Cognyte Software Ltd · Q3 2026 earnings

Briefing

Cognyte Q3 FY2026: revenue up 13% to $100.7M, raises full-year outlook on margin expansion

Cognyte Software (CGNT) reported Q3 fiscal 2026 revenue of $100.7 million, up 13.2% year over year, driven by 39.6% growth in software revenue and strong demand for AI-driven investigative analytics. GAAP operating income swung to $3.2 million from a $2.2 million loss, while non-GAAP operating income rose to $9.0 million from $3.4 million. Adjusted EBITDA grew to $11.9 million from $6.6 million, expanding faster than revenue. GAAP net loss attributable to Cognyte widened to $4.9 million ($0.07 per share) due to higher tax expense and FX impacts, though non-GAAP net income was $2.0 million ($0.03 per diluted share). Non-GAAP gross margin improved 297 bps to 73.1%. Cash rose to $106.6 million with no debt; operating cash flow was $25.0 million versus $12.3 million prior year. Management raised FY2026 outlook to $400M revenue (+/- 1%), ~$47M adjusted EBITDA, and $0.24 non-GAAP diluted EPS at the midpoint.

• Q3 revenue of $100.7M (+13.2% YoY) with software revenue up 39.6% to $41.9M on strong analytics demand
• Adjusted EBITDA of $11.9M (+81% YoY) and non-GAAP operating income of $9.0M; gross margin expanded to 73.1%
• GAAP net loss attributable of $4.9M ($0.07/share) vs non-GAAP net income of $2.0M ($0.03/share)
• Cash position strengthened to $106.6M with no debt; Q3 operating cash flow of $25.0M doubled prior year
• Raised FY2026 outlook: $400M revenue (+14% YoY at midpoint), ~$47M adjusted EBITDA (+60% YoY), $0.24 non-GAAP EPS

Headline financials

Revenue & EPS history

For fiscal year ending January 31, 2026, Cognyte expects revenue of $400 million (+/- 1%, ~14% YoY growth at midpoint), adjusted EBITDA of approximately $47 million (~60% YoY growth), and non-GAAP diluted EPS of $0.24 at the revenue midpoint.