Achieved Q1 FY26 revenue of $822 million, up 7% year-over-year, with product revenue growing 11% and systems revenue up 37%, marking the sixth consecutive quarter of double-digit product growth driven by hybrid multicloud, AI, and converged platforms.
EMEA delivered exceptional 24% growth, with strong customer wins in banking, media, and healthcare leveraging hybrid multi-cloud, AI, and security needs.
Minimal demand disruption from a security incident, managed with rapid response and positive customer feedback.
Non-GAAP EPS increased 16% year-over-year to $4.45, and non-GAAP operating margin improved by 80bps to 38.2%.
Q1 revenue reached $822 million, split evenly between product and services; recurring revenue contributed 69% of total, and deferred revenue was $2.1 billion, up 6% year-over-year.
Product revenue grew 11% to $410 million; services revenue grew 4% to $412 million; systems revenue was $218 million, up 37%; software revenue was $192 million, down 8%.
GAAP gross margin was 81.5%; non-GAAP gross margin was 83.8%.
GAAP net income was $180 million ($3.10/share); non-GAAP net income was $259 million ($4.45/share), both up year-over-year.
Cash flow from operations was $159 million; cash and investments totaled $1.22 billion after $300 million in share repurchases.
FY 2026 revenue growth outlook raised to 5%-6% (from 0%-4%), with non-GAAP EPS guidance increased to $15.65-$16.05 (from $14.50-$15.50).
Q2 revenue expected at $770-$790 million (approx. 7% growth at midpoint); Q2 non-GAAP EPS expected at $3.34-$3.46.
Expect mid-single-digit software growth, double-digit systems growth, and low single-digit services growth for FY 2026.
Non-GAAP operating margin expected at 34–35% for FY 2026.
Committed to returning at least 50% of annual free cash flow to shareholders via share repurchases.
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Search for any keyword across all transcripts simultaneously.
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
The easiest way to stay updated during earnings season.
All events from public companies. Live and recorded.
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
F5, Inc. is an American company with multinational operations that specializes in multi-cloud application services and security. The company is well-known for its Application Delivery Controller (ADC) technology, which optimizes the delivery and security of network-based applications and the traffic that flows through them. F5's product portfolio includes software and hardware focused on access control, application security, load balancing, and DDoS protection, catering to a diverse clientele that spans various sectors. It is headquartered in Seattle, Washington, and its shares are listed on the Nasdaq.
F5 was founded in 1996 and initially focused on developing and providing load-balancing technology, crucial for ensuring the reliable distribution of internet traffic across servers.
F5 went public in 1999 and in the early 2000s, the company expanded its product line to include traffic management, application security, and optimization technologies. The company continued to grow during the 2010s both organically and through strategic acquisitions. More recently, F5 has focused on expanding its offerings in multi-cloud environments and application security. Today, F5 competes with the likes of Cisco, Juniper Networks, Fortinet, and many others.
F5's flagship product line, and what the company is most known for, includes its Application Delivery Controllers and associated services, which are designed to ensure the smooth and efficient delivery of web applications. ADCs play a crucial role in load balancing, optimizing performance, and managing the flow of traffic to and from web applications. This ensures that user experiences are consistently high-quality, regardless of traffic volume or application complexity.
A significant part of F5's extended offerings is in Application Security. They provide Web Application Firewalls (WAFs), which are designed to protect applications against internet-based threats. These WAFs are engineered to adapt to the specific security needs of different applications, aiming to defend against a range of cyber threats including SQL injection, cross-site scripting, and session hijacking.
In Access Management, F5 develops solutions that aim to secure and streamline access to applications and data. Its offerings in this space are focused on enabling controlled access to network resources, crucial for businesses with remote or mobile workforces. Key features of these solutions include identity federation, Single Sign-On (SSO), and multi-factor authentication. In Cloud Solutions, F5 has introduced products to aid in the optimization of application performance and security across various cloud environments.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)
)