F5, INC. earnings

F5 closed the third quarter of fiscal 2026 with revenue of $865 million, up 11% from $780 million a year earlier. Product revenue rose 19% and did the heavy lifting, with systems up 32% and software up 7%. Services added 3%.

F5 reported revenue of $812 million for the second quarter of fiscal 2026, up 11% from $731 million in the year-ago quarter. Product revenue did the heavy lifting with 22% growth, the seventh straight quarter of double-digit product growth.

F5 opened fiscal 2026 with $822.5 million in revenue for the quarter ended December 31, 2025, up 7.3% from the prior-year quarter. Gross profit rose 7.1% to $670.7 million, but gross margin slipped to 81.5% year over year.

F5 closed fiscal 2025 with fourth quarter revenue of $810.09 million, up 8.5% from the prior-year quarter. Gross profit was $666.21 million, up 10.5%, and gross margin reached 82.2%, up 1.5 percentage points.

F5 closed its fiscal 2025 third quarter with revenue of $780.37 million, up 12.2% from $695.50 million in the prior-year quarter. Product demand did the heavy lifting. Product revenue grew 26%, with systems revenue up 39% and software revenue up 16%. Services revenue rose 1%.

F5 delivered a solid second quarter of fiscal 2025. Revenue rose 7.3% to $731.1 million. GAAP gross profit rose 9.2% to $590.2 million, and gross margin expanded 1.4 percentage points to 80.7%. GAAP operating income rose 13.5% to $158.9 million, with operating margin up 1.2 percentage points to 21.7%.

F5 reported record first quarter results for fiscal 2025. Revenue rose 10.7% to $766.5 million. Gross profit was $626.0 million, up 12.5%, and gross margin rose 1.4 percentage points to 81.7%. Operating income was $205.1 million, up 24.7%, with operating margin up 3.0 percentage points to 26.8%.

F5 closed fiscal 2024 with fourth quarter revenue of $746.67 million, up 5.6% from the prior-year quarter. Full-year revenue was $2.82 billion, flat with the prior year at plus 0.1%. The mix continued to shift.

F5 reported FY2024 Q3 revenue of $695.5 million, down 1.0% from the prior-year quarter. Management said the result came in at the top end of its guidance range, helped by software growth and continued growth in global services.

F5 reported fiscal 2024 second quarter revenue of $681.35 million, down 3.1% from the prior-year quarter. Year-to-date revenue was $1.37 billion, down 2.1%. The CEO said revenue landed near the midpoint of guidance and earnings per share at the high end.

F5 traded top-line growth for profitability in its first quarter of fiscal 2024. Revenue for the quarter ended December 31, 2023 was $692.6 million, down 1.1% from $700.4 million in the prior-year quarter. The mix shifted underneath that headline.

F5 closed fiscal 2023 with fourth-quarter revenue of $706.97 million, up 1.0% from the prior-year quarter. Full-year revenue reached $2.81 billion, up 4.4%. The mix was uneven. Management pointed to software revenue growth and a decline in systems revenue, while services revenue grew.

F5 reported fiscal 2023 third quarter revenue of $702.64 million, up 4.2% from the prior-year quarter. Gross profit was $560.96 million, up 3.2%, while gross margin slipped to 79.8%, down 0.8 percentage points from the prior-year quarter.

F5 reported fiscal 2023 second quarter revenue of $703 million, up 10.9% from the prior-year quarter. GAAP net income was $81 million, or $1.34 per diluted share, up 44.8% and 45.7% respectively.

F5 reported first-quarter fiscal 2023 revenue of $700.38 million, up 1.9% from $687.10 million in the prior-year quarter. The company said services revenue grew while product revenue declined, reflecting a mix shift toward subscriptions and maintenance. Software revenue grew while systems revenue declined.

F5 closed fiscal 2022 with fourth-quarter revenue of $700.0 million, up 2.6% from the prior-year quarter. Full-year revenue reached $2.70 billion, up 3.6%. Gross profit was $552.6 million in the quarter and $2.16 billion for the year, essentially flat in the quarter and up 2.2% for the year.

F5's fiscal third quarter of 2022 revenue rose 3.5% to $674.5 million from $651.5 million in the prior-year quarter. Year-to-date revenue reached $2.00 billion, up 3.9% from $1.92 billion. The top line benefited from a 38% increase in software revenue and a 2% rise in global services revenue.

F5 reported fiscal second quarter revenue of $634.2 million, down 1.7% from the prior-year quarter. Gross profit was $507.9 million, down 1.7%. Gross margin was 80.1%, flat with the prior-year quarter. Operating income rose 39.5% to $74.6 million. Operating margin was 11.8%, up 3.5 percentage points.

F5's fiscal first quarter ended December 31, 2021, produced revenue of $687.1 million, up 10.0% from the prior-year quarter. Gross profit rose 8.3% to $552.0 million. Operating income fell 3.1% to $114.15 million. Net income increased 6.7% to $93.56 million. Diluted EPS was $1.51, up 7.1%.

F5 closed fiscal 2021 with fourth-quarter revenue of $682.0 million, up 10.9% from the prior-year quarter. Full-year revenue was $2.60 billion, up 10.7% from fiscal 2020. The product mix continued to shift toward software.

F5 Networks reported fiscal 2021 third quarter revenue of $651.5 million, up 11.7% from the prior-year quarter. Gross profit was $530.6 million, up 11.2%. Operating income was $96.4 million, up 10.0%. Net income was $89.6 million, up 28.2%. Diluted EPS was $1.46, up 28.1%.

F5 Networks reported GAAP revenue of $645.3 million for its fiscal 2021 second quarter, up 10.6% from the prior-year quarter. GAAP gross profit rose 7.2% to $516.7 million. Gross margin was 80.1%, down 2.6 percentage points.

F5 closed the December 2020 quarter with revenue of $624.6 million, up 9.7% from $569.3 million in the prior-year quarter. The top line was not the problem. Profitability was.