By Amira McKee

F5 raised its forecast the current fiscal year after it logged higher profit and revenue in the first quarter, boosted by a double-digit increase in product sales.

The multi-cloud software company said Tuesday it now expects 2026 revenue to grow 5% to 6%, up from its prior outlook of unchanged to 4%. Adjusted earnings per share are expected to be $15.65 to $16.05, up from $14.50 to $15.50.

Analysts polled by FactSet are expecting revenue of $3.15 billion, which would represent growth of 2%, and adjusted earnings of $15.13 per share.

For the second quarter, F5 forecast revenue of $770 million to $790 million, with adjusted earnings per share of $3.34 to $3.46. Wall Street is forecasting revenue of $748.3 million and adjusted earnings of $3.38.

F5's revised guidance was included in its results for the first quarter that were released after the bell. For the three-months ended Dec. 31, the company had a profit of $180.1 million, or $3.10 per share, compared with $166.4 million, or $2.82 per share, a year earlier.

Adjusting earnings were $4.45 per share. Analysts polled by FactSet were expecting $3.66.

Revenue grew around 7% to $822.5 million, beating the $758.1 million Wall Street forecast, according to FactSet.

Systems revenue climbed 37% to $218 million, and global services unit revenue rose 4% to $412 million from the prior year. Software revenue was down 8% to $192 million.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

January 27, 2026 17:49 ET (22:49 GMT)

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