F5, Inc. (FFIV) SEC Filings & Earnings Calls
EquiReason read 12 F5, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-08-06 — F5 reported strong Q3 FY26 results with revenue +10.9% YoY, gross margin expansion, and robust systems demand, partially offset by cyber incident costs..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 25.8B
- P/E TTM
- 36.3
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 27 Oct, in 3 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
6 Aug 202610-QF5 reported strong Q3 FY26 results with revenue +10.9% YoY, gross margin expansion, and robust systems demand, partially offset by cyber incident costs.earningsopen
Figures in the filing · each found in the filing text
| Total net revenues · Q3-2026 | $865M | +11% y/y |
| Net income · Q3-2026 | $208M | +10% y/y |
| Gross margin · Q3-2026 | 82.2% | |
| Systems revenue · Systems · Q3-2026 | $240M | +32% y/y |
| Software revenue · Software · Q3-2026 | $223M | +7% y/y |
| Remaining performance obligations · Q3-2026 | $2.20B | +12% y/y |
| Operating cash flow · 9M-2026 | $841M | |
| Share repurchases · 9M-2026 | $500M | +33% y/y |
Risks flagged
Cyber incident litigation and costs
“The Company incurred $3.0 million and $26.5 million of costs in response to the Cyber Incident for the three and nine months ended June 30, 2026, respectively.”
Securities class action lawsuit
“On December 19, 2025, Matthew Smith filed a putative class action complaint against F5, Inc., and certain of its executives... alleging false or misleading statements regarding the Company’s cybersecurity capabilities.” · word for word
Customer concentration
“Customer B accounted for 23.1% of total net revenue for the nine months ended June 30, 2026.”
27 Jul 20268-K · 2.02F5 reported Q3 FY26 revenue of $865M (+11% YoY), product revenue growth of 19%, and raised FY26 guidance: revenue growth 9-10% (from 7-8%), non-GAAP EPS $17.21-$17.33 (from $16.25-$16.55). Strong demand for application delivery and securityearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $865M | +11% y/y |
| Systems revenue · Q3-2026 | $240M | +32% y/y |
| Software revenue · Q3-2026 | $223M | +7% y/y |
| Services revenue · Q3-2026 | $402M | +3% y/y |
| GAAP gross margin · Q3-2026 | 82.2% | |
| Non-GAAP gross margin · Q3-2026 | 84.2% | |
| GAAP operating margin · Q3-2026 | 24.7% | |
| Non-GAAP operating margin · Q3-2026 | 35.0% | |
| GAAP net income · Q3-2026 | $208M | +9% y/y |
| Non-GAAP net income · Q3-2026 | $272M | +12% y/y |
Guidance
FY26 revenue growth raised to 9-10% from 7-8%; FY26 non-GAAP EPS raised to $17.21-$17.33 from $16.25-$16.55; Q4 FY26 revenue $870M-$890M; Q4 FY26 non-GAAP EPS $4.14-$4.26
F5 raised full-year guidance on both revenue and EPS, citing strong product demand driven by AI and hybrid multicloud adoption. Margin expansion continues with operating leverage.
Risks flagged
AI-driven threat landscape may increase security demands but also competitive pressure
“AI has empowered attackers and compressed the time between vulnerability discovery and exploitation” · word for word
5 May 202610-QTotal Net Revenue $812M (+11% y/y); Net Income $148M (+2% y/y); Gross Margin 81.4open
Figures in the filing · each found in the filing text
| Total Net Revenue · Q2-2026 | $812M | +11% y/y |
| Net Income · Q2-2026 | $148M | +2% y/y |
| Gross Margin · Q2-2026 | 81.4% | |
| Remaining Performance Obligations · Q2-2026 | $2.10B | +10% y/y |
| Operating Cash Flow · H1-2026 | $525M | |
| Diluted EPS · Q2-2026 | $2.58 | +4% y/y |
Risks flagged
Cyber Incident Liability
“The Company incurred $6.0 million and $23.5 million of costs in response to the Cyber Incident for the three and six months ended March 31, 2026, respectively.”
