Varonis Systems (VRNS)
NASDAQ:VRNS
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
<0.01Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong growth momentum in the transition to a SaaS-focused business: SaaS ARR ex-conversion grew 29% YoY, total revenue grew 27% YoY, management raised full-year ARR and revenue guidance, reported notable new-logo wins and product traction (AI-focused offerings and recent acquisitions), and maintained a strong balance sheet with active share repurchases. Offsetting items included modest margin pressure (gross margin and ARR contribution margin declines), lower reported free cash flow and cash from operations versus last year (partly due to acquisition-related cash costs), and ongoing visibility uncertainty related to the on-prem end-of-life and conversion timing. Overall, the positives (robust ARR growth, raised guidance, customer wins, product momentum and cash reserves) outweigh the transition-related headwinds and margin/cash-flow noise.Company Guidance
Strong SaaS ARR Growth
SaaS ARR excluding conversions increased 29% year-over-year to $522.6M; total SaaS ARR including conversions was $683.2M. Company raised full-year total SaaS ARR guidance to $814M–$845M (growth 27%–32%) and SaaS ARR ex-conversions guidance to 20%–21%.
Revenue Growth and Improved GAAP Results
Total revenues for Q1 were $173.1M, up 27% year-over-year. Net income improved to $7.5M ($0.06 per diluted share) from $0.7M in Q1 2025.
Raised Full-Year Financial Guidance
Management raised full-year targets: total revenues $731M–$737M (growth 17%–18%), free cash flow $100M–$105M, non-GAAP operating income $7M–$9M, and non-GAAP EPS $0.11–$0.12.
Healthy Demand, New Logos and Product Traction
Company reported acceleration in new-customer contribution and continued expansion within the installed base. Notable wins include a global technology customer (50,000+ employees) purchasing Varonis for multiple clouds and MDDR/forensics capabilities; ServiceNow expanded to cover internal AI systems and email security.
Adoption of AI-Related and Acquired Products
Management highlighted continued adoption of MDDR and AI-related offerings, early traction from acquisitions (Interceptor, Atlas, database activity monitoring) and initial encouraging POCs for AllTrue/Atlas though no material ARR contribution yet from AllTrue in Q1.
Strong Balance Sheet and Capital Returns
As of March 31, 2026, cash, cash equivalents, short-term deposits and marketable securities totaled $900M. The company repurchased 5,355,445 shares for $132.1M in Q1.
Operational Improvements and Margin Progress vs Prior Year
Operating loss narrowed to $1.4M (operating margin -0.8%) from an operating loss of $6.5M (-4.7%) in Q1 2025, reflecting improved operational performance despite ongoing investments.
Thought Leadership in AI Security
Varonis discovered the 'Reprompt' vulnerability in Microsoft Copilot, demonstrating product/security expertise and visibility in AI system safeguards.
VRNS 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
VRNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $25.44 | $27.29 | +7.27% |
Feb 03, 2026 | $26.53 | $23.67 | -10.78% |
Oct 28, 2025 | $63.00 | $32.34 | -48.67% |
Jul 29, 2025 | $54.23 | $57.11 | +5.31% |
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 Varonis Systems (VRNS) report earnings?
Varonis Systems (VRNS) is schdueled to report earning on Aug 03, 2026, After Close (Confirmed).
What is Varonis Systems (VRNS) earnings time?
Varonis Systems (VRNS) earnings time is at Aug 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VRNS EPS forecast?
VRNS EPS forecast for the fiscal quarter 2026 (Q2) is <0.01.