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Apr 30
Verint Q1 2026 Earnings Report
Verint reported a strong start to FY2026 with revenue and non-GAAP EPS exceeding guidance.
Key Takeaways
Verint delivered solid Q1 FY2026 results, with revenue of $208 million and strong AI momentum pushing AI ARR to nearly 50% of total ARR. Despite a GAAP net loss, the company achieved non-GAAP EPS of $0.29, driven by favorable timing of SaaS deals and growing demand for its AI-powered CX platform.
Revenue reached $208 million, ahead of guidance due to timing of two unbundled SaaS deals.
AI ARR grew 24% YoY to $353.9 million, now representing nearly 50% of total ARR.
Reported a GAAP net loss of $2.4 million, but achieved $18.4 million in non-GAAP net income.
Completed $41.8 million in stock buybacks during Q1, repurchasing 2.5 million shares.
Verint
Verint
Verint Revenue by Segment
Revenue by Segment
Recurring Revenue
CapyFin.comNonrecurring Perpetual Revenue
CapyFin.comNonrecurring Professional Revenue
CapyFin.com Forward Guidance
Verint expects FY2026 to show continued AI-driven growth with 8% ARR growth and a 12% increase in free cash flow. Revenue guidance reflects ASC 606 timing dynamics.
Positive Outlook
- Full-year Subscription ARR expected at $768 million (+8% YoY)
- AI ARR expected to grow more than 20% YoY
- Non-GAAP EPS forecasted at $2.93
- Free cash flow expected to increase 12% YoY
- Strong AI pipeline supporting growth trajectory
Challenges Ahead
- ASC 606 revenue recognition introduces variability
- Non-GAAP guidance excludes restructuring and acquisition impacts
- GAAP net income guidance not provided
- Stock-based compensation expenses expected up to $63M in FY26
- SaaS deal timing may create quarterly revenue lumpiness
Revenue & Expenses
Visualization of income flow from segment revenue to net income