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Extreme Networks

Extreme Networks (EXTR) Q4 2026 Earnings

Reported Aug 5, 2026 at 7:12 AM ET · SEC Source

Q4 26 EPS

$0.32

BEAT +10.34%

Est. $0.29

Q4 26 Revenue

$338.5M

BEAT +1.83%

Est. $332.5M

vs S&P Since Q4 26

-25.8%

TRAILING MARKET

EXTR -25.4% vs S&P +0.5%

Full Year 2026 Results

FY 26 EPS

$1.06

BEAT +2.66%

Est. $1.03

FY 26 Revenue

$1.28B

BEAT +0.47%

Est. $1.28B

Market Reaction

Did EXTR Beat Earnings? Q4 2026 Results

Extreme Networks closed its fiscal fourth quarter of 2026 on a strong note, posting results that beat Wall Street's expectations on both top and bottom lines and extending the company's consensus EPS beat streak to five consecutive quarters. The netw… Read more Extreme Networks closed its fiscal fourth quarter of 2026 on a strong note, posting results that beat Wall Street's expectations on both top and bottom lines and extending the company's consensus EPS beat streak to five consecutive quarters. The networking company reported non-GAAP EPS of $0.32, clearing the $0.29 consensus estimate by 10.34%, while revenue of $338.55 million edged past the $332.46 million forecast by 1.83% and grew 10.3% year-over-year, marking the sixth straight quarter of double-digit revenue growth. The primary engine behind the outperformance was accelerating cloud adoption, with SaaS ARR climbing 17.7% year-over-year to $244.30 million and the company's AI-enhanced Extreme Platform ONE accounting for over 30% of subscription bookings in its first year of general availability, doubling quarter-over-quarter in Q4. GAAP net income swung to $18.04 million from a loss of $7.80 million a year ago, underscoring improving operating leverage. Looking ahead, management guided full-year fiscal 2027 non-GAAP revenue of $1.38 billion to $1.40 billion and EPS of $1.28 to $1.33, projecting continued margin expansion as supply chain costs remain well managed.

Key Takeaways

  • • Sixth consecutive quarter of double-digit year-over-year revenue growth
  • • Ninth consecutive quarter of sequential product revenue growth
  • • Third consecutive quarter of gross margin improvement
  • • SaaS ARR grew 17.7% year-over-year to $244.3 million
  • • Extreme Platform ONE reached over 30% of subscription bookings and doubled quarter-over-quarter
  • • 187 customers ordered over $1 million in FY26
  • • Targeted pricing actions offsetting incremental supply chain costs

EXTR Forward Guidance & Outlook

For Q1 FY27 (ending September 30, 2026), Extreme targets non-GAAP revenue of $334.0M to $339.0M, non-GAAP gross margin of 62.2% to 62.7%, non-GAAP operating margin of 14.7% to 15.3%, and non-GAAP EPS of $0.27 to $0.29. GAAP EPS guidance is $0.00 to $0.02, reflecting significant litigation charges and restructuring costs. For full-year FY27 (ending June 30, 2027), the company targets non-GAAP revenue of $1,380.0M to $1,400.0M, non-GAAP gross margin of 62.2% to 62.7%, non-GAAP operating margin of 16.7% to 17.1%, and non-GAAP EPS of $1.28 to $1.33. Management expects double-digit product revenue growth and continued solid gross margin driving strong EPS growth, with supply secured into FY28 and targeted pricing actions offsetting incremental supply chain costs.

24/7 Wall St

EXTR YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

EXTR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 25 Q4 26

“We closed Fiscal 2026 delivering 13% year-over-year revenue growth, and the fourth quarter marked our sixth consecutive quarter of double-digit growth. These results are fueled by accelerating demand for our AI platform, a differentiated portfolio, strong execution, and broad product availability. This quarter further validates the competitive advantages we've created through our innovation, nimbleness, and supply chain leadership. We're winning more competitive deals, expanding with larger enterprises, and gaining share across our target markets. In Fiscal 2026, 187 customers ordered over one million dollars of Extreme solutions.”

— Ed Meyercord, Q4 2026 Earnings Press Release

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