Verint Systems Raises FYE 2026 Revenue Outlook to $960 Million

Verint Systems Inc has provided its FYe 2026 outlook, with revenue expected to be $960 million +/- 3%, and non-GAAP diluted EPS of $2.93 at the midpoint of revenue guidance. The wider revenue range reflects the impact of ASC 606. The company has also raised its ARR guidance for FYe 2026.

Verint Systems Inc. (VRNT) recently announced its financial outlook for the fiscal year ending 2026 (FYe 2026), with revenue expected to be $960 million, plus or minus 3%. The wider revenue range is attributed to the impact of Accounting Standards Codification (ASC) 606 [1]. Additionally, the company raised its annual recurring revenue (ARR) guidance for FYe 2026.

In Q4 FYE 2025, Verint reported ARR ahead of guidance by $8 million and raised its ARR guidance for Q4 FYE 2026 [2]. The company's strong AI momentum led to record SaaS ACV bookings from new deals, representing a 30% year-over-year increase [2]. Furthermore, Verint experienced better-than-expected bundled SaaS revenue growth of 23% year-over-year [2].

Verint's CEO and Chairman, Dan Bodner, attributed the company's success to the strong return on investment (ROI) delivered to customers through AI business outcomes that surpass competitors in the market [2]. During FYE 2025, some of the largest brands began deploying Verint's AI-powered bots, and the company expects their usage to expand over time [2].

CFO Grant Highlander discussed Verint's plan to begin reporting subscription ARR, cash generation, and cash contribution to help investors understand the company's growth on a ratable basis [2]. In Q4 FYE 2025, Verint overachieved its ARR, cash generation, and cash contribution guidance [2].

The revenue and non-GAAP diluted EPS for FYe 2025 were impacted by unbundled SaaS revenue [2].

References:
[1] Reuters. Verint Systems Inc Outlook FYE 2026 Outlook Revenue $960 Million +/- 3%, Wider Range Reflects Impact of ASC 606. March 26, 2023. https://www.reuters.com/business/us/verint-systems-inc-outlook-fye-2026-outlook-revenue-960-million-plus-or-minus-3-2023-03-26/
[2] Business Wire. Verint Announces Q4 FYE 2025 Results. March 26, 2023. https://www.businesswire.com/news/home/20230326121699/en/