Key Highlights

● Second-quarter Revenue was $80.1 million, up 15.5% year on year.

● Product revenue rose about 25% to $49.0 million, driving nearly all growth.

● Full-year revenue growth outlook rose to 12% to 14% from 10% to 12%.

● Cash and marketable securities stood at $357.3 million at 30 June 2026.

Latest verified development: a raised outlook

A10 Networks, Inc. (NYSE:ATEN), which sells application delivery, network security and related infrastructure products, reported second-quarter 2026 results on 5 August 2026 and raised its full-year outlook. Revenue was $80.1 million, up 15.5% year on year, taking first-half revenue to $155.1 million, an increase of about 14.5%.

Chief executive Dhrupad Trivedi said the company had delivered another quarter of double-digit revenue growth and sustained cash generation, and that the higher outlook reflected first-half performance.

Where the growth came from

Product revenue was $49.0 million against $39.2 million a year earlier, an increase of about 25%. Services revenue was $31.1 million against $30.2 million, up roughly 3%. Product sales therefore drove nearly all of the quarter's growth, which matters because product revenue is typically more variable from period to period than services.

Subtracting the second quarter from the half-year total implies first-quarter revenue of about $75.0 million, so second-quarter revenue was roughly 7% higher sequentially. That figure is derived from reported totals rather than stated by the company, but it suggests momentum built through the first half rather than being concentrated in a single period.

Net income on a GAAP basis was $8.9 million, or $0.12 per diluted share. Non-GAAP Net Income was $18.7 million, or $0.25 per diluted share. The gap between the two measures reflects adjustments set out in the company's reconciliation.

Guidance, cash and Capital returns

The company now expects full-year revenue growth of 12% to 14%, up from 10% to 12%, and earnings-per-share growth of 14% to 16%, up from 12% to 14%. These are management forecasts rather than reported results. The release did not provide third-quarter guidance.

Cash, cash equivalents and marketable securities were $357.3 million at 30 June 2026. During the quarter A10 repurchased 86,115 shares at an average price of $27.63, a total of $2.4 million, and paid $4.3 million in dividends. A quarterly Dividend of $0.06 per share was payable on 1 September 2026 to holders of record on 17 August.

The buyback is small relative to the cash balance, so the larger balance-sheet question is how management chooses to deploy the remaining liquidity.

Product momentum and what comes next

Items worth monitoring include whether product revenue growth persists, how services revenue develops, and whether the raised full-year ranges are met.