NASDAQ$FFIV
F5 Networks Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a strong software revenue growth and delivered above the midpoint of revenue guidance.
F5, Inc. announced its fiscal second quarter results with a revenue of $634 million, a 2% decrease compared to the year-ago period. Software revenue grew by 40%, while systems revenue declined by 27% due to semiconductor component shortages. The company's GAAP net income was $56 million, or $0.92 per diluted share, compared to $43 million, or $0.70 per diluted share in the previous year. Non-GAAP net income was $131 million, or $2.13 per diluted share, compared to $155 million, or $2.50 per diluted share in the previous year.
- Software revenue increased 40% year-over-year.
- Second quarter revenue was $634 million, down 2% from the year-ago period.
- GAAP net income was $56 million, or $0.92 per diluted share.
- Non-GAAP net income was $131 million, or $2.13 per diluted share.
Headline financials
Revenue & EPS history
F5 · Revenue · Quarterly
$634M
Revenue by segment
F5 · $337M total across 1 segment · Q2 2022
- Services$337M+0.2%100.0%
Forward guidance
F5 expects fiscal year 2022 revenue growth in a range of 1.5% to 4%, and continues to expect fiscal year 2022 software revenue growth near the top end of its previously provided 35% to 40% guidance range. For fiscal third quarter, the company expects revenue in a range of $660 to $680 million.
Tailwinds
- Clear visibility to continuing strong demand drivers across software and systems portfolio.
- Continue to work every possible angle to expand supply availability to match the demand.
- Expecting fiscal year 2022 software revenue growth near the top end of its previously provided 35% to 40% guidance range.
Headwinds
- Ability to ship to meet demand for systems-based solutions is gated by ongoing component shortages.
- Fiscal year 2022 revenue growth expected in a range of 1.5% to 4%, down from its prior outlook for 4.5% to 8% growth.
- Supply chain constraints are restricting the ability to meet customers’ demand for systems.
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 2022
+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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