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A10 Networks Reports Financial Results for the Third Quarter of 2026
Broad-Based Demand Drives 23% Revenue Growth and Record Quarterly Results
SAN JOSE, Calif., November 05, 2026–(<a href="https://www.businesswire.com” rel=”nofollow noopener” target=”_blank”>BUSINESS WIRE)–A10 Networks, Inc. (NYSE: ATEN), a leading provider of secure application services and solutions, today announced financial results for its third quarter ended September 30, 2026.
Third Quarter 2026 Financial Summary
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Quarterly revenue of $91.5 million, a 22.6% year-over-year increase. Revenue for the first nine months of 2026 was $246.7 million compared to $210.2 million for the first nine months of 2025, an increase of approximately 17.4%.
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GAAP gross profit of $72.1 million and non-GAAP gross profit of $73.3 million. GAAP gross margin was 78.7% and non-GAAP gross margin was 80.0%.
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GAAP income from operations of $18.3 million, and Non-GAAP income from operations of $25.5 million.
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GAAP net income of $17.2 million, or $0.23 per diluted share, non-GAAP net income of $23.6 million, or $0.31 per diluted share.
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Non-GAAP Adjusted EBITDA of $29.5 million, or 32.2% of revenue.
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The Company returned $27.4 million to investors, having repurchased 879 thousand shares during the quarter at an average price of $26.18 per share for a total of $23.0 million and having paid $4.4 million in cash dividends in the quarter.
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The Board of Directors approved the quarterly cash dividend of $0.06 per share, payable December 1, 2026 to stockholders of record at the close of business on November 16, 2026.
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As of September 30, 2026, A10 had $360.4 million in cash, cash equivalents, and marketable securities.
A reconciliation between GAAP and non-GAAP information is contained in the financial statements below.
“Third quarter revenue increased 22.6% year-over-year to record quarterly levels, supported by broad-based customer demand, with our business model enabling record non-GAAP operating and net income levels,” said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. “Rising network traffic volumes, expanding AI deployments and increasingly complex security requirements are driving demand for A10’s networking and security solutions. Revenue from customers other than our largest customer grew double digits year over year in the quarter, underscoring the breadth of our momentum. Non-GAAP EPS grew faster than revenue, and our combined revenue growth and adjusted EBITDA margin exceeded the rule of 40.”
“Our priority remains supporting our customers, particularly as they deploy AI, while capturing growing demand and protecting the long-term earnings power of the business,” Trivedi continued. “As the industry navigates supply challenges, we are focused on translating revenue growth into higher gross profit dollars, operating leverage and EPS growth. Our progress, expanding global opportunity and continued execution give us confidence in setting long-term targets of $500 million in annual revenue through organic growth and $2.00 in annual non-GAAP EPS for fiscal year 2029. This target incorporates the accounting impact of our warrant agreement with our largest customer and implies a 14% compound annual revenue growth rate.”
