VARONIS SYSTEMS INC (VRNS): Results of Operations and Financial Condition
VARONIS SYSTEMS INC (VRNS) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Varonis Announces Second Quarter 2026 Financial Results SaaS ARR, excluding conversions increased 25% year-over-year Total SaaS ARR was $726.0 million, up 52% year-over-year MIAMI, July 28, 2026 (GLOBE NEWSWIRE) -- Varo
How this was made
The 30-second read
Why it matters
The key tradable update is the raised full-year 2026 SaaS ARR excluding conversions growth outlook, alongside Q3 and FY revenue and non-GAAP operating income guidance ranges.
Market read
Guidance raise tied to SaaS ARR growth and AI/data security demand can drive estimate revisions and near-term positioning.
What to watch
SaaS ARR excludes conversions; traders may scrutinize whether new-logo growth sustains the outlook and whether term license and maintenance declines continue to pressure GAAP profitability.
Background
This is an SEC 8-K with the company’s Q2 2026 financial results and updated outlook, including SaaS ARR KPIs and cash flow metrics.
Ticker impact
Varonis reported Q2 2026 results and raised full-year 2026 SaaS ARR excluding conversions growth outlook to 21% at the midpoint.
Likely positive near-term bias as guidance raise supports estimates and sentiment, though GAAP operating loss remains sizable.
The filing includes explicit guidance increases (full-year SaaS ARR excluding conversions growth midpoint) plus detailed revenue and operating income ranges for Q3 and FY 2026.
Market effects
Supports the data and AI security software growth read-through, particularly for SaaS ARR momentum and AI governance/security spend.
No specific regional demand signal beyond general enterprise/public sector adoption claims.
Reinforces global enterprise security budget allocation toward AI and sensitive data governance.
Counterpoint
Despite the guidance raise, GAAP operating loss remains large, so investors may focus on cash flow durability and non-GAAP to GAAP conversion.
Key entities
- public_companyVaronis Systems, Inc.
Data and AI security company reporting Q2 2026 results and raising full-year SaaS ARR outlook.
- executiveYaki Faitelson
CEO quoted on Q2 performance and product momentum.
- executiveGuy Melamed
CFO & COO quoted on demand drivers and the raised outlook.
