Extreme Networks Inc
NASDAQ:EXTR

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Extreme Networks Inc
NASDAQ:EXTR
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Price: 16.6 USD 0.36% Market Closed
Market Cap: 2.2B USD

Extreme Networks Inc
Investor Relations

Extreme Networks Inc. stands as a dynamic player in the realm of networking solutions, rooted firmly in the business of providing software-driven networking services that connect devices to people and businesses across the globe. The company made its mark by offering products that range from advanced wireless solutions to software for network management, catering primarily to enterprise customers. At its core, Extreme Networks operates through a blend of hardware and software offerings that deliver scalable end-to-end solutions, which are pivotal for clients navigating the demands of digital transformation. By focusing on software-driven networking solutions, the company enables enterprises to enhance their IT infrastructure, improving both efficiency and security, which is increasingly crucial in today's data-driven world.

Revenue at Extreme Networks is largely driven by sales of its networking equipment and software solutions, alongside the strategic provisioning of subscription-based services and technical support. The business model hinges on creating symbiotic relationships with its customers, wherein continued service and maintenance agreements form a predictable stream of recurring income. This setup not only provides a foundation of financial stability but also fosters an environment for growth through innovation and expansion of product offerings. By adapting its solutions to meet evolving market needs, Extreme Networks aims to maintain its competitive edge in a sector defined by rapid technological change and significant capital investment. The business thrives on its ability to integrate emerging technologies like cloud computing and machine learning into its suite of products, thereby positioning itself as a forward-thinking enabler of business transformation.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Oct 29, 2025
AI Summary
Q1 2026

Revenue Growth: Extreme Networks posted its sixth straight quarter of revenue growth, reaching $310 million, up 15% year-over-year, exceeding the high end of guidance.

Earnings Beat: EPS was $0.22, up 29% year-over-year and above both the midpoint of guidance and consensus estimates.

SaaS Momentum: SaaS ARR climbed 24% year-over-year to $216 million, driven by strong adoption of Platform ONE and new commercial models.

Bookings Strength: Bookings rose 21% year-over-year, with notable traction across regions and commercial models.

Gross Margin Pressure & Recovery Plan: Gross margin was 61.3%, impacted by higher component costs, but management expects to recover 100–200 bps through price increases and other initiatives.

Guidance Raised: FY 2026 revenue guidance implies 10% year-over-year growth, with Q2 revenue expected between $309 million and $315 million.

Competitive Tailwinds: Channel and competitive disruptions at Cisco, HPE, and Juniper are creating opportunities and market share gains for Extreme.

Key Financials
Revenue
$310 million
Earnings Per Share
$0.22
SaaS ARR
$216 million
Product Revenue
$194 million
Total Subscription and Support Revenue
$116 million
Total Recurring Revenue
36% of total revenue
Deferred SaaS Revenue
$327 million
Total Deferred Revenue
$618 million
Gross Margin
61.3%
Operating Expenses
$149 million
Operating Margin
13.3%
EBITDA
$45 million
Free Cash Flow
-$21 million
Cash Balance
$209 million
MSP Partners
61
Customers Spending Over $1 Million
36
Cash Conversion Cycle
60 days
Share Repurchases
577,000 shares for $12 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Edward B. Meyercord III
President, CEO & Executive Director
No Bio Available
Mr. Kevin Rhodes
Executive VP of Finance & CFO
No Bio Available
Ms. Katayoun Motiey J.D.
Chief Legal, Administrative & Sustainability Officer, Corporate Secretary and General Counsel
No Bio Available
Mr. Nabil Bukhari
Chief Product & Technology Officer and GM of Subscription Business
No Bio Available
Mr. John Abel
Chief Information Officer
No Bio Available
Mr. Stanley Kovler
Vice President of Strategy & Investor Relations
No Bio Available
Ms. Monica Kumar
Executive VP & Chief Marketing Officer
No Bio Available
Ms. Kimberley Basnight
Senior VP of Talent/HR and Chief Diversity & Inclusion Officer
No Bio Available
Mr. Norman J. Rice III
Chief Commercial Officer
No Bio Available
Ms. Gina M. Christopher
Deputy General Counsel
No Bio Available

Contacts

Address
NORTH CAROLINA
Morrisville
2121 Rdu Center Drive, Suite 300
Contacts