F5, Inc. reported financial results for the fourth quarter and fiscal year 2026 ended September 30, 2026. For the fourth quarter of fiscal year 2026, the company reported total revenue of $917 million, representing 13% growth compared to the same period in the prior year. Product revenue for the quarter was $510 million, while systems revenue was $239 million and software revenue was $271 million. Services revenue totaled $408 million.
GAAP gross profit for the quarter was $754 million, resulting in a gross margin of 82.2%. Non-GAAP gross profit was $771 million, with a margin of 84.0%. GAAP income from operations was $212 million, with an operating margin of 23.1%. Non-GAAP income from operations was $309 million, representing a margin of 33.7%. GAAP net income for the quarter was $186 million, or $3.23 per diluted share. Non-GAAP net income was $255 million, or $4.42 per diluted share.
For the full fiscal year 2026, total revenue was $3.417 billion, an increase of 11% compared to fiscal year 2025. The company updated its outlook for fiscal year 2027, guiding for revenue growth of 8% to 9% and non-GAAP earnings per share between $18.00 and $18.30. For the first quarter of fiscal year 2027, revenue is expected to be between $875 million and $895 million, with non-GAAP earnings per share between $4.25 and $4.37.
In other news, F5’s Board of Directors authorized an additional $1.5 billion for its common stock repurchase program. This authorization is incremental to the $322.4 million remaining in the existing program. The company also announced it will host a live webcast to review its financial results and outlook on October 27, 2026, at 4:30 pm ET.
