A10 Networks (ATEN) Q4 2025 Revenue Hits Record $80.36 Million, 2026 EPS Growth Outlook Confirmed.

A10 Networks reported record full-year revenue of $290.56 million and 2026 guidance for revenue growth of 10-12% and faster-growing EPS. The company's investment narrative focuses on its AI and security exposure, with the latest results underscoring the tension between growth and profitability. The reaffirmed quarterly dividend and guidance for EPS to grow faster than revenue suggest a commitment to shareholder returns and margin focus. The shares are potentially undervalued by 22%.