Form 8-K

8-K — F5, INC.

Accession: 0001048695-26-000063

Filed: 2026-07-27

Period: 2026-07-27

CIK: 0001048695

SIC: 3576 (COMPUTER COMMUNICATIONS EQUIPMENT)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ffiv-20260727.htm (Primary)

EX-99.1 (ex991-q326earningsreleasef.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ffiv-20260727.htm · Sequence: 1

ffiv-20260727

0001048695false00010486952026-07-272026-07-27

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):

July 27, 2026

F5, Inc.

(Exact name of registrant as specified in its charter)

Washington 000-26041 91-1714307

(State or other jurisdiction (Commission (IRS Employer

of incorporation) File Number) Identification No.)

801 5th Avenue

Seattle , WA 98104

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (206) 272-5555

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock, no par value FFIV NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On July 27, 2026, F5, Inc. (the "Company" or "F5") issued a press release regarding its financial results for the third quarter ended June 30, 2026. The press release is attached hereto as Exhibit 99.1. The information in the press release shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

99.1

Press Release of F5, Inc. announcing quarterly earnings dated July 27, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

F5, INC.

(Registrant)

Date: July 27, 2026 By: /s/ François Locoh-Donou

François Locoh-Donou

Chairman, President, and Chief Executive Officer

EX-99.1

Filename: ex991-q326earningsreleasef.htm · Sequence: 2

Document

Q3 FY26 Earnings Release

Page 1 of 5

Contacts

Investors

Suzanne DuLong

+1 (206) 272-7049

s.dulong@f5.com

Media

Rob Gruening

+1 (206) 272-6208

r.gruening@f5.com

F5 Reports Third Quarter Results with 19% Product Revenue Growth

Driving 11% Total Revenue Growth Year Over Year

SEATTLE, July 27, 2026 – F5, Inc. (NASDAQ: FFIV), the global leader in delivering and securing every app and API, today announced financial results for its third quarter fiscal year 2026 ended June 30, 2026.

“Q3 was another outstanding quarter with 19% product revenue growth driving 11% total revenue growth year over year,” said François Locoh-Donou, F5’s Chairman, President, and CEO. “Eight consecutive quarters of double-digit product growth reflect the mission-critical role F5 plays at the application delivery and security layer of today’s hybrid multicloud and AI-driven enterprise infrastructure.”

“The world runs on applications and the threats targeting them have never been more sophisticated. AI has empowered attackers and compressed the time between vulnerability discovery and exploitation. F5’s response is a continuous defense model built for this new reality. We are using AI to empower our customers to stay ahead of threats across every environment they operate in by identifying risk earlier, protecting applications at runtime, and delivering hardened software faster,” continued Locoh-Donou.

Third Quarter Performance Summary

Third quarter fiscal year 2026 revenue totaled $865 million, representing 11% growth compared with $780 million in the third quarter of fiscal year 2025. Systems revenue of $240 million grew 32% from the year-ago period while software revenue of $223 million grew 7%. Services revenue of $402 million grew 3% from the year-ago period.

GAAP gross profit for the third quarter of fiscal year 2026 was $712 million, representing GAAP gross margin of 82.2%. This compares with GAAP gross profit of $632 million in the year-ago period, which represented GAAP gross margin of 81.0%. Non-GAAP gross profit for the third quarter of fiscal year 2026 was $728 million, representing non-GAAP gross margin of 84.2%. This compares with non-GAAP gross profit of $649 million in the year-ago period, which represented non-GAAP gross margin of 83.1%.

GAAP income from operations for the third quarter of fiscal year 2026 was $213 million, representing GAAP operating margin of 24.7%. This compares with GAAP income from operations of $196 million in the year-ago period, which represented GAAP operating margin of 25.2%. Non-

Q3 FY26 Earnings Release

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GAAP income from operations for the period was $303 million, representing non-GAAP operating margin of 35.0%. This compares to non-GAAP income from operations of $267 million in the year-ago period, which represented non-GAAP operating margin of 34.3%.

