earnings
confidence high
sentiment positive
materiality 0.75
Extreme Networks Q3: Revenue $317M (+11%), SaaS ARR +29% YoY, GAAP EPS $0.08, $50M buyback
EXTREME NETWORKS INC
2026-Q3 EPS reported
$0.18
revenue$945,044,000
- Revenue $316.9M, up 11% YoY; product revenue $199.4M, subscription/support $117.5M.
- SaaS ARR $236.4M, up 28.6% YoY and 4.2% QoQ, driven by Extreme Platform ONE growth.
- GAAP diluted EPS $0.08 (vs $0.03 YoY); Non-GAAP diluted EPS $0.26 (vs $0.21 YoY).
- GAAP gross margin 61.7% flat YoY; Non-GAAP gross margin 62.3% flat; operating margins improved to 5.5% GAAP and 15.2% non-GAAP.
- Executed $50M accelerated share repurchase; ending cash $210.1M; free cash flow $7.8M (vs $24.2M YoY).