NortonLifeLock Inc. (NLOK) Q1 2026 Earnings Report

NortonLifeLock delivered a robust Q1 2026 revenue print, with total revenue of $1.257B up 30.26% year over year and 24.46% quarter over quarter, underscoring the strength of its subscription-based model in the consumer cybersecurity space. Gross profit reached $990M, yielding a gross margin of 78.76% and signaling sustained pricing power and favorable product mix as Norton 360 and LifeLock continue to drive recurring revenue. EBITDA stood at $579M (EBITDA margin of 46.06%), while operating income was $446M (operating margin 35.48%). Net income was $135M (net margin 10.74%), with diluted earnings per share of $0.22. Notably, year-over-year net income declined by 25.41% despite top-line growth, driven by a $146M negative total other income/expenses component and a $156M interest expense, which more than offset improvements in operating performance.

The quarter demonstrates meaningful top-line momentum and margin resilience, but profitability on a reported basis remains sensitive to non-operating items and financing costs. Management commentary (where available) would provide additional color on churn, mix, cross-sell progress, and investment discipline. In the near term, investors should monitor: (1) sustainability of the revenue growth rate and mix between Norton 360 and LifeLock products; (2) the trajectory of operating expenses, particularly R&D and SG&A, in the context of ongoing product enhancements; and (3) the impact of interest expense and other non-operating items on net income and cash flow generation.