F5 beats Q2 revenue estimates, raises 2026 revenue growth forecast

F5

28/04/2026 21:20

Overview

US application security platform's fiscal Q2 revenue grew 11%, beating analyst expectations

Adjusted EPS for fiscal Q2 beat consensus

Company raised full-year revenue and adjusted EPS guidance

Outlook

F5 raises FY2026 revenue growth outlook to 7%-8% from 5%-6% previously

F5 expects FY2026 non-GAAP EPS of $16.25-$16.55, up from $15.65-$16.05 previously

F5 guides Q3 FY2026 revenue to $820 mln-$840 mln and non-GAAP EPS to $3.91-$4.03

Result Drivers

PRODUCT REVENUE - Co said 22% product revenue growth drove overall Q2 revenue gains

STRUCTURAL DEMAND DRIVERS - Co attributed rising demand to hybrid multicloud adoption, expanding cybersecurity threats, and inflection in AI inference

SEGMENT PERFORMANCE - Systems revenue grew 26% and software revenue grew 17%, supporting overall product growth

Company press release: ID:nBw664bfca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$812 mln
$779.38 mln (11 Analysts)
Q2 Adjusted EPS
Beat
$3.90
$3.44 (11 Analysts)
Q2 EPS
$2.58


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy."

Wall Street's median 12-month price target for F5 Inc is $320.00, about 7.5% above its April 27 closing price of $297.72

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)