Cognyte Software shares surge 10.03% intraday after Q3 earnings beat and raised full-year guidance.

Cognyte Software surged 10.03% intraday after reporting Q3 FY2026 results that exceeded profit forecasts and raising its full-year outlook. The company delivered a 13.2% year-over-year revenue increase to $100.7 million and non-GAAP EPS of $0.03, far above the $0.0054 estimate. Strong margin expansion, a 80% rise in adjusted EBITDA, and a $25 million operating cash flow highlighted operational improvements. Management raised 2026 guidance to $400 million revenue and $47 million adjusted EBITDA, reflecting confidence in sustained profitability. The stock’s sharp intraday gain aligns with the market’s focus on the profit beat and upgraded metrics, despite revenue falling slightly below consensus.