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Apr 30, 2025
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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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