F5, Inc. (FFIV)
NASDAQ:FFIV
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
4Last Year’s EPS
4.16Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive performance: robust top-line growth (11% revenue increase), strong product/systems momentum (22% product, 26% systems), record cash flow, raised FY'26 revenue and EPS guidance, meaningful AI traction (~$50M H1 AI sales, ~100 AI customers) and notable regional strength in EMEA/APAC. Key near-term headwinds include services/maintenance timing effects, declining perpetual license revenue, and a clear gross‑margin pressure from elevated memory and SSD costs that management expects will depress margins sequentially into Q4 and potentially into FY'27. Management has taken actions (supply booking, price/discount discipline, innovation) to mitigate these risks. On balance, highlights significantly outweigh the lowlights.Company Guidance
Top-Line Revenue Growth
Total revenue grew 11% year-over-year to $812 million for Q2 FY2026, with a raised FY'26 revenue outlook of 7%–8% (up from 5%–6%). Q3 revenue guidance is $820M–$840M (~6.5% growth at midpoint).
Strong Product and Systems Performance
Product revenue increased 22% YoY to $411 million; systems revenue grew 26% YoY to $226 million, marking the seventh consecutive quarter of double-digit product growth.
Software and Subscription Momentum
Software revenue grew 17% YoY to $184 million. Subscription-based software revenue was $165 million, up 20% YoY and representing 90% of software revenue.
Recurring Revenue Mix
Revenue from recurring sources (subscriptions + maintenance portion of services) contributed 70% of Q2 revenue; deferred revenue totaled $2.12 billion, up 10% YoY.
Profitability and EPS Growth
Non‑GAAP net income was $223 million and non‑GAAP EPS was $3.90, reflecting 14% EPS growth year-over-year; FY'26 non‑GAAP EPS raised to $16.25–$16.55 (from $15.65–$16.05).
Record Cash Generation
Record operating cash flow of $366 million and record free cash flow of $348 million in Q2; cash & investments of $1.46 billion as of quarter-end.
Strong Regional Performance Outside Americas
EMEA revenue grew 22% YoY (32% of revenue) and APAC grew 19% YoY (18% of revenue); Americas grew 3% YoY (50% of revenue).
Customer Wins, Displacements and AI Traction
Multiple customer displacements and strategic wins across verticals (healthcare, energy, payments, manufacturing). AI-specific results: approximately $50 million in sales in H1 FY'26 for AI use cases (>200% YoY) and ~100 customers using F5 for AI.
Product Innovation and New Capabilities
Launched AI-powered Distributed Cloud WAF, Agentic Bot Defense, F5 AI Remediate, F5 Insight for ADSP and on‑prem API discovery; positioned offerings for AI runtime security, AI data delivery and AI factory load balancing.
Operational Discipline and Capital Allocation
Non-GAAP gross margin 83.7% and non-GAAP operating margin 33.8%. Repurchased $100 million of shares in the quarter (avg price $269) with $522 million remaining; full-year buybacks expected to be at least 50% of free cash flow.
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 |
|---|---|---|---|
Apr 28, 2026 | $303.79 | $328.15 | +8.02% |
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% |
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 Aug 03, 2026, After Close (Confirmed).
What is F5, Inc. (FFIV) earnings time?
F5, Inc. (FFIV) earnings time is at Aug 03, 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 (Q3) is 4.
