Cognyte Software Ltd · Q2 2026 earnings

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

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.