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F5 Surges After Q1 Beat as Company Lifts 2026 Outlook

Management credited demand for hybrid multicloud alongside enterprise AI as the quarter’s key tailwinds.

Overview

  • F5 posted Q1 fiscal 2026 earnings of $4.45 per share on revenue of $822.47 million, topping consensus estimates of $3.65 and $758.08 million.
  • Full-year guidance increased to adjusted EPS of $15.65 to $16.05 and revenue of $3.24 billion to $3.27 billion, both above prior analyst forecasts.
  • Revenue mix shifted as systems rose 37% to $218 million, software fell 8% to $192 million, and global services grew 4% to $412 million.
  • The company reported non-GAAP gross profit of $689 million, reflecting an 83.8% non-GAAP gross margin for the quarter.
  • Shares jumped 13.76% after hours to $307.65 and were up 10.9% premarket to $299.99 after the beat and issuance of Q2 sales guidance above estimates.