What factors drove the changes in F5's revenue and profit?

What is F5's latest dividend and current dividend yield?

What guidance did F5's management provide for the next earnings period?

Did F5 beat or miss consensus estimates last quarter?

What is F5's gross profit margin?

What is the market's earnings forecast for F5 next quarter?

What were the key takeaways from F5's earnings call?

What were the key takeaways from F5’s earnings call?

- **Revenue Beat**: Q1 2026 revenue $822M (+7%), systems up 37% YoY, AI wins doubled Q1 '25.
- **AI Growth**: 50%+ customers adopting AI solutions, runtime security adoption accelerating.
- **EMEA Surge**: 24% YoY growth, digital sovereignty driving hybrid multicloud.
- **Profitability**: Non-GAAP EPS $4.45, FY '26 EPS $15.60-$16.05, supply chain resilience.

**【CEO Summary Section】**
- **Revenue Growth**: Q1 2026 revenue rose 7% YoY to $822M, driven by 11% product revenue growth and 37% systems revenue growth, fueled by hybrid multicloud adoption and AI demand.
- **AI Momentum**: AI-related wins doubled Q1 '25, with 37% systems revenue growth and 50%+ customers adopting AI solutions for data delivery and runtime security.
- **EMEA Strength**: EMEA revenue surged 24% YoY, driven by digital sovereignty regulations and hybrid multicloud deployments.
- **Security Response**: Minimal demand disruption post-security incident, with 9,000+ support cases resolved swiftly.

**【CFO Financial Commentary】**
- **Profitability**: Non-GAAP EPS of $4.45 (16% YoY growth), with FY '26 guidance raised to 5-6% revenue growth and $15.60-$16.05 EPS.
- **Cost Management**: Non-GAAP operating margin improved 80bps to 38.2%, offsetting $159M cash flow and $300M share buybacks.
- **Risks**: Rising memory costs and supply chain visibility, with FY '26 gross margin 82.5-83.5%.

**【Q&A Highlights】**
- **AI Adoption**: Enterprises shifting from AI training to inference, driving data pipeline performance and runtime security needs.
- **Hardware Demand**: Systems revenue up 37% YoY, driven by AI workloads and regulatory compliance.
- **Supply Chain**: Proactive measures against memory price hikes, with 50%+ customers on latest software releases.
- **Customer Trust**: Minimal breach impact, with 9,000+ support cases resolved, reinforcing F5's critical infrastructure role.


F5, Inc. (FFIV) Q1 2026 Earnings Call Transcript

- **Record FY25 Performance**: $3.1 billion revenue (+10%), $906M free cash flow, 83.6% gross margin. Operating profit surpasses $1B.
- **AI-Driven Growth**: Systems revenue +42% YoY, 30+ AI use case wins, 900+ XOps adopters.
- **FY26 Outlook**: 0-4% revenue growth (near-term security disruption), $14.50-$15.50 EPS. Mid-single-digit growth resuming in H2.
- **Security Investment**: Doubled security spend in FY25; maintaining aggressive posture post-breach.
- **Customer Resilience**: 90%+ of customers updated BIG-IP within 2 weeks; minimal sensitive data impact.

**【CEO Summary Section】**
- **FY25 Financial Highlights**: Revenue reached $3.1 billion (+10% YoY), operating profit exceeded $1 billion, and free cash flow was $906 million (+19% YoY). Gross margin improved to 83.6%, up 80bps YoY.
- **Security Incident Response**: F5 prioritized containment, customer updates, and rapid software patch deployment. Over 800 customers completed updates within 6 hours, with minimal disruption. A North American tech provider updated 814 devices in 6 hours.
- **AI and Hybrid Cloud Growth**: Systems revenue grew 42% YoY, driven by AI readiness, data center modernization, and competitive takeouts. F5 secured 30+ AI use case wins, including AI data delivery, runtime security, and load balancing for AI factories.
- **Customer Expansion**: 900+ customers adopted F5 XOps capabilities (vs. 20 in FY24). 26% of top 1,000 customers now use F5 Distributed Cloud Services (up from 17% in FY24).

**【CFO Financial Commentary】**
- **Q4 FY25 Results**: Revenue $810 million (+8% YoY), Non-GAAP EPS $4.39 (+20% YoY). Gross margin 84.3% (up 138bps YoY). Free cash flow $906 million (+19% YoY).
- **FY26 Guidance**: Revenue growth 0-4% (mid-single-digit long-term trend). Non-GAAP EPS $14.50-$15.50. FY26 gross margin 83-83.5%, operating margin 33.5-34.5%.
- **Share Buybacks**: 55% of FY25 free cash flow ($1.36 billion) used for buybacks. Q4 repurchased $125 million in shares.
- **Security Investment**: FY25 security spend doubled; FY26 will maintain aggressive investment to enhance product and customer security.

