The earnings call reflected a positive outlook, with strong revenue growth, significant customer wins, and strategic advances like Platform ONE. However, there were some regional challenges and expected gross margin pressures in the upcoming quarters.

Company Guidance

In the second quarter of fiscal year 2025, Extreme Networks reported continued growth, marked by a 4% sequential revenue increase to $279.4 million, driven by a 6% rise in product sales and subscription contracts. The company achieved its best product bookings in five quarters and improved competitive win rates, especially with enterprise customers. Revenue from the EMEA region grew significantly both sequentially and year-over-year, while the Americas faced seasonal impacts in the K-12 vertical. Extreme Networks' gross margin was 63.4%, and operating profit reached $41.2 million, translating to a 14.7% margin. The company provided guidance for the third quarter, expecting revenue between $276 million and $284 million, with gross margins from 62% to 63%, and earnings per share ranging from $0.16 to $0.20. For the full fiscal year 2025, Extreme Networks anticipates revenue between $1,120 million and $1,138 million, with increased margins and cash flow.

Strong Revenue Growth

Revenue for the second quarter of fiscal 2025 was $279.4 million, representing a 4% sequential growth, driven by 6% growth in product sales and attached subscription and support contracts.

Significant Customer Wins

36 customers spent over $1 million with Extreme in the quarter, up from 27 last quarter, including notable deals with the Pittsburgh Steelers and Taylor Wessing.

EMEA Business Growth

EMEA business grew significantly both sequentially and year-over-year, with expectations of continued momentum as governmental issues in Germany resolve.

Improved Gross Margin

Gross margin improved year-over-year by 90 basis points to 63.4%, reflecting improved standard costs.

Platform ONE Launch and Recognition

The new Platform ONE was named one of the 10 hottest networking products of 2024 by CRN Magazine, with plans for further market expansion.

Positive Cash Flow

The quarter ended with $16 million in free cash flow, reflecting higher revenue and solid profitability.

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Extreme Networks (EXTR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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EXTR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2025	2025 (Q3)	0.18 / -	-0.19	―	―	―
Jan 29, 2025	2025 (Q2)	0.18 / 0.21	0.24	-12.50% (-0.03)
Oct 30, 2024	2025 (Q1)	0.12 / 0.17	0.35	-51.43% (-0.18)
Aug 07, 2024	2024 (Q4)	0.13 / 0.19	0.33	-42.42% (-0.14)
May 01, 2024	2024 (Q3)	-0.18 / -0.19	0.29	-165.52% (-0.48)
Jan 31, 2024	2024 (Q2)	0.25 / 0.24	0.27	-11.11% (-0.03)
Nov 01, 2023	2024 (Q1)	0.32 / 0.35	0.2	75.00% (+0.15)
Aug 02, 2023	2023 (Q4)	0.32 / 0.33	0.15	120.00% (+0.18)
Apr 26, 2023	2023 (Q3)	0.26 / 0.29	0.21	38.10% (+0.08)
Jan 25, 2023	2023 (Q2)	0.23 / 0.27	0.21	28.57% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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EXTR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2025	$16.25	$15.77	-2.95%
Oct 30, 2024	$14.22	$15.92	+11.95%
Aug 07, 2024	$12.95	$12.65	-2.32%
May 01, 2024	$11.20	$11.45	+2.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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