A10 Networks offers Thunder Application Delivery Controllers for load balancing, carrier-grade networking, SSL inspection, convergent firewalls, and A10 Control for intelligent management and analytics. The company operates across legacy networking, next-generation networking, and security segments with long-term growth framework. Recent growth has been driven by AI infrastructure buildouts and selection by global AI data center leaders.
Cyborg Score Rationale
A10 reported record FY2025 results with $290.6M revenue (+11% YoY) and adjusted EBITDA of $86.0M (29.6% margin). Management guided FY2026 revenue to $319.6M-$325.4M, above Street estimates, citing AI-driven demand. Strong cash position and shareholder returns demonstrate solid financial health.
Top Insights
Q3 2025 revenue grew 11.9% YoY driven by AI infrastructure buildouts and selection by global AI data center leaders
FY2026 revenue guidance of $319.6M-$325.4M represents ~10% growth and exceeds Street estimates, signaling sustained AI-driven momentum
Strong balance sheet with $377.8M in cash and securities; company returned $86.3M to investors in 2025
2025 revenue increased 11.03% YoY to $290.56 million, reflecting growing market traction across segments
(February 2026) FY2026 revenue guidance raised to $319.6M-$325.4M on AI-driven demand
(February 2026) Hosted Investor Day in San Francisco outlining long-term growth framework across legacy networking, next-generation networking, and security