Verint Systems Inc. (NASDAQ: VRNT) Q1 2026 Earnings Call | 6/4/2025

20 days ago

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Earnings Calls

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Verint Systems Inc. (NASDAQ: VRNT) reported Q1 2026 results on June 4, 2025, delivering revenue of $208.1 million—a 6% year-over-year decline, but well above analyst expectations. Non-GAAP diluted EPS came in at $0.29, beating consensus by $0.06. The strong quarter was driven by accelerating demand for Verint’s AI-powered customer experience solutions, with annual recurring revenue (ARR) growth accelerating to 6% and AI ARR soaring 24% year-over-year to $354 million, now representing nearly half of total subscription ARR. The quarter featured two major SaaS wins: a $13 million total contract value (TCV) deal with a leading insurance provider and a $14 million TCV deal with a healthcare company. These large contracts underscored Verint’s ability to drive significant ARR growth through its hybrid cloud model, which enables rapid and scalable AI deployment for customers seeking automation and workforce efficiency. Gross margin and operational discipline remained strong, with Verint repurchasing 2.5 million shares during the quarter and maintaining low net leverage. The company exited Q1 with a robust pipeline for AI-powered solutions and reaffirmed its full-year guidance: revenue of $960 million (±3%), non-GAAP diluted EPS of $2.93, 8% ARR growth, and 12% free cash flow growth by year-end. Outlook: Q2 2026 guidance: Revenue of ~$200 million; non-GAAP diluted EPS of $0.26 FY26 guidance: Revenue of $960 million (±3%), non-GAAP EPS of $2.93, 8% ARR growth, 12% free cash flow growth CEO Dan Bodner emphasized Verint’s differentiated AI approach—enabling customers to quickly realize value and scale with production-ready AI bots—and highlighted the company’s momentum in winning large deals and accelerating ARR growth as key drivers for the remainder of the year. About Inside Ticker: For more expert analysis and real-time updates on Verint Systems Inc. (NASDAQ: VRNT) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #Verint #VRNT #EarningsCall #Q12026 #AI #ARR #Cloud #StockMarket #Investing #InsideTicker

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