Netscout Systems (NTCT) FY2026 results: revenue $859 million, up 4.5% on the year
Netscout Systems Inc. (NTCT) reported revenue of $859 million for fiscal 2026, the year ended 31 March 2026, up 4.5% on the year before. Net income was $96 million, and diluted earnings per share $1.30. The figures are the company's own, from the 10-K it filed with the SEC on 14 May 2026.
Revenue
$859 million
+4.5% on the year
FY2019FY2026
Operating margin
12.8%
-44.7% a year earlier
FY2019FY2026
Net income
$96 million
FY2019FY2026
Diluted EPS
$1.30
FY2019FY2026
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 10 new.
Fourth-quarter revenue slightly lower: Service revenue rose and product revenue fell against the prior-year quarter, leaving total revenue slightly lower.
Full-year revenue grew: Both product and service revenue rose for the full year, supporting the annual revenue growth management described.
Product backlog higher year on year: Prior-year product backlog was about $33 million, including $25.1 million of fulfillable backlog.
Omnis AI Insights extended to carriers: The extension applies Omnis AI Insights to carriers, turning raw network data into AI-ready smart data for AI agents.
Non-GAAP margin higher for the year: Non-GAAP operating margin was 21.6% in the fourth quarter, compared with 23.1% a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Operating cash flow
295
218
58.8
+35.3%
Capital expenditure
9.1
5.4
6.4
+68.5%
Free cash flow
285
212
52.4
+34.5%
Free cash flow margin
33.2%
25.8%
6.3%
Cash from investing
-92.8
-7.0
13.4
Cash from financing
-76.7
-142
-69.4
Depreciation and amortisation
56.5
63.8
75.0
-11.4%
Share-based compensation
59.9
64.8
70.8
-7.5%
Buybacks
60.8
25.3
50.0
+140.7%
Diluted shares, weighted
73m
72m
71m
+2.4%
Shares outstanding at period end
72m
72m
71m
0.0%
Balance sheet
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Shareholders' equity
1,649
1,560
1,892
+5.7%
Debt
0.0
0.0
100
Operating lease liabilities
29.7
32.5
38.1
-8.6%
Other liabilities
676
594
565
+13.8%
Total liabilities and equity
2,355
2,187
2,595
+7.7%
Fixed assets
23.6
21.5
26.5
+9.4%
Goodwill
1,071
1,076
1,503
-0.5%
Intangible assets
214
259
309
-17.2%
Investments
37.2
1.0
1.0
+3,604.0%
Cash and equivalents
586
457
390
+28.2%
Receivables
151
164
192
-7.4%
Inventory
13.3
12.9
14.1
+3.3%
Other assets
258
195
160
+32.1%
Total assets
2,355
2,187
2,595
+7.7%
10-K for the year ended 31 March 2026, filed 14 May 2026: the filing.