GAAP net income for the third quarter of fiscal year 2026 was $208 million, or $3.62 per diluted share compared to $190 million, or $3.25 per diluted share, in the third quarter of fiscal year 2025. Non-GAAP net income for the third quarter of fiscal year 2026 was $272 million, or $4.73 per diluted share, compared to $243 million, or $4.16 per diluted share, in the third quarter of fiscal year 2025.

Performance Summary Tables

GAAP Measures Non-GAAP Measures

($ in millions except EPS) Q3 FY2026 Q3 FY2025 ($ in millions except EPS) Q3 FY2026 Q3 FY2025

Revenue $865 $780 Revenue $865 $780

Gross profit $712 $632 Gross profit $728 $649

Gross margin 82.2% 81.0% Gross margin 84.2% 83.1%

Income from operations $213 $196 Income from operations $303 $267

Operating margin 24.7% 25.2% Operating margin 35.0% 34.3%

Net income $208 $190 Net income $272 $243

EPS $3.62 $3.25 EPS $4.73 $4.16

A reconciliation of GAAP to non-GAAP measures is included with the attached financial statements. Additional information about non-GAAP financial information is included in this release.

Business Outlook

F5 raised its outlook for its fiscal year 2026, guiding for revenue growth of approximately 9% to 10%, up from 7% to 8% previously. F5 expects non-GAAP earnings per share in a range of $17.21 to $17.33, up from $16.25 to $16.55 previously.

For the fourth quarter of fiscal year 2026, F5 is guiding to revenue in the range of $870 million to $890 million, with non-GAAP earnings in the range of $4.14 to $4.26 per diluted share.

All forward-looking non-GAAP measures included in the Company’s business outlook exclude estimates for amortization of intangible assets, share-based compensation expenses, significant effects of tax legislation and judicial or administrative interpretation of tax regulations (including the impact of income tax reform), non-recurring income tax adjustments, valuation allowance on deferred tax assets, and the income tax effect of non-GAAP exclusions, and do not include the impact of any future acquisitions or divestitures, acquisition-related charges and write-downs, cyber incident costs, insurance recoveries from cyber incident, restructuring charges, facility exit costs, or other non-recurring charges that may occur in the period. F5 is unable to provide a reconciliation of non-GAAP earnings guidance measures to corresponding U.S. generally accepted accounting principles or GAAP measures on a forward-looking basis without unreasonable effort due to the overall high variability and low visibility of most of the foregoing items that have been excluded. Material changes to any one of these items could have a significant effect on our guidance and future GAAP results. Certain exclusions, such as amortization of intangible assets and share-based compensation expenses, are generally incurred each quarter, but the amounts have historically varied and may continue to vary significantly from quarter to quarter.

Q3 FY26 Earnings Release

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Live Webcast and Conference Call

F5 will host a live webcast to review its financial results and outlook today, July 27, 2026, at 4:30 pm ET. Open to the public, the live webcast, supplemental financial information, and earnings slides are accessible from the investor relations page of F5.com. To participate in the live call via telephone in the U.S., dial +1 (888) 596-4144; from outside the U.S. dial +1 (646) 968-2525, and reference conference ID 6076834. Please call at least five minutes prior to the call start time. The webcast replay will be archived on the investor relations portion of F5’s website.

