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A10 Networks ( (ATEN) ) has provided an update.
On April 28, 2026, A10 Networks reported first-quarter 2026 revenue of $75.0 million, up 13.4% year over year, with GAAP net income of $12.0 million and non-GAAP net income of $17.7 million. The company posted GAAP gross margin of 79.6%, non-GAAP gross margin of 80.6%, Adjusted EBITDA of $22.5 million, and ended March 31, 2026 with $369.8 million in cash, cash equivalents, and marketable securities.
Management highlighted strong demand from AI infrastructure deployments as a key growth driver, citing expanded commitments from top customers and an ability to manage supply constraints while improving profitability. The company returned $6.8 million to investors in the quarter via share repurchases and dividends, and on April 28, 2026 the board approved a quarterly cash dividend of $0.06 per share, payable June 1, 2026 to shareholders of record on May 15, 2026, underscoring confidence in its cash generation and capital return strategy.
A10 said its growth momentum, disciplined execution, and focus on innovation are supporting both continued investment in its technology and ongoing capital returns to shareholders. Management reiterated its previously issued 2026 guidance, including full-year revenue growth of 10–12%, Adjusted EBITDA margin of 28–30%, and earnings per share growth expected to outpace revenue growth on a year-over-year basis.
The most recent analyst rating on (ATEN) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on A10 Networks stock, see the ATEN Stock Forecast page.
Spark’s Take on ATEN Stock
According to Spark, TipRanks’ AI Analyst, ATEN is a Outperform.
ATEN scores well on fundamentals and outlook: strong margins/cash generation and a constructive earnings call with growth and margin-expansion guidance. The main offsets are the sharp recent increase in leverage, a relatively high P/E with a modest yield, and technically overbought momentum that can elevate near-term volatility.
To see Spark’s full report on ATEN stock, click here.
More about A10 Networks
A10 Networks, Inc. is a provider of secure application services and solutions, focusing on performance, availability, and security for AI-driven and other high-volume network architectures. The company serves both enterprises and service providers as converging AI workloads blur traditional customer segments, positioning A10 at a critical control point where network performance and cybersecurity intersect.
Average Trading Volume: 1,056,402
Technical Sentiment Signal: Buy
Current Market Cap: $1.98B
Learn more about ATEN stock on TipRanks’ Stock Analysis page.