F5 Reports Fourth Quarter Results with 23% Product Revenue Growth
F5 reported Q4 FY2026 revenue of $917 million, up 13% year-over-year, powered by 23% product revenue growth — its ninth consecutive quarter of double-digit product growth. Non-GAAP EPS came in at $4.42 versus $4.39 a year ago; GAAP EPS of $3.23 was slightly below the prior year's $3.26. Full-year FY2026 revenue was $3.42 billion, up 11%. The board authorized an additional $1.5 billion for share repurchases on top of $322 million remaining, and management guided FY27 revenue growth of 8-9% with non-GAAP EPS of $18.00-$18.30.
Key figures
- Eps
- 4.42
- Revenue
- 917427000
- Guidance
- FY27 revenue growth 8-9%; FY27 non-GAAP EPS $18.00-$18.30; Q1 FY27 revenue $875M-$895M with non-GAAP EPS $4.25-$4.37
- Revenue Yoy
- 13%
- Gaap eps q4
- 3.23
- Fy26 revenue
- 3417000000
- Non gaap eps q4
- 4.42
- Gaap net income q4
- 186000000
- Product revenue q4
- 510000000
- Systems revenue q4
- 239000000
- Fy26 revenue growth
- 11%
- Services revenue q4
- 408000000
- Software revenue q4
- 271000000
- Gross margin gaap q4
- 82.2%
- Buyback authorization
- 1500000000
- Operating cash flow fy26
- 959489000
- Product revenue growth q4
- 23%
- Non gaap operating margin q4
- 33.7%
AI analysis
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