FFIV
F5, Inc.258.26
-4.75-1.81%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
AI inflection, regulatory boosts affirmed
Q&A spotlighted an AI inflection point, with Q1 netting as many new customers as all FY25 amid enterprises shifting to production inference and balanced data delivery-security wins--durable, per management. Regulatory catalysts like DORA and NIST 2 accelerated hybrid multi-cloud, fueling EMEA's 24% surge and systems refreshes-plus-expansions beyond prior cycles. Software's YoY dip traced to lapping an 8-figure renewal, yet renewals point to mid-single-digit growth; memory costs managed proactively via supply diversification. No security incident fallout--zero known customer breaches, trust bolstered. AI demand just hit inflection. Confident tone, with targeted FY27 investments; watch regulatory tailwinds and AI scaling.
Key Stats
Market Cap
15.00BP/E (TTM)
21.89Basic EPS (TTM)
11.80Dividend Yield
0%Recent Filings
8-K
F5 approves new equity plan
F5 shareholders approved the 2026 Incentive Award Plan on March 12, 2026, authorizing 3,500,000 new common shares plus recycled shares from the prior plan to attract and retain talent. All eight directors won election with overwhelming majorities. Board adopted a Non-Employee Director program with $60,000 retainers and $275,000 RSU grants. Shareholders endorsed exec pay and PwC as auditors.
10-Q
Q1 FY2026 results
F5 posted Q1 FY2026 revenue of $822.5M, up 7.3% y/y, driven by products jumping 11.3% to $410.3M on 36.7% systems growth while services rose 3.6% to $412.2M; gross margin held steady at 81.5%. Operating income climbed to $214.2M from $205.1M, diluted EPS $3.10 on 58.2M shares (reconciles). Cash from operations hit $159.2M, free cash flow $149.5M (derived), yet $1.2B cash after $301M buybacks. Closed CalypsoAI in Sep 2025 for $145.2M cash, recognizing $114.2M goodwill and $16.9M developed technology (4.21 years). Buybacks signal confidence. Litigation lingers over NGINX IP.
8-K
F5 Q1 revenue up 7%, raises FY guide
F5 crushed Q1 FY26 with $822M revenue, up 7% YoY, fueled by 11% product growth and 37% systems surge—marking six straight quarters of double-digit product gains. Systems boomed $218M while software dipped 8%; non-GAAP EPS hit $4.45. F5 raised FY26 guidance to 5-6% revenue growth, 34-35% operating margin. Cash dipped on $301M buybacks.
10-K
FY2025 results
F5 delivered FY2025 revenue of $3.1B, up 9.7% y/y, with products surging 18.5% to $1.5B on 31.3% systems growth to $706M and 9.2% software gains, while services edged 2.3% higher; Q4 accelerated the momentum as demand stabilized post-macro headwinds. Gross margins expanded to 81.4% amid favorable mix, fueling operating income of $766M (24.8% margin) and diluted EPS of $11.80. Cash generation roared at $950M from operations, funding $171M in acquisitions like CalypsoAI and $502M buybacks, leaving $1.4B liquidity. Yet the October Cyber Incident clouds Q1 FY2026 sales cycles.
8-K
F5 Q4 revenue up 8%
F5 posted Q4 revenue of $810M, up 8% year-over-year, with systems surging 42% to $186M; full-year revenue hit $3.09B, up 10%. CEO Locoh-Donou assumes Chair role in March 2026, succeeding retiring Al Higginson, with a lead independent director named. Recent security incident prompts FY26 revenue guide of 0-4% growth, margins at 33.5-34.5%. Sales cycles disrupted short-term.