Quarterly ResultMay 7, 2026, 04:33 PM
A10 Networks Q1 Revenue +13.4% to $75M; Net Income +26.1% to $12M
AI Summary
A10 Networks reported strong financial results for the first quarter ended March 31, 2026, with total net revenue increasing 13.4% to $75.0 million and net income rising 26.1% to $12.0 million. Basic and diluted earnings per share also improved to $0.17. The company saw significant growth in products revenue and a notable shift in customer mix towards enterprise clients, which now represent 56% of total revenue. While net cash provided by operating activities decreased, the company continued its capital allocation strategy through stock repurchases and dividend payments.
Key Highlights
- Total net revenue increased 13.4% to $75.0 million for the three months ended March 31, 2026.
- Net income rose 26.1% to $12.0 million for the three months ended March 31, 2026.
- Basic and diluted EPS were $0.17 for Q1 2026, up from $0.13 in Q1 2025.
- Products revenue grew 22.2% to $44.0 million, while services revenue increased 2.8% to $31.0 million.
- Enterprise customers accounted for 56% of total revenue in Q1 2026, up from 41% in Q1 2025.
- Net cash provided by operating activities was $2.2 million, compared to $17.2 million in Q1 2025.
- The company repurchased $2.5 million of common stock and paid $4.3 million in dividends.
Price Impact
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