McAfee Corp. (MCFE) Tops Q2 EPS by 3c; Guides Higher

McAfee Corp. (NASDAQ: MCFE) reported Q2 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $467 million versus the consensus estimate of $433.99 million.

“We are very pleased with our team’s execution this quarter," said Peter Leav, McAfee’s President and Chief Executive Officer. "Not only did McAfee deliver another solid quarter with revenue, DTC subscribers, profitability and cash flow from operations growing double-digits, but did so while simultaneously closing the transaction to sell the Enterprise Business. Our continued commitment to secure our customers’ online footprint helped us to drive 22% year-over-year consumer revenue growth while we added 556,000 net new direct-to-consumer subscribers in Q2. We look forward to continuing our journey as a pure-play consumer business.”

GUIDANCE:

McAfee Corp. sees Q3 2021 revenue of $461-467 million, versus the consensus of $442.8 million.

McAfee Corp. sees FY2021 revenue of $1.84-1.85 billion, versus the consensus of $1.79 billion.

For earnings history and earnings-related data on McAfee Corp. (MCFE) click here.

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