Overview

* Cognyte Q2 FYE26 revenue rises 15.5% yr/yr to $97.5 mln

* Operating income of $2.7 mln missed analyst expectations

* Co completed $20 mln share buyback, announces new $20 mln program

Outlook

* Cognyte raises fiscal 2026 revenue outlook to $397 mln at midpoint

* Company expects fiscal 2026 adjusted EBITDA to grow 55% year-over-year

* Cognyte projects fiscal 2026 non-GAAP diluted EPS of $0.23

* Company cites strong demand for AI-driven analytics solutions

Result Drivers

* TECHNOLOGY ADVANCEMENTS - Cognyte attributes revenue growth to its differentiated AI-driven investigative analytics technology, per CEO Elad Sharon

* CUSTOMER WINS - Significant deals with new and existing customers contributed to revenue increase, according to management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $97.51

Revenue mln

Q2 Net $2.73

Income mln

Q2 Miss $2.74 $7.13

Operatin mln mln (2

g Income Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy."

* Wall Street's median 12-month price target for Cognyte Software Ltd ( CGNT ) is $10.00, about 4.7% above its September 8 closing price of $9.53

* The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 64 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)