F5 Networks shares have fallen 5.1% since its last earnings report, underperforming the S&P 500, but the company delivered better-than-expected fiscal third-quarter results and raised its full-year guidance. Non-GAAP earnings came in at $4.73 per share, up 14% year over year and beating the Zacks Consensus Estimate by 18.8%, while revenues rose 11% to $865 million, surpassing expectations by 3.96%. Product revenues, which make up 54% of total revenues, grew 19% to $463 million, with systems revenues jumping 32% to $240 million and software revenues up 7% to $223 million. For the fourth quarter, F5 expects revenues between $870 million and $890 million and non-GAAP earnings of $4.14 to $4.26 per share, while raising its fiscal 2026 revenue growth forecast to approximately 9-10% from 7-8% and increasing non-GAAP earnings guidance to $17.21-$17.33 per share. The company also generated $316 million in operating cash flow and repurchased $100 million of shares during the quarter.
F5 Networks IncQ3 beat and raised guidance
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