Extreme Networks — Q1 Fiscal 2027 Earnings Summary

Extreme Networks reported first-quarter fiscal 2027 revenue of $341.1 million, representing a 10% year-over-year increase and marking the seventh consecutive quarter of double-digit growth. The company's SaaS annual recurring revenue (ARR) accelerated to $264.7 million, up 22% year-over-year, driven by strong adoption of the Extreme Platform ONE. Non-GAAP diluted earnings per share rose 50% to $0.33, while adjusted EBITDA increased 47% to $65.6 million. The company also announced the general availability of its second-generation AI platform, Agent ONE Coworker, and provided guidance for the second quarter of fiscal 2027 with total net revenue expected between $345.8 million and $350.8 million.