FFIV · 10-Q · 2026Q2 · Full report

Revenue Concentration Risk

F5, INC. · 2026-08-06 · Importance 37 · Surprise 6 · In source text

Customer A represented 16.4% of total quarterly revenue and 17.2% of nine-month revenue for the periods ended June 30, 2026. Customer B represented 18.4% of quarterly revenue and 23.1% of nine-month revenue in the same periods. Customer A and Customer B were both distributor customers, and no end-user customer exceeded 10% of total net revenue. Customer B also represented 14.9% of receivables at June 30, 2026, while Customer A represented 11.5%.

Key facts

• Distributor Customer A accounted for 16.4% of total net revenue for the three months ended June 30, 2026. source
• Distributor Customer B accounted for 18.4% of total net revenue for the three months ended June 30, 2026. source
• Customer A accounted for 11.5% of total receivables as of June 30, 2026. source
• Customer B accounted for 14.9% of total receivables as of June 30, 2026. source
• Customer C accounted for 10.0% of total receivables as of June 30, 2026. source
• Customer D accounted for 10.1% of total receivables as of June 30, 2026. source
• No end-user customers accounted for more than 10% of total net revenue or receivables as of the filing. source

Impact estimates