{"schema_version":"secwatch.filing_event.v1","accession":"0001048695-23-000016","form_type":"8-K","ticker":"FFIV","cik":"0001048695","company_name":"F5, INC.","filed_at":"2023-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.765094+00:00","generated_at":"2026-06-16T23:16:19.440274+00:00","sec_items":["2.02","2.05","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"F5 Q2 revenue up 11% to $703M; cuts 9% of workforce, lowers FY revenue growth guidance","bullets":["Q2 revenue $703M (+11% YoY); GAAP EPS $1.34, non-GAAP $2.53; systems +43%, software -13%.","Reduces headcount by ~620 employees (~9%); expects annualized savings ~$130M and $45M severance in FY23.","Revises FY23 outlook: low-to-mid single-digit revenue growth, ~30% non-GAAP margins, 7%-11% EPS growth.","Q3 guidance: revenue $690M-$710M, non-GAAP EPS $2.78-$2.90; plans $250M+ in share repurchases."],"urls":{"canonical":"https://secwatch.observer/filing/0001048695-23-000016","json":"https://secwatch.observer/filing/0001048695-23-000016.json","markdown":"https://secwatch.observer/filing/0001048695-23-000016.md","text":"https://secwatch.observer/filing/0001048695-23-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1048695/000104869523000016/0001048695-23-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1048695/000104869523000016/ffiv-20230419.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T23:16:19.440274+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d6508d713a627a819ce39e07fd1d24510e9a6b8","claim":"F5, INC. reported second quarter ended March 31, 2023 results: revenue $703 million, net income $81 million, EPS $1.34 per diluted share. Guidance lowered.","evidence_excerpt":"their hybrid and multi cloud application environments.” Second Quarter Performance Summary Second quarter fiscal year 2023 revenue grew 11% from the year ago period, to $703 million, up from $634 million in fiscal year 2022. Global services revenue grew 8% from the year-ago period while product revenue grew 14%, reflecting 43% systems revenue growth and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1048695/000104869523000016/0001048695-23-000016-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended March 31, 2023"},{"label":"Revenue","value":"$703 million"},{"label":"Net income","value":"$81 million"},{"label":"EPS","value":"$1.34 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7ed9cbb8f507ab3cfbd993c8db91392b889f3cba","claim":"F5, INC. announced a restructuring with charges of approximately $45 million in severance benefits costs (approximately 620 employees).","evidence_excerpt":"estimates the expenses associated with the headcount reductions will result in annualized savings of approximately $130 million. The Company expects it will incur approximately $45 million in severance benefits costs related to restructuring and other charges related to these actions in fiscal year 2023. The Company will also reduce some of its leased facilities","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1048695/000104869523000016/0001048695-23-000016-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $45 million in severance benefits costs"},{"label":"Headcount","value":"approximately 620 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}