Extreme Networks Earnings Reports

Extreme Networks concluded Q4 2025 with substantial momentum, achieving its fifth consecutive quarter of sequential revenue growth, up 20% year-over-year to $307.0 million. SaaS ARR also saw a significant increase of 24% year-over-year, reaching $207.6 million. The company reported a GAAP diluted loss per share of $0.06 and a non-GAAP diluted EPS of $0.25, alongside strong gross and operating margins, indicating effective expense management and a successful subscription model transition.

Extreme Networks reported robust financial results for Q3 FY25, with significant year-over-year revenue growth and improved profitability. The company saw strong execution, market recovery, and increased visibility driven by a robust funnel and traction with new commercial models.

Extreme Networks reported Q2 fiscal year 2025 financial results, demonstrating continued market recovery in enterprise networking and marking the third consecutive quarter of sequential revenue growth. The company's competitive win rates improved, especially with larger enterprise customers, due to the simplicity and feature differentiation of their cloud networking platform and enterprise campus fabric solution.

Extreme Networks reported strong first-quarter results, exceeding both revenue and EPS guidance. The company saw sequential revenue growth, which drove margin improvement and cash flow. SaaS ARR grew by 23% year-over-year, highlighting the strength of their cloud management platform.

Extreme Networks reported Q4 2024 revenue of $256.7 million, a 29% decrease year-over-year, and a GAAP loss per share of $0.42. The company took action to reserve end of sale inventory and position new products for growth in fiscal 2025, which impacted gross and operating margins. However, SaaS ARR grew 29% year-over-year, indicating continued strength in cloud networking services.

Extreme Networks reported a decrease in revenue by 36.5% year-over-year, totaling $211.0 million. GAAP diluted EPS was ($0.50), and non-GAAP diluted EPS was ($0.19). SaaS ARR grew by 38.0% year-over-year, reaching $162.0 million.

Extreme Networks reported a decrease in revenue by 6.9% year-over-year, totaling $296.4 million. Despite the revenue decline, the company improved gross margins and optimized operating expenses to maintain a healthy operating margin. SaaS ARR grew by 37% year-over-year, reaching $158.0 million. The company expects to emerge in the fourth quarter at a more normalized level of revenue and earnings.

Extreme Networks reported a strong first quarter for fiscal year 2024, with revenue up 19% year-over-year and significant operating leverage leading to a doubling of GAAP EPS. The company saw growth in SaaS ARR and generated substantial free cash flow.

Extreme Networks reported strong Q4 and FY23 results, with Q4 revenue up 31% year-over-year and GAAP EPS growth of 76%. The company doubled its cash generation to $235 million in free cash flow for the year and improved its balance sheet to a net cash position.

Extreme Networks reported record revenue of $332.5 million, a 16% year-over-year increase, along with record operating margin and EPS. The company also raised its full year FY23 revenue outlook to 16% year-over-year.

Extreme Networks reported a strong second quarter for fiscal year 2023, marked by double-digit revenue growth and an increased FY23 revenue outlook. The company's SaaS ARR saw significant year-over-year growth, and both GAAP and non-GAAP EPS exceeded the previous year's figures. The company is raising its FY23 revenue growth outlook to the high-end of its 10-15% range.

Extreme Networks reported record quarterly revenue of $297.7 million, an 11% increase year-over-year, fueled by cloud subscription results. The company's SaaS ARR reached $111 million, up 41% year-over-year. They reiterated their FY23 revenue growth outlook of 10-15%.

Extreme Networks reported flat revenue year-over-year for the fourth quarter of fiscal year 2022. However, the company achieved double-digit growth in both bookings and revenue for the full fiscal year, with revenue exceeding $1.1 billion for the first time. The company exited the year with a record product backlog of $513 million. The company is reiterating FY23 revenue growth of 10-15%.

Extreme Networks reported strong Q3 fiscal year 2022 financial results, achieving record bookings and revenue. The company's SaaS ARR is approaching $100 million, and its product backlog exceeds $425 million. They expect FY23 Revenue Growth of 10-15%, accelerating to Mid-Teens Through 2025

Extreme Networks reported strong Q2 fiscal year 2022 financial results, achieving record quarterly revenue and net income. The company's revenue increased by 16% year-over-year, and SaaS ARR grew by 55%. Strong demand across customer verticals resulted in over $90 million of incremental backlog.

Extreme Networks reported a strong first quarter with double-digit year-over-year revenue growth and record quarterly operating and net income. The company's cloud solutions drove customer interest, resulting in a doubling of backlog. Despite supply chain challenges, Extreme exceeded its quarterly revenue outlook.

Extreme Networks reported strong Q4 and fiscal year 2021 results, driven by unprecedented demand for enterprise solutions. Q4 revenue reached $278.1 million, up 29% year-over-year, with non-GAAP EPS at $0.19. The company's innovative solutions and focus on operational excellence contributed to the record performance.

Extreme Networks reported strong Q3 fiscal year 2021 results, with a 21% year-over-year revenue increase and double-digit non-GAAP operating margin. The company's cloud solutions are driving growth, with ExtremeCloud IQ new subscription growth up 122% year-over-year. Strong operating performance and reduction in inventory led to strong cash flow generation.

Extreme Networks reported Q2 fiscal year 2021 financial results with a revenue of $242.1 million, a GAAP EPS of $(0.02), and a non-GAAP EPS of $0.13. The company achieved record non-GAAP gross margins and double-digit operating margin two quarters ahead of prior expectations.

Extreme Networks reported Q1 fiscal year 2021 financial results with revenue of $235.8 million, down 8% year-over-year, and non-GAAP EPS of $0.09, up from $0.07 in Q1 last year. The company has paid down $40 million in revolving debt.

Extreme Networks reported its Q4 fiscal year 2020 financial results, showing a return to non-GAAP profitability and positive cash flow, despite a 15% year-over-year revenue decrease. Revenue reached $215.5 million, with non-GAAP EPS at $0.03. The company ended the quarter with $194 million in cash and cash equivalents.

Extreme Networks reported Q3 fiscal year 2020 results with a revenue of $209.5 million, a GAAP EPS of $(0.37), and a non-GAAP EPS of $(0.14). The company focused on strengthening its balance sheet and cloudifying its portfolio amid the COVID-19 pandemic.

Extreme Networks reported a revenue increase of 6% year-over-year, reaching $267.5 million. Non-GAAP EPS was $0.13, and the company achieved a Non-GAAP gross margin of 60%. The company also executed a $30 million accelerated share repurchase program.