---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-009144"
form_type: "8-K"
ticker: "EXTR"
cik: "0001078271"
company_name: "EXTREME NETWORKS INC"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T12:49:15.325412+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Extreme Networks Q2 revenue down 6.9% YoY; GAAP EPS $0.03, non-GAAP $0.24

## Summary
- Revenue $296.4M, down 6.9% YoY; SaaS ARR $158M, up 37.4% YoY.
- GAAP diluted EPS $0.03 vs $0.13; non-GAAP diluted EPS $0.24 vs $0.27.
- GAAP gross margin 61.9% (vs 57.1%); non-GAAP gross margin 62.5% (vs 58.5%).
- Generated $34.3M operating cash flow; repurchased 1.5M shares for $25M.
- Q3 outlook: expects higher sell-through than sell-in, plans cost actions; expects sequential growth in Q4.

## SEC filing metadata
- accession: 0000950170-24-009144
- form_type: 8-K
- ticker: EXTR
- cik: 0001078271
- company_name: EXTREME NETWORKS INC
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1078271/000095017024009144/0000950170-24-009144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078271/000095017024009144/extr-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-009144
- JSON: https://secwatch.observer/filing/0000950170-24-009144.json
- Plain text: https://secwatch.observer/filing/0000950170-24-009144.txt

## Key facts
- Earnings Releases
  EXTREME NETWORKS INC reported the quarter ended December 31, 2023 results: revenue $296.4 million, EPS $0.03.
  - Period: the quarter ended December 31, 2023
  - Revenue: $296.4 million
  - EPS: $0.03
  - Result: reported results
  source text: of our business, led by the Education vertical. This will position us to deliver improved profitability and cash flow in FY25." Fiscal Second Quarter Results: • Revenue $296.4 million, down 6.9% year-over-year • SaaS ARR $158.0 million, up 37.4% year-over-year • GAAP diluted EPS $0.03, compared to $0.13 in the prior year quarter • Non-GAAP diluted EPS $0.24,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078271/000095017024009144/0000950170-24-009144-index.htm

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