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How A10 Networks (ATEN) makes money

A10 Networks (ATEN) made $91.5M of revenue in the third quarter 2026 (Q3 2026), +23% from a year earlier. Products brought in $58.5M (64%); Services brought in $33.0M (36%). Of every dollar of revenue, 79¢ was left as gross profit, 20¢ was left as operating profit, 19¢ was left as net earnings.

Drawing the Sankey…

A10 Networks revenue by segment, Q3 2026A10 Networks revenue by segment, Q3 2026Products$58.5MServices$33.0M
A10 Networks: revenue by line, Q1 2025 to Q3 2026A10 Networks: revenue by line, Q1 2025 to Q3 2026ProductsServicesProducts: $58.5M latest$58.5MServices: $33.0M latest$33.0MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Products went from 54% of revenue in Q1 2025 to 64% in Q3 2026, the largest shift in the mix.
A10 Networks revenue by quarterA10 Networks revenue by quarter$66.1MQ1 2025$69.4MQ2 2025$74.7MQ3 2025$80.4MQ4 2025$75.0MQ1 2026$80.1MQ2 2026$91.5MQ3 2026
A10 Networks: where each dollar of revenue goesA10 Networks: where each dollar of revenue goesCost of revenue21¢Gross profit79¢Operating expenses59¢Operating profit20¢Income tax3¢Net earnings19¢Operating cash flow37¢Free cash flow34¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Products$58.5M63.9%+19%+36%
Services$33.0M36.1%+6%+5%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$91.5M100.0%
Cost of revenue$19.5M21.3%
Gross profit$72.1M78.7%
Operating expenses$53.8M58.7%
Operating profit$18.3M20.0%
Income tax$2.6M2.8%
Net earnings$17.2M18.7%
Operating cash flow$34.0M37.1%
Free cash flow$30.7M33.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$91.5M+23%
Q2 2026$80.1M+16%
Q1 2026$75.0M+13%
Q4 2025$80.4M+8%
Q3 2025$74.7M+12%
Q2 2025$69.4M+16%
Q1 2025$66.1M+9%

From A10 Networks' 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does A10 Networks make money?

A10 Networks (ATEN) made $91.5M of revenue in the third quarter 2026 (Q3 2026), +23% from a year earlier. Products brought in $58.5M (64%); Services brought in $33.0M (36%). Of every dollar of revenue, 79¢ was left as gross profit, 20¢ was left as operating profit, 19¢ was left as net earnings.

What is A10 Networks' biggest business?

Products: $58.5M in the third quarter 2026, 64% of revenue, +36% from a year earlier.

What is A10 Networks' profit margin?

Net earnings were $17.2M, 18.7% of revenue, in the third quarter 2026; the operating margin was 20.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.