Trend Micro Incorporated (JP:4704)
:4704
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
86.65Last Year’s EPS
67.46Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed constructive progress: record revenues and operating profit, clear momentum for the Vision One platform (strong attachment, high NRR, expanding ARR per customer), and a strategic shift toward ARR-centric measurement and platform-based GTM. At the same time, management flagged real near-term challenges — ARR growth deceleration, pre-GAAP softness, consumer legacy disruption, increased cloud and start-up costs, and planned investments that pressure operating income. Management presented a coherent transformation plan (GTM, pricing, Flex model) and explicit growth/investment trade-offs for 2026.Company Guidance
Record Q4 and Full-Year Results
Q4 net sales rose 5% and management reported record-high net sales and operating profit for the full year 2025; operating profit in the quarter was reported up ~50% with an OP margin of 18% (management also reported a full-year operating margin of ~21%).
Recurring Revenue Base and ARR Focus
Total recurring revenue at $1.7 billion (up 1% YoY) with enterprise recurring revenue of $1.3 billion (up 2% YoY); management is shifting guidance and forecasting and investor discussion toward ARR as the primary performance metric.
Vision One Platform Momentum
Vision One accounted for ~38% of total revenue (TrendAI) in Q4 and was ~41% of TrendAI ARR early quarter-to-date; average Vision One customer ARR increased from $35,100 to $35,500; large-enterprise Vision One ARR shown at $467 million (growing 58%); Net Revenue Retention for Vision One is ~130%.
Enterprise Sales Strength
Enterprise net sales grew 8% in Q4 (4% for the full year) driven by platform adoption and notable analyst recognition (Gartner, Forrester, IDC, Omdia).
Consumer Business Repositioning
TrendLife is migrating to 'Digital Life Protection' with that category rising to 36% of TrendLife sales in 2025 and ~45% early-quarter; Digital Life Protection ARPU is ~2x traditional antivirus and 'beyond device' consumer revenue was $32M (up 11% YoY).
2026 Revenue Guidance & Currency Tailwind
Company guidance for fiscal 2026: net sales growth of 9% (approximately 6% in constant currency) driven in part by yen depreciation; management targets full-company ARR growth goals (management cited ARR targets elsewhere).
Strategic GTM and Pricing Changes
Go-to-market changes: (1) lead with Vision One platform, (2) shift incentives to prioritize first-year ARR and reduce heavy multiyear discounting (multiyear impact reduced from ~38% to ~17%), and (3) move Vision One to a Flex/credit consumption model to reduce procurement friction and increase predictable consumption.
Capital Return and Stable Cash Flow
Cash flow described as stable; board expects a fiscal-year dividend of JPY 185 per share (up from JPY 184 prior year) and a JPY 5 billion share buyback announced as part of shareholder returns strategy.
JP:4704 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JP:4704 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | ¥5644.00 | ¥5591.00 | -0.94% |
Nov 12, 2025 | ¥7687.80 | ¥7571.61 | -1.51% |
Aug 07, 2025 | ¥8778.38 | ¥8685.63 | -1.06% |
May 08, 2025 | ¥9797.69 | ¥9817.22 | +0.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trend Micro Incorporated (JP:4704) report earnings?
Trend Micro Incorporated (JP:4704) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Trend Micro Incorporated (JP:4704) earnings time?
Trend Micro Incorporated (JP:4704) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is the P/E ratio of Trend Micro Incorporated stock?
The P/E ratio of Trend Micro is N/A.
What is JP:4704 EPS forecast?
JP:4704 EPS forecast for the fiscal quarter 2026 (Q1) is 86.65.