A10 Networks, Inc. · NYSE:ATEN
A10 Networks — Q2 2026 Earnings Presentation
17 slides from A10 Networks's earnings presentation, Aug 5, 2026
Slide 1: Q2 2026 Financial Results and Commentary
Q2 2026 Financial Results and Commentary August 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 Q2 and YTD 2026 Overview 2026 Outlook
Slide 4: Q2'26: Profitable Growth, Durable Secular Catalysts
Q2’26: Profitable Growth, Durable Secular Catalysts Revenue Overview Consistent Profitability Key Takeaways Q2 Revenue increased 15.5% Increasing relevance supporting Non-GAAP gross margins of 80.3% year-over-year, next-generation infrastructure with 1H revenue growing and applications, including AI
Slide 5: 2026 Outlook Update
2026 Outlook Update Revenue Outlook EPS Outlook Upgrade outlook from previously guided Upgrade outlook from previously guided 10-12% FY YoY growth to 12-14% FY YoY growth to 12-14% 14-16% FY YoY growth FY YoY growth
Slide 6: Revenue and Adjusted EBITDA
Revenue and Adjusted EBITDA Revenue, $ Millions Revenue, $ Millions $80.4 $80.1 $155.1 $74.7 $75.0 $135.5 $69.4 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 YTD Q2 2025 YTD Q2 2026 Adjusted EBITDA, $ Millions Adjusted EBITDA, $ Millions $24.9 $24.4 $46.9 $21.9 $22.5 $19.7 $39.2 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 YTD Q2
Slide 7: Revenue by Customer Vertical
Revenue by Customer Vertical Revenue, $ Millions $32.1 $46.3 $32.8 $47.8 $41.6 $48.0 $42.2 $34.1 $27.8 $26.9 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Service Provider Enterprise
Slide 8: Revenue by Geography
Revenue by Geography % of Revenue 15% 12% 14% 14% 11% YTD Q2’26 26% 22% 22% 19% 21% $155.1 million 12% 20% 65% 64% 67% 68% 59% 68% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Americas APJ EMEA
Slide 9: What We Do
What We Do Unified Product Architecture AI Infrastructure Enablement Legacy Next-Generation Security Networking Networking Application-aware traffic steering Multi-layer DDoS mitigation (L3-L7) Massive scale traffic management East-west load balancing Web and API protection for modern Now Carrier-gr
Slide 10: Consistent Value Creation
Consistent Value Creation Revenue Business Capital Growth Model Allocation
Slide 11: Thank You
AI10 Always Secure. Always Available. Thank You.
Slide 12: A10Networks.com
Ai0 Always Secure. Always Available. A10Networks.com
Slide 13: Appendix
Appendix 13 ©2026 A10 Networks, Inc. All rights reserved.
Slide 14: Financial Performance Trends
Financial Performance Trends $ Millions (except Margins and EPS) FY FY FY Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3'25 Q4’25 Q1’26 Q2’26 1H’26 2023 2024 2025 Revenue $57.7 $65.8 $57.8 $70.4 $251.7 $60.7 $60.1 $66.7 $74.2 $261.7 $66.1 $69.4 $74.7 $80.4 $290.6 $75.0 $80.1 $155.1 N
Slide 15: GAAP to Non-GAAP – Gross Margin and EPS
GAAP to Non-GAAP – Gross Margin and EPS Year Ended Year to Date % of Revenue except EPS Q1'25 Q2'25 Q3'25 Q4'25 Dec 31 2025 Q1'26 Q2'26 Jun 30 2026 Gross Margin % - GAAP 79.7% 78.9% 80.1% 78.7% 79.3% 79.6% 79.1% 79.4% Stock-based compensation 1.0% 0.7% 0.2% 0.5% 0.6% 0.5% 0.8% 0.7% Amortization expe
Slide 16: GAAP to Non-GAAP – Operating Income
GAAP to Non-GAAP – Operating Income Year Ended Year to Date $ Millions Q1'25 Q2'25 Q3'25 Q4'25 Dec 31 2025 Q1'26 Q2'26 Jun 30 2026 Income from operations $ - GAAP $ 8.8 $ 10.3 $ 13.0 $ 15.1 $ 47.1 $ 13.0 $ 9.0 $ 22.0 Stock-based compensation and related payroll tax 6.3 4.6 5.0 4.9 20.7 5.1 9.3 14.3
Slide 17: GAAP to Non-GAAP – Adjusted EBITDA
GAAP to Non-GAAP – Adjusted EBITDA Year Ended Year to Date $ Millions Q1'25 Q2'25 Q3'25 Q4'25 Dec 31 2025 Q1'26 Q2'26 Jun 30 2026 GAAP net income $ 9.5 $ 10.5 $ 12.2 $ 9.9 $ 42.1 $ 12.0 $ 8.9 $ 20.9 Exclude: Interest income and other income, net (1.7) (1.6) (1.0) (1.0) (5.3) (1.2) (0.9) (2.1) Exclud