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F5, Inc. (FFIV)
NASDAQ:FFIV
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.44Last Year’s EPS
3.42Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly constructive picture: solid top-line growth (+7% revenue), robust systems momentum (+37%), improved profitability and a raised FY '26 outlook (revenue growth guide raised to 5%–6% and EPS guidance increased). Management emphasized meaningful AI traction and durable hybrid multi‑cloud demand, and highlighted effective remediation and strengthened security posture after a prior incident. Key negatives include an 8% decline in software revenue (driven by tough comps and lower perpetual sales), rising memory costs that trimmed gross margin guidance, supply-component risk, and a slight APAC decline. Overall, the positives—strong product and systems performance, improved margins, raised guidance, cash generation and demonstrated AI and regional wins—outweigh the cited lowlights.Company Guidance
Overall Revenue and Mix
Total revenue $822M, up 7% year-over-year; balanced mix with product revenue $410M (+11% YoY) and services revenue $412M (+4% YoY). Recurring revenue represented 69% of Q1 revenue.
Systems and Product Momentum
Systems revenue $218M, up 37% YoY; company reported its sixth consecutive quarter of double-digit product revenue growth and expects double-digit systems revenue growth for FY '26.
AI Traction and New Customer Wins
Added nearly as many AI customers in Q1 as in all of FY '25; quarter saw a balanced mix of AI data delivery and AI runtime security use cases. Management highlighted multiple large AI-related wins (OEM, financial services, energy) and said AI is materially accelerating demand across the portfolio.
Regional and Vertical Strength
EMEA delivered exceptional growth of 24% and accounted for 31% of revenue; The Americas grew 2% and represented 53% of revenue; APAC declined 1% and represented 16% of revenue. Enterprise customers made up 64% of product bookings and government was a strong 23% of product bookings.
Profitability, Cash Flow and Capital Returns
GAAP gross margin 81.5%, non-GAAP gross margin 83.8%. Non-GAAP operating margin 38.2% (up 80 bps YoY). Non-GAAP net income $259M, $4.45 per share (16% EPS growth YoY). Cash flow from operations $159M; cash & investments ~$1.22B; deferred revenue $2.1B (+6% YoY). Repurchased $300M of shares in Q1 at an average price of $249.
Raised FY '26 Guidance
Raised FY 2026 revenue growth outlook to 5%–6% (from 0%–4%). Expect mid-single-digit software growth, double-digit systems growth, low single-digit services growth. Non-GAAP EPS guidance raised to $15.65–$16.05; non-GAAP operating margin guide 34%–35%.
Effective Response to Security Incident
Following the security incident, F5 handled more than 9,000 additional support cases with minimal demand disruption. Over 50% of customers are now on the latest software release (versus ~15% a year ago). Company committed to enhanced operational and product security measures and introduced EDR capabilities to perimeter devices.
FFIV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FFIV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 27, 2026 | $270.43 | $292.30 | +8.09% |
Oct 27, 2025 | $290.41 | $267.58 | -7.86% |
Jul 30, 2025 | $298.99 | $313.42 | +4.83% |
Apr 28, 2025 | $265.07 | $262.72 | -0.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does F5, Inc. (FFIV) report earnings?
F5, Inc. (FFIV) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is F5, Inc. (FFIV) earnings time?
F5, Inc. (FFIV) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FFIV EPS forecast?
FFIV EPS forecast for the fiscal quarter 2026 (Q2) is 3.44.
