A10 Networks (ATEN) Q1 2026 Earnings
Reported Apr 28, 2026 at 4:10 PM ET · SEC Source
Q1 26 EPS
$0.24
BEAT +4.21%
Est. $0.23
Q1 26 Revenue
$75.0M
BEAT +3.29%
Est. $72.6M
vs S&P Since Q1 26
+35.8%
BEATING MARKET
ATEN +41.5% vs S&P +5.6%
Market Reaction
Did ATEN Beat Earnings? Q1 2026 Results
A10 Networks kicked off fiscal 2026 with a clean beat on both the top and bottom lines, as surging enterprise demand for AI infrastructure solutions powered results well ahead of Wall Street expectations. The company posted Q1 revenue of $75.00 milli… Read more A10 Networks kicked off fiscal 2026 with a clean beat on both the top and bottom lines, as surging enterprise demand for AI infrastructure solutions powered results well ahead of Wall Street expectations. The company posted Q1 revenue of $75.00 million, up 13.4% year-over-year and ahead of the $72.61 million consensus by 3.29%, while non-GAAP EPS of $0.24 cleared the $0.23 estimate by 4.21%. The headline driver was a sharp acceleration in enterprise revenue, which climbed to $42.20 million from $27.10 million a year ago, as customers scaled AI infrastructure deployments and created new demand for A10's secure application services. GAAP operating margin expanded to 17.3% from 13.3%, though some analysts have flagged trailing net profit margin compression as a concern worth watching against the stock's premium valuation. Management reiterated full-year 2026 guidance for revenue growth of 10-12%, adjusted EBITDA margins of 28-30%, and EPS growth of 12-14%, expressing confidence the AI-driven tailwind at the network edge will sustain momentum through the balance of the year.
Key Takeaways
- • Strong demand for AI infrastructure driving 13.4% revenue growth
- • Security-led revenue continues to exceed long-term target
- • Expanded commitments from top customers scaling AI infrastructure deployments
- • Enterprise revenue growth of 13% on a trailing twelve-month basis
- • Product revenue growth outpacing services revenue growth
ATEN Forward Guidance & Outlook
For full-year 2026, A10 management reiterated guidance from their February Investor Day: revenue growth of 10-12% over the prior year, adjusted EBITDA margin of 28-30%, and EPS growth exceeding the revenue growth rate at 12-14% year-over-year. Management expressed confidence in full-year operating cash flow expectations despite Q1 being impacted by routine timing shifts.
ATEN YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
ATEN Revenue by Segment
With YoY comparisons, source: SEC Filings
ATEN Revenue by Geography
With YoY comparisons, source: SEC Filings
“AI-driven architectures are fundamentally increasing the volume, velocity, and complexity of network traffic, placing new demands on performance, availability, and security. AI is architecturally making the distinction between Enterprises and Service Providers obsolete, as the workloads and requirements are the same. A10 sits at a critical control point at the intersection of performance and security. Our investments and innovation focus have continued to drive strong demand resulting in expanded commitments from our top customers scaling AI infrastructure deployments.”
— Dhrupad Trivedi, Q1 2026 Earnings Press Release
ATEN Earnings Trends
ATEN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ATEN EPS Trend
Earnings per share: estimate vs actual
ATEN Revenue Trend
Quarterly revenue: estimate vs actual
ATEN Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.23 | $0.24 | +4.21% | $75.0M | +3.29% |
| Q4 25 BEAT FY | $0.24 | $0.26 | +9.38% | $80.4M | +2.91% |
| FY Full Year | — | $0.90 | — | $290.6M | — |
| Q3 25 BEAT | $0.21 | $0.23 | +8.24% | $74.7M | +5.63% |
| Q2 25 BEAT | $0.20 | $0.21 | +5.21% | $69.4M | +4.79% |