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Extreme Networks Inc

EXTR · Information Technology

Last earnings Oct 28, 2026

Key results

Revenuefull-year

15%

com Extreme Networks Reports First Quarter Fiscal Year 2026 Financial Results Q1 revenue up 15% year-over-year, marking sixth consecutive quarter of sequential growth SaaS ARR up 24% YoY Morrisville, NC, October 29, 2025 -- Extreme Networks, Inc.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Growthquarter

up 24%

com Extreme Networks Reports First Quarter Fiscal Year 2026 Financial Results Q1 revenue up 15% year-over-year, marking sixth consecutive quarter of sequential growth SaaS ARR up 24% YoY Morrisville, NC, October 29, 2025 -- Extreme Networks, Inc.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Research and developmentquarter

$57,753 thousand

Research and development 57,753 54,451

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Operating expensesquarter

$176,734 thousand

Total operating expenses 176,734 174,224

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Operating incomequarter

$11,295 thousand

Operating income (loss) 11,295 (4,717 )

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Net incomequarter

$5,611 thousand

Net income (loss) $ 5,611 $ (10,504 )

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

AI analysis

Q1 FY2026 · reported Oct 29, 2025

Based on: Earnings release + parent 8-K — transcript not held

Net income · Q1 FY2026
$5,611 thousand
EX-99 · Oct 29, 2025
Operating income · Q1 FY2026
$11,295 thousand
EX-99 · Oct 29, 2025
Research and development · Q1 FY2026
$57,753 thousand
EX-99 · Oct 29, 2025
Operating expenses · Q1 FY2026
$176,734 thousand
EX-99 · Oct 29, 2025

Headline figures

MetricQ1 FY2026Prior qtrYear ago
Growthup 24%——
Research and development$57,753 thousand——
Operating expenses$176,734 thousand——
Operating income$11,295 thousand——
Net income$5,611 thousand——

EX-99 · Oct 29, 2025

Guidance · company-stated

Direction: Initiated

Revenue

“Our outlook for a re-acceleration of overall revenue growth to 10% at the midpoint of our outlook on a full-year basis continues to improve, and we expect that to translate to even higher earnings and cash flow than our initial forecast.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

• Due to a one-time settlement, Q1 net cash was $7.8 million, as compared to net cash of $51.7 million at the end of Q4 2025 and net debt of $28.0 million at the end of Q1 in the prior year.

Gross debt: Gross debt is defined as long-term debt and the current portion of long-term debt as shown on the balance sheet plus unamortized debt issuance costs, if any.

Company-stated claims

Aug 17, 2026

Forward-looking · 60% CAGR · other · over the next five years

“And with Extreme Platform ONE, we are addressing AI Networking for the Campus, where spending is forecasted to grow at a 60% CAGR over the next five years.”

10-K · Aug 17, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Our outlook for a re-acceleration of overall revenue growth to 10% at the midpoint of our outlook on a full-year basis continues to improve, and we expect that to translate to even higher earnings and cash flow than our initial forecast

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Direction: Initiated

Revenue: “Our outlook for a re-acceleration of overall revenue growth to 10% at the midpoint of our outlook on a full-year basis continues to improve, and we expect that to translate to even higher earnings and cash flow than our initial forecast.”

Revenue — Initiated (“initial”)
“Our outlook for a re-acceleration of overall revenue growth to 10% at the midpoint of our outlook on a full-year basis continues to improve, and we expect that to translate to even higher earnings and cash flow than our initial forecast.”

Classified from the release's primary full-year outlook statement.

Capital allocation

• Due to a one-time settlement, Q1 net cash was $7.8 million, as compared to net cash of $51.7 million at the end of Q4 2025 and net debt of $28.0 million at the end of Q1 in the prior year.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Gross debt: Gross debt is defined as long-term debt and the current portion of long-term debt as shown on the balance sheet plus unamortized debt issuance costs, if any.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Net cash (debt): is defined as cash and cash equivalents minus gross debt, as shown in the table below (in millions): Cash and cash equivalents Gross debt Net cash (debt) $ 209.0 $ 201.2 $ 7.8 Business Outlook: Extreme’s business outlook is based on current expectations.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

The Company is providing with this press release non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income, non-GAAP net income, non-GAAP net income per diluted share, net cash (debt) and free cash flow.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

In preparing non-GAAP information, the Company has excluded, where applicable, the impact of share-based compensation, amortization of intangibles, amortization of cloud computing implementation costs, restructuring and related charges, system transition costs, litigation charges, debt refinancing charges and the tax effect of non-GAAP adjustments.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income, non-GAAP net income, non-GAAP net income per diluted share, net cash (debt) and free cash flow.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Strategy & priorities

Extreme considers free cash flow to be useful information for management and investors regarding the amount of cash generated by the business after the purchases of property, equipment and capitalized software development costs, which can then be used to, among other things, invest in Extreme’s business, make strategic acquisitions, and strengthen the balance sheet.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

(EXTR) is a leader in AI-driven cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Risks & headwinds

(EXTR) is a leader in AI-driven cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Tens of thousands of customers globally trust our AI-driven cloud networking solutions and industry-leading support to enable businesses to drive value, foster innovation, and overcome extreme challenges.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

In preparing non-GAAP information, the Company has excluded, where applicable, the impact of share-based compensation, amortization of intangibles, amortization of cloud computing implementation costs, restructuring and related charges, system transition costs, litigation charges, debt refinancing charges and the tax effect of non-GAAP adjustments.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

For its internal planning process, and as discussed further below, Extreme's management uses financial statements that do not include share-based compensation expense, amortization of intangibles, amortization of cloud computing implementation costs, restructuring and related charges, system transition costs, litigation charges, debt refinancing charges, and the tax effect of non-GAAP adjustments.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Litigation charges consist of estimated settlement and related legal expenses for non-recurring litigations offset by any proceeds received or expected to be received from insurance.

SEC original ↗Extreme Networks Inc — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Microsoft (MSFT) Information TechnologyTeradyne (TER) Information TechnologyASML Holding (ASML) Information TechnologyMicron Technology (MU) Information TechnologySeagate Technology (STX) Information TechnologyUnited Microelectronics (UMC) Information TechnologyMonolithic Power Systems (MPWR) Information TechnologyCoherent Corp. (COHR) Information Technology
Documents

Filings

30 documents

Earnings releases

12 documents

Presentations

0 documents

No presentations for Extreme Networks Inc are held in this edition of the library.

Transcripts

0 documents

No transcripts for Extreme Networks Inc are held in this edition of the library.

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