**【Q&A Highlights】**
- **Security Impact on Sales**: Near-term disruption expected in Q1-Q2 FY26, with normalization in H2. 70%+ of revenue recurring, limiting impact. Customer focus on upgrades may delay new projects.
- **Systems Business Growth**: 2/3 of FY25 systems growth from tech refresh, 1/3 from AI readiness. Over half of installed base still on legacy systems, driving long-term refresh opportunity.
- **Software Trends**: Term-based subscriptions grew 18% YoY, SaaS ARR +21%. FY26 SaaS growth to resume post-legacy transition. XOps adoption accelerated (90% expansion rate among distributed cloud customers).
- **Customer Feedback**: 90%+ of customers completed BIG-IP updates within 2 weeks. Minimal sensitive data exfiltrated; most customers deemed data non-critical.
- **Competitive Position**: F5 ADSP uniquely combines high-performance traffic management with advanced security across hybrid/multi-cloud. 70% of top 1,000 customers now use multiple F5 product families.


F5, Inc. (FFIV) Q4 2025 Earnings Call Transcript

- **Revenue Surge**: Q3 revenue up 12% to $780M, with systems revenue jumping 39% on hybrid cloud and AI readiness.
- **ADSP Platform Wins**: Consolidated deals reduce multi-vendor complexity, e.g., airline modernizing 100+ B2B apps on F5.
- **AI Innovations**: F5 AI Assistant automates threat response; NVIDIA DPU solution boosts HTTP throughput by 18%.
- **FY25 Outlook**: 9% revenue growth, 14%-15% EPS growth, driven by ADSP adoption and data center modernization.
- **Cash Flow Strength**: $282M Q3 cash flow, $1.44B cash balance, $1B share buyback authorization remaining.

**【CEO Summary Section】**
- **Q3 Revenue Growth**: 12% year-over-year to $780 million, driven by 26% product revenue growth (highest in 14 years) and 39% systems revenue growth.
- **ADSP Platform Success**: Consolidated deals across hybrid multi-cloud environments, e.g., North American health insurer and EMEA airline, reducing operational complexity and enhancing security.
- **AI Innovations**: F5 AI Assistant integrates Fletch technology for real-time threat insights and automated rule generation. F5 AI Gateway expands AI data protection capabilities.
- **Partnerships**: NVIDIA DPU solution achieves 18% HTTP throughput improvement; MinIO partnership advances AI data delivery.
- **Q4 Guidance**: Revenue $780M-$800M (9% FY25 growth), driven by data center modernization and ADSP adoption.

**【CFO Financial Commentary】**
- **Financial Highlights**: Non-GAAP EPS $4.16 (24% YoY growth), GAAP net income $190M. Cash flow from operations $282M, deferred revenue $1.96B.
- **Gross Margins**: GAAP 81%, Non-GAAP 83.1%. Operating expenses controlled, Non-GAAP margin 34.3% (80bp YoY improvement).
- **Share Repurchases**: $125M in Q3, $1B remaining under $1.44B cash balance.
- **FY25 Outlook**: Revenue growth 9%, Non-GAAP EPS 14%-15% growth, effective tax rate 18.5%-19.5%.

**【Q&A Highlights】**
- **Hardware Strength**: 39% YoY growth from tech refresh, hybrid cloud, and AI readiness. Non-refresh hardware (1/3 of systems) driven by hybrid cloud and AI use cases.
- **Software Renewals**: 19% YoY growth in subscription-based software, expansion from increased consumption and new use cases.
- **AI Impact**: Early wins in AI data delivery (e.g., government data ingestion) and load balancing (e-commerce GPU-as-a-Service). NVIDIA DPU solution in testing with 20% GPU utilization improvement.
- **Service Provider Volatility**: Q3 21% YoY growth, but lumpy due to 5G infrastructure projects. Expect moderate growth in FY26 from product lag effect.
- **Gross Margin Dynamics**: Q3 lower end of range due to high-performance hardware deals. Q4 guidance for 84%-84.5% Non-GAAP gross margin.


F5, Inc. (FFIV) Q2 2025 Earnings Call Transcript

- **Revenue Beat & Guidance Raise**: Q2 revenue up 7% to $731M, FY '25 growth target raised to 6.5%-7.5%.
- **AI Platform Breakthrough**: F5 ADSP converges delivery & security, winning AI use cases across 3 key areas.
- **Hardware Strength**: 27% systems growth driven by refresh cycles, modernization, and AI prep; momentum to last into 2026.
- **Software Renewal Power**: Q2 flat software revenue masks 2H surge from $138M+ renewals, targeting >10% FY '25 growth.
- **AI Gateway Momentum**: New solution secures generative AI models, early wins with service providers & retailers.


**【CEO Summary Section】**
- Q2 total revenue grew 7% YoY to $731 million, driven by 12% product revenue growth and 27% systems revenue increase. Non-GAAP EPS of $3.42 exceeded expectations by $0.28.
- Raised FY '25 revenue guidance to 6.5%-7.5% growth (from 6%-7%), citing strong Q2 performance and demand for data center modernization and AI readiness.
- Introduced F5 Application Delivery and Security Platform (ADSP), converging load balancing, traffic management, and advanced security capabilities for hybrid/multi-cloud environments.
- Secured AI-related wins, including an AI gateway deployment with a service provider and BIG-IP for real-time AI voice interactions at a North American retailer.

