Systems revenue soared on robust customer demand
Systems revenue increased 32.4% year-over-year, driven by higher customer demand for F5’s hardware and integrated solutions, reflecting the strength of the application delivery market.
F5, INC. is expected to release its Q3 2026 10-Q filing on October 26, 2026, after market close. Last quarter: F5’s Q3 FY2026 revenue rose 10.9% on surging systems demand and subscription growth, but operating margin contracted as R&D and Cyber Incident-related costs escalated.
EPS Estimate
$4.31
Revenue Estimate
$911.89M
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the FFIV page.
Drawn from management commentary in the Q2 2026 10-Q:
Systems revenue increased 32.4% year-over-year, driven by higher customer demand for F5’s hardware and integrated solutions, reflecting the strength of the application delivery market.
Software revenue grew 7.4%, primarily due to increased sales of subscription-based offerings, as customers continued to adopt F5’s SaaS and deployable software models.
Research and development expenses rose 20.8% to $164.7 million, with technology costs up $13.5 million and professional services costs increasing $2.6 million, largely due to the Cyber Incident response.
Revenue
$865.08M
+10.85% YoY
EPS (Diluted)
$3.62
+11.38% YoY
Gross Margin
82.2%
+1.3 pts YoY
Operating Income
$213.27M
+8.63% YoY
Add FFIV to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.