Varonis Systems Reports Strong Q1 Earnings with Raised Guidance and AI Security Focus
Varonis Systems reported strong Q1 2026 results, with SaaS ARR ex-conversions up 29% YoY to $522.6M and Q1 revenue of $173.1M (+27%). Management raised full-year guidance and highlighted AI security initiatives, including the discovery of the 'Reprompt' Copilot vulnerability and customer wins at large tech firms.
Topics: AI security earnings guidance financial performance SaaS growth stock repurchase