FFIV · F5, Inc. Q3 FY2026 earnings call record财报电话会记录

“As a result, we are raising our fiscal year 2026 outlook to approximately 9%-10% revenue growth, up from 7%-8%.”

“Finally, the AI inference inflection is driving demand for F5, both indirectly as customers expand hybrid multi-cloud deployments, and directly through our three AI use cases, AI data delivery, AI runtime security, and AI factory load balancing.”

“In fact, our cumulative total customer count for direct AI use cases grew 50% just in Q3, underscoring the accelerating pace of demand.”

“Product revenue totaled $463 million, increasing 19% YoY, while services revenue of $402 million grew 3% YoY.”

“Looking at our major verticals, enterprise customers contributed 71% of Q3's product bookings.”

“Government customers represented 19% of product bookings, including 7% from U.S.”

“Our non-GAAP net income was $272 million, or $4.73 per share, reflecting 14% EPS growth from the year-ago period.”

“In Q3, we repurchased $100 million worth of F5 shares at an average price of $299 per share.”

“As a result, we expect Q4 revenue in a range of $870 million to $890 million, reflecting just under 9% YoY growth at the midpoint.”

“We now expect Q4 non-GAAP gross margin in the range of 83% to 84%, an improvement from our prior view.”

“While we are encouraged by the improved gross margin outlook for Q4, we are not revising our FY 2027 gross margin guidance of 80%-82% given the dynamic pricing environment for memory and storage components.”

“In fact, there is a forecast out by one of the analysts, I think this quarter, that there's an expectation now that 75% of enterprises internationally will repatriate workloads into local alternatives inside the next three to five years.”