A10 Networks, Inc. (ATEN) · Nov 5, 2026 · Earnings

A10 Networks earnings beat as AI demand lifts 2029 targets

Beat — Non-GAAP diluted EPS $0.31 vs ~$0.27 consensus

A10 Networks earnings beat revenue and EPS expectations, with stronger margins and new 2029 targets pointing to sustained AI-networking demand.

A10 is transitioning from a traditional networking vendor into a security-focused platform for AI infrastructure, hybrid-cloud traffic, and increasingly complex networks. Its prior outlook already called for 12–14% full-year revenue growth and 14–16% EPS growth, so the growth story was known; the new information is the pace of execution.

The quarter cleared expectations by a wide margin. Revenue reached $91.5 million, versus published consensus of roughly $83.9 million, while non-GAAP diluted EPS was $0.31 versus about $0.27 expected. The result was not just revenue timing: adjusted EBITDA margin expanded to 32.2% from 29.3% a year ago, and GAAP operating margin improved to 20.0% from 17.4%.

	Q3 2026	Q3 2025	Consensus
Revenue (Statement of Operations)	$91.5M (+22.6%)	$74.7M	~$83.9M
Non-GAAP diluted EPS (Non-GAAP reconciliation)	$0.31	$0.23	~$0.27
GAAP operating margin (Operating margin reconciliation)	20.0%	17.4%
Adjusted EBITDA margin (EBITDA reconciliation)	32.2%	29.3%
Operating cash flow, nine months (Cash Flow statement)	$65.3M	$62.2M

The quality of growth improved alongside the headline numbers. Product revenue rose about 36% year over year, materially faster than services, while operating income grew roughly 41%. That supports management’s claim that AI deployments, rising traffic, and security complexity are translating into broader demand rather than only a low-margin volume spike. The main qualification is that inventory more than doubled from year-end to $36.4 million, consistent with the supply constraints management highlighted and creating some working-capital pressure.

〔0〕

The new 2029 targets raise the strategic ambition, but they are not yet an operational forecast. Management now targets $500 million of annual revenue and $2.00 of annual non-GAAP EPS by fiscal 2029, implying 14% compound annual revenue growth. That is a meaningful extension of the AI-networking thesis, but it remains a long-dated company target rather than a near-term guidance change.

Capital return remained substantial. A10 returned $27.4 million during the quarter through buybacks and dividends, including $23.0 million of repurchases. That reinforces cash-generation credibility, although the company still carries roughly $220 million of long-term debt.

Bottom line: This was a clearly above-plan quarter that strengthens A10’s AI-networking growth story while also showing better operating leverage. The long-term targets add upside to the narrative, but the immediate evidence is the earnings beat and margin expansion—not yet proof that the 2029 plan is secured.

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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A10 Networks earnings beat as AI demand lifts 2029 targets

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