F5 Delivers Strong Q3 2026 Results, Raises FY 2026 Outlook
Good afternoon, and welcome to the latest update on F5's financial performance. The company has just released its third quarter fiscal 2026 results, which demonstrate a continued strong growth trajectory. F5's Chairman, President, and CEO, François Locoh-Donou, reported that the company delivered 19% product revenue growth in Q3, driving 11% total growth.
This marks the eighth consecutive quarter of double-digit product growth for F5, underscoring its position at the forefront of the market. According to Locoh-Donou, this is no coincidence, as the world has become increasingly reliant on applications, including AI-powered ones. The accelerating pace of technological change has driven higher demand for application security and delivery, creating a complex landscape that F5's solutions are designed to simplify.
As Locoh-Donou noted, F5 sits at the intersection of three secular mega trends: hybrid multi-cloud adoption, an expanding threat landscape, and the AI inference inflection. The company's strong Q3 results reflect this trend and its alignment with where customers are investing. Moreover, F5 is capitalizing on heightened demand for best-in-class application and API security by innovating and expanding its go-to-market capacity.
The company's top-line results demonstrate its continued momentum, with 14% non-GAAP earnings growth delivered in Q3. Looking ahead, F5 sees strong demand driven by durable tailwinds, leading it to raise its fiscal year 2026 outlook to approximately 9%-10% revenue growth. This represents an upward revision from the previous guidance of 7%-8%.
Locoh-Donou highlighted several customer examples from Q3 that illustrate why the forces reshaping IT are driving growing demand for F5 and reinforcing its critical role at the application delivery and security layer. These include accelerating hybrid multi-cloud adoption, which is fueling multiple growth drivers for F5 across data center build-out and sovereignty, competitive displacement, and platform consolidation.
F5's continued strong performance has earned it a reputation as a leader in the market, with customers increasingly relying on its solutions to navigate the complexities of hybrid multi-cloud environments. As Locoh-Donou noted, the company is 'precisely where the market needs us to be,' and its commitment to innovation and go-to-market capacity will sustain and extend its momentum in the coming quarters.
In summary, F5's Q3 2026 results demonstrate a continued strong growth trajectory, driven by durable tailwinds. The company's alignment with the market's evolving trends and its focus on innovation and customer satisfaction have established it as a leader in the application delivery and security space.
