A10 Networks Posts Adjusted EPS of $0.31, Raises Revenue Growth Forecast to 16%
Key Facts
A10 Networks said on November 5, 2026, that adjusted earnings were $0.31 per share in the third quarter, topping analysts’ estimate of $0.27 by $0.04, while revenue reached $91.54 million, compared with consensus estimates of $83.88 million. The announcement came after the market close, with results showing year-over-year revenue growth of 22.6% to a quarterly record, the company said. Chief Executive Officer Dhrupad Trivedi said demand was broad across customers and that revenue from customers excluding the largest customer grew at a double-digit rate year over year. Management held its earnings call the same day at 1:30 p.m. Pacific time. The company raised its revenue growth forecast for fiscal 2026 to about 16%.
The company reported non-GAAP net income of $23.6 million, or $0.31 per diluted share. Gross margin was 78.7% under GAAP, compared with 80.0% under the company’s non-GAAP measure. Adjusted earnings before interest, taxes, depreciation and amortization were $29.5 million, equal to 32.2% of revenue. These measures provide a view of operating profitability alongside the earnings-per-share and revenue figures that exceeded estimates. The company presents adjusted results separately from GAAP results in its financial disclosure.
Revenue growth extended into the first nine months of the year, reaching $246.7 million compared with $210.2 million in the corresponding period of 2025, an increase of about 17.4%, the company said. Second-quarter revenue was $80.1 million, up 15.5% year over year. Revenue for the first half of 2026 also reached $155.1 million, compared with $135.5 million in the first half of 2025, an increase of about 14.5%. The comparison shows that revenue growth accelerated in the third quarter relative to the annual growth rate recorded in the second quarter. Third-quarter revenue alone was $91.54 million.
A10 Networks attributed demand for its networking and security solutions to rising network traffic volumes, broader deployment of artificial intelligence applications and increasingly complex security requirements. Trivedi said quarterly revenue growth reached a record, supported by broad customer demand. He added that revenue from customers excluding the largest customer grew at a double-digit rate year over year, indicating that growth extended beyond the company’s largest account. Management linked demand for its solutions to increased data traffic, the expansion of AI applications and more complex protection needs. The statements provided no separate figure for the contribution of any of these factors to revenue.
In its fiscal 2026 outlook, the company said it expects revenue growth of about 16% and non-GAAP diluted earnings per share of between $1.08 and $1.10. The updated forecast reflects management’s view for the full year following the third-quarter results and revenue growth during the first nine months. The company also said its board approved a quarterly cash dividend of $0.06 per share. The dividend is payable to shareholders of record on November 16, 2026, with payment scheduled for December 1, 2026. These dates are among the next steps announced for shareholders after the results were released.
In trading, the company’s shares closed at $22.60 on November 5, according to an Investing.com report published after the results. The stock had closed at $23.81 on November 4, according to EL7 data. A10 Networks said its results would be released after the market close on November 5, placing that day’s close in the session following the announcement time. Reliable evidence on the opening price or the session’s trading range was unavailable. The announced dividend remains payable on December 1 to shareholders of record on November 16.