---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036775"
form_type: "8-K"
ticker: "EXTR"
cik: "0001078271"
company_name: "EXTREME NETWORKS INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:18:11.881302+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Extreme Networks Q4 revenue $363.9M (+31% YoY); GAAP EPS $0.19; FY23 revenue $1.3B (+18%)

## Summary
- Q4 revenue $363.9M (+31% YoY); GAAP EPS $0.19 (vs $0.04); non-GAAP EPS $0.33 (vs $0.15).
- FY23 revenue $1.3B (+18% YoY); GAAP EPS $0.58 (up from $0.33); non-GAAP EPS $1.09 (up from $0.77).
- SaaS ARR $129M (+25% YoY). Free cash flow $235.4M for the year, doubling prior year.
- Ended year with net cash $9.8M; repurchased $100M shares and paid down $80M debt.
- Management expects continued strong growth in FY24.

## SEC filing metadata
- accession: 0000950170-23-036775
- form_type: 8-K
- ticker: EXTR
- cik: 0001078271
- company_name: EXTREME NETWORKS INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1078271/000095017023036775/0000950170-23-036775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078271/000095017023036775/extr-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036775
- JSON: https://secwatch.observer/filing/0000950170-23-036775.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036775.txt

## Key facts
- Earnings Releases
  EXTREME NETWORKS INC reported financial results for its fourth quarter and fiscal year ended June 30, 2023.
  - Period: its fourth quarter and fiscal year ended June 30, 2023
  - Result: reported results
  source text: On August 2, 2023, Extreme Networks, Inc. (the “Company”) issued a press release announcing certain financial results for its fourth quarter and fiscal year ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078271/000095017023036775/0000950170-23-036775-index.htm
- Earnings Releases
  EXTREME NETWORKS INC reported fourth quarter ended June 30, 2023 results: revenue $363.9 million, EPS GAAP diluted EPS $0.19, compared to $0.04 in the prior year quarter.
  - Period: fourth quarter ended June 30, 2023
  - Revenue: $363.9 million
  - EPS: GAAP diluted EPS $0.19, compared to $0.04 in the prior year quarter
  - Result: reported results
  source text: Fiscal Fourth Quarter Results: • Revenue $363.9 million, up 31% year-over-year, and up 9% quarter-over-quarter • SaaS ARR $129.0 million, up 25% year-over-year, and up 10% quarter-over-quarter • GAAP diluted EPS $0.19, compared to $0.04 in the prior year quarter • Non-GAAP diluted EPS $0.33, compared to $0.15 in the prior year quarter • GAAP gross margin 58.9% compared to 55.4% in the prior year quarter • Non-GAAP gross margin 60.2% compared to 57.0% in the prior year quarter • GAAP operating margin 10.4 % compared to 3.8 % in the prior year quarter • Non-GAAP operating margin 17.4 % compared to 9.6% in the prior year quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078271/000095017023036775/0000950170-23-036775-index.htm
- Earnings Releases
  EXTREME NETWORKS INC reported fiscal year ended June 30, 2023 results: revenue $1.3 billion, EPS GAAP EPS $0.58, up from $0.33 in fiscal 2022.
  - Period: fiscal year ended June 30, 2023
  - Revenue: $1.3 billion
  - EPS: GAAP EPS $0.58, up from $0.33 in fiscal 2022
  - Result: reported results
  source text: Fiscal Year 2023 Results: • Revenue $1.3 billion, up 18% compared to $1.1 billion in fiscal 2022 • GAAP EPS $0.58, up from $0.33 in fiscal 2022 • Non-GAAP EPS $1.09, up from $0.77 in fiscal 2022 • GAAP operating margin 8.3% compared to 5.8% in fiscal 2022 • Non-GAAP operating margin 15.2% compared to 12.2% in fiscal 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078271/000095017023036775/0000950170-23-036775-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.