NortonLifeLock Inc. (NLOK) Tops Q2 EPS by 3c, Revenues Beat; Offers 3Q Revenue Guidance Above Consensus, 3Q EPS Mid-Point Outlook Above Consensus

NortonLifeLock Inc. (NASDAQ: NLOK) reported Q2 EPS of $0.36, $0.03 better than the analyst estimate of $0.33. Revenue for the quarter came in at $626 million versus the consensus estimate of $620.35 million.

Q2 Key Highlights

Year-over-year

• Revenue was $626 million, up 5% in USD and up 4% in constant currency
• Non-GAAP diluted EPS was $0.36, compared to $0.18 a year ago, up 100%
• Reported billings growth up 7%
• Direct customer count of 20.7 million, up 608,000
• Average revenue per user of $9.10 per month, up 2%
• Non-GAAP operating margin was 50%, up 20 points

“We’ve achieved another strong quarter where we grew the business mid-single digits,” said Vincent Pilette, CEO of NortonLifeLock. “Our second quarter performance underscores our relentless focus on operational discipline and product innovation. Our ambition is to bring Cyber Safety to everyone.”

GUIDANCE:

NortonLifeLock Inc. sees Q3 2021 EPS of $0.36-$0.38, versus the consensus of $0.36. NortonLifeLock Inc. sees Q3 2021 revenue of $625-635 million, versus the consensus of $624.97 million.

• Revenue in the range of $625 to $635 million, translating to approximately 4% to 5% growth, adjusting for ID Analytics revenue ($15 million in Q3 Fiscal 2020)
• Non-GAAP EPS in the range of $0.36 to $0.38

For earnings history and earnings-related data on NortonLifeLock Inc. (NLOK) click here.

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