Extreme Networks Posts 13% FY26 Revenue Growth, Guides FY27 Above $1.38B

summarizeSummary

Extreme Networks reported Q4 revenue of $338.6M (up 10.3% YoY) and FY26 revenue of $1.28B (up 12.6% YoY), with non-GAAP EPS of $0.32 and $1.06 respectively. FY27 guidance calls for revenue of $1.38B-$1.40B and non-GAAP EPS of $1.28-$1.33.

check_boxKey Events · Earnings and Guidance · EXTR

• Q4 Revenue Beats, Profitability Swings Positive

  Fourth-quarter revenue of $338.6M grew 10.3% year-over-year, while GAAP net income reached $18.0M ($0.13/share), a sharp reversal from the prior-year loss of $7.8M. Non-GAAP EPS of $0.32 exceeded the $0.25 recorded a year ago.

• Full-Year Revenue Up 13%, SaaS ARR Surges 18%

  For the full fiscal year, revenue climbed 12.6% to $1,283.6M. SaaS ARR hit $244.3M, up 17.7% year-over-year, fueled by strong adoption of Extreme Platform ONE.

• FY27 Guidance: Double-Digit Product Growth, EPS $1.28-$1.33

  The company targets FY27 revenue of $1.38B-$1.40B and non-GAAP EPS of $1.28-$1.33, implying continued double-digit product revenue growth and margin expansion.

• Share Repurchases and New Credit Facility Strengthen Financial Position

  During Q4, $25M of stock was repurchased at an average price of $16.66 per share. A new $500M revolving credit facility, entered on July 29, 2026, replaces prior debt.

auto_awesomeAnalysis · EXTR · Technology

A strong fiscal 2026 saw Extreme Networks deliver 13% revenue growth and a swing to GAAP profitability. Looking ahead, the company guided for continued double-digit product revenue growth in FY27, with non-GAAP EPS expected between $1.28 and $1.33. While the results and outlook underscore competitive momentum, the stock's reaction will depend on whether the guidance meets elevated expectations following six consecutive quarters of double-digit growth.