A10 Networks, Inc. Q3 2025 results

Please note that, with the exception of revenue, financial measures discussed today are on a non-GAAP basis, unless otherwise noted, and have been adjusted to exclude certain charges. Aligning our solutions and technology roadmap with the persistent needs of our customers around trusted infrastructure, cybersecurity, and AI capabilities continues to enable growth that outpaces our market peers. On a trailing 12-month basis, growth from enterprise customers in North America continues to outpace our overall company-wide growth. Revenue from the Americas has increased 25% on a trailing 12-month basis, driven primarily by investment in AI infrastructure.

AI-related deployments were a key driver for growth, where security and performance at scale are critical. Based on momentum in key strategic initiatives, we expect full-year growth rate of 10%. Michelle brings deep operational and financial expertise from complex global organizations and a proven ability to align financial strategy with growth opportunities. We expect continued disciplined execution and an increased focus on capital deployment to play a role in our overall growth.

I share Dhrupad's belief that we can continue to grow both organically and inorganically, and I look forward to contributing to both sides of that growth equation. Second, driving profitable growth, balancing top-line expansion with healthy margins and cash flow. Investing where we can create the most value while continuing to return capital to our shareholders. Supporting our pipeline of M&A activities and effectively putting our cash to work will be part of this initiative.