FFIV · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

F5, INC. · 2026-08-06 · Importance 54 · Surprise 40 · In source text

Total net revenue increased to $865.1 million in the three months ended June 30, 2026, up 10.9% from $780.4 million, and reached $2.499 billion for the nine months, up 9.7% from $2.278 billion. Product revenue rose 19.0% year over year to $462.8 million in the quarter and 17.3% to $1.284 billion year to date, driven by higher systems and software revenue. Service revenue increased 2.7% year over year to $402.2 million in the quarter and $1.216 billion year to date, primarily from increased maintenance-contract sales. Products increased to 53.5% of quarterly revenue and 51.4% of nine-month revenue, while services declined to 46.5% and 48.6%, respectively.

Key facts

• Total net revenues for the three months ended June 30, 2026: $865,077 (in thousands). source
• Total net revenues for the nine months ended June 30, 2026: $2,499,242 (in thousands). source
• Net product revenues for the three months ended June 30, 2026: $462,829 (in thousands). source
• Net service revenues for the three months ended June 30, 2026: $402,248 (in thousands). source
• Net income for the three months ended June 30, 2026: $208,208 (in thousands). source
• The increase in deferred revenue was primarily due to an increase in maintenance contracts related to strong systems shipments and an increase in deferred revenue associated with subscription offerings. source
• Net product revenues increased 19.0% for the three months ended June 30, 2026 from the comparable period in the prior year. source
• Net product revenues increased 17.3% for the nine months ended June 30, 2026 from the comparable period in the prior year. source

Impact estimates