| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 75.00 | 13.4% |
| Total Income | 75.00 | 13.4% |
| Expenditure | 62.00 | 8.1% |
| PBT | — | |
| Net Profit | 12.03 | 26.1% |
| OPM | 17.33% | 4.06pp |
| NPM | 16.04% | 1.61pp |
| EPS | 0.17 | 30.8% |
A10 Networks Reports Q1 2026 Revenue Up 13.4% Driven by AI Infrastructure
03 May 2026 · 3 May, 6:25 pm
Summary
A10 Networks announced its financial results for the first quarter ended March 31, 2026, reporting a 13.4% increase in revenue to $75.0 million. The company's GAAP net income was $12.0 million, or $0.17 per diluted share, while non-GAAP Adjusted EBITDA reached $22.5 million, representing 30.0% of revenue. Management reiterated their full-year 2026 guidance, expecting revenue growth of 10-12% and an Adjusted EBITDA margin between 28-30%. The company also returned $6.8 million to investors through share repurchases and dividends.
Key Highlights
- 1
A10 Networks reported a 13.4% year-over-year increase in quarterly revenue, reaching $75.0 million for the first quarter of 2026.
- 2
The company's GAAP gross margin was 79.6%, while the non-GAAP gross margin reached 80.6% for the quarter.
- 3
GAAP net income for the quarter was $12.0 million, or $0.17 per diluted share.
- 4
Non-GAAP Adjusted EBITDA was $22.5 million, representing 30.0% of revenue for the first quarter.
- 5
A10 Networks returned $6.8 million to investors through share repurchases and cash dividends during the quarter.
- 6
The Board of Directors approved a quarterly cash dividend of $0.06 per share, payable June 1, 2026.
- 7
As of March 31, 2026, A10 Networks held $369.8 million in cash, cash equivalents, and marketable securities.
Management Comments
Dhrupad Trivedi
AI-driven architectures are fundamentally increasing the volume, velocity, and complexity of network traffic, placing new demands on performance, availability, and security. AI is architecturally making the distinction between Enterprises and Service Providers obsolete, as the workloads and requirements are the same. A10 sits at a critical control point at the intersection of performance and security. Our investments and innovation focus have continued to drive strong demand resulting in expanded commitments from our top customers scaling AI infrastructure deployments. Our model has continued to translate growth into increased profitability. We're actively managing industry-wide input supply dynamics for certain components, turning these challenges into growth opportunities. We remain confident to deliver full-year expectations for operating cash flow as first quarter results were impacted by routine time shifts. We believe our powerful combination of growth momentum, disciplined execution, and agile strategy positions us to drive strong financial performance. This is currently expected to continue to support the return of capital to our shareholders while we invest in innovation to help maintain our strategic advantages.
Informational and educational content only. Not investment advice.