Filing Flows › Netscout Systems (NTCT) › Q1 FY26
Netscout Systems (NTCT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 7, 2025
Netscout Systems (NTCT) reported revenue of $187M for the first quarter fiscal 2026 (Q1 FY26), +7% from a year earlier and -9% from the quarter before. Operating margin was -3.5%, net loss $3.7M (2.0% of revenue).
Netscout Systems, Q1 FY26: revenue $187M (+7% year over year), operating margin -3.5%, net loss $3.7M, operating cash flow $73.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | -9% | +7% |
| Operating profit | −$6.6M | -133% | — |
| Net earnings | −$3.7M | -120% | — |
| Operating cash flow | $73.6M | -48% | +91% |
| Free cash flow | $71.7M | -49% | +93% |
What changed
Revenue was $186.7M in Q1 FY26, up 7% year over year and down 9% from the previous quarter. Service was the largest line at 61% of revenue. Product added $11.8M year over year (up 19%), 97% of the total change.
Gross margin was 76.7%, up 2.2 points from a year earlier. Operating costs exceeded revenue by $6.6M, an operating margin of -3.5%. Operating expenses fell 75% while revenue rose 7%. The quarter ended with a net loss of $3.7M, after a profit of $18.6M the previous quarter. Non-operating items added $3.7M, -132% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $73.6M (up 91% year over year). Non-cash charges added back $14.5M of depreciation and amortization and $20.0M of share-based compensation. Working capital and other items added $42.8M. Capital expenditures of $1.9M left free cash flow of $71.7M.
Questions
What was Netscout Systems' revenue in the first quarter fiscal 2026?
Netscout Systems (NTCT) reported revenue of $187M for the first quarter fiscal 2026 (Q1 FY26), +7% from a year earlier and -9% from the quarter before.
Was Netscout Systems profitable in the first quarter fiscal 2026?
Operating loss was $6.6M (-3.5% of revenue) and net loss $3.7M.
Source: Netscout Systems 10-Q on SEC EDGAR.