NETSCOUT SYSTEMS INC
For the period ended Dec 31, 2025. Filed Feb 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 5, 2026
NTCT$31.51-1.0%Stored close · as of Nov 6, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-09-30; filed 2025-11-06.
0001078075-25-000012
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsCurrent report: 10-Q
Period ended 2025-12-31; filed 2026-02-05.
0001078075-26-000012
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 14 previous paragraphs and 8 current paragraphs.
6 unchanged; 2 reworded; 0 added; 6 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Removed paragraphs (6)
Previous report
Our Use of Artificial Intelligence and Machine Learning May Not Achieve Intended Benefits, and Could Adversely Affect Our Business.
Previous report
We are increasingly exploring and integrating artificial intelligence (“AI”) and machine learning ("ML") technologies into our products, services, and internal operations to enhance performance, and automate processes. However, the use of AI/ML presents various risks and uncertainties that could adversely affect our business, operations, reputation, or financial results.
Previous report
AI/ML technologies, including those developed by third parties and integrated into our offerings or used by our workforce or vendors, are subject to a variety of laws, including those related to data privacy, cybersecurity, and intellectual property, as well as increasing regulation and scrutiny. For example, AI/ML systems may inadvertently expose sensitive or proprietary data (including confidential, competitive, or personal information), generate inaccurate or biased outputs, or rely on training data that is incomplete, outdated, or legally restricted. While we have policies, protocols, and procedures in place, the risks may be heightened when AI/ML tools are used without appropriate oversight or outside of established governance frameworks
Previous report
The evolving regulatory landscape surrounding AI/ML may impose new compliance obligations, increase operational complexity, or limit our ability to develop or deploy AI-enabled solutions. Failure to comply with these regulations, or with contractual or ethical standards related to AI/ML, could result in reputational harm, regulatory investigations, or legal liability.
Previous report
In addition, if we are unable to effectively integrate AI/ML into our products and services, or if our competitors adopt AI/ML more rapidly or successfully, our competitive position may be adversely affected. The use of third-party AI/ML services also introduces risks related to service availability, cost volatility, and alignment with our business and compliance requirements.
Reworded paragraphs (2)
Previous wording
In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, Item 1A. “Risk Factors” in our Annual Report. The risks discussed in our Annual Report could materially affect our business, financial condition and future results. Except as discussed below, there have been no material changes to those risk factors since we filed our Annual Report. The risks described here and in our Annual Report are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition or operating results.
Current wording
In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, Item 1A of our Annual Report and Part II, Item 1A of our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2025 (Fiscal 2026 Second Quarterly Report). The risks discussed in our Annual Report and Fiscal 2026 Second Quarterly Report could materially affect our business, financial condition and future results. There have been no material changes to those risk factors since we filed our Annual Report and Fiscal 2026 Second Quarterly Report. The risks described here and in our Annual Report and Fiscal 2026 Second Quarterly Report are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition or operating results.
Previous wording
(1)On May 3, 2022, the Company's board of directors approved a share repurchase program that enables the Company to repurchase up to twenty-five million shares of its common stock (2022 Share Repurchase Program). The 2022 Share Repurchase Program became effective in the third quarter of fiscal year 2024. The Company is not obligated to acquire any specific amount of common stock within any particular timeframe as a result of the 2022 Share Repurchase Program. For restricted stock units granted, the number of shares issued on the date the restricted stock units vest is net of shares withheld to satisfy the minimum tax withholding obligations associated with the vesting of restricted stock units. For the three months ended September 30, 2025, the total number of shares withheld for taxes associated with the vesting of restricted stock units was 60,927. These withheld shares are not issued or considered common stock repurchases under our 2022 Share Repurchase Program and therefore are not included in the preceding table.
Current wording
On May 3, 2022, the Company's board of directors approved a share repurchase program that enables the Company to repurchase up to twenty-five million shares of its common stock (2022 Share Repurchase Program). The 2022 Share Repurchase Program became effective in the third quarter of fiscal year 2024. The Company is not obligated to acquire any specific amount of common stock within any particular timeframe as a result of the 2022 Share Repurchase Program. During the quarter ended December 31, 2025, the Company did not repurchase any shares of its common stock.