Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: revenue was $180.0M vs. $176.9M expected, and normalized EPS reached -$0.01 (calculated from $0.98M normalized net income) vs. $0.007 mean consensus. SaaS revenue surged 62% YoY to $171.7M, now representing 95.4% of total sales as the transition to cloud-delivery accelerates. While gross margin of 75.3% missed the 78.7% consensus due to increased third-party hosting costs, SaaS ARR growth of 52% YoY to $726M highlights robust demand for AI-driven data security.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Varonics(VRNS) the Revenue is 180.02 M (+18.31%), Beat estimate;the EBIT is 3.711 M (+295.1%), Beat estimate;the EPS is -0.41 (-28.13%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
0.18B18.31%
0.18B16.29%
+0.00B2.02%
EBITExceed expectations
0.00B295.11%
-0.00B76.17%
+0.00B218.94%
EPSMiss expectations
-0.4128.13%
-0.30115.90%
-0.108934.03%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf