Guidewire Software reported total revenue of $372.5 million for its fiscal third quarter of 2026, a 27% increase from the same period last year, and raised its full-year guidance. Subscription and support revenue grew 35% to $244.7 million, while annual recurring revenue reached $1.147 billion. CEO Mike Rosenbaum attributed the performance to cloud migration and AI adoption among insurers, and the company now expects full-year total revenue between $1.46 billion and $1.47 billion with ending ARR between $1.23 billion and $1.24 billion. Non-GAAP income from operations rose to $77.8 million, though GAAP net income fell to $16.5 million due to a $20.1 million foreign currency loss. The company held $1.145 billion in cash, cash equivalents, and investments as of April 30, after repurchasing over 1.6 million shares during the quarter.
Guidewire Software IncGuidewire raised full-year guidance after a 27% revenue jump and strong subscription growth.