Netscout Systems, Inc. · NASDAQ:NTCT

Netscout Systems — Q3 2026 Earnings Presentation

22 slides from Netscout Systems's earnings presentation, Feb 5, 2026

  1. Slide 1: Q3 FY'26 Financial Results Conference Call

    Q3 FY’26 Financial Results Conference Call PERIOD ENDED December 31, 2025 Published February 5, 2026 COPYRIGHT © 2026 NETSCOUT SYSTEMS, INC. | 1

  2. Slide 2: Agenda

    Agenda 01 Introduction Scott Dressel, Vice President Corporate Finance CEO Perspective 02 Anil Singhal, President & Chief Executive Officer (CEO) CFO Financial Review 03 Tony Piazza, Executive Vice President & Chief Financial Officer (CFO) 04 Question & Answer Session COPYRIGHT © 2026 NETSCOUT SYSTE

  3. Slide 3: Forward-Looking Statements

    Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal s

  4. Slide 4: Non-GAAP Financial Metrics

    Non-GAAP Financial Metrics To supplement the financial measures presented in NETSCOUT’s presentation in accordance with accounting principles generally accepted in the United States (GAAP), NETSCOUT also reports the following non-GAAP measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP

  5. Slide 5: CEO Perspective

    CEO Perspective Anil Singhal, President & Chief Executive Officer COPYRIGHT © 2026 NETSCOUT SYSTEMS, INC. | 5

  6. Slide 6: Q3 FY'26 & YTD FY'26 Financial Highlights

    Q3 FY’26 & YTD FY’26 Financial Highlights (GAAP revenue, other metrics non-GAAP) Total Revenue Gross Margin Operating Margin Diluted EPS (GAAP) (Non-GAAP) (Non-GAAP) (Non-GAAP) Q3 Q3 Q3 Q3 $250.7M 82.8% 35.9% $1.00 -0.5% Y/Y Consistent Y/Y +0.3pts Y/Y +6% Y/Y YTD YTD YTD YTD $656.4M 81.1% 26.6% $1.9

  7. Slide 7: Business & Market Insights

    Business & Market Insights Service Cybersecurity Assurance Product Line Market Insights Customer Wins Performance COPYRIGHT © 2026 NETSCOUT SYSTEMS, INC. | 7

  8. Slide 8: FY'26 Outlook & Summary

    FY’26 Outlook & Summary Remain focused on executing Raising midpoint of FY26 Committed to helping customers on our strategic priorities: revenue and EPS outlooks leverage the power of our AI- while we continue to ready data platform to address Product innovation successfully navigate the performance

  9. Slide 9: CFO Financial Review

    CFO Financial Review Q3 FY’26 Results Tony Piazza, Executive Vice President & Chief Financial Officer COPYRIGHT © 2026 NETSCOUT SYSTEMS, INC. | 9

  10. Slide 10: Q3 FY'26 & YTD FY'26 Results

    Q3 FY’26 & YTD FY’26 Results (GAAP revenue, other metrics non-GAAP) Y/Y Y/Y Q3 FY'25 Q3 FY'26 YTD FY'25 YTD FY'26 $M (except EPS & % data) Change Change Revenue $252.0 $250.7 (0.5%) $617.7 $656.4 6.3% Product Revenue $128.2 $121.7 (5.0%) $270.4 $289.4 7.0% Service Revenue $123.8 $129.0 4.1% $347.3 $

  11. Slide 11: YTD FY'26 Revenue Trends: Product Lines & Customer Verticals

    YTD FY’26 Revenue Trends: Product Lines & Customer Verticals Revenue by Product Line Revenue by Customer Vertical Total $656.4 +6.3% $656.4 Total $617.7 $617.7 +6.3% $235.9 $216.4 36% $383.8 35% Cyber $350.9 +9.0% 57% 58% ENT +9.4% $401.3 $420.6 65% 64% SP SA $266.7 $272.7 +4.8% +2.2% 43% 42% YTD FY

  12. Slide 12: YTD FY'26 Revenue Trends: Geographic Mix

    YTD FY’26 Revenue Trends: Geographic Mix YTD FY'25 8% 59% 41% 15% Y/Y 18% YTD FY'25 YTD FY'26 Change $M Revenue $617.7 $656.4 6.3% United States $365.1 $372.9 2.1% International $252.6 $283.6 12.2% Europe $110.1 $113.7 3.3% Asia $47.2 $45.6 (3.2%) YTD FY'26 Rest of World $95.4 $124.2 30.3% 7% 57% 43