Forward Looking Statements

This press release contains forward-looking statements including, among other things, that F5’s eight consecutive quarters of double-digit product growth reflect the mission-critical role F5 plays at the application delivery and security layer of today’s hybrid multicloud and AI-driven enterprise infrastructure, the world runs on applications and the threats targeting them have never been more sophisticated, AI has empowered attackers and compressed the time between vulnerability discovery and exploitation, F5’s response is a continues defense model built for this new reality, F5 is using AI to empower our customers to stay ahead of threats across every environment they operate in by identifying risk earlier, protecting applications at runtime, and delivering hardened software faster, the Company’s future financial performance including revenue growth, earnings growth, future customer demand, and the performance and benefits of the Company's products. These, and other statements that are not historical facts, are forward-looking statements. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors. Such forward-looking statements involve risks and uncertainties, as well as assumptions and other factors that, if they do not fully materialize or prove correct, could cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to: customer acceptance of offerings; disruptions to the global supply chain resulting in inability to source required parts for F5’s products or the ability to only do so at greatly increased prices thereby impacting our revenues and/or margins; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; F5’s ability to successfully integrate acquired businesses’ products with F5 technologies; the ability of F5’s sales professionals and distribution partners to sell new solutions and service offerings; the timely development, introduction and acceptance of additional new products and features by F5 or its competitors; competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into F5’s markets, and new product and marketing initiatives by our competitors; increased sales discounts; the business impact of the acquisitions and potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement of completion of acquisitions; uncertain global economic conditions which may result in reduced customer demand for our products and services and changes in customer payment patterns; litigation involving patents, intellectual property, shareholder and other matters, and governmental investigations; potential security flaws in the Company’s networks, products or services; cybersecurity attacks on its networks, products or services; natural catastrophic events; a pandemic or epidemic; F5’s ability to sustain, develop and effectively utilize distribution relationships; F5’s ability to attract, train and retain qualified product development, marketing, sales, professional services and customer support personnel; F5’s ability to expand in international markets; the unpredictability of F5’s sales cycle; the ability of F5 to execute on its share repurchase program including the timing of any repurchases; future prices of F5’s common stock; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission, including our most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K and other documents that we may file or furnish from time to time, which could cause actual results to vary from expectations. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in F5’s most recent reports on Forms 10-Q and 10-K as each may be amended from time to time. All forward-looking statements in this press release are based on information available as of the date hereof and

Q3 FY26 Earnings Release

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qualified in their entirety by this cautionary statement. F5 assumes no obligation to revise or update these forward-looking statements.

GAAP to non-GAAP Reconciliation

F5’s management evaluates and makes operating decisions using various operating measures. These measures are generally based on the revenues of its products, services operations, and certain costs of those operations, such as cost of revenues, research and development, sales and marketing and general and administrative expenses. One such measure is GAAP net income excluding, as applicable, stock-based compensation, amortization and impairment of purchased intangible assets, facility-exit costs, acquisition-related charges, cyber incident costs, insurance recoveries from cyber incident, restructuring charges, net of tax effects, as well as certain non-recurring tax expenses and benefits, which is a non-GAAP financial measure under Section 101 of Regulation G under the Securities Exchange Act of 1934, as amended. This measure of non-GAAP net income is adjusted by the amount of additional taxes or tax benefit that the Company would accrue if it used non-GAAP results instead of GAAP results to calculate the Company’s tax liability.

The non-GAAP adjustments, and F5's basis for excluding them from non-GAAP financial measures, are outlined below:

Stock-based compensation. Stock-based compensation consists of expense for stock options, restricted stock, and employee stock purchases through the Company’s Employee Stock Purchase Plan. Although stock-based compensation is an important aspect of the compensation of F5’s employees and executives, management believes it is useful to exclude stock-based compensation expenses to better understand the long-term performance of the Company’s core business and to facilitate comparison of the Company’s results to those of peer companies.

Amortization and impairment of purchased intangible assets. Purchased intangible assets are amortized over their estimated useful lives and generally cannot be changed or influenced by management after the acquisition. On a non-recurring basis, when certain events or circumstances are present, management may also be required to write down the carrying value of its purchased intangible assets and recognize impairment charges. Management does not believe these charges accurately reflect the performance of the Company’s ongoing operations; therefore, they are not considered by management in making operating decisions. However, investors should note that the use of intangible assets contributed to F5’s revenues earned during the periods presented and will contribute to F5’s future period revenues as well.

Facility-exit costs. F5 has incurred certain non-recurring right-of-use asset impairment charges, and other related recurring costs in connection with the exit of its leased facilities. These charges are not representative of the ongoing activity or costs to the business. As a result, these charges are being excluded to provide investors with a more comparable measure of costs associated with ongoing operations.

Acquisition-related charges, net. F5 does not acquire businesses on a predictable cycle, and the terms and scope of each transaction can vary significantly and are unique to each transaction. F5 excludes acquisition-related charges from its non-GAAP financial measures to provide a useful comparison of the Company’s operating results to prior periods and to its peer companies. Acquisition-related charges consist of planning, execution and integration costs incurred directly as a result of an acquisition.

Cyber incident costs. F5 has incurred certain non-recurring expenses in connection with the investigation and remediation of the Cyber Incident. Management believes it is useful to exclude these expenses as they are not representative of our ongoing operations and to facilitate comparison of the Company’s historical results and to those of peer companies.

