EXTR Q1 2026

Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025

Earnings

Extreme Networks posted a stronger-than-expected fiscal Q1 2026, with revenue of $310.25 million rising 15.3% year-over-year and edging past the $295.72 million consensus by 4.91%, while non-GAAP EPS of $0.22 cleared the $0.21 estimate by 2.56%, mark… Read more Extreme Networks posted a stronger-than-expected fiscal Q1 2026, with revenue of $310.25 million rising 15.3% year-over-year and edging past the $295.72 million consensus by 4.91%, while non-GAAP EPS of $0.22 cleared the $0.21 estimate by 2.56%, marking the company's sixth consecutive quarter of sequential revenue growth. The primary engine was product revenue, which climbed to $194.04 million from $162.28 million a year ago, complemented by SaaS ARR expanding 24.2% to $216.20 million as the company's subscription transition gained traction. The quarter also saw a meaningful profitability shift, with GAAP operating income reaching $11.29 million compared to a loss of $4.72 million in the year-ago period. Gross margins compressed modestly to 61.3% on a non-GAAP basis from 63.7%, a dynamic that rattled investors despite the otherwise solid print, sending shares sharply lower after results. Looking ahead, Extreme guided Q2 revenue of $309.00 million to $315.00 million with non-GAAP EPS of $0.23 to $0.25, and set full-year FY2026 revenue guidance at $1.25 billion to $1.26 billion, implying roughly 10% growth at the midpoint.