Filing Flows › F5 (FFIV) › Q3 FY26
F5 (FFIV) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 6, 2026
F5 (FFIV) reported revenue of $865M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and +7% from the quarter before. Operating margin was 24.7%, net earnings $208M (24.1% of revenue).
F5, Q3 FY26: revenue $865M (+11% year over year), operating margin 24.7%, net earnings $208M, operating cash flow $316M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $865M | +7% | +11% |
| Gross profit | $712M | +8% | +13% |
| Operating profit | $213M | +19% | +9% |
| Net earnings | $208M | +41% | +10% |
| Operating cash flow | $316M | -14% | +12% |
| Free cash flow | $281M | -19% | +3% |
What changed
Revenue was $865.1M in Q3 FY26, up 11% year over year and up 7% from the previous quarter. Product was the largest line at 54% of revenue. Product added $74.0M year over year (up 19%), 87% of the total change.
Gross margin was 82.2%, up 1.3 points from Q3 FY25. Operating profit was $213.3M, a 24.7% margin (down 0.5 points year over year). Of the extra revenue versus Q3 FY25, 20% reached operating profit, below the 25% margin then. Operating expenses grew 14% against revenue growth of 11%. The fastest-growing cost line was General & admin (+22%). Net earnings were $208.2M, up 10% year over year. The effective tax rate was 8.0%.
Operating cash flow was $316.2M (up 12% year over year), 152% of net earnings. Non-cash charges added back $23.4M of depreciation and amortization and $65.5M of share-based compensation. Working capital and other items added $19.1M. Capital expenditures of $35.6M left free cash flow of $280.6M.
Questions
What was F5's revenue in the third quarter fiscal 2026?
F5 (FFIV) reported revenue of $865M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and +7% from the quarter before.
Was F5 profitable in the third quarter fiscal 2026?
Operating profit was $213M (24.7% of revenue) and net earnings $208M.
Source: F5 10-Q on SEC EDGAR.