Insurance recoveries from cyber incident. F5 has received insurance recoveries in connection with the cyber incident costs described above. Management believes it is useful to exclude these recoveries as they offset

Q3 FY26 Earnings Release

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the cyber incident costs non-GAAP adjustment, are not representative of our ongoing operations and to facilitate comparison of the Company's historical results and to those of peer companies.

Restructuring charges. F5 has incurred restructuring charges that are included in its GAAP financial statements, primarily related to workforce reductions and costs associated with exiting facility-lease commitments. F5 excludes these items from its non-GAAP financial measures when evaluating its continuing business performance as such items vary significantly based on the magnitude of the restructuring action and do not reflect expected future operating expenses. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of its business.

Management believes that non-GAAP net income per share provides useful supplemental information to management and investors regarding the performance of the Company’s core business operations and facilitates comparisons to the Company’s historical operating results. Although F5’s management finds this non-GAAP measure to be useful in evaluating the performance of the core business, management’s reliance on this measure is limited because items excluded from such measures could have a material effect on F5’s earnings and earnings per share calculated in accordance with GAAP. Therefore, F5’s management will use its non-GAAP earnings and earnings per share measures, in conjunction with GAAP earnings and earnings per share measures, to address these limitations when evaluating the performance of the Company’s core business. Investors should consider these non-GAAP measures in addition to, and not as a substitute for, financial performance measures in accordance with GAAP.

F5 believes that presenting its non-GAAP measures of earnings and earnings per share provides investors with an additional tool for evaluating the performance of the Company’s core business and is used by management in its own evaluation of the Company’s performance. Investors are encouraged to look at GAAP results as the best measure of financial performance. However, while the GAAP results are more complete, the Company provides investors these supplemental measures since, with reconciliation to GAAP, it may provide additional insight into the Company’s operational performance and financial results.

For reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section in our attached Condensed Consolidated Income Statements entitled “Non-GAAP Financial Measures.”

About F5

F5, Inc. (NASDAQ: FFIV) is the global leader that delivers and secures every app. Backed by three decades of expertise, F5 has built the industry’s premier platform—F5 Application Delivery and Security Platform (ADSP)—to deliver and secure every app, every API, anywhere: on-premises, in the cloud, at the edge, and across hybrid, multicloud environments. F5 is committed to innovating and partnering with the world’s largest and most advanced organizations to deliver fast, available, and secure digital experiences. Together, we help each other thrive and bring a better digital world to life.

For more information visit f5.com

Explore F5 Labs threat research at f5.com/labs

F5 is a trademark, service mark, or tradename of F5, Inc., in the U.S. and other countries.

SOURCE: F5, Inc.

F5, Inc.

Consolidated Balance Sheets

(unaudited, in thousands)

June 30, September 30,

2026 2025

ASSETS

Current assets

Cash and cash equivalents $ 1,605,782 $ 1,344,273

Accounts receivable, net of allowances of $2,788 and $2,877

428,678 414,433

Inventories 126,890 77,229

Other current assets 785,623 682,766

Total current assets 2,946,973 2,518,701

Property and equipment, net 197,284 156,947

Operating lease right-of-use assets 178,239 185,601

Long-term investments 21,991 15,693

Deferred tax assets 487,177 446,388

Goodwill 2,482,495 2,443,882

Other assets, net 514,915 552,280

Total assets $ 6,829,074 $ 6,319,492

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities

Accounts payable $ 136,157 $ 83,972

Accrued liabilities 344,442 315,383

Deferred revenue 1,289,567 1,213,226

Total current liabilities 1,770,166 1,612,581

Deferred tax liabilities 1,949 1,921

Deferred revenue, long-term 903,131 786,011

Operating lease liabilities, long-term 218,700 230,749

Other long-term liabilities 79,399 96,231

Total long-term liabilities 1,203,179 1,114,912

Commitments and contingencies

Shareholders’ equity

Preferred stock, no par value; 10,000 shares authorized, no shares issued and outstanding — —

Common stock, no par value; 200,000 shares authorized, 56,826 and 57,684 shares issued and outstanding

50,542 42,023

Accumulated other comprehensive loss (19,046) (18,324)

Retained earnings 3,824,233 3,568,300

Total shareholders’ equity 3,855,729 3,591,999

Total liabilities and shareholders’ equity $ 6,829,074 $ 6,319,492

F5, Inc.

