This post was originally published on this site.
Gen Digital Inc. (NASDAQ:GEN) is one of the best affordable tech stocks to buy right now. On February 5, Gen Digital Inc. (NASDAQ:GEN) released its earnings for Q3 FY2026 ended January 2, 2026, and reported $1.24 billion in revenue. This is a 26% year over year growth and beat the analyst consensus estimates of approximately $1.23 billion. Non-GAAP diluted EPS rose 14% year over year to $0.64, also surpassing consensus estimates by roughly $0.01.
everything possible/Shutterstock.com
Management detailed that quarterly bookings reached $1.32 billion for the first time in record, a 27% year over year growth. This is the third consecutive quarter of double-digit bookings growth. And this growth came on the back of a strong adoption of the company’s AI-powered security and financial wellness solutions, noted management.
As a result, management increased its FY2026 revenue guidance to a range of $4.955 billion to $4.975 billion, up from the prior range of $4.92 billion to $4.97 billion. They cited continued momentum in the business. Non-GAAP EPS guidance was also raised to $2.54 to $2.56; the previous range was from $2.51 to $2.56. And for Q4, management expects revenue between $1.24 billion and $1.26 billion and non-GAAP EPS between $0.64 and $0.66.
In a different update, on February 4, Gen Digital and Equifax expanded their partnership designed to integrate their respective data assets and technology platforms to help consumers better manage their financial and digital lives with enhanced security and personalized insights.
Under the expanded terms, Gen Digital will incorporate Equifax’s differentiated financial health and fraud data into its AI-powered portfolio. On its part, Equifax will leverage Gen Digital’s “Engine by Gen” platform to provide personalized financial product recommendations to US consumers accessing their myEquifax accounts.
Gen Digital Inc. (NASDAQ:GEN) develops cybersecurity software and services for consumers and small businesses. Its product range covers antivirus protection, identity theft prevention, and VPN solutions.
While we acknowledge the potential of GEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Affordable Long Term Stocks to Buy According to Hedge Funds and 7 Best Used Car Stocks To Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.