F5 reports strong Q3 and annual financial results
Net revenues reached $810 million for the quarter. Non-GAAP net income per share rose to $4.39, up from $2.80 in the prior year period.
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Multicloud application delivery and security platform
f5.comLast updated
In short: F5 patched a critical BIG-IP zero-day, expanded AI security partnerships, and prepared Q4 earnings.
Net revenues reached $810 million for the quarter. Non-GAAP net income per share rose to $4.39, up from $2.80 in the prior year period.
The company shows net revenues of $780,370 thousand in Q2. GAAP net income rises to $189,912 thousand. Diluted EPS reaches $3.25.
Net income reached $144.1 million for the three months ended June 30, 2024, compared to $89.0 million in the prior year period.
The company achieved $138.4 million in net income, up from $72.4 million, with net revenues reaching $692.6 million.
Investors punish F5 stock as concerns over expensive AI infrastructure investments weigh heavily on the tech sector and company valuations.
F5 beat Wall Street on both revenue and earnings and still watched 20% of its value vanish overnight, and Fortinet repeated the same pattern a...
F5's Q4 revenue grew 13% year-over-year, driven by double-digit growth in systems and software. Full-year revenue also rose 11% to $3.42 billion, while AI-related orders expanded more than threefold year-over-year to over $100 million. Security demand and AI inference are supporting growth, with revenue growth for fiscal year 2027 projected at 8%–9%. On the other hand, concerns have been raised about the expected decline in non-GAAP gross margin and uncertainties such as supply chain issues, cybersecurity risks, and geopolitical factors. The company is also continuing its aggressive share buyback program...
In the current first quarter F5 expects adjusted earnings per share of $4.25 to $4.37, and revenue of $875 million to $895 million. Analysts polled...
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