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The company said GAAP revenue for Q3 quarter ended December 27, 2024 was $986 million ($948 million a year earlier), operating income was $374 million ($332 million a year earlier), and diluted EPS was $0.26 ($0.22 a year earlier).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said GAAP revenue for Q3 quarter ended December 27, 2024 was $986 million ($948 million a year earlier), operating income was $374 million ($332 million a year earlier), and diluted EPS was $0.26 ($0.22 a year earlier).

  2. The company said non-GAAP operating income for Q3 was $577 million ($555 million a year earlier), non-GAAP operating margin was 58.5%, the same as a year earlier, and non-GAAP diluted EPS was $0.56 ($0.49 a year earlier).

  3. The company said it waived its claims to $66 million in outstanding receivables under a settlement with an e-commerce partner. It said $42 million of that amount was written off as G&A expense in Q3, and the remaining $24 million is to be written off in Q4.

  4. Gen Digital said it expects non-GAAP revenue for Q4 of $990 to $1,005 million and EPS of $0.57 to $0.59. It set full-year revenue guidance at $3,915 to $3,930 million (previously $3,905 to $3,930 million) and EPS guidance at $2.20 to $2.22 (previously $2.18 to $2.23).

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 GAAP revenue $986 million, operating income $374 million

The company said GAAP revenue for Q3 quarter ended December 27, 2024 was $986 million ($948 million a year earlier), operating income was $374 million ($332 million a year earlier), and diluted EPS was $0.26 ($0.22 a year earlier).

Source · Based on the filing body and exhibits

Non-GAAP operating income $577 million, operating margin 58.5%

The company said non-GAAP operating income for Q3 was $577 million ($555 million a year earlier), non-GAAP operating margin was 58.5%, the same as a year earlier, and non-GAAP diluted EPS was $0.56 ($0.49 a year earlier).

Source · Based on the filing body and exhibits

Bad debt write-off tied to $42 million e-commerce partner settlement

The company said it waived its claims to $66 million in outstanding receivables under a settlement with an e-commerce partner. It said $42 million of that amount was written off as G&A expense in Q3, and the remaining $24 million is to be written off in Q4.

Source · Based on the filing body and exhibits

Q4 and full-year non-GAAP outlook

Gen Digital said it expects non-GAAP revenue for Q4 of $990 to $1,005 million and EPS of $0.57 to $0.59. It set full-year revenue guidance at $3,915 to $3,930 million (previously $3,905 to $3,930 million) and EPS guidance at $2.20 to $2.22 (previously $2.18 to $2.23).

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.