Oct 28, 7:29 AM ET
Extreme Networks reported first-quarter fiscal 2027 revenue of $341.1 million, up 10% from a year earlier, and GAAP net income of $16.0 million, or $0.12 per diluted share, versus $0.04 a year earlier. The company guided fiscal second-quarter revenue to $345.8 million to $350.8 million and full-year fiscal 2027 revenue to $1,402.3 million to $1,412.3 million, and it repurchased $25.0 million of stock during the quarter.
- Revenue $341.1 million, up 10%; SaaS ARR $264.7 million, up 22% year over year
- GAAP diluted EPS $0.12 versus $0.04; non-GAAP diluted EPS $0.33, up 50%
- Q2 fiscal 2027 guidance: revenue $345.8 million to $350.8 million; non-GAAP EPS $0.32 to $0.34
- Full-year fiscal 2027 guidance: revenue $1,402.3 million to $1,412.3 million; non-GAAP EPS $1.35 to $1.39
Read the filing on SEC.gov ↗
Aug 5, 7:12 AM ET
Extreme Networks reported fourth-quarter and fiscal 2026 results for the year ended June 30, 2026, with fiscal 2026 revenue up 12.6% to $1.28 billion and fourth-quarter GAAP diluted EPS of $0.13 versus a loss of $0.06 a year earlier. The company also gave fiscal 2027 targets of $1.38 billion to $1.40 billion in revenue and non-GAAP EPS of $1.28 to $1.33, compared with non-GAAP EPS of $1.06 in fiscal 2026, and disclosed a $500.0 million revolving credit facility entered July 29, 2026.
- Q4 fiscal 2026 revenue of $338.6 million, up 10.3% year-over-year; fiscal 2026 GAAP diluted EPS of $0.31 versus a loss of $0.06 in fiscal 2025
- Fiscal 2027 revenue target of $1.38 billion to $1.40 billion and non-GAAP EPS target of $1.28 to $1.33
- First-quarter fiscal 2027 revenue target of $334.0 million to $339.0 million
- Q4 share repurchases of $25.0 million; ending cash of $211.8 million and net cash of $46.8 million at June 30, 2026
Read the filing on SEC.gov ↗
Jul 30, 7:17 AM ET
Extreme Networks signed a new $500 million, five-year revolving credit agreement with JPMorgan Chase Bank as administrative agent, and used a borrowing under it to repay its existing Bank of Montreal credit agreement. As of the closing date, $200 million was drawn and $300 million remained available. The filing describes a routine refinancing that adds debt and covenant obligations, with no early termination penalties reported.
- New $500 million revolving facility matures July 29, 2031, with $200 million outstanding at closing and $300 million available.
- Existing credit agreement with Bank of Montreal, dated June 22, 2023, was terminated and fully repaid, with liens released.
- Facility is secured by substantially all assets and requires a consolidated total net leverage ratio of no more than 3.75 to 1.00 and interest charge coverage of at least 3.00 to 1.00, starting with the quarter ending September 30, 2026.
Read the filing on SEC.gov ↗
Apr 29, 7:14 AM ET
Extreme Networks reported fiscal third-quarter 2026 results for the quarter ended March 31, 2026, with revenue up 11% year over year and GAAP diluted EPS of $0.08, up from $0.03. The company also gave fourth-quarter and full-year fiscal 2026 revenue targets of $330.0 million to $335.0 million and $1,275.0 million to $1,280.0 million, respectively, and reported $50.0 million in share repurchases during the quarter.
- Q3 fiscal 2026 revenue was $316.9 million, up from $284.5 million a year earlier; SaaS ARR rose 28.6% year over year to $236.4 million.
- GAAP diluted EPS was $0.08 versus $0.03 a year earlier; non-GAAP diluted EPS was $0.26 versus $0.21.
- Fourth-quarter fiscal 2026 GAAP EPS target is $0.12 to $0.15 on revenue of $330.0 million to $335.0 million.
- The company repurchased $50.0 million of stock in the quarter and ended Q3 with $210.1 million in cash and $11.3 million in net cash.
Read the filing on SEC.gov ↗
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