Varonis Systems' second quarter revenue beats estimates driven by 52% SaaS ARR growth, leading to a raised full-year outlook.

Varonis Systems reported second quarter 2026 revenue of $180.0 million, an 18% increase year-over-year, beating analyst estimates. The company reported a GAAP loss per share of ($0.41). The SaaS transition continues to accelerate, with SaaS ARR growing 52% to $726.0 million.

Key Highlights

• SaaS Annual Recurring Revenue (ARR) reached $726.0 million, up 52% year-over-year.
• SaaS ARR excluding conversions, a key metric for organic cloud adoption, grew 25% year-over-year.
• The company raised its full-year 2026 outlook for SaaS ARR excluding conversions growth to 20% to 21% and total revenue to a range of $735.0 million to $739.0 million.