Extreme Networks Q1 FY27: Revenue Up 10%, EPS Up 50%, FY27 Guidance Set
EXTR sits 92% above its 52-week low of $13.475.
Summary
Extreme Networks reported Q1 FY27 revenue of $341.1M (up 10% YoY) and non-GAAP EPS of $0.33 (up 50%), and guided FY27 revenue to $1.4023B-$1.4123B with non-GAAP EPS of $1.35-$1.39.
Key Events · Earnings and Guidance · EXTR
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Q1 FY27 Revenue Grows 10%
Revenue was $341.1M versus $310.2M a year ago, the seventh consecutive quarter of double-digit year-over-year growth. Product revenue rose to $218.3M from $194.0M.
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EPS and EBITDA Expand Sharply
Non-GAAP diluted EPS was $0.33 versus $0.22, up 50%, and GAAP diluted EPS was $0.12 versus $0.04. Adjusted EBITDA rose 47% to $65.6M.
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FY27 Guidance Issued
Full-year FY27 revenue targeted at $1.4023B-$1.4123B with non-GAAP EPS of $1.35-$1.39. Q2 FY27 revenue guided to $345.8M-$350.8M with non-GAAP EPS of $0.32-$0.34.
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SaaS ARR Up 22%
SaaS ARR reached $264.7M, up 22% year-over-year, with Platform ONE bookings now over 50% of subscription bookings, up 5x from the prior year.
Analysis · EXTR · Technology
Extreme delivered a seventh straight quarter of double-digit growth, with revenue of $341.1M and non-GAAP EPS of $0.33, and management called 10% growth for the rest of the year. Formal FY27 guidance of $1.4023B-$1.4123B in revenue and $1.35-$1.39 in non-GAAP EPS gives investors a concrete full-year target for the first time this fiscal year. Supporting the subscription mix shift, SaaS ARR grew 22% and Platform ONE bookings now exceed half of subscription bookings. The quarter also included $25.0M of buybacks at an average of $29.62 per share—above today's $25.85 price—and a $200M revolver draw that refinanced debt and left $244.5M in cash.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EXTR was trading at $25.85 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $13.48 to $33.73. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.