F5, Inc. (FFIV) Earnings Call Transcripts
F5, Inc.'s Latest Earnings Call - Q4 FY2026
F5, Inc. reported strong fourth quarter results for fiscal year 2026, with revenue of $917 million, up 13% year-over-year, and earnings per share of $3.23, exceeding the top end of guidance. The company achieved product revenue growth of 23%, marking nine consecutive quarters of double-digit growth. For fiscal year 2027, F5 expects revenue growth of 8% to 9%, indicating continued momentum driven by hybrid multi-cloud adoption and AI-related demand.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $917 million (beat) |
| Product Revenue | $510 million |
| Earnings Per Share (EPS) | $3.23 |
| Operating Margin | 23.1% |
| Free Cash Flow | $91 million |
| Deferred Revenue | $2.2 billion |
Guidance from management
F5 expects FY '27 revenue growth of 8% to 9%, with non-GAAP gross margin projected between 80.5% to 82.5%. Non-GAAP EPS is anticipated to be in the range of $18 to $18.30.
What management said
Yes. In general, we've had a program where we revisit pricing on an annual basis to capture the value of the innovation and adjust to any cost component pressures that we're seeing. That's still our philosophy from time to time, if we see an acceleration in costs, we may make an off-cycle adjustment, but our plans right now would be to stick to an annual cadence with price increases.
Thank you Connor. Appreciate it. Apologies if there's going to be technical difficulties. We'll definitely look into it with the provider here. But if those of you that weren't able to ask questions, need anything to follow-up, please reach out to me directly. Broadly, thank you all for joining us today. We look forward to seeing you during the quarter. We'll be at several conferences. Thanks so much for your time to...
What analysts pressed on
Analysts expressed concerns regarding the increased operating expenses and the potential impact on margins. Questions were raised about the sustainability of operating leverage and the need for continued investment in sales and marketing to capture growth opportunities in AI security.
Main topics on the call
- Revenue Growth Acceleration — F5's Q4 revenue reached $917 million, reflecting a 13% year-over-year increase and surpassing guidance. CEO Francois Locoh-Donou noted, "that top line performance was powered by product revenue growth of 23%".
- Strong Product Demand — The company reported nine consecutive quarters of double-digit product revenue growth, indicating strong customer preference. Locoh-Donou stated, "customers are choosing F5 consistently and at scale."
- AI-Powered Solutions Growth — F5's AI-powered WAF capabilities saw significant adoption, with over 300 customers deploying them. Locoh-Donou highlighted that "more than 75% of these deployments are operating in blocking mode," showcasing customer tru...
- Fiscal Year 2027 Guidance — F5 guided for FY '27 revenue growth of 8% to 9%, with expectations for continued double-digit product revenue growth. Cooper Werner emphasized, "we expect to deliver solid double-digit software growth for the year."
Read the full F5, Inc. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About F5, Inc.
F5, Inc. (FFIV) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 85 calls on record spanning January 27, 2020 to October 27, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 85 F5, Inc. earnings call transcripts on record, spanning January 27, 2020 to October 27, 2026. Based on this history, F5, Inc. reports quarterly. The most recent call on file is dated October 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- FFIV
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 85
- First call
- January 27, 2020
- Most recent
- October 27, 2026
- Reporting cadence
- quarterly