Securities Class Action
“On December 19, 2025, Matthew Smith filed a putative class action complaint against F5, Inc., and certain of its executives.” · word for word
Customer Concentration
“Customer A 16.1% and Customer B 15.3% of total net revenue for Q2 2026.”
28 Apr 20268-K · 2.02Revenue $812M (+11% y/y); Systems revenue $226M (+26% y/y); Software revenue $184M (+17% y/y); Guidance: FY26 revenue growth raised to 7-8% (from 5-6%); non-GAAP EPS raised to $16.25-$16.55 (from $15.65-$16.05)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $812M | +11% y/y |
| Systems revenue · Systems · Q2-2026 | $226M | +26% y/y |
| Software revenue · Software · Q2-2026 | $184M | +17% y/y |
| Services revenue · Services · Q2-2026 | $401M | +2% y/y |
| GAAP gross profit · Q2-2026 | $661M | +12% y/y |
| GAAP gross margin · Q2-2026 | 81.4% | |
| Non-GAAP gross profit · Q2-2026 | $680M | +12% y/y |
| Non-GAAP gross margin · Q2-2026 | 83.7% | |
| GAAP income from operations · Q2-2026 | $179M | +13% y/y |
| Non-GAAP income from operations · Q2-2026 | $274M | +18% y/y |
Guidance
FY26 revenue growth raised to 7-8% (from 5-6%); non-GAAP EPS raised to $16.25-$16.55 (from $15.65-$16.05)
Guidance raised on strong product demand and margin expansion; management cites structural drivers.
Risks flagged
Dependence on structural demand drivers (hybrid multicloud, cybersecurity, AI) could be impacted by macro slowdown.
“Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors.” · word for word
13 Mar 20268-K · 5.02, 5.07New shares authorized under incentive plan 3,500,000open
Figures in the filing · each found in the filing text
| new shares authorized under incentive plan · FY2025 | 3,500,000 |
Risks flagged
Potential dilution from 3.5M new shares, though typical for incentive plans.
“Approval of 3.5M new shares for issuance under the Incentive Plan.”
5 Feb 202610-QF5 reported Q1 FY2026 results with revenue up 7.3% YoY, systems revenue up 36.7%, but software revenue down 8.1%; gross margin slightly contracted; cyber incident costs impacted expenses.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $822M | +7% y/y |
| Net Income · Q1-2026 | $180M | +8% y/y |
| Gross Margin · Q1-2026 | 81.5% | |
| Systems Revenue · Systems · Q1-2026 | $218M | +37% y/y |
| Software Revenue · Software · Q1-2026 | $192M | -8% y/y |
| Remaining Performance Obligations · Q1-2026 | $2.10B | |
| Operating Cash Flow · Q1-2026 | $159M |
Risks flagged
Cyber Incident Liability
“The Company incurred $17.5 million of costs in response to the Cyber Incident for the three months ended December 31, 2025.”
Securities Class Action
“On December 19, 2025, Matthew Smith filed a putative class action complaint against F5, Inc., and certain of its executives... alleging false or misleading statements regarding the Company’s cybersecurity capabilities.” · word for word
Software Revenue Decline
“Total software revenue decreased 8.1% for the three months ended December 31, 2025, from the comparable period in the prior year.” · word for word
27 Jan 20268-K · 2.02Revenue $822M (+7% y/y); Systems revenue $218M (+37% y/y); Software revenue $192M (-8% y/y); Guidance: Revenue growth 5-6% (from 0-4%), non-GAAP operating margin 34-35% (from 33.5-34.5%), non-GAAP EPS $15.65-$16.05 (from $14.50-$15.50)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $822M | +7% y/y |
| Systems revenue · Q1-2026 | $218M | +37% y/y |
| Software revenue · Q1-2026 | $192M | -8% y/y |
| Global services revenue · Q1-2026 | $412M | +4% y/y |
| Non-GAAP gross margin · Q1-2026 | 83.8% | |
| Non-GAAP operating margin · Q1-2026 | 38.2% | |
| Non-GAAP net income · Q1-2026 | $259M | +14% y/y |
| Non-GAAP EPS · Q1-2026 | $4.45 | +16% y/y |
Guidance
Revenue growth 5-6% (from 0-4%), non-GAAP operating margin 34-35% (from 33.5-34.5%), non-GAAP EPS $15.65-$16.05 (from $14.50-$15.50)
F5 raised FY2026 guidance across all key metrics, citing durable demand drivers and strong Q1 performance.
