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F5 (FFIV) R&D spending by quarter

F5's R&D spending was $165M in Q3 FY26 (third quarter fiscal 2026), +9% from Q2 FY26. Over the last 7 quarters it ranged from $124M (Q4 FY24) to $165M (Q3 FY26).

F5 R&D spending by quarterF5 R&D spending by quarter$124MQ4 FY24$137MQ2 FY25$136MQ3 FY25$136MQ4 FY25$141MQ1 FY26$151MQ2 FY26$165MQ3 FY26
QuarterR&D spendingQ/QY/Y
Q3 FY26$165M+9%+21%
Q2 FY26$151M+7%+11%
Q1 FY26$141M+3%—
Q4 FY25$136M0%+10%
Q3 FY25$136M-0.2%—
Q2 FY25$137M+10%—
Q4 FY24$124M——

Q3 FY26 at a glance

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.

Questions

What is F5's R&D spending?

F5's R&D spending was $165M in Q3 FY26 (third quarter fiscal 2026), +9% from Q2 FY26.

How has F5's R&D spending changed?

Over the last 7 quarters it ranged from $124M (Q4 FY24) to $165M (Q3 FY26).

Q3 FY26 results → · How F5 makes money →