---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-002958"
form_type: "8-K"
ticker: "EXTR"
cik: "0001078271"
company_name: "EXTREME NETWORKS INC"
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T01:56:50.872317+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Extreme Networks cuts Q2 revenue outlook to ~$294-297M, cites channel digestion and elongated sales cycles

## Summary
- Q2 revenue expected $294-297M vs prior $312-327M; large deals pushed to future quarters.
- Annualized subscription revenue ~$430M, 41% YoY growth (up from 32% in Q1).
- Recurring revenue to be 33% of total; gross margin at higher end of prior range.
- Cash balance $221.4M after $25M share repurchases in Q2.
- Full Q2 earnings call scheduled for January 31, 2024.

## SEC filing metadata
- accession: 0000950170-24-002958
- form_type: 8-K
- ticker: EXTR
- cik: 0001078271
- company_name: EXTREME NETWORKS INC
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1078271/000095017024002958/0000950170-24-002958-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078271/000095017024002958/extr-20240108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-002958
- JSON: https://secwatch.observer/filing/0000950170-24-002958.json
- Plain text: https://secwatch.observer/filing/0000950170-24-002958.txt

## Key facts
- Earnings Releases
  EXTREME NETWORKS INC reported second quarter ended December 31, 2023 results: revenue approximately $294 to $297 million. Guidance lowered.
  - Period: second quarter ended December 31, 2023
  - Revenue: approximately $294 to $297 million
  - Guidance: lowered
  - Result: guidance update
  source text: Second quarter revenues are now expected to be approximately $294 to $297 million, compared to the prior outlook of $312 to $327 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078271/000095017024002958/0000950170-24-002958-index.htm

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