The strong beat and maintained guidance reinforce the AI infrastructure growth narrative. Watch for potential upside to full-year guidance if momentum persists, particularly in the Enterprise segment which grew 42% YoY. The next catalyst is likely the investor event mentioned in the prior quarter.
Price Chart
Executive Summary
A10 Networks reported Q1 2026 revenue of $75.0M (up 13.4% YoY), GAAP EPS of $0.17, and non-GAAP EPS of $0.24, significantly beating the $0.16 Street consensus. The company reiterated its full-year 2026 guidance for 10-12% revenue growth and expanding margins, supported by strong AI infrastructure demand.
Key Financial Metrics
Key Facts
- Revenue $75.0M, +13.4% YoY vs $66.1M
- GAAP net income $12.0M ($0.17 diluted), non-GAAP net income $17.7M ($0.24 diluted)
- Non-GAAP EPS $0.24 vs Street consensus $0.16 (50% beat)
- Adjusted EBITDA $22.5M (30.0% of revenue)
- Cash and marketable securities $369.8M
- Quarterly dividend of $0.06/shr declared, payable June 1, 2026
- Full-year 2026 guidance reiterated: revenue growth 10-12%, EBITDA margin 28-30%, EPS growth 12-14%
Financial Impact
Revenue beat consensus by ~$2.4M and non-GAAP EPS beat by $0.08, driving positive sentiment
Risk Factors
- Supply chain constraints for components could pressure margins
- Dependence on top customers for large deals
- Convertible debt ($219M) adds leverage and dilution risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001580808-26-000023 |
| Document: aten-20260428.htm | 0001580808-26-000023 |
| Document: aten-q1x2026xearningsxca.htm | 0001580808-26-000023 |
| Document: 0001580808-26-000023-index-headers.html | 0001580808-26-000023 |
| Document: 0001580808-26-000023-index.html | 0001580808-26-000023 |
| Document: 0001580808-26-000023.txt | 0001580808-26-000023 |
| 8-K Data (Synthetic) | 0001580808-26-000023 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Institutional Cluster | $25.05 | awaiting T+20 | — | $26.90 (+7.39%) |
Oct 7, 2026 20d ago | 3 | $27.96 | awaiting T+20 | — | $26.90 (−3.79%) |
Sep 14, 2026 6w ago | 8-K | $25.61 $28.72 | ▲ +12.14% | ▲ +9.88% | $26.90 (+5.04%) |
Aug 16, 2026 10w ago | Institutional Cluster | $27.35 $26.75 | ▼ −2.19% | ▼ −0.22% | $26.90 (−1.65%) |
Aug 6, 2026 11w ago | 8-K | $26.84 $24.59 | ▼ −8.38% | ▼ −7.99% | $26.90 (+0.22%) |
Jun 11, 2026 19w ago | Institutional Cluster | $32.66 $38.11 | ▲ +16.69% | ▲ +14.80% | $26.90 (−17.64%) |
May 5, 2026 24w ago | 144 | $26.72 $31.44 | ▲ +17.66% | ▲ +14.88% | $26.90 (+0.67%) |
May 1, 2026 25w ago | 8-K | $27.04 $31.54 | ▲ +16.64% | ▲ +11.00% | $26.90 (−0.52%) |
Apr 28, 2026 26w ago | 8-K | $26.63 $29.15 | ▲ +9.46% | ▲ +4.00% | $26.90 (+1.01%) |
Apr 8, 2026 28w ago | DEFA14A | $25.03 $27.13 | ▲ +8.39% | ▼ −0.15% | $26.90 (+7.47%) |
US Market Status
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