olivLaw · US equity research
Guidewire Software, Inc. GWRE
Services-Prepackaged Software · SIC 7372 · Vertical: Services-Prepackaged Software (SIC 7372)
Guidewire is the platform property and casualty insurers use to modernize core systems, mainly through cloud subscriptions. In the third quarter of fiscal 2026 total revenue grew 27% and ARR reached 1,147 million USD. The company raised its fiscal 2026 outlook, but revenue remains concentrated in a small number of large customers.
At the close of 02 Nov 2026, Guidewire Software, Inc. (GWRE) stock was 162.43 USD (−0.10% on the day), with market capitalisation 13.3 bn USD, P/E 99.7 on diluted EPS of 1.63 USD over the last 12 months, beta 0.78, 52-week range 102.69–227.99 USD. Latest reported quarter (Q4 2026): revenue of 411.1 m USD (+15.3% YoY), net income of 31.4 m USD (−39.6% YoY), diluted EPS 0.37 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 45.6
- neutral
- Bollinger (20, 2)
- 152.77 – 189.37
- in the lower half of the band · %B 0.26 · band width 21.4%
- SMA 50 / 200
- 166.49 / 148.96
- mixed trend
- MACD (12, 26, 9)
- 1.52 / 3.59
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +6.8% | −2.3% | +9.1 pp | — |
| 3 months | +3.2% | −0.8% | +4.0 pp | — |
| 6 months | +13.1% | +4.7% | +8.4 pp | — |
| Year to date | −19.2% | +10.2% | −29.4 pp | — |
| 1 year | −30.5% | +10.3% | −40.7 pp | +2.5% |
| 3 years | +77.6% | +73.0% | +4.6 pp | +21.0% |
| 5 years | +32.0% | +61.8% | −29.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 31 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 262.9 m | 289.5 m | 293.5 m | 356.6 m | 332.6 m | 359.1 m | 372.5 m | 411.1 m |
| Cost of revenue | 104.5 m | 110.3 m | 110.8 m | 124.8 m | 123.1 m | 127.6 m | 135.9 m | 141.4 m |
| Gross profit | 158.4 m | 179.2 m | 182.7 m | 231.8 m | 209.5 m | 231.5 m | 236.6 m | 269.7 m |
| Research & development | 68.9 m | 70.3 m | 72.9 m | 84.1 m | 78.3 m | 83.3 m | 87.9 m | 90.6 m |
| Operating income | -4.7 m | 11.7 m | 4.5 m | 29.6 m | 18.5 m | 38.4 m | 30.6 m | 62.3 m |
| Depreciation & amortisation | 5.8 m | 5.7 m ≈ | 6.0 m ≈ | 6.2 m | 6.4 m | 7.0 m ≈ | 7.2 m ≈ | 7.3 m |
| Interest expense | 2.1 m | 4.2 m | 3.7 m | 3.3 m | 3.3 m | 3.3 m | 3.3 m | 3.4 m |
| Pre-tax income | 2.8 m | -43.0 m | 48.7 m | 41.0 m | 24.5 m | 74.6 m | 19.8 m | 45.3 m |
| Income tax | -6.4 m | -5.8 m | 2.7 m | -11.0 m | -6.8 m | 14.4 m | 3.3 m | 13.9 m |
| Net income | 9.1 m | -37.3 m | 46.0 m | 52.0 m | 31.3 m | 60.1 m | 16.5 m | 31.4 m |
| Diluted EPS | 0.11 | -0.45 | 0.54 | 0.60 ≈ | 0.36 | 0.70 | 0.19 | 0.37 ≈ |
| Operating cash flow | -62.3 m | 86.0 m ≈ | 32.4 m ≈ | 244.8 m | -67.4 m | 112.0 m ≈ | 61.2 m ≈ | 283.9 m |
| Capex | 843.0 k | 790.0 k ≈ | 703.0 k ≈ | 3.4 m | 4.9 m | 3.3 m ≈ | 1.8 m ≈ | 2.1 m |
| Share repurchases | — | — | 0 ≈ | 0 | — | — | 244.3 m ≈ | 213.9 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 17 percentile of its own 18-quarter history (min 64.0, median 325.8, max 2,157.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 719.5 m | 742.3 m | 743.3 m | 812.6 m | 905.3 m | 980.5 m | 1.2 bn | 1.5 bn |
| Revenue YoY | +10.2% | +3.2% | +0.1% | +9.3% | +11.4% | +8.3% | +22.6% | +22.7% |
| Net income | 20.7 m | -27.2 m | -66.5 m | -180.4 m | -111.9 m | -6.1 m | 69.8 m | 139.3 m |
| Net income YoY | unavailable | −231.2% | unavailable | unavailable | unavailable | unavailable | unavailable | +99.5% |
| Diluted EPS | 0.25 | -0.33 | -0.79 | -2.16 | -1.36 | -0.07 | 0.81 | 1.63 |
| Diluted EPS YoY | unavailable | −232.0% | unavailable | unavailable | unavailable | unavailable | unavailable | +101.2% |
