FFIV · 10-Q · 2026Q2 · Full report

Systems and Software Growth

F5, INC. · 2026-08-06 · Importance 64 · Surprise 56

Systems revenue increased 32.4% year over year to $239.5 million in the quarter ended June 30, 2026 and 31.6% to $684.3 million for the nine-month period. Software revenue increased 7.4% to $223.3 million in the quarter and 4.3% to $599.4 million year to date. Systems represented 51.8% of quarterly product revenue and 53.3% of nine-month product revenue, up from 46.5% and 47.5%, respectively. Management attributed systems growth primarily to increased customer demand and software growth primarily to increased subscription sales.

Key facts

• Systems revenue for the three months ended June 30, 2026: $239,519 (in thousands). source
• Software revenue for the three months ended June 30, 2026: $223,310 (in thousands). source
• Total systems revenue increased 32.4% for the three months ended June 30, 2026 from the comparable period in the prior year. source
• Total systems revenue increased 31.6% for the nine months ended June 30, 2026 from the comparable period in the prior year. source
• Total software revenue increased 7.4% for the three months ended June 30, 2026 from the comparable period in the prior year. source
• Total software revenue increased 4.3% for the nine months ended June 30, 2026 from the comparable period in the prior year. source