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Call sheet · Q2'27

Cognyte Software (CGNT)

Q2'27 earnings call · held September 9, 2026 · compared with the Q1'27 call · management-credibility review
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Disclosure score
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Financial quality
Bottom line
Cognyte’s software growth and GAAP operating leverage deserve credit. The stronger earnings, however, have not yet produced positive first-half operating cash flow, and the quantified annual cash target is no longer supported by management. RPO and billings weakness can reflect contract timing, but the explanation needs a numerical bridge. The next investment-relevant confirmation is cash realization from the inventory build and renewals-not another repetition of demand confidence. [1][2][3]

What changed this quarter

MetricQ1'27Q2'27Change
RevenueQ2 FY2026: $97.513 millionQ2 FY2027: $109.237 million12.0% year-over-year growth. [3]
GAAP parent net income and diluted EPSQ2 FY2026: $1.469 million; $0.02Q2 FY2027: $4.106 million; $0.06Parent earnings improved; consolidated net income was separately $5.112 million. [3]
Operating cash flowH1 FY2026: −$4.609 millionH1 FY2027: −$3.586 millionImproved year over year but remained negative; Q2 alone generated $1.1 million. [3]
FY2027 revenue guidance$448 million ±3%: $434.56-461.44 million$448 million ±2%: $439.04-456.96 millionRange narrowed; midpoint unchanged, not raised. [1][2][3]
RPOQ1 FY2027: total $528.8 million; short-term $363.4 millionQ2 FY2027: total $470.2 million; short-term $313.4 millionSequential declines in both contracted visibility measures. [1][2]

Accountability tracked

5 prior promises scored
Inside the full report
The complete write-up covers the full promise ledger with kept/missed calls, disclosure-quality scoring, the metrics-vanished check, verification items, and the questions to ask next quarter.
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Scores, kept-promise rates, and flags on this site reflect the author's opinion, applying a stated methodology to statements management made on public earnings calls. Informational and educational purposes only - not investment advice, a recommendation, or an offer to buy or sell any security. Sources believed reliable but not guaranteed; the author may hold positions in the securities discussed.

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