Risks flagged
Software revenue decline of 8% YoY may indicate competitive pressure or market saturation in software segment.
“software revenue of $192 million was down 8% against strong results in the year ago period” · word for word
26 Jan 2026DEF 14AProxy statement for annual shareholder meeting, including executive compensation disclosure and proposal to approve 2026 Incentive Award Plan.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $3.09B | +10% y/y |
| GAAP Net Income · FY2025 | $692M | +22% y/y |
| Cash Flow from Operations · FY2025 | $950M | +20% y/y |
| Share Repurchases · FY2025 | $500M | |
| Non-GAAP EPS · FY2025 | $15.81 | |
| Revenue Target · FY2025 | $2.98B | |
| Non-GAAP Operating Income Target · FY2025 | $1.04B | |
| Employees · 2025-09-30 | 6,578 | |
| Recurring Revenue Percentage · FY2025 | 70.0% |
25 Nov 202510-KTotal net revenues $3.09B (+10% y/y); Gross margin 81.4; Net income $692M (+22% y/y)open
Figures in the filing · each found in the filing text
| Total net revenues · FY2025 | $3.09B | +10% y/y |
| Gross margin · FY2025 | 81.4% | |
| Net income · FY2025 | $692M | +22% y/y |
| Operating cash flow · FY2025 | $950M | +20% y/y |
| Cash and cash equivalents and investments · FY2025 | $1.36B | +26% y/y |
Risks flagged
Customer concentration
“Customer A 15.8 % 16.3 % 15.6 % Customer B 17.5 % 15.9 % 15.0 %” · word for word
Geopolitical risk from Israel operations
“We have offices and employees located in Israel. As a result, political, economic, and military conditions in Israel and the surrounding region directly affect our operations.” · word for word
Tariff and trade policy risk
“Changes in governmental regulations could negatively affect our revenues Many of our products are subject to various regulations promulgated by the United States and various foreign governments including, but not limited to, environmental regulations and regulations implementing export license requirements and restrictions on the import or export of some tec” · word for word
27 Oct 20258-K · 2.02, 5.02Revenue $810M (+8% y/y); Systems Revenue $186M (+42% y/y); Software Revenue $229M (+0% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $810M | +8% y/y |
| Systems Revenue · Systems · Q4-2025 | $186M | +42% y/y |
| Software Revenue · Software · Q4-2025 | $229M | +0% y/y |
| Global Services Revenue · Global Services · Q4-2025 | $396M | +2% y/y |
| Non-GAAP Gross Margin · Q4-2025 | 84.3% | |
| Non-GAAP Operating Margin · Q4-2025 | 37.0% | |
| Non-GAAP Net Income · Q4-2025 | $257M | +18% y/y |
| Non-GAAP Diluted EPS · Q4-2025 | $4.39 | +20% y/y |
| Full Year Revenue · FY2025 | $3.09B | +10% y/y |
| Full Year Non-GAAP Diluted EPS · FY2025 | $15.81 | +18% y/y |
Risks flagged
Recent security incident may impact customer trust and future revenue.
“Following the recent security incident, our immediate priority remains supporting customers as they evaluate and safeguard their environments.” · word for word
F5, Inc. — questions
- What did F5, Inc. file recently?
- 12 SEC filings in the last 12 months. Latest: 10-Q on 2026-08-06 — F5 reported strong Q3 FY26 results with revenue +10.9% YoY, gross margin expansion, and robust systems demand, partially offset by cyber incident costs.
Every figure on this page comes from F5, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.