NASDAQ$CGNT
Cognyte Software Ltd · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Cognyte Q2 FY2026: revenue up 15.5% to $97.5M; GAAP net income $2.7M with raised full-year outlook
Cognyte Software (CGNT) reported Q2 fiscal 2026 revenue of $97.5 million, up 15.5% year over year, driven by 35.9% growth in software license revenue and strong demand for AI-driven investigative analytics. GAAP operating income was $2.7 million versus a $1.4 million operating loss in the prior-year quarter, and GAAP net income attributable to Cognyte was $1.5 million ($0.02 diluted per share) compared with a $1.9 million net loss. Non-GAAP operating income rose to $8.0 million from $4.4 million, and adjusted EBITDA grew to $11.0 million from $8.3 million. Non-GAAP diluted EPS attributable to Cognyte was $0.08 versus $0.05 a year ago. Recurring revenue was $47.4 million (48.7% of total), and total backlog reached $460.2 million. Cash and equivalents were $84.7 million after completing a $20 million share repurchase. Management raised FY2026 outlook to $397 million revenue (+/- 2%), approximately $45 million adjusted EBITDA, and $0.23 non-GAAP diluted EPS at the midpoint.
- Q2 revenue of $97.5M (+15.5% YoY) with software revenue up 35.9% to $36.6M on strong analytics demand
- GAAP net income attributable of $1.5M ($0.02/share); non-GAAP net income of $6.0M ($0.08/share)
- Adjusted EBITDA of $11.0M (+33% YoY) expanding faster than revenue; non-GAAP gross margin 72.1%
- Total backlog $460.2M; short-term RPO $355.0M provides solid revenue visibility
- Raised FY2026 outlook: $397M revenue (+13% YoY at midpoint), ~$45M adjusted EBITDA (+55% YoY), $0.23 non-GAAP EPS
Headline financials
Revenue & EPS history
Cognyte · Revenue · Quarterly
$97.5M
Revenue by segment
Cognyte · $97.5M total across 3 segments · Q2 2026
- Software Services$46.7M—47.9%
- Software$36.6M—37.5%
- Professional Services and Other$14.2M—14.5%
Forward guidance
For fiscal year ending January 31, 2026, Cognyte expects revenue of $397 million (+/- 2%, ~13% YoY growth at midpoint), adjusted EBITDA of approximately $45 million (~55% YoY growth), and non-GAAP diluted EPS of $0.23 at the revenue midpoint.
Tailwinds
- Strong global demand for AI-driven investigative analytics with significant new customer wins
- Expanding profitability with adjusted EBITDA growing faster than revenue
Headwinds
- Q2 operating cash flow was negative $6.3M due to seasonal bonus payment timing
- Geopolitical and Israel-related operational risks noted in forward-looking statements
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2026
-4.1%
Avg return
Earnings day
-5.7%
Avg return
5 days after
-4.8%
Avg return
30 days after
33%
7 / 21 earnings
Positive
+25.8%
Q4 2023
Best reaction
-35.8%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2028 | -20.7% | -22.1% | — | |
| Q4 2027 | +0.7% | +0.6% | +21.7% | |
| Q2 2026 | -10.9% | -10.6% | -12.0% | |
| Q3 2025 | +4.1% | +10.2% | +1.2% | |
| Q2 2025 | -15.3% | -6.7% | -12.4% | |
| Q1 2025 | -7.2% | -6.4% | -7.1% | |
| Q4 2024 | -17.1% | -20.0% | -9.2% | |
| Q3 2024 | +9.7% | +15.7% | -0.8% | |
| Q2 2024 | +18.6% | +13.6% | +5.8% | |
| Q1 2024 | +4.3% | +3.4% | -0.2% | |
| Q4 2023 | +25.8% | +24.9% | +24.0% | |
| Q3 2023 | +22.6% | +17.0% | +51.9% | |
| Q2 2023 | -3.4% | -9.8% | -40.0% | |
| Q1 2023 | -29.0% | -35.2% | -28.2% | |
| Q4 2022 | -35.8% | -37.0% | -40.0% | |
| Q3 2022 | -11.8% | -12.2% | -29.5% | |
| Q2 2022 | -16.1% | -24.0% | -22.6% | |
| Q1 2022 | -3.7% | -1.0% | +4.6% | |
| Q4 2021 | +0.0% | -7.0% | -1.5% | |
| Q4 2019 | +0.0% | -7.0% | -1.5% | |
| Q4 2020 | +0.0% | -7.0% | -1.5% | |
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