Shares of F5 were up more than 13% in after-hours trading after the Seattle-based security giant beat fiscal first quarter expectations with $822 million in revenue, up 7% year-over-year, and net income of $180 million, up from $166 million.
- CEO François Locoh-Donou called out customer demand tied to hybrid multicloud infrastructure, AI adoption, and the need to secure applications and APIs across environments. The quarter marked F5’s sixth straight period of double-digit product revenue growth.
- F5 raised its full-year outlook, now expecting 5% to 6% revenue growth for fiscal 2026, up from prior guidance of 0% to 4%. For the current quarter, the company forecast revenue between $770 million and $790 million, with non-GAAP earnings of $3.34 to $3.46 per share.
- F5, founded in 1996, had 6,578 employees as of Sept. 30. It is based at the F5 Tower in Seattle, where it has about 515,000 square feet of office space.
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