Guidewire Software, Inc. 8-K

What Happened
Guidewire Software, Inc. (GWRE) filed an 8-K on January 8, 2026, stating it has completed its prior repurchase authorization from September 2022 and that the board approved a new share repurchase program authorizing purchases of up to $500.0 million of common stock, effective immediately. The company said repurchases may be made in the open market, in privately negotiated transactions, or otherwise, and may be executed under Rule 10b-18 or through Rule 10b5-1 plans. Guidewire expects to fund repurchases with existing cash, working capital or cash flows from operations.

Key Details

• Board approved up to $500.0 million for repurchases (effective Jan 8, 2026).
• The prior September 2022 authorization was fully used; $138.2 million remained as of Oct 31, 2025, and has since been utilized.
• Cash, cash equivalents and investments were $1,409.3 million as of Oct 31, 2025.
• Repurchases are discretionary, may be modified/suspended/terminated, and will comply with applicable securities laws (Rule 10b-18); company may use Rule 10b5-1 plans.

Why It Matters
A $500 million buyback authorization signals the board’s intent to return capital and can reduce outstanding share count, which may increase earnings per share if repurchases occur. The company’s stated funding sources (cash and operations) and a strong cash/investment balance as of Oct 31, 2025 provide context for its ability to execute repurchases. However, the program is discretionary—Guidewire is not obligated to buy any specific amount and may alter or stop repurchases depending on market conditions and corporate needs. The filing also includes standard forward‑looking statement cautions about risks and uncertainties.