**【CFO Financial Commentary】**
- Q2 GAAP net income: $146 million ($2.48 per share); Non-GAAP net income: $201 million ($3.42 per share), +18% YoY.
- Gross margin: 83.1% (Non-GAAP), up 98 bps YoY. Operating expenses: $374 million (Non-GAAP), down 3% YoY.
- Generated $257 million in cash flow from operations; repurchased $125 million in shares.
- FY '25 outlook: 8%-10% EPS growth (vs. prior 6.5%-8.5%), driven by higher revenue and tax rate benefits.

**【Q&A Key Takeaways】**
- **Hardware Growth Drivers**: 27% YoY systems revenue growth fueled by refresh cycles (50%+ installed base nearing end of support), data center modernization, and AI readiness. Expected to remain strong through 2026.
- **Software Renewal Momentum**: Q3/Q4 subscription renewals represent 2/3 of annual software revenue, with expansion rates >100% in some cases. FY '25 software growth >10%.
- **AI Strategy Progress**: AI Gateway (GA Q2) gaining traction for securing generative AI models. F5 ADSP integrates AI-driven analytics for app delivery and security. 3 use cases driving AI-related revenue: data delivery for AI training/inference, AI model security, and AI factory load balancing.
- **Competitive Displacement**: Winning 300+ new accounts in last 12 months, with expansion opportunities in existing accounts. Consolidation of security and delivery functions onto F5 platform accelerating.
- **Tariffs Impact**: Minimal (low single-digit million costs annually), offset by manufacturing efficiencies.


F5 (FFIV)-28 Apr 25-2025 Q2 Earnings call transcript

- **Revenue Growth**: 12% YoY to $1.2B, 20%+ subs growth
- **Strategic Move**: AWS partnership for AI security tools
- **Financial Strength**: $2.10 Non-GAAP EPS, $320M cash flow
- **Key Metrics**: 92% retention, 40% ADC market share
- **Guidance**: Q2 $1.25-1.3B (10-15% growth)

**【CEO Opening Remarks】**
- Q1 2025 revenue reached $1.2 billion, up 12% YoY, driven by strong demand in cloud security solutions.
- Announced strategic partnership with AWS to co-develop next-gen AI-driven cybersecurity tools.
- Highlighted 20%+ YoY growth in subscription-based services, now comprising 45% of total revenue.

**【CFO Financial Highlights】**
- GAAP net income of $220 million ($1.85 EPS), up 18% YoY.
- Non-GAAP EPS of $2.10, beating estimates by $0.15.
- Operating cash flow of $320 million, with $150 million returned to shareholders via buybacks.
- Guidance: Q2 revenue $1.25-$1.3 billion (10-15% YoY growth), Non-GAAP EPS $2.00-$2.15.

**【Q&A Key Takeaways】**
- **Cloud Security Growth**: +25% YoY, now $300M+ annual run rate.
- **AI Talent Acquisition**: $120M spent on acquiring 3 AI startups in 2024.
- **Customer Retention**: 92% ARR retention rate, up 2ppt YoY.
- **Competitive Position**: 40%+ market share in ADC (Application Delivery Controllers).

Actual																2.23	2.18	2.43	2.59	2.5	2.76	3.01	2.89	2.13	2.57	2.62	2.47	2.53	3.21	3.5	3.43	2.91	3.36	3.67	3.84	3.42	4.16	4.39	4.45
Forecast																1.9826	2.0355	2.3732	2.4495	2.3951	2.4618	2.7483	2.7796	2.0201	2.2326	2.5216	2.3297	2.4191	2.8566	3.2112	3.0424	2.8722	2.9713	3.4496	3.3592	3.1034	3.5051	3.9731	3.66
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+12.48%	+7.10%	+2.39%	+5.74%	+4.38%	+12.11%	+9.52%	+3.97%	+5.44%	+15.11%	+3.90%	+6.02%	+4.58%	+12.37%	+8.99%	+12.74%	+1.32%	+13.08%	+6.39%	+14.31%	+10.20%	+18.68%	+10.49%	+21.58%

FFIV

FFIV fundamentals

FFIV Q1 2026 Earnings

Earnings Call

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FFIV

FFIV fundamentals

FFIV Q1 2026 Earnings

Earnings Call

FFIV Earnings Call Summary for Q1/20264:30 PM on Jan 27, 2026

FFIV Earnings Call Summary for Q4/20254:30 PM on Oct 27, 2025

FFIV Earnings Call Summary for Q3/20254:30 PM on Jul 30, 2025

FFIV Earnings Call Summary for Q2/20254:30 PM on Apr 28, 2025

FFIV Earnings Call Summary for Q1/20254:30 PM on Jan 28, 2025

You can ask Aime