Highlights

  • Net revenues were $865,077 thousand for the three months ended June 30, 2026, and net income was $208,208 thousand.
  • Diluted net income per share was $3.62 for the quarter, compared with $3.25 in the same quarter a year earlier.
  • Systems revenue was $239,519 thousand and software revenue was $223,310 thousand in the third quarter of fiscal 2026.
  • Cash, short-term investments and long-term investments totaled $1,627.8 million as of June 30, 2026, compared with $1,360.0 million at September 30, 2025.

F5, Inc. (NASDAQ: FFIV) shares were trading at USD 458.07 on October 27, 2026, down 0.76%, with a relative volume at time of 2.40. The application delivery and security company was named in a putative securities class action complaint filed on December 19, 2025, acquired a business in fiscal 2026, and reported results for the third quarter of fiscal 2026, the period ended June 30, 2026, in a Form 10-Q filed on August 6, 2026.

F5 is incorporated in Washington and lists its principal executive offices in Seattle, Washington. It provides application delivery and security solutions that enable customers to deploy, operate, secure, optimize and govern applications and APIs on premises, in the cloud and at the network edge. Its offerings include F5 BIG-IP, F5 NGINX and F5 Distributed Cloud Services. It sells primarily through indirect channels in the Americas, EMEA and APAC. Its fiscal year ends September 30.

Third Quarter Fiscal 2026 Results

Net revenues were $865,077 thousand for the three months ended June 30, 2026, compared with $780,370 thousand a year earlier. The company said net product revenues increased 19.0% and net service revenues increased 2.7%.

Systems revenue was $239,519 thousand, compared with $180,855 thousand, and software revenue was $223,310 thousand, compared with $207,983 thousand. The company said systems revenue increased 32.4% and software revenue increased 7.4%.

Gross profit was $711,513 thousand, compared with $631,742 thousand, and gross margin was 82.2%, compared with 81.0%. Operating expenses were $498,246 thousand, compared with $435,425 thousand. The company said general and administrative expenses included professional services costs incurred in response to the Cyber Incident disclosed on October 15, 2025.

Income from operations was $213,267 thousand, compared with $196,317 thousand. Net income was $208,208 thousand, compared with $189,912 thousand. For the nine months ended June 30, 2026, net revenues were $2,499,242 thousand, net income was $536,017 thousand and diluted net income per share was $9.29.

Cash Flow, Capital Returns and Litigation

Cash provided by operating activities was $841.4 million for the nine months ended June 30, 2026. Cash used to acquire a business was $47.6 million. The company paid $501.1 million to repurchase common stock, including excise taxes, and had $422.4 million remaining authorized under its share repurchase program as of June 30, 2026. Deferred revenues were $2.2 billion as of June 30, 2026, compared with $2.0 billion as of September 30, 2025.

On December 19, 2025, a putative class action complaint, Smith v. F5, Inc., et al., was filed in the U.S. District Court for the Western District of Washington on behalf of purchasers of the company's common stock between October 28, 2024 and October 27, 2025. It alleges that the company and certain executives made false or misleading statements regarding the company's cybersecurity capabilities. Two stockholder derivative lawsuits were filed in February 2026. The company said it intends to defend the claims and is unable to estimate any potential amount or range of possible loss.

Outlook and Risk Disclosures

The 10-Q does not provide numerical guidance. The company said that going forward it believes the primary driver of cash flows will continue to be net income from operations, and that it will continue to evaluate possible acquisitions of, or investments in, businesses, products or technologies, which may require the use of cash. It said it anticipates that current cash, cash equivalents and investment balances and anticipated cash flows from operations will be sufficient to meet its liquidity needs.