to review the reconciliation of our non-GAAP financial measures to the comparable GAAP results, which is attached to our quarterly earnings release, and which can be found, along with other financial information including the Earnings Presentation, on the investor relations page of our website at Investor.GenDigital.com. No reconciliation of the forecasted range for non-GAAP revenues and EPS guidance is included in this release because most non-GAAP adjustments pertain to events that have not yet occurred. It would be unreasonably burdensome to forecast, therefore we are unable to provide an accurate estimate. Use of GAAP and Non-GAAP Financial Information Copyright © 2026 Gen Digital Inc. All rights reserved. 32
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Explanation of Non-GAAP Measures and Other Items Bookings: Bookings are defined as customer orders received that are expected to generate net revenues in the future. We present the operational metric of bookings because it reflects customers' demand for our products and services and to assist readers in analyzing our performance in future periods. Cyber Safety Platform: includes our security and privacy products, as well as our cyber safety comprehensive suites which deliver technology solutions and superior threat protection to help people navigate the digital world, securely, privately and confidently. Trust-Based Solutions: includes our identity, reputation, and financial wellness products, which provide innovative solutions and insights that empower consumers to grow and manage their identity, reputation and finances confidently. Direct revenue: reflects subscriptions sold directly through e-commerce or mobile channels, and revenue generated from financial transactions directly made through Gen properties or marketplaces. Partner revenue: reflects partner-sourced and channel revenue via retailers, employee benefits, telcos, publishers, and strategic partnerships, including revenue generated from product usage or products sold through our financial marketplace. Paid Customers: We define paid customers as active users of our products and solutions, including subscribers with an active paid subscription to our products at the end of the reported period. Paid customers also includes product users with a unique account and at least one revenue-generating transaction in the relevant active period of each respective product category, whether through our first-party personal finance products, transacting through our financial marketplaces, or generating revenue through product usage. We exclude users on free trials and those who have not actively transacted in the relevant period of each respective product category.In order to properly reflect Gen’s customer cohorts that contribute to revenue given the dynamic nature of consumers and our product portfolio, our methodology is subject to change from time to time. The methodologies used to measure these metrics require judgment and we regularly review our metrics to improve their accuracy. However, our ability to recalculate our historical metrics may be impacted by data limitations or other factors that require us to apply different methodologies for such adjustments. We generally do not intend to update previously disclosed metrics for any such inaccuracies or adjustments that are deemed not material. (Unlevered) Free cash flow: Free cash flow is defined as cash flows from operating activities less purchases of property and equipment. Unlevered free cash flow excludes cash interest expense payments, net of payments received through interest rate swap hedges. Free cash flow is not a measure of financial condition under GAAP and does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period, and thus should not be considered as an alternative to cash flows from operating activities or as a measure of liquidity. Copyright © 2026 Gen Digital Inc. All rights reserved. 33
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Copyright © 202 6 Gen D igital Inc. All rights reserved. 34 Web: Investor.GenDigital.com Email: IR@GenDigital.com Thank you Web: Investor.GenDigital.com | Email: IR@GenDigital.com