F5 Q3 revenue beats on product sales growth; FY outlook raised
FFIV•Quarterly revenue and earnings beat expectations
F5 said fiscal third-quarter revenue rose 11%, beating analyst expectations.
Adjusted EPS for fiscal Q3 also beat analyst expectations.
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Revenue | Beat | $865 mln | $832.55 mln (10 Analysts) |
| Q3 Adjusted EPS | Beat | $4.73 | $4 (12 Analysts) |
| Q3 EPS | $3.62 |
FY2026 outlook raised on product revenue growth and security demand
F5 raised its full-year 2026 revenue and earnings guidance.
- F5 raises FY2026 revenue growth outlook to 9%-10% from 7%-8% previously
- F5 expects FY2026 non-GAAP EPS of $17.21-$17.33, up from $16.25-$16.55 previously
- Company guides Q4 FY2026 revenue to $870 mln-$890 mln and non-GAAP EPS to $4.14-$4.26
The company said 19% product revenue growth, including 32% growth in systems and 7% in software, was the main driver of total revenue increase.
F5 also said demand for application security solutions increased as threats became more sophisticated, with AI used to enhance customer protection.
