Q3 FY26 · Ended Jun 30, 2026 · View SEC filing
Hardware demand, not services, is driving growth
Services grew only 2.7%, so the quarter's growth came mostly from customers buying new systems and licenses.
For investorsWhat has to hold for the hardware surge to last?
For foundersSelling one engine as a box, a license and a service
Operating costs grew faster than the 10.85% rise in revenue, so operating margin slipped to 24.65% despite a wider gross margin.
Pre-tax income grew 6.2%, but a smaller tax provision lifted net income 9.6%, a gain the filing ties to tax accounting.
Support renews on gear already carrying customers' critical traffic, and the service line costs 14.9% of its revenue to deliver.
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Business Lens describes F5 from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
