Earnings Releases·Oct 28, 2026, 7:29 AM ET

Extreme Networks — Q1 Fiscal 2027 Earnings Summary

Total net revenue grew 10% year-over-year to $341.1 million, while GAAP diluted EPS rose 200% to $0.12 and Non-GAAP diluted EPS increased 50% to $0.33; free cash flow turned positive at $38.6 million compared to a $(20.9) million loss in the prior year period.
Management reaffirmed full-year Fiscal 2027 revenue guidance of $1,402.3 million to $1,412.3 million and Non-GAAP operating margin guidance of 17.2% to 17.6%, citing confidence in sustaining 10% growth driven by a better-than-seasonal start.
Strategic momentum accelerated with SaaS ARR up 22% year-over-year to $264.7 million and Extreme Platform ONE bookings representing over 50% of subscription bookings, alongside the general availability of the Extreme Agent ONE Coworker AI platform.
The company executed $25.0 million in share repurchases during the quarter and reported gross debt of $200.0 million against $244.5 million in cash and cash equivalents.