secwatch.observer — SEC 8-K summary
======================================

Issuer:     F5, INC. (FFIV)
CIK:        0001048695
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001048695-23-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F5 Q2 revenue up 11% to $703M; cuts 9% of workforce, lowers FY revenue growth guidance
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048695/000104869523000016/0001048695-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048695/000104869523000016/ffiv-20230419.htm
  HTML page:      https://secwatch.observer/filing/0001048695-23-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer