At its November 4, 2026 annual meeting, Extreme Networks stockholders elected seven directors, approved executive compensation, ratified Deloitte & Touche LLP for the fiscal year ending June 30, 2027, and authorized adding 1,000,000 shares to its 2013 Equity Incentive Plan.
EXTR · Extreme Networks Inc
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Extreme Networks, Inc. reported net revenues of $341.1 million, total gross margin of 62.1%, operating income of $23.1 million and net income of $16.0 million for the three months ended September 30, 2026; SaaS ARR was $264.7 million.
Extreme Network's first-quarter revenue was $341 million, up 10% year-over-year, while non-GAAP EPS rose 50% and SaaS ARR reached approximately $265 million; the company raised full-year revenue guidance to $1,402,000,000-$1,412,000,000.
Extreme Networks reported first-quarter fiscal 2027 revenue of $341.1 million, up 10%, SaaS ARR of $264.7 million, up 22%, and non-GAAP diluted EPS of $0.33, up 50%; full-year non-GAAP EPS guidance is $1.35-$1.39.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q1 FY27 earnings call · Oct 28, 2026TL;DR. Extreme delivered 10% revenue growth, 22% SaaS ARR growth, 50% non-GAAP EPS growth, 47% adjusted EBITDA growth, expanded gross and operating margins, and positive free cash flow while raising fiscal 2027 guidance to 10% revenue growth. Risks include higher memory costs, slower recurring-revenue growth during the fiscal 2027 platform transition, an AsiaPAC revenue decline, and a fluid pricing environment.
- + Q1 revenue grew 10% to $341.1 million, marking the seventh consecutive quarter of double-digit growth. new
- + SaaS ARR increased 22% to $264.7 million, while Platform ONE bookings exceeded 50% of subscription bookings and increased 5x from the prior year. new
- − Higher memory costs are embedded in reported and guided gross margins. new
- − Recurring revenue grew 7% to $119 million during the fiscal 2027 platform-transition year, with sharp recurring-revenue reacceleration deferred until fiscal 2028. new
- − AsiaPAC revenue declined due to elevated prior-year comparisons. new
- − The industry pricing environment remains fluid as product cycles, mix, demand, and component cost increases evolve. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Mentioned in fund letters
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Performance awards earned | 1.08M | Fiscal Year 2026 filing | — |
| Performance awards granted | 780K | Fiscal Year 2026 filing | — |
| SaaS ARR | $244.3M | fiscal 2026 filing | — |
| Support revenues from maintenance contracts | $235.3M | fiscal 2026 filing | — |
| Trade accounts receivable sold | 20M | fiscal year 2026 filing | — |
| Net cash | 46.8M | Q4 FY2026 | — |
| Q4 ending cash balance | 211.8M | Q4 FY2026 | — |
| Share repurchases | 25M | Q4 FY2026 | — |
| Total free cash flow non-GAAP | 95.3M | Fiscal Year 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Communication Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EXTR
this stock
Extreme Networks Inc
|
$3.51B | +60.7% | +12.6% | 68.6 | 3.9% |
|
CSCO
Cisco Systems, Inc.
|
$377.07B | +24.2% | +2.8% | 28.7 | 1.5% |
|
MSI
Motorola Solutions, Inc.
|
$87.83B | +38.6% | +5.7% | 42.8 | 2.1% |
|
HPE
Hewlett Packard Enterprise Co
|
$64.10B | +101.0% | +13.8% | 24.9 | 3.5% |
|
LITE
Lumentum Holdings Inc.
|
$54.11B | +61.9% | +24.6% | — | 8.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 6, 2026
- This year
- 19
At its November 4, 2026 annual meeting, Extreme Networks stockholders elected seven directors, approved executive compensation, ratified Deloitte & Touche LLP for the fiscal year ending June 30, 2027, and authorized adding 1,000,000 shares to its 2013 Equity Incentive Plan.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| EXTR | +11.3% | +23.1% | -1.0% | +18.3% | +60.7% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +8.7% | +24.3% | -1.5% | +18.5% | +50.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.