| net % | 2.9% | -3.7% | -8.9% | -22.2% | -12.4% | -0.6% | 5.8% | 9.4% |
| Free cash flow | 71.2 m | 91.7 m | 92.6 m | -47.5 m | 32.6 m | 189.4 m | 295.1 m | 377.7 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 Jul 2026
- Cash
- 372.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 1.2 bn USD
- Total assets
- 2.6 bn USD
- Debt / equity
- unavailable
- Current ratio
- 1.79x
- ROE
- 10.5%
- ROA
- 5.3%
- FCF margin
- 25.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 743.3 m | 812.6 m | 905.3 m | 980.5 m | 1.2 bn | 1.5 bn | SEC (XBRL)· 11 Sept 2026verified |
| Cost of revenue | 353.7 m | 435.4 m | 447.1 m | 397.1 m | 450.4 m | 528.0 m | SEC (XBRL)· 11 Sept 2026verified |
| Gross profit | 389.6 m | 377.2 m | 458.2 m | 583.4 m | 752.1 m | 947.4 m | SEC (XBRL)· 11 Sept 2026verified |
| Research & development | 201.5 m | 229.2 m | 249.7 m | 269.4 m | 296.2 m | 340.1 m | SEC (XBRL)· 11 Sept 2026verified |
| Operating income | -105.6 m | -199.4 m | -149.5 m | -52.6 m | 41.1 m | 149.9 m | SEC (XBRL)· 11 Sept 2026verified |
| Depreciation & amortisation | 37.0 m | 33.5 m | 24.8 m | 22.3 m | 23.8 m | 28.0 m | SEC (XBRL)· 11 Sept 2026verified |
| EBITDA | -68.6 m ≈ | -165.9 m ≈ | -124.7 m ≈ | -30.3 m ≈ | 64.8 m ≈ | 177.8 m ≈ | SEC (XBRL)· 11 Sept 2026derived |
| Interest expense | 18.7 m | 19.4 m | 6.7 m | 6.7 m | 13.2 m | 13.3 m | SEC (XBRL)· 11 Sept 2026verified |
| Pre-tax income | -104.3 m | -229.7 m | -134.1 m | -26.8 m | 49.4 m | 164.1 m | SEC (XBRL)· 11 Sept 2026verified |
| Income tax | -37.8 m | -49.3 m | -22.2 m | -20.7 m | -20.4 m | 24.8 m | SEC (XBRL)· 11 Sept 2026verified |
| Net income | -66.5 m | -180.4 m | -111.9 m | -6.1 m | 69.8 m | 139.3 m | SEC (XBRL)· 11 Sept 2026verified |
| Diluted EPS | -0.79 | -2.16 | -1.36 | -0.07 | 0.81 | 1.63 | SEC (XBRL)· 11 Sept 2026verified |
| Weighted average diluted shares | 83.6 m | 83.6 m | 82.2 m | 82.3 m | 85.9 m | 85.4 m | SEC (XBRL)· 11 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 384.9 m | 606.3 m | 401.8 m | 548.0 m | 697.9 m | 372.9 m | SEC (XBRL)· 11 Sept 2026verified |
| Receivables | 104.1 m | 143.8 m | 151.0 m | 137.3 m | 140.6 m | 193.7 m | SEC (XBRL)· 11 Sept 2026verified |
| Current assets | 1.4 bn | 1.3 bn | 1.1 bn | 1.3 bn | 1.5 bn | 1.2 bn | SEC (XBRL)· 11 Sept 2026verified |
| Property, plant & equipment, net | 80.1 m | 80.7 m | 54.5 m | 55.4 m | 60.4 m | 67.8 m | SEC (XBRL)· 11 Sept 2026verified |
| Goodwill | 340.9 m | 372.2 m | 372.2 m | 372.2 m | 394.0 m | 423.3 m | SEC (XBRL)· 11 Sept 2026verified |
| Intangibles (excl. goodwill) | 19.7 m | 21.4 m | 14.5 m | 9.0 m | 12.0 m | 16.4 m | SEC (XBRL)· 11 Sept 2026verified |
| Total assets | 2.3 bn | 2.3 bn | 2.0 bn | 2.2 bn | 2.7 bn | 2.6 bn | SEC (XBRL)· 11 Sept 2026verified |
| Accounts payable | 27.8 m | 40.4 m | 34.6 m | 15.2 m | 28.8 m | 38.1 m | SEC (XBRL)· 11 Sept 2026verified |
| Long-term debt | 343.8 m | 358.2 m | 397.2 m | 398.9 m | — | — | SEC (XBRL)· 16 Sept 2024verified |
| Current liabilities | 300.3 m | 337.5 m | 373.3 m | 837.6 m | 544.8 m | 664.5 m | SEC (XBRL)· 11 Sept 2026verified |
| Total liabilities | 777.0 m | 815.2 m | 828.4 m | 883.6 m | 1.3 bn | 1.4 bn | SEC (XBRL)· 11 Sept 2026verified |
| Equity | 1.5 bn † | 1.5 bn † | 1.2 bn † | 1.3 bn † | 1.5 bn † | 1.2 bn † | SEC (XBRL)· 11 Sept 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 111.6 m | -37.9 m | 38.4 m | 195.7 m | 300.9 m | 389.7 m | SEC (XBRL)· 11 Sept 2026verified |
| Capex | 19.0 m | 9.5 m | 5.8 m | 6.4 m | 5.7 m | 12.1 m | SEC (XBRL)· 11 Sept 2026verified |
