Oct 27, 7:05 AM ET
Guidewire agreed on October 27, 2026 to acquire Hyperexponential Ltd, a London-based AI underwriting software provider, for a base cash price of $1.7 billion, subject to adjustments, plus up to $400 million in contingent payments tied to recurring revenue targets. The company plans to fund the deal with a $1.0 billion term loan from Bank of America and Citibank and cash on hand, and says the deal will not affect its first quarter fiscal 2027 guidance.
- Base purchase price of $1.7 billion in cash, subject to adjustments, plus up to $400 million in contingent consideration based on specified recurring revenue targets
- Funding: $1.0 billion senior secured term loan A commitment from Bank of America, N.A. and Citibank, N.A., maturing December 2, 2029, plus existing cash on hand
- Expected to close in the second quarter of fiscal 2027; the company says the acquisition will add at least 650 basis points to fiscal 2027 ARR growth on an inorganic basis
- No impact on first quarter fiscal 2027 guidance; second quarter guidance and updated full year guidance to come on the December 2026 earnings call
Read the filing on SEC.gov ↗
Sep 3, 4:06 PM ET
Guidewire reported fourth-quarter and fiscal 2026 results for the year ended July 31, 2026, with fiscal-year revenue up 23% to $1,475.4 million and fourth-quarter GAAP net income down to $31.4 million from $52.0 million. The company also said Chief Accounting Officer David Peterson will retire effective November 4, 2026, and that CFO Jeff Cooper is expected to take over the principal accounting officer duties, subject to board appointment.
- Fiscal 2026 GAAP diluted EPS was $1.63, up from $0.81; fourth-quarter GAAP diluted EPS was $0.38, down from $0.60.
- Fourth-quarter total revenue was $411.1 million, up 15%; fourth-quarter GAAP net income was hurt by a $24.0 million foreign currency loss.
- Outlook for fiscal 2027 total revenue is $1,707 million to $1,727 million.
- Peterson's retirement takes effect November 4, 2026; he is not leaving over any disagreement with the company.
Read the filing on SEC.gov ↗
Jul 22, 4:17 PM ET
Guidewire's board appointed Alexander Vollert, a former chief operating officer of AXA SA, as a director effective August 1, 2026. The filing also discloses that Guidewire recognized revenue from AXA SA and its affiliates in fiscal 2025 and in the nine months ended April 30, 2026, which is relevant because Dr. Vollert was an AXA executive until December 2025.
- Board appointment made July 17, 2026, effective August 1, 2026; initial term runs through the 2026 annual meeting, subject to re-election.
- Dr. Vollert was chief operating officer of AXA SA from December 2021 to December 2025 and CEO of AXA Germany from September 2016 to November 2021.
- Guidewire recognized about $13.4 million in revenue from AXA SA and affiliates for the nine months ended April 30, 2026, and about $11.3 million in fiscal 2025 (year ended July 31, 2025).
Read the filing on SEC.gov ↗
Jun 4, 4:06 PM ET
Guidewire reported unaudited results for the fiscal third quarter ended April 30, 2026, with total revenue up 27% to $372.5 million and ARR up 19%. GAAP net income fell to $16.5 million from $46.0 million, which the company tied to a $20.1 million foreign currency loss, but the company raised its fiscal 2026 revenue, operating income, and operating cash flow outlook.
- Total revenue was $372.5 million, up 27% from $293.5 million a year earlier; subscription and support revenue rose 35% to $244.7 million.
- GAAP diluted EPS was $0.19 versus $0.54; non-GAAP diluted EPS was $0.82 versus $0.55.
- Fiscal 2026 total revenue outlook is now $1,460 million to $1,470 million, and operating cash flow is expected at $365 million to $380 million.
- The company repurchased 1,696,180 shares at an average price of $147.07 in the quarter, with $240.5 million left under a $500 million program.
Read the filing on SEC.gov ↗
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