Consolidated Income Statements

(unaudited, in thousands, except per share amounts)

Three Months Ended Nine Months Ended

June 30, June 30,

2026 2025 2026 2025

Net revenues

Products $ 462,829 $ 388,838 $ 1,283,627 $ 1,094,531

Services 402,248 391,532 1,215,615 1,183,451

Total 865,077 780,370 2,499,242 2,277,982

Cost of net revenues

Products 93,498 88,782 276,659 252,905

Services 60,066 59,846 179,590 177,192

Total 153,564 148,628 456,249 430,097

Gross profit 711,513 631,742 2,042,993 1,847,885

Operating expenses

Sales and marketing 238,026 220,428 702,214 644,524

Research and development 164,661 136,345 456,861 403,424

General and administrative 95,589 78,652 277,834 228,320

Restructuring charges (30) — (388) 11,321

Total 498,246 435,425 1,436,521 1,287,589

Income from operations 213,267 196,317 606,472 560,296

Other income, net 12,932 16,706 31,866 32,971

Income before income taxes 226,199 213,023 638,338 593,267

Provision for income taxes 17,991 23,111 102,321 91,380

Net income $ 208,208 $ 189,912 $ 536,017 $ 501,887

Net income per share — basic $ 3.67 $ 3.29 $ 9.40 $ 8.65

Weighted average shares — basic 56,726 57,772 57,031 57,989

Net income per share — diluted $ 3.62 $ 3.25 $ 9.29 $ 8.54

Weighted average shares — diluted 57,550 58,492 57,674 58,773

F5, Inc.

Consolidated Statements of Cash Flows

(unaudited, in thousands)

Nine Months Ended

June 30,

2026 2025

Operating activities

Net income $ 536,017 $ 501,887

Adjustments to reconcile net income to net cash provided by operating activities:

Stock-based compensation 193,535 174,243

Depreciation and amortization 72,613 67,608

Non-cash operating lease costs 22,377 23,727

Deferred income taxes (38,644) (56,308)

Other (3,300) 3,918

Changes in operating assets and liabilities (excluding effects of the acquisition of businesses):

Accounts receivable (14,262) 26,834

Inventories (49,661) 9,458

Other current assets (101,005) (54,523)

Other assets 5,618 (68,332)

Accounts payable and accrued liabilities 50,995 (19,031)

Deferred revenue 192,266 159,003

Lease liabilities (25,176) (26,886)

Net cash provided by operating activities 841,373 741,598

Investing activities

Purchases of investments (4,850) (4,400)

Maturities of investments 402 —

Sales of investments 1,575 —

Acquisition of businesses, net of cash acquired (47,619) (24,170)

Purchases of property and equipment (63,705) (27,119)

Net cash used in investing activities (114,197) (55,689)

Financing activities

Proceeds from the exercise of stock options and purchases of stock under employee stock purchase plan 59,596 59,018

Payments for repurchase of common stock, including excise taxes (501,109) (377,077)

Taxes paid related to net share settlement of equity awards (22,664) (19,601)

Net cash used in financing activities (464,177) (337,660)

Net increase in cash, cash equivalents and restricted cash 262,999 348,249

Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,375) 2,442

Cash, cash equivalents and restricted cash, beginning of period 1,346,368 1,078,340

Cash, cash equivalents and restricted cash, end of period $ 1,607,992 $ 1,429,031

Supplemental disclosures of cash flow information

Cash paid for amounts included in the measurement of operating lease liabilities $ 31,490 $ 34,121

Supplemental disclosures of non-cash activities

Right-of-use assets obtained in exchange for lease obligations $ 15,744 $ 37,198

F5, Inc.

