A10 Networks

A10 Networks (ATEN) Q4 2025 Earnings

Reported Feb 4, 2026 at 4:18 PM ET · SEC Source

Q4 25 EPS

$0.26

BEAT +9.38%

Est. $0.24

Q4 25 Revenue

$80.4M

BEAT +2.91%

Est. $78.1M

vs S&P Since Q4 25

+95.7%

BEATING MARKET

ATEN +106.6% vs S&P +10.9%

Full Year 2025 Results

FY 25 EPS

$0.90

FY 25 Revenue

$290.6M

Market Reaction

Did ATEN Beat Earnings? Q4 2025 Results

A10 Networks closed out fiscal 2025 on a strong note, posting fourth-quarter revenue of $80.36 million, up 8.3% year-over-year and ahead of the $78.09 million consensus estimate, while non-GAAP EPS of $0.26 came in 9.38% above the $0.24 Wall Street e… Read more A10 Networks closed out fiscal 2025 on a strong note, posting fourth-quarter revenue of $80.36 million, up 8.3% year-over-year and ahead of the $78.09 million consensus estimate, while non-GAAP EPS of $0.26 came in 9.38% above the $0.24 Wall Street expected. The beat was powered primarily by product revenue, which climbed to $48.83 million from $43.34 million a year ago, as demand for security-led networking solutions across service provider and enterprise customers continued to build momentum. Full-year revenue reached $290.56 million, an 11% jump over FY 2024, with adjusted EBITDA margin expanding to 29.6% from 28.5%. GAAP net income for the quarter fell to $9.87 million from $18.30 million in the year-ago period, weighed down by higher taxes, acquisition-related costs, and a $951,000 asset impairment charge. Looking ahead, management guided for 10-12% revenue growth in 2026 and EPS growth of 12-14%, with AI infrastructure buildouts and integrated security cited as key catalysts, sending shares to a 52-week high in the days following the report.

Key Takeaways

  • Security-led revenue exceeded 65% long-term target
  • Strong end demand across portfolio with market share gains
  • AI infrastructure deployments driving customer adoption
  • Data center buildouts requiring high-throughput, low-latency, integrated security solutions
  • Service Provider revenue growth to $174.7 million in FY 2025 from $150.4 million in FY 2024
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ATEN YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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ATEN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26
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ATEN Revenue by Geography

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“A10 continues to benefit from strong end demand across its portfolio, capturing market share as customers deploy our solutions to support AI infrastructure and driving growth ahead of the market. A10's strategic position, aligned with the increasingly pressing demands for high-throughput, low-latency, and integrated security, are benefitting us as we work with customers on their data center buildouts. Security-led revenue has now achieved our stated target model of two-thirds of our revenue and continues to drive consistent growth.”

— Dhrupad Trivedi, Q4 2025 Earnings Press Release