NASDAQ$FFIV
F5 Networks Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Delivered second consecutive quarter of double-digit revenue growth with 19% GAAP and 18% Non-GAAP product revenue growth.
F5's Q2 FY21 shows strong financial performance with an 11% increase in GAAP revenue, driven by significant growth in product revenue, particularly in software and systems. The company is benefiting from the increasing reliance on applications and the acceleration of digital transformation.
- GAAP revenue was $645 million, up 11% year-over-year.
- Non-GAAP product revenue grew by 18%, fueled by 20% software revenue growth and 17% systems revenue growth.
- GAAP net income was $43 million, or $0.70 per diluted share.
- Non-GAAP net income was $155 million, or $2.50 per diluted share.
Headline financials
Revenue & EPS history
F5 · Revenue · Quarterly
$645M
Revenue by segment
F5 · $336M total across 1 segment · Q2 2021
- Services$336M+3.8%100.0%
Forward guidance
For the third quarter of fiscal year 2021 ending June 30, 2021, F5 expects to deliver revenue in the range of $620 million to $650 million, with non-GAAP earnings in the range of $2.36 to $2.54 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 Q2 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
| Quarter | Report date | Reaction (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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