Trend Micro reported half year 2026 earnings and cut full year profit guidance as cloud and AI related costs weigh on margins despite higher reported sales and net income. The share price fell 14.6% over the last day and is down 9.1% year to date, while the one year total shareholder return is down 25.5%. The five year total shareholder return remains positive at 22.5%, suggesting near term momentum has faded after the earnings and guidance update. The stock now sits at a sizeable discount to both analyst targets and one estimate of intrinsic value, with the most followed narrative pegging fair value at ¥6,511, above the last close of ¥5,851, framing the stock as modestly undervalued.
Trend Micro IncorporatedCut full year profit guidance due to cloud and AI costs, despite higher sales and net income.