GAAP to Non-GAAP Reconciliation

(unaudited, in thousands, except percentages and per share amounts)

Three Months Ended Nine Months Ended

June 30, June 30,

2026 2025 2026 2025

Net revenues $ 865,077 $ 780,370 $ 2,499,242 $ 2,277,982

Gross profit and gross margin:

GAAP gross profit and gross margin $ 711,513 82.2 % $ 631,742 81.0 % $ 2,042,993 81.7 % $ 1,847,885 81.1 %

Adjustments to gross profit and gross margin:

Stock-based compensation $ 6,905 0.8 % $ 7,408 0.9 % $ 21,204 0.8 % $ 22,201 1.0 %

Amortization and impairment of purchased intangible assets 9,152 1.1 % 9,438 1.2 % 30,432 1.2 % 28,005 1.2 %

Facility-exit costs 121 0.0 % 118 0.0 % 303 0.0 % 679 0.0 %

Acquisition-related charges — 0.0 % — — — 0.0 % — —

Cyber incident costs 770 0.1 % — — 2,416 0.1 % — —

Non-GAAP gross profit and gross margin $ 728,461 84.2 % $ 648,706 83.1 % $ 2,097,348 83.9 % $ 1,898,770 83.4 %

Income from operations and operating margin:

GAAP income from operations and operating margin $ 213,267 24.7 % $ 196,317 25.2 % $ 606,472 24.3 % $ 560,296 24.6 %

Adjustments to income from operations and operating margin:

Stock-based compensation $ 65,534 7.6 % $ 57,451 7.4 % $ 193,535 7.7 % $ 174,243 7.6 %

Amortization and impairment of purchased intangible assets 9,619 1.1 % 10,250 1.3 % 32,523 1.3 % 30,488 1.3 %

Facility-exit costs 1,224 0.1 % 1,243 0.2 % 3,077 0.1 % 6,727 0.3 %

Acquisition-related charges 10,064 1.2 % 2,032 0.3 % 28,902 1.2 % 3,937 0.2 %

Cyber incident costs 2,978 0.3 % — — 26,503 1.1 % — —

Restructuring charges (30) 0.0 % — — (388) 0.0 % 11,321 0.5 %

Non-GAAP income from operations and operating margin $ 302,656 35.0 % $ 267,293 34.3 % $ 890,624 35.6 % $ 787,012 34.5 %

Net income:

GAAP net income $ 208,208 $ 189,912 $ 536,017 $ 501,887

Adjustments to net income:

Stock-based compensation $ 65,534 $ 57,451 $ 193,535 $ 174,243

Amortization and impairment of purchased intangible assets 9,619 10,250 32,523 30,488

Facility-exit costs 1,224 1,243 3,077 6,727

Acquisition-related charges 10,064 2,032 28,902 3,937

Cyber incident costs 2,978 — 26,503 —

Insurance recoveries from cyber incident (5,309) — (5,309) —

Restructuring charges (30) — (388) 11,321

Tax effects related to above items (20,344) (17,647) (60,957) (57,296)

Non-GAAP net income $ 271,944 $ 243,241 $ 753,903 $ 671,307

Net income per share - diluted:

GAAP net income per share — diluted $ 3.62 $ 3.25 $ 9.29 $ 8.54

Adjustments to GAAP net income per share — diluted

Stock-based compensation $ 1.14 $ 0.98 $ 3.36 $ 2.96

Amortization and impairment of purchased intangible assets 0.17 0.18 0.56 0.52

Facility-exit costs 0.02 0.02 0.05 0.11

Acquisition-related charges 0.17 0.03 0.50 0.07

Cyber incident costs 0.05 — 0.46 —

Insurance recoveries from cyber incident

(0.09) — (0.09) —

Restructuring charges (0.00) — (0.01) 0.19

Tax effects related to above items (0.35) (0.30) (1.06) (0.97)

Non-GAAP net income per share — diluted $ 4.73 $ 4.16 $ 13.07 $ 11.42

Weighted average shares — diluted 57,550 58,492 57,674 58,773

Note: Numbers and percentages are rounded for presentation purposes and may not foot.

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Area code of city

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No definition available.

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- Definition

Cover page.

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No definition available.

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- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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No definition available.

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Period Type:

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- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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No definition available.

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Name:

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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No definition available.

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Name of the City or Town

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No definition available.

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- Definition

Code for the postal or zip code

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No definition available.

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- Definition

Name of the state or province.

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No definition available.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

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Data Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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