  13. Slide 13: Balance Sheet & Free Cash Flow Review

    Balance Sheet & Free Cash Flow Review $M (GAAP, Unaudited) Q3 FY'26 Financial Profile (Non-GAAP) Q3 FY'26 Cash and Securities $ 586.2 Total Liquidity $ 1,186.2 Accounts Receivable, Net $ 234.6 Liquidity to EBITDA 4.9x Inventories $ 12.4 Gross Leverage 0.0x Total Long-Term Debt $ - Net Leverage (2.4x

  14. Slide 14: FY'26 Outlook

    FY’26 Outlook $M FY'25 FY'26 Outlook Other FY’26 Outlook Assumptions Revenue $822.7 $835 - $870 • Anticipate annual tax rate of approximately 20% EPS (Diluted) FY'25 FY'26 Outlook • Anticipate approximately 73 to 74 million weighted average diluted GAAP EPS ($5.12)* $1.15 - $1.23* shares outstanding

  15. Slide 15: Appendix

    Appendix COPYRIGHT © 2026 NETSCOUT SYSTEMS, INC. | 15

  16. Slide 16: Q3 FY'26 & YTD FY'26 Results GAAP

    Q3 FY’26 & YTD FY’26 Results GAAP Q3 FY'25 Q3 FY'26 Y/Y YTD FY'25 YTD FY'26 Y/Y $M (except EPS & % data) Change Change Revenue: $ 252.0 $ 250.7 (0.5%) $ 617.7 $ 656.4 6.3% Product Revenue $ 128.2 $ 121.7 (5.0%) $ 270.4 $ 289.4 7.0% Service Revenue $ 123.8 $ 129.0 4.1% $ 347.3 $ 367.0 5.7% Cost of Re

  17. Slide 17: Q3 FY'26 & YTD FY'26 Results

    Q3 FY’26 & YTD FY’26 Results (GAAP revenue, other metrics non-GAAP) Q3 FY'25 Q3 FY'26 Y/Y YTD FY'25 YTD FY'26 Y/Y $M (except EPS & % data) Change Change Revenue: $ 252.0 $ 250.7 (0.5%) $ 617.7 $ 656.4 6.3% Product Revenue $ 128.2 $ 121.7 (5.0%) $ 270.4 $ 289.4 7.0% Service Revenue $ 123.8 $ 129.0 4.

  18. Slide 18: Q3 FY'26 GAAP to Non-GAAP Reconciliation

    Q3 FY’26 GAAP to Non-GAAP Reconciliation Q3 Q2 FYTD Ending 12/31 Ending 9/30 Ending 12/31 $Thousands (except EPS) 2025 2024 2025 2025 2024 GAAP Revenue $ 250,683 $ 252,019 $ 219,017 $ 656,447 $ 617,692 Gross Profit (GAAP) $ 204,654 $ 205,407 $ 175,407 $ 523,386 $ 484,654 Share-based compensation exp

  19. Slide 19: Q3 FY'26 GAAP to Non-GAAP Reconciliation

    Q3 FY’26 GAAP to Non-GAAP Reconciliation Q3 Q2 FYTD Ending 12/31 Ending 9/30 Ending 12/31 $Thousands (except EPS) 2025 2024 2025 2025 2024 (1) Share-based compensation expense included in these amounts is as follows: Cost of product revenue $ 298 $ 287 $ 297 $ 1,008 $ 1,013 Cost of service revenue 1

  20. Slide 20: FY'26 Outlook: GAAP to Non-GAAP Reconciliation

    FY’26 Outlook: GAAP to Non-GAAP Reconciliation $M (except EPS) FY'25 FY'26 GAAP revenue $ 822.7 ~ $835 to ~$870 FY'25 FY'26 GAAP net income (loss) $ (366.9) ~$85 to ~$91 Amortization of intangible assets $ 50.4 ~$47 Share-based compensation expenses $ 64.8 ~$62 Acquisition related depreciation expen

  21. Slide 21: Financial Measures & Additional Information

    Financial Measures & Additional Information • Cash and securities defined as cash, cash equivalents, short- and long-term marketable securities, and investments • Liquidity calculated as available credit under the Company’s senior secured credit facility plus cash and securities divided by the 12-mo

  22. Slide 22: COPYRIGHT © 2026 NETSCOUT SYSTEMS, INC. |

    COPYRIGHT © 2026 NETSCOUT SYSTEMS, INC. | 22

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