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Mar 31
F5 Q2 2025 Earnings Report
F5 delivered strong Q2 results with solid revenue growth and higher profitability.
Key Takeaways
F5 achieved 7% revenue growth driven by strong systems demand and innovations in hybrid multicloud and AI security solutions.
Revenue grew 7% year-over-year to $731 million.
GAAP EPS reached $2.48; Non-GAAP EPS rose to $3.42.
Net income increased to $146 million, up from $119 million a year ago.
Systems revenue surged 27% year-over-year while software revenue remained flat.
F5
F5
F5 Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
F5 expects continued growth driven by a strong subscription software renewal base and robust systems demand.
Positive Outlook
- Projected Q3 revenue of $740M to $760M.
- Midpoint of Q3 revenue guidance implies 8% annual growth.
- Raised full-year 2025 revenue growth guidance to 6.5%-7.5%.
- Raised non-GAAP EPS growth guidance to 8%-10%.
- Expect strong contribution from subscription renewals and systems demand.
Challenges Ahead
- Software revenue growth was flat in Q2.
- Global economic uncertainty could impact IT spending.
- Supply chain disruptions could still pose risks.
- Competitive pressures in the cybersecurity and multicloud markets remain high.
- Potential variability from future acquisitions or restructuring activities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income