NASDAQ$FFIV

F5 Networks Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

F5 reported fiscal Q4 2025 revenue of $810M with GAAP net income of $190M and diluted EPS of $3.26.

Fourth-quarter revenue rose 8% year over year to $810 million, driven by 16% product revenue growth including 42% systems growth. GAAP net income was $190 million with diluted EPS of $3.26; non-GAAP EPS was $4.39. Fiscal 2025 revenue grew 10% to $3.09 billion. Management guided fiscal 2026 revenue growth of 0% to 4% amid expected customer remediation activity following a recent security incident.

  • Fiscal Q4 revenue $810M (+8% YoY); GAAP EPS $3.26.
  • Systems revenue +42%; non-GAAP EPS $4.39.
  • FY25 revenue $3.09B (+10%); non-GAAP EPS $15.81.
  • FY26 revenue guide 0% to 4% reflects near-term sales-cycle disruption.

Headline financials

Total Revenue

$810M

Previous: $747M+8.5%
EPS (adj)

$4.39

Previous: $3.67+19.6%
GAAP Gross Margin

82.2%

Previous: 80.8%+1.7%
Non-GAAP Gross Margin

84.3%

Previous: 83.0%+1.6%
GAAP Operating Margin

25.4%

Previous: 25.6%-0.8%
Non-GAAP Operating Margin

37.0%

Previous: 34.4%+7.6%
Net Income

$190M

Previous: $165M+15.2%
Operating Income

$206M

Previous: $191M+7.7%
Gross Profit

$666M

Previous: $603M+10.5%

Revenue & EPS history

F5 · Revenue · Quarterly

$810M

Q4 2025+8.5%vs Q4 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

F5 · $382M total across 1 segment · Q4 2023

  • Services
    $382M+9.0%

Forward guidance

The release discusses F5's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Technology demand and product roadmaps support medium-term growth.
  • F5 cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

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 2025

Historical avgQ4 2025

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro