---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057125"
form_type: "8-K"
ticker: "EXTR"
cik: "0001078271"
company_name: "EXTREME NETWORKS INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:57:52.778231+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Extreme Networks Q1 FY2024 revenue up 19% to $353M, GAAP EPS doubles to $0.21

## Summary
- Revenue $353.1M, +19% YoY; GAAP diluted EPS $0.21 (vs $0.09), Non-GAAP $0.35 (vs $0.20).
- SaaS ARR $141M, up 30% YoY; GAAP gross margin 60.3% (+430 bps), non-GAAP 61.1% (+350 bps).
- Generated $71.3M free cash flow; repurchased $24.9M of shares; net cash position $26.9M (vs net debt $73.2M a year ago).
- Expects tempered revenue growth for rest of FY24 due to macro conditions, but still expects EPS growth >25% for full year.
- Operating margins improved: GAAP 10.2% (up 440 bps), non-GAAP 17.7% (up 560 bps).

## SEC filing metadata
- accession: 0000950170-23-057125
- form_type: 8-K
- ticker: EXTR
- cik: 0001078271
- company_name: EXTREME NETWORKS INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1078271/000095017023057125/0000950170-23-057125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078271/000095017023057125/extr-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057125
- JSON: https://secwatch.observer/filing/0000950170-23-057125.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057125.txt

## Key facts
- Earnings Releases
  EXTREME NETWORKS INC reported the quarter ended September 30, 2023 results: revenue $353.1 million, EPS $0.21.
  - Period: the quarter ended September 30, 2023
  - Revenue: $353.1 million
  - EPS: $0.21
  - Result: reported results
  source text: Revenue $353.1 million, up 19% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078271/000095017023057125/0000950170-23-057125-index.htm

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