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A10 Networks (ATEN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · A10 Networks (ATEN) Q3 2026 earnings results →
Q3 2026 Revenue up 23% year over year to $91.5M · 19¢ of every $1 of revenue kept as net profit · operating margin 20.0%
A10 Networks made $91.5M in Q3 2026 (+23% Y/Y): Products $58.5M, Services $33.0M. Operating margin 20.0%, net earnings $17.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $91.5M in Q3 2026, up 23% year over year and up 14% from the previous quarter. Products was the largest line at 64% of revenue. Products added $15.4M year over year (up 36%), 91% of the total change.
Gross margin was 78.7%, down 1.4 points from Q3 2025. Operating profit was $18.3M, a 20.0% margin (up 2.6 points year over year). Of the extra revenue versus Q3 2025, 31% reached operating profit, above the 17% margin then. Operating expenses grew 15% against revenue growth of 23%. The fastest-growing cost line was General & admin (+46%). Net earnings were $17.2M, up 41% year over year. The effective tax rate was 13.1%.
Operating cash flow was $34.0M (up 49% year over year), 198% of net earnings. Non-cash charges added back $4.8M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items added $6.2M. Capital expenditures of $3.3M left free cash flow of $30.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $91.5M | +23% | 20.0% | $17.2M | $34.0M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $80.1M | +16% | 11.3% | $8.9M | $29.1M |
| Q1 2026 | 10-Q | May 7, 2026 | $75.0M | +13% | 17.3% | $12.0M | $2.2M |
| Q4 2025 | 10-K | Feb 25, 2026 | $80.4M | +8% | 18.7% | $9.9M | $22.7M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $74.7M | +12% | 17.4% | $12.2M | $22.8M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $69.4M | +16% | 14.9% | $10.5M | $22.2M |
| Q1 2025 | 10-Q | May 6, 2025 | $66.1M | +9% | 13.3% | $9.5M | $17.2M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About A10 Networks
We are a global provider of secure application and network infrastructure solutions that enable enterprises and service providers to deliver high-performance, reliable, and protected digital services across on-premises, hybrid cloud, and distributed environments. Our solutions are designed to operate in mission-critical environments where availability, scalability, low latency, and security are essential. We provide integrated capabilities spanning application delivery, traffic management, distributed denial of service (“DDoS”) protection, application and application programming interfaces (“API”) security, and centralized management. Our portfolio is built on a unified software architecture that allows customers to deploy consistent performance and security policies across physical, virtual, containerized, and cloud-native environments.
In its own words, from its 10-K, filed Feb 25, 2026.
A10 Networks against its Computer Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +23% against the peers' median +11%. Operating margin: 20.0% against the peers' median 16.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ATEN A10 Networks | Q3 2026 | $91.5M | +23% | 20.0% |
| CSCO Cisco Systems | Q4 FY26 | $17.3B | +18% | 24.7% |
| ANET Arista Networks | Q3 2026 | $3.7B | +58% | 44.9% |
| FFIV F5 | Q3 FY26 | $865M | +11% | 24.7% |
| EXTR Extreme Networks | Q1 FY27 | $341M | +10% | 6.8% |
| NTGR Netgear | Q3 2026 | $167M | -9% | -8.2% |
| DGII Digi International | Q3 FY26 | $139M | +29% | 16.5% |
| LTRX Lantronix | Q4 FY26 | $31.2M | +8% | -1.3% |
| FOXX Foxx Development Holdings | Q4 FY26 | $7.0M | -50% | -97.7% |
Source: A10 Networks 10-Q on SEC EDGAR · CIK 1580808 · Computer Communications Equipment
Guidance and outlook
13F: who owns ATEN and who is buying
More on ATEN
- How A10 Networks makes money: revenue by segment
- A10 Networks next earnings date and what analysts expect
- A10 Networks stock forecast, price target and fair value
- Who owns A10 Networks stock: holders, funds and Congress trades
- A10 Networks guidance and outlook
- Is A10 Networks a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- A10 Networks guidance history: guided vs reported
- A10 Networks gross margin by quarter
- A10 Networks operating margin by quarter
- A10 Networks net income by quarter
- A10 Networks free cash flow by quarter
- A10 Networks R&D spending by quarter
- A10 Networks capital expenditures by quarter
- A10 Networks Products revenue by quarter
- A10 Networks Services revenue by quarter