NASDAQ$FFIV

F5 Networks Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Delivered 10% revenue growth in its first quarter fiscal year 2021.

F5 Networks announced its financial results for the first quarter of fiscal year 2021, with revenue growth driven by software, systems, and global services.

  • GAAP revenue was $625 million, up from $569 million in the first quarter of fiscal year 2020.
  • Non-GAAP revenue was $626 million, up from $569 million in the year ago period.
  • GAAP net income was $88 million, or $1.41 per diluted share compared to first quarter fiscal year 2020 GAAP net income of $99 million, or $1.62 per diluted share.
  • Non-GAAP net income was $161 million, or $2.59 per diluted share, compared to $155 million, or $2.55 per diluted share, in the first quarter of fiscal year 2020.

Headline financials

Total Revenue

$625M

Previous: $569M+9.7%
EPS (adj)

$2.59

Previous: $2.55+1.6%
Capital Expenditures

-$4.7M

Previous: -$22.3M+78.9%
Free Cash Flow

$83M

Previous: $76.2M+8.9%
Net Income

$87.7M

Previous: $98.5M-11.0%
Operating Income

$118M

Previous: $122M-3.7%
Gross Profit

$510M

Previous: $481M+6.0%
Cash & Equivalents

$1.03B

Previous: $735M+39.6%
Total Assets

$4.9B

Previous: $3.88B+26.4%
Stock-Based Comp

$58.1M

Previous: $47.7M+21.8%

Revenue & EPS history

F5 · Revenue · Quarterly

$625M

Q1 2021+9.7%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

F5 · $337M total across 1 segment · Q1 2021

  • Services
    $337M+0.5%

Forward guidance

For the second quarter of fiscal year 2021 ending March 31, 2021, F5 expects to deliver revenue in the range of $625 million to $645 million with non-GAAP earnings in the range of $2.32 to $2.44 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.3%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+2.0%

Avg return

30 days after

59%

40 / 68 earnings

Positive

+13.1%

Q3 2024

Best reaction

-16.7%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+7.0%+8.6%+26.1%
Q1 2026-4.3%+3.8%+0.3%
Q4 2025-7.7%-12.9%-18.0%
Q2 2025-0.9%+1.4%+5.9%
Q1 2025+11.4%+9.4%+8.4%
Q4 2024+10.8%+7.1%+15.3%
Q3 2024+13.1%+8.3%+12.2%
Q2 2024-9.1%-8.8%-7.5%
Q1 2024+1.7%+0.9%+1.1%
Q4 2023+3.6%+2.3%+14.1%
Q3 2023+6.8%+4.8%+6.4%
Q2 2023-6.1%-6.5%-0.3%
Q1 2023-1.5%+0.0%-2.8%
Q4 2022-4.2%-2.2%+4.8%
Q3 2022+3.5%+8.7%+7.1%
Q2 2022-16.7%-17.5%-20.0%
Q1 2022-10.7%-12.0%-12.5%
Q4 2021+3.7%+1.4%+11.4%
Q3 2021+6.4%+7.5%+7.1%
Q2 2021-11.4%-11.4%-11.2%
Q1 2021-2.9%-5.5%-8.3%
Q4 2020+6.2%+3.6%+28.3%
Q3 2020-9.4%-10.8%-12.2%
Q2 2020+10.6%+6.3%+14.1%
Q1 2020-7.2%-10.1%-6.9%
Q4 2019+4.9%+2.8%+2.7%
Q3 2019+0.0%+3.1%-15.7%
Q2 2019-0.9%-3.0%-16.5%
Q1 2019-0.8%+0.9%+9.4%
Q4 2018+1.6%-0.1%-0.4%
Q3 2018+2.7%-1.4%+8.8%
Q2 2018+0.8%+3.8%+11.2%
Q1 2018-5.4%-2.6%+3.3%
Q4 2017+4.1%+0.4%+3.4%
Q3 2017-7.0%-5.7%-8.1%
Q2 2017-8.1%-7.8%-8.0%
Q1 2017-7.2%-6.6%+0.2%
Q4 2016+11.7%+17.9%+22.9%
Q3 2016+1.0%+2.6%+3.0%
Q2 2016+7.1%
Q1 2016-4.3%
Q4 2015-8.5%
Q3 2015+8.0%
Q2 2015+2.9%
Q1 2015-10.2%
Q4 2014+1.3%
Q3 2014+1.0%
Q2 2014-3.0%
Q1 2014+4.4%
Q4 2013-6.1%
Q3 2013+9.2%
Q2 2013+3.5%
Q1 2013+6.8%
Q4 2012-13.1%
Q3 2012+12.0%
Q2 2012+8.3%
Q1 2012+12.9%
Q4 2011-3.1%
Q3 2011-13.0%
Q2 2011+2.9%
Q1 2010-0.1%
Q1 2011+1.5%
Q4 2008+0.5%
Q2 2010+0.5%
Q4 2010+0.5%
Q4 2009+2.8%
Q3 2009+2.8%
Q3 2010+2.8%

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