F5 : Q2 2026 GAAP to Non GAAP Reconciliation
FFIV
Published on 04/28/2026 at 05:14 pm EDT
F5, Inc.
GAAP to Non-GAAP Reconciliation
(unaudited, in thousands, except percentages and per share amounts)
Three Months Ended
March 31,
2026
2025
$ 811,700
$ 731,123
Six Months Ended
March 31,
2026
2025
$ 1,634,165
$ 1,497,612
Net revenues…………………………………………….…………………………………………
Gross profit and gross margin:
GAAP gross profit and gross margin…………………………………………….…………
$ 660,800
81.4%
$ 590,164
80.7%
$ 1,331,480
81.5%
$ 1,216,143
81.2%
Adjustments to gross profit and gross margin:
Stock-based compensation…………………………………………….…………………
$ 7,473
0.9%
$ 7,393
1.0%
$ 14,299
0.9%
$ 14,793
1.0%
Amortization and impairment of purchased intangible assets…………………………
10,640
1.3%
9,283
1.3%
21,280
1.3%
18,567
1.2%
Facility-exit costs…………………………………………….……………………………
90
0.0%
437
0.1%
182
0.0%
561
0.0%
Cyber incident costs…………………………………………….…………………………
770
0.1%
-
-
1,646
0.1%
-
-
Non-GAAP gross profit and gross margin…………………………………………….……
$ 679,773
83.7%
$ 607,277
83.1%
$ 1,368,887
83.8%
$ 1,250,064
83.5%
Income from operations and operating margin:
GAAP income from operations and operating margin……………………………………
$ 179,018
22.1%
$ 158,897
21.7%
$ 393,205
24.1%
$ 363,979
24.3%
Adjustments to income from operations and operating margin:
Stock-based compensation…………………………………………….…………………
$ 67,996
8.4%
$ 58,884
8.1%
$ 128,001
7.8%
$ 116,792
7.8%
Amortization and impairment of purchased intangible assets…………………………
11,452
1.4%
10,095
1.4%
22,904
1.4%
20,238
1.4%
Facility-exit costs…………………………………………….……………………………
922
0.1%
4,264
0.6%
1,853
0.1%
5,484
0.4%
Acquisition-related charges…………………………………………….…………………
9,021
1.1%
1,214
0.2%
18,838
1.2%
1,905
0.1%
Cyber incident costs…………………………………………….…………………………
6,037
0.7%
-
-
23,525
1.4%
-
-
Restructuring charges…………………………………………….………………………
(315)
0.0%
-
-
(358)
0.0%
11,321
0.8%
Non-GAAP income from operations and operating margin………………………………
$ 274,131
33.8%
$ 233,354
31.9%
$ 587,968
36.0%
$ 519,719
34.7%
Net income:
GAAP net income…………………………………………….………………………………
$ 147,755
Adjustments to net income:
Stock-based compensation…………………………………………….…………………
$ 67,996
Amortization and impairment of purchased intangible assets…………………………
11,452
Facility-exit costs…………………………………………….……………………………
922
Acquisition-related charges…………………………………………….…………………
9,021
Cyber incident costs…………………………………………….…………………………
6,037
Restructuring charges…………………………………………….………………………
(315)
Tax effects related to above items…………………………………………….…………
(19,672)
Non-GAAP net income…………………………………………….…………………………
$ 223,196
$ 145,530
$ 327,809
$ 311,975
$ 58,884
10,095
4,264
1,214
-
-
(18,893)
$ 201,094
$ 128,001
22,904
1,853
18,838
23,525
(358)
(40,613)
$ 481,959
$ 116,792
20,238
5,484
1,905
-
11,321
(39,649)
$ 428,066
Net income per share - diluted:
GAAP net income per share - diluted …………………………………………….………
$ 2.58
Adjustments to GAAP net income per share - diluted:
Stock-based compensation…………………………………………….…………………
$ 1.19
Amortization and impairment of purchased intangible assets…………………………
0.20
Facility-exit costs…………………………………………….……………………………
0.02
Acquisition-related charges…………………………………………….…………………
0.16
Cyber incident costs…………………………………………….…………………………
0.11
Restructuring charges…………………………………………….………………………
(0.01)
Tax effects related to above items…………………………………………….…………
(0.34)
Non-GAAP net income per share - diluted …………………………………………….…
$ 3.90
$ 2.48 $
5.68 $
5.30
$ 1.00
0.17
0.07
0.02
-
-
(0.32)
$ 3.42
$ 2.22
0.40
0.03
0.33
0.41
(0.01)
(0.70)
$ 8.35
$ 1.98
0.34
0.09
0.03
-
0.19
(0.67)
$ 7.27
Weighted average shares - diluted …………………………………………….…………
57,298
58,764 57,736 58,913
Note: Numbers and percentages are rounded for presentation purposes and may not foot.
Disclaimer
F5 Inc. published this content on April 28, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 28, 2026 at 21:11 UTC.