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Sep 30
F5 Q4 2025 Earnings Report
F5 reported solid fourth quarter results with revenue and earnings growth driven by strong systems sales.
Key Takeaways
F5 delivered an 8% revenue increase in Q4 2025, with strong gains in systems revenue and improved margins. EPS and non-GAAP EPS both saw notable year-over-year growth.
Revenue reached $810 million, up from $747 million last year.
GAAP EPS rose to $3.26 from $2.80, while non-GAAP EPS climbed to $4.39.
Systems revenue grew 42% year-over-year.
GAAP and non-GAAP operating margins remained strong at 25.4% and 37.0%, respectively.
F5
F5
F5 Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
F5 anticipates mid-single-digit revenue growth in FY26, with temporary sales disruptions expected due to the recent security incident.
Positive Outlook
- Hybrid multicloud and AI infrastructure trends driving demand
- Strong product pipeline supports growth potential
- Company well-positioned in application security and delivery
- Leadership transition planned with continuity in vision
- Operating margin guidance remains strong despite disruptions
Challenges Ahead
- Security incident expected to cause near-term disruption in sales cycles
- Revenue growth forecast reduced to 0%–4% for FY26
- Potential pressure on short-term operating margins
- Customer focus temporarily shifting to environment remediation
- Impact of incident expected to be more pronounced in 1H FY26
Revenue & Expenses
Visualization of income flow from segment revenue to net income