Slide 1: Q1 2026 Financial Results and Commentary
Q1 2026 Financial Results and Commentary April 28, 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 Q1 2026 Overview 2026 Outlook
Slide 4: Q1'26: Profitable Growth, Durable Secular Catalysts
Q1’26: Profitable Growth, Durable Secular Catalysts Revenue Overview Consistent Profitability Key Takeaways Q1 Revenue increased 13.4% Increasing relevance supporting Non-GAAP gross margins of 80.6% year-over-year AI infrastructure and applications Security-led revenue continues Adjusted EBITDA marg
Slide 5: Revenue and Adjusted EBITDA
Revenue and Adjusted EBITDA Revenue, $ Millions Revenue, $ Millions $80.4 $74.7 $75.0 $66.1 $69.4 $75.0 $66.1 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1 2025 Q1 2026 Adjusted EBITDA, $ Millions Adjusted EBITDA, $ Millions $24.9 $21.9 $22.5 $22.5 $19.5 $19.7 $19.5 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1 2025 Q1 2026
Slide 6: Revenue by Customer Vertical
Revenue by Customer Vertical Enterprise Revenue, $ Millions Revenue, $ Millions $42.2 $32.8 $27.1 $46.3 $47.8 $39.0 $41.6 Q1 2025 Q1 2026 $42.2 Service Provider $34.1 Revenue, $ Millions $27.1 $27.8 $26.9 $39.0 $32.8 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Service Provider Enterprise Q1 2025 Q1 2026
Slide 7: Revenue by Geography
Revenue by Geography $ Millions 15% 12% 14% 14% 21% Q1’26 26% 22% 22% 19% $75.0 million 28% 14% 19% 65% 64% 67% 59% 67% 51% Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Americas APJ EMEA
Slide 8: What We Do
What We Do Unified Product Architecture AI Infrastructure Enablement Legacy Next-Generation Network Networking Networking Security 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 Ca
Slide 9: Consistent Value Creation
Consistent Value Creation Revenue Business Capital Growth Model Allocation
Slide 10: Thank You
A110 Always Secure. Always Available. Thank You -
Slide 11: A10Networks.com
AiO Always Secure. Always Available. > A10Networks.com
Slide 12: Appendix
Appendix 12 ©2026 A10 Networks, Inc. All rights reserved.
Slide 13: Financial Performance Trends
Financial Performance Trends $ Millions (except Margins and EPS) FY FY Q1’23 Q2’23 Q3’23 Q4’23 FY 2023 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3'25 Q4’25 Q1’26 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 Non-GAAP 83.1% 80.2% 81.8%
Slide 14: 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.
Slide 15: GAAP to Non-GAAP – Operating Income
GAAP to Non-GAAP – Operating Income Q3’23 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.
Slide 16: 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.