VRNS

T2

Varonis Systems, Inc.

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NotesTable
DateCommentComment TypeComment SentimentLinkPrice Reaction
2026-07-28Varonis (VRNS) surpassed Q2 2026 revenue and non-GAAP EPS estimates, driven by 25% SaaS ARR growth (ex-conversions) and strong AI security product adoption. The company also raised its full-year guidance. Despite this, the stock significantly underperformed, falling 12.90% (t+2 days) relative to SPY, signaling market concern over wider GAAP losses, reduced free cash flow, and potentially the pace of margin expansion.Earnings TranscriptNegative-12.90% (vs SPY: -13.73%)