F5, Inc.. (NASDAQ:FFIV) shares climbed in Tuesday's extended trading after the company released its first quarter earnings report, beating estimates on the top and bottom lines.
Here's a look at the key figures from the quarter.
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The Details: F5 reported quarterly earnings of $4.45 per share, which beat the analyst consensus estimate of $3.65 by 21.88%, according to Benzinga Pro.
Quarterly revenue clocked in at $822.47 million, which beat the Street estimate of $758.08 million.
F5 reported the following highlights from the first quarter:
- Systems revenue of $218 million grew 37% from the year-ago period, while software revenue of $192 million was down 8% against strong results in the year-ago period.
- Global services revenue of $412 million grew 4% from the year-ago period.
- Non-GAAP gross profit for the first quarter of fiscal year 2026 was $689 million, representing non-GAAP gross margin of 83.8%.
“Our first quarter revenue of $822 million reflects 7% growth year over year, driven by 11% product revenue growth, including 37% growth in systems revenue,” said François Locoh-Donou, F5 CEO.
“This strong performance underscores F5’s alignment with durable market demand drivers, including the shift to hybrid multicloud architectures, enterprise adoption of AI and the growing need for converged platforms,” Locoh-Donou added.
Outlook: F5 raised its fiscal 2026 adjusted EPS guidance to between $15.65 and $16.05, versus the $15.11 analyst estimate, and raised its fiscal revenue outlook to between $3.24 billion and $3.27 billion, versus the $3.15 billion estimate.
FFIV Stock Price: According to data from Benzinga Pro, F5 stock rose 13.76% to $307.65 in Tuesday's extended trading.
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