A10 Networks, Inc. · NYSE:ATEN
A10 Networks — Q3 2026 Earnings Presentation
18 slides from A10 Networks's earnings presentation, Nov 5, 2026
Slide 1: Q3 2026 Financial Results and Commentary
Q3 2026 Financial Results and Commentary November 5, 2026
Slide 2: Cautionary Statements & Disclosures
Cautionary Statements & Disclosures This presentation and the accompanying oral presentation contain “forward-looking” statements that are based on our management’s beliefs and assumptions, including statements regarding dividends and capital return, demand and market trends, strategy and competitiv
Slide 3: Agenda
Agenda Q3 and YTD 2026 Overview 2026 Outlook
Slide 4: Q3'26: Record Growth and Profitability Fueled by Durable Secular Catalysts
Q3’26: Record Growth and Profitability Fueled by Durable Secular Catalysts Consistent Profitability Key TakeawaysRevenue Overview Q3 Revenue increased ~23% year-over-year to record levels, with YTD revenue growing ~17% year-over-year Double-digit growth excluding largest customer in the quarter Adju
Slide 5: A10 Enables Secure and Available AI Applications
A10 Enables Secure and Available AI Applications AI Delivery & Connectivity Reliable access to AI applications Distributes AI application traffic and connects employees to external AI services Thunder ADC · Thunder CGN Example: global cloud services provider supporting an enterprise AI assistant AI
Slide 6: 2026 Outlook Update
2026 Outlook Update Revenue Outlook EPS Outlook Upgrade outlook from previously guided 12-14% FY YoY growth to 16% FY YoY growth Upgrade outlook from previously guided 14-16% FY YoY growth to 20-22% FY YoY growth
Slide 7: Revenue and Adjusted EBITDA
Revenue and Adjusted EBITDA $74.7 $80.4 $75.0 $80.1 $91.5 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Revenue, $ Millions $19.7 $21.9 $24.9 $22.5 $24.4 $29.5 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Adjusted EBITDA, $ Millions $210.2 $246.7 YTD Q3 2025 YTD Q3 2026 Revenue, $ Millions $61.1 $76.4 YTD Q3 2025 YTD Q3 202
Slide 8: Revenue by Customer Vertical
Revenue by Customer Vertical $26.9 $34.1 $42.2 $48.0 $53.3 $47.8 $46.3 $32.8 $32.1 $38.2 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Revenue, $ Millions Service Provider Enterprise
Slide 9: Revenue by Geography
Revenue by Geography 65% 64% 67% 68% 64% 22% 22% 19% 21% 21% 12% 14% 14% 11% 15% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 % of Revenue Americas APJ EMEA 66% 20% 14% YTD Q3’26 $246.7 million
Slide 10: Unified Product Architecture
Unified Product Architecture What We Do AI Infrastructure Enablement Massive scale traffic management Carrier-grade traffic processing High-performance NAT Application-aware traffic steering East-west load balancing Flexible performance optimization for distributed workloads Multi-layer DDoS mitigat
Slide 11: Consistent Value Creation
Consistent Value Creation Business Model Revenue Growth Capital Allocation
Slide 12: Always Secure. Always Available.
AIO Always Secure. Always Available.
Slide 13: A10Networks.com
A10Networks.com
Slide 14: Appendix
Appendix 14 ©2026 A10 Networks, Inc. All rights reserved.
Slide 15: Financial Performance Trends
Financial Performance Trends Numbers may not sum due to rounding. Please refer to the supplemental financials posted in the “Investor Relations” section of the A10 Networks website at investors.A10networks.com Gross Margin %, Operating Margin %, Adjusted EBITDA and EPS are Non-GAAP Financial Measure
Slide 16: GAAP to Non-GAAP – Gross Margin and EPS
GAAP to Non-GAAP – Gross Margin and EPS Numbers may not sum due to rounding. EPS data is presented on a basic and diluted basis. Please refer to the supplemental financials posted the “Investor Relations” section of the A10 Networks website at investors.A10networks.com. Year Ended Year Ended Year to
Slide 17: GAAP to Non-GAAP – Operating Income
GAAP to Non-GAAP – Operating Income Numbers may not sum due to rounding. Please refer to the supplemental financials posted the “Investor Relations” section of the A10 Networks website at investors.A10networks.com. Q3’23 Year Ended Year Ended Year to Date $ Millions Q1'24 Q2'24 Q3'24 Q4'24 Dec 31 20
Slide 18: GAAP to Non-GAAP – Adjusted EBITDA
GAAP to Non-GAAP – Adjusted EBITDA Numbers may not sum due to rounding. Please refer to the supplemental financials posted the “Investor Relations” section of the A10 Networks website at investors.A10networks.com. Year Ended Year Ended Year to Date $ Millions Q1'24 Q2'24 Q3'24 Q4'24 Dec 31 2024 Q1'2