NASDAQ$FFIV
F5 Networks Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
F5's Q4 2022 financial results were announced with a 3% revenue increase and GAAP EPS of $1.49.
F5 reported a 3% increase in revenue for the fourth quarter of fiscal year 2022, reaching $700 million. GAAP net income was $89 million, or $1.49 per diluted share, while non-GAAP net income was $158 million, or $2.62 per diluted share.
- Q4 revenue grew by 3% year-over-year to $700 million.
- Product revenue increased by 3%, driven by 13% software revenue growth.
- GAAP net income was $89 million, or $1.49 per diluted share.
- Non-GAAP net income reached $158 million, or $2.62 per diluted share.
Headline financials
Revenue & EPS history
F5 · Revenue · Quarterly
$700M
Revenue by segment
F5 · $350M total across 1 segment · Q4 2022
- Services$350M+2.3%100.0%
Forward guidance
F5 expects to deliver fiscal year 2023 revenue growth of 9% to 11% and non-GAAP earnings growth in the low-to-mid teens. For the first quarter of fiscal year 2023, F5 expects revenue in the range of $690 million to $710 million, with non-GAAP earnings in the range of $2.25 to $2.37 per diluted share.
Tailwinds
- Component availability is improving.
- Expect fiscal year 2023 revenue growth of 9% to 11%.
- Expect non-GAAP earnings growth in the low-to-mid teens in fiscal year 2023.
- Q1 2023 revenue is expected to be between $690 million and $710 million.
- Q1 2023 non-GAAP earnings are expected to be between $2.25 and $2.37 per diluted share.
Headwinds
- Business is likely to bear some weight from macroeconomic headwinds.
- Forward-looking non-GAAP measures exclude estimates for several items, including amortization of intangible assets and share-based compensation expenses.
- F5 is unable to provide a reconciliation of non-GAAP earnings guidance measures to corresponding GAAP measures on a forward-looking basis without unreasonable effort.
- Material changes to any one of the excluded items could have a significant effect on guidance and future GAAP results.
- Certain exclusions, such as amortization of intangible assets and share-based compensation expenses, are generally incurred each quarter, but the amounts have historically varied and may continue to vary significantly from quarter to quarter.
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 Q4 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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