| Free cash flow | 92.6 m ≈ | -47.5 m ≈ | 32.6 m ≈ | 189.4 m ≈ | 295.1 m ≈ | 377.7 m ≈ | SEC (XBRL)· 11 Sept 2026derived |
| Investing cash flow | 64.2 m | 312.2 m | 12.7 m | -52.4 m | -237.0 m | -136.0 m | SEC (XBRL)· 11 Sept 2026verified |
| Financing cash flow | -159.4 m | -37.3 m | -261.6 m | 1.1 m | 82.3 m | -579.0 m | SEC (XBRL)· 11 Sept 2026verified |
| Share repurchases | 161.3 m | 37.5 m | 261.8 m | 0 | 0 | 606.3 m | SEC (XBRL)· 11 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 13.3 bn USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 64.2% | 61 (on a fixed band) | 14% |
| EBIT margin · Quality | 10.2% | 44 (vs peers) | 11% |
| FCF margin · Quality | 25.6% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 17.7% | 71 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 22.7% | 83 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.8x | 58 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 2.8% | 57 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 4.6% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial58/100 · 1/2 factors with a value
- Growth75/100 · 2/2 factors with a value
- Quality68/100 · 3/3 factors with a value
- Returns100/100 · 1/1 factors with a value
- Valuation· partial57/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GUIDEWIRE SOFTWARE, INC. (GWRE). Latest full fiscal year: 2026; data up to 2026-07-31.
Figures computed from the financial statements: revenue 1.5 bn USD in 2026; YoY growth 22.7%; net margin 9.4%; ROE 10.5%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF margin: 25.6%
- Revenue CAGR 3Y: 17.7%
- Revenue growth (YoY): 22.7%
- Shareholder yield (distributions): 4.6%
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Prepackaged Software (SIC 7372) · same industry (4-digit SIC) · compared with 18 companies
Only companies with a capitalisation between 1.9 bn and 124.4 bn (within 8× of the company's); 203 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SNOWSnowflake Inc. | 102.6 bn | — | -48.2% | -20.1% | +29.2% | +16% / +55% |
| ADBEAdobe Inc. | 97.9 bn | 14.0 | 61.9% | 28.0% | +10.5% | −21% / −59% |
| INTUIntuit Inc. | 94.1 bn | 21.4 | 23.6% | 21.3% | +13.9% | −44% / −38% |
| CDNSCadence Design Systems, Inc. | 90.4 bn | 65.5 | 22.9% | 22.5% | +14.1% | +6% / +21% |
| SNPSSynopsys Inc | 89.3 bn | 82.4 | 3.7% | 11.4% | +15.1% | +11% / −14% |
| ADSKAutodesk, Inc. | 53.9 bn | 33.4 | 53.9% | 21.1% | +17.5% | −15% / +18% |
| VEEVVeeva Systems Inc. | 49.7 bn | 50.2 | 14.4% | 29.3% | +16.3% | +28% / +76% |
| TTWOTake-Two Interactive Software, Inc. | 35.9 bn | — | -9.0% | -4.8% | +18.2% | −22% / +21% |
| TWLOTwilio Inc. | 32.1 bn | 26.1 | 14.9% | 21.8% | +13.7% | +60% / +221% |
| RBLXRoblox Corporation | 30.7 bn | — | -478.2% | -16.5% | +35.8% | −55% / +9% |
| MDBMongodb, Inc. | 26.6 bn | 451.9 | 2.0% | 2.1% | +22.8% | −1% / −21% |
| PTCPTC Inc. | 21.1 bn | 18.9 | 35.1% | 41.4% | +19.2% | +11% / +23% |
| SSNCSs&C Technologies Holdings, Inc. | 19.1 bn | 23.5 | 12.7% | 13.2% | +6.6% | −5% / +45% |
| NTNXNutanix, Inc. | 17.4 bn | 12.5 | 37,460.2% | 52.8% | +12.4% | +35% / +50% |
| UUnity Software Inc. | 17.1 bn | — | -18.9% | -29.0% | +2.0% | −9% / +32% |
| TYLTyler Technologies, Inc. | 16.1 bn | 50.9 | 10.5% | 13.5% | +9.1% | −14% / −1% |
| DTDynatrace, Inc. | 15.9 bn | 110.7 | 5.9% | 7.2% | +18.8% | +24% / +3% |
| DOCUDocusign, Inc. | 15.3 bn | 49.8 | 17.8% | 9.8% | +8.2% | +18% / +89% |
| GWREGuidewire Software, Inc. | 13.3 bn | 99.7 | 10.5% | 9.4% | +22.7% | −30% / +78% |
