David Vogt

Ryan Koontz

Christian Schwab

Eric Martinuzzi

Timothy Horan

Dave Kang

Chris Schwab

Dave King

Michael Genovese

Mike Genovese

- Extreme Networks reported **Q1 FY26 revenue of $310 million**, a **15% year-over-year increase**, marking its sixth consecutive quarter of revenue growth and third straight quarter of double-digit year-over-year increases.  **[0001078271_2211327_1]** **[0001078271_2211327_3]**  **Earnings per share (EPS) reached $0.22**, up **29%** from the prior year.  **[0001078271_2211327_3]** 
- **SaaS Annual Recurring Revenue (ARR) grew 24% year-over-year to $216 million**, and **bookings increased 21% year-over-year**, driven by large wins and adoption of Extreme Platform One.  **[0001078271_2211327_1]** **[0001078271_2211327_3]** 
- Non-GAAP gross margin was **61.3%** in Q1 FY26, impacted by industry-wide increases in component costs.  **[0001078271_2211327_3]**  The company has implemented price increases and expects gross margins to recover, exiting FY26 with a **100 to 200 basis point improvement** from current levels, targeting **63%+**.  **[0001078271_2211327_3]** **[0001078271_2211327_5]** 
- For **Q2 FY26**, Extreme Networks expects revenue between **$309 million and $315 million** and EPS between **$0.23 and $0.25**.  **[0001078271_2211327_4]**  The full **FY26 revenue guidance is $1,247 million to $1,264 million**, suggesting **10% year-over-year growth** at the midpoint.  **[0001078271_2211327_4]**

Extreme Networks Reports Strong Q1 FY26 Results with Double-Digit Revenue Growth

- Extreme Networks reported strong **Q1 2026 financial results**, with **revenue reaching $310 million**, up **15%** year-over-year, and **earnings per share of $0.22**, a **29%** increase from the prior year.  **[0001078271_2211162_1]** **[0001078271_2211162_3]** 
- **SaaS Annual Recurring Revenue (ARR) grew 24% year-over-year to $216 million**, and total bookings increased **21%** year-over-year, reflecting strong demand and adoption of the new **Extreme Platform One**.  **[0001078271_2211162_1]** **[0001078271_2211162_3]** 
- For **Q2 2026**, the company forecasts revenue in the range of **$309 million to $315 million** and EPS between **$0.23 and $0.25**; **full fiscal year 2026 revenue** is expected to be between **$1,247 million and $1,264 million**, with the midpoint suggesting **10%** year-over-year growth.  **[0001078271_2211162_4]** 
- Despite a non-GAAP gross margin of **61.3%** in Q1 2026 due to increased component costs, the company expects margins to recover to a target of **64% to 66%** over time, supported by recent price increases and growth in higher-margin subscription services.  **[0001078271_2211162_3]** **[0001078271_2211162_14]**

Extreme Networks Reports Strong Q1 2026 Results and Provides FY 2026 Guidance

- Extreme Networks reported strong **Q1 2026** results, with **revenue** reaching **$310 million**, a **15%** year-over-year increase, marking the sixth consecutive quarter of revenue growth and the third straight quarter of double-digit year-over-year increases.  **[0001078271_2211469_1]** **[0001078271_2211469_3]**  **Earnings per share** for the quarter were **$0.22**, up **29%** year-over-year.  **[0001078271_2211469_3]** 
- The company's **SaaS Annual Recurring Revenue (ARR)** grew **24%** year-over-year to **$216 million**, driven by recent large wins and the adoption of the new **Extreme Platform ONE**.  **[0001078271_2211469_1]** **[0001078271_2211469_3]**  Total bookings increased **21%** year-over-year.  **[0001078271_2211469_3]** 
- For **Q2 2026**, Extreme Networks expects **revenue** to be in the range of **$309 million to $315 million** and **earnings per share** between **$0.23 and $0.25**.  **[0001078271_2211469_4]**  The full **fiscal year 2026 revenue** is projected to be between **$1,247 million and $1,264 million**, with the midpoint suggesting **10%** year-over-year growth.  **[0001078271_2211469_4]** 
- Non-GAAP gross margin in Q1 2026 was **61.3%**, impacted by industry-wide component cost increases.  **[0001078271_2211469_3]**  However, the company anticipates a recovery to **63%+** by the end of the fiscal year through price increases and other initiatives, with a long-term target of **64%-66%**.  **[0001078271_2211469_3]** **[0001078271_2211469_5]** **[0001078271_2211469_10]** **[0001078271_2211469_12]** 
- During the quarter, Extreme Networks repurchased **577,000 shares** for a total of **$12 million** and ended with **$209 million** in cash.  **[0001078271_2211469_4]**

Extreme Networks Reports Strong Q1 2026 Results with Double-Digit Revenue and EPS Growth

- Extreme Networks reported **total revenue of $310.2 million** and **Non-GAAP EPS of $0.22** for Q1 2026.  **[0001078271_2210838:5]** **[0001078271_2210838:6]** **[0001078271_2210838:14]** 
- **SaaS Annual Recurring Revenue (ARR) reached $216 million**, demonstrating a **24% year-over-year growth**.  **[0001078271_2210838:5]** **[0001078271_2210838:9]** 
- The company's **net cash position was $7.8 million** at the end of Q1 2026, and it **repurchased 577K shares for $12 million** during the quarter.  **[0001078271_2210838:5]** **[0001078271_2210838:7]** 
- For Q2 2026, Extreme Networks provided guidance of **revenue between $309.0 million and $315.0 million** and **Non-GAAP EPS between $0.23 and $0.25**.  **[0001078271_2210838:10]**

Extreme Networks Reports Q1 2026 Results and Provides Q2 and FY26 Guidance

- Extreme Networks reported strong **Q1 Fiscal Year 2026** financial results, with revenue reaching **$310.2 million**, an increase of **15.2%** year-over-year, marking the sixth consecutive quarter of sequential growth.  **[1078271_0001193125-25-254626_extr-ex99_1.htm:0]** **[1078271_0001193125-25-254626_extr-ex99_1.htm:2]** 
- The company's SaaS Annual Recurring Revenue (ARR) grew **24.2%** year-over-year to **$216.2 million** in **Q1 Fiscal Year 2026**, driven by increasing customer demand and interest in its AI-powered networking platform.  **[1078271_0001193125-25-254626_extr-ex99_1.htm:0]** 
- **Non-GAAP diluted EPS** for **Q1 Fiscal Year 2026** was **$0.22**, compared to **$0.17** in the prior year.  **[1078271_0001193125-25-254626_extr-ex99_1.htm:0]** **[1078271_0001193125-25-254626_extr-ex99_1.htm:2]** 
- For **Q2 Fiscal Year 2026**, the company is targeting total net revenue between **$309.0 million and $315.0 million** and non-GAAP diluted EPS between **$0.23 and $0.25**.  **[1078271_0001193125-25-254626_extr-ex99_1.htm:3]**

EXTREME NETWORKS (EXTR)