Netscout Systems, Inc. has reported its financial results for the first quarter of fiscal year 2026, ending on June 30, 2025. The company's total revenue for the period increased to $186.7 million from $174.6 million in the same quarter of fiscal year 2025. Product revenue also saw growth, amounting to $73.0 million, compared to $61.2 million in the first quarter of fiscal year 2025.
Netscout's GAAP loss from operations was $6.6 million for the first quarter of fiscal year 2026, which is a significant improvement from the GAAP loss of $463.3 million in the corresponding period of fiscal year 2025. The company's non-GAAP income from operations was $26.6 million, with a non-GAAP operating margin of 14.2% for the first quarter of fiscal year 2026, compared to non-GAAP income from operations of $14.0 million and a non-GAAP operating margin of 8.0% in the first quarter of fiscal year 2025.
Furthermore, Netscout's non-GAAP EBITDA from operations in the first quarter of fiscal year 2026 was $29.3 million, or 15.7% of quarterly revenue, showing an improvement from the non-GAAP EBITDA of $17.8 million, amounting to 10.2% of quarterly revenue in the same period of fiscal year 2025.
The company's net loss (GAAP) for the first quarter of fiscal year 2026 was $3.7 million, or $0.05 per share (diluted), whereas in the first quarter of fiscal year 2025, the GAAP net loss was $443.4 million, or $6.20 per share (diluted).
Netscout's financial position also improved, with cash, cash equivalents, short and long-term marketable securities, and investments totaling $543.5 million as of June 30, 2025, compared with $492.5 million as of March 31, 2025.
Looking ahead, Netscout reaffirmed its financial outlook for fiscal year 2026, with revenue expectations remaining in the range of $825 million to $865 million, and GAAP net income per share (diluted) in the range of $1.07 to $1.22.
The company's recent developments and highlights include new AI-backed enhancements to its cybersecurity solutions, as well as its participation in industry events focusing on AI-driven operations across telecom environments.
Netscout's president and CEO, Anil Singhal, expressed optimism for the company's performance, emphasizing a focus on driving product innovation, returning to annual revenue growth, and enhancing margins through disciplined cost management.
Today the company's shares have moved 1.54% to a price of $21.72. For more information, read the company's full 8-K submission here.