1- and 3-year price returns: for GWRE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 110.62 Total return -32% · Per year -32% | 194.67 Total return 20% · Per year 20% | 292.01 Total return 80% · Per year 80% |
| 3 years | 131.21 Total return -19% · Per year -7% | 257.45 Total return 58% · Per year 17% | 420.49 Total return 159% · Per year 37% |
| 5 years | 155.64 Total return -4% · Per year -1% | 340.48 Total return 110% · Per year 16% | 605.50 Total return 273% · Per year 30% |
- Exit P/E± 64.36
- Net margin± 45.05
- Annual revenue growth± 33.60
- Annual dilution± 3.79
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Guidewire is the platform property and casualty insurers use to modernize core systems, mainly through cloud subscriptions. In the third quarter of fiscal 2026 total revenue grew 27% 2 and ARR reached 1,147 million USD 2. The company raised its fiscal 2026 outlook, but revenue remains concentrated in a small number of large customers 1.
SWOT
Strengths
- An integrated cloud platform combining core systems, analytics and AI, used by many insurers across many countries 12.
- A strong record of complex implementations, supported by a large partner network and an extensive marketplace 2.
- Recurring revenue is growing quickly, giving visibility into future revenue 2.
Weaknesses
- Revenue depends on a small group of large customers with strong bargaining power over prices 1.
- Sales and implementation cycles are long and hard to predict, which complicates financial planning 1.
- Quarterly results vary widely and license revenue is declining, showing dependence on the shift to subscriptions 12.
Opportunities
Threats
- Insurer consolidation can reduce the customer base and increase pricing pressure 1.
- AI-accelerated cyberattacks and possible product errors could harm reputation and customer relationships 1.
- Regulatory uncertainty around AI and vulnerabilities at third-party providers could create costs and liabilities 1.
Risks
- Dependence on large customershigh
A small group of customers accounts for a significant share of revenue and ARR, and losing one could materially affect results.
- Volatile resultsmedium
Revenue and quarterly results can vary significantly due to economic conditions, seasonality and contract structure.
- AI-related risksmedium
Developing and deploying AI in an uncertain regulatory environment can lead to reputational harm and legal liability.
- Data securityhigh
Security incidents or cloud service interruptions could lead to customer loss and additional costs.
- Currency and macroeconomic exposuremedium
Exchange rate swings, tariffs and geopolitical conflicts can affect financial results, as seen in the third quarter.
Investment thesis
What would need to be true (bull case)
- If the migration of customers to the cloud continues, recurring revenue could accelerate and support long-term margins 12.
- Its market position and partner network may make it difficult for insurers with complex implementations to replace the platform 1.
- ARR growth and the raised outlook point to healthy order momentum, which could continue if the pipeline converts into contracts 2.
What would break the thesis
- If large customers win price reductions or choose in-house systems, margins could come under pressure 1.
- Results can remain volatile, and the gap between GAAP and non-GAAP income shows that reported profitability may fall short of expectations 2.
- Insurer consolidation and competition from insurtech providers could limit growth over the medium term 1.
What to watch
- Fourth-quarter results and delivery against the ending ARR outlook of 1,229 to 1,237 million USDQ4 2026
- Pace of migration of on-premise customers to cloud subscriptions2027
- Progress of the share repurchase program and use of the remaining 240.5 million USD authorizationQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Guidewire develops InsuranceSuite and InsuranceNow, delivered as a cloud service on its GWCP infrastructure, covering product definition, pricing, underwriting, policy administration, billing and claims management 1. Most new sales are for InsuranceSuite, and subscription pricing is generally based on the Direct Written Premium managed on the platform 1. The company sells directly and through third-party system integrators, and initial subscription contracts are generally five years 1. Founded in 2001, it serves insurers from global carriers to regional providers, with more than 570 insurers in 43 countries 2.
Beyond the core, Guidewire offers digital engagement applications on the Jutro platform, data and analytics tools such as Predict, and a marketplace of insurtech applications 1. AI features such as ProNavigator and UnderwritingCenter are embedded in the core products 1. Subscription and support revenue is recognized ratably over the contract term, so part of the growth arrives over time rather than at once 1.
For fiscal 2026 management raised its total revenue outlook to 1,460 to 1,470 million USD and its non-GAAP operating income outlook to 314 to 324 million USD 2. Operating cash flow is expected between 365 and 380 million USD 2.
Segments
Market context
The P&C insurance software market is large, fragmented and heavily regulated, and insurers are modernizing legacy systems to respond faster to the market 1. Pressures include catastrophic events, social inflation of claims and demand for personalized digital products 1.
ARR growth to 1,147 million USD and the pace of cloud migration suggest demand is present, but customer concentration and pricing negotiations could limit margins, especially if insurer consolidation continues 12.
Trends
- Core system modernizationtailwind
Insurers are moving from legacy systems to cloud platforms, which could support long-term subscription orders.
- Adoption of artificial intelligencemixed
Demand for AI in underwriting and claims can open product opportunities, but an uncertain regulatory environment for AI could slow adoption.
- Insurer consolidationheadwind
Mergers among insurers can reduce the customer count while increasing their bargaining power over prices.
- Catastrophes and emerging riskstailwind
Climate-driven events and new risks such as cyber and AI increase the need for agility in insurers' systems.
Competitive position
Guidewire competes on functionality, implementation record and reputation against other insurance software vendors and against insurers building systems in-house 1. Large customers can demand better prices or develop systems internally, which could pressure margins 1.
The company relies on a network of system integrators and an insurtech marketplace, which can be an advantage against smaller rivals 2. Sales cycles are long and hard to predict, and competing vendors can influence customer decisions 1.
- General insurance software vendors
Companies offering core systems for insurers that compete directly for modernization contracts, as noted in the company's risk discussion 1.
- In-house system development by insurers
Large insurers can build their own systems, an alternative the company cites in its risk analysis 1.
- System integrators
Partners that implement the products but can also influence competition on projects, as the company describes its channel model 1.
- Insurtech providers
New digital companies offering different underwriting and distribution models that can act as competitors or partners 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billionCNA (Channel NewsAsia) · 27 Oct 2026 · EN
- Guidewire CEO Michael Rosenbaum Sells 1,200 Shares for $245,328Yahoo Finance — News · 09 Sept 2026 · EN
- Guidewire (GWRE) Grew Fiscal 2026 ARR 19%. Can Cloud Economics Offset Slower Near-Term Growth?Yahoo Finance — News · 04 Sept 2026 · EN
- Guidewire Software, Inc. Q4 2026 Earnings Call SummaryYahoo Finance — News · 04 Sept 2026 · EN
- Guidewire Software Q4 Earnings Call HighlightsYahoo Finance — News · 03 Sept 2026 · EN
- Stocks making the biggest moves after hours: Lululemon, Zscaler, Guidewire Software & moreCNBC — Top News · 03 Sept 2026 · EN
The latest news item in our archive is from 27 Oct 2026; the newest SEC filing is from 29 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Proxy statement29 Oct 2026
- Current report27 Oct 2026Material agreement · Creation of a direct financial obligation · Regulation FD disclosure · Financial statements and exhibits
- Current report30 Sept 2026Other events
- Annual report11 Sept 2026
- Current report03 Sept 2026Departure or appointment of officers · Financial statements and exhibits
- Current report22 Jul 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report05 Jun 2026
- Current report04 Jun 2026Results of operations · Financial statements and exhibits
- Quarterly report06 Mar 2026
- Current report05 Mar 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-07-31 · SEC / Guidewire Software, Inc. · 11 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Guidewire Software, Inc. · 04 Jun 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.