Extreme Networks (EXTR)
NASDAQ:EXTR
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.29Last Year’s EPS
0.25Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple clear operational and financial improvements: revenue beat, sustained double-digit growth, rapid SaaS ARR acceleration (+29% YoY), margin expansion (62.3% GM, +30 bps q/q), recordably strong EBITDA, resolved supply constraints and meaningful product and partner traction (Wi‑Fi 7 adoption, Platform ONE wins, MSP growth). Lowlights were primarily execution/timing and margin-transmission uncertainties — higher component costs necessitating price increases whose net benefits are diluted by discounting, some project timing shifts and regional shipping delays. Overall, positives (growth, margin improvement, supply resolution, recurring revenue momentum, capital returns) materially outweigh the challenges, though timing and competitive dynamics require monitoring.Company Guidance
Revenue Beat and Sustained Growth
Total revenue of $317.0M, up 11% year-over-year, beat the high end of guidance. This marks 5 consecutive quarters of double-digit revenue growth and 8 quarters of sequential product revenue growth; product revenue rose 12% year-over-year.
Strong SaaS and Recurring Revenue Momentum
SaaS ARR reached $236M, up 29% year-over-year. SaaS deferred revenue was $342M (+19% YoY). Subscription & support recurring revenue was $114M, up 13% YoY and representing 36% of revenue.
Improved Margins and Profitability
Gross margin improved to 62.3% (up 30 bps quarter-over-quarter) and product gross margin rose 70 bps q/q. Operating margin was 15.2% (vs. 14.1% prior quarter). EBITDA was $53.4M (16.9% margin), the highest dollar and margin level in 10 quarters. EPS was $0.26, up 24% YoY (from $0.21). The company exited the quarter with over $200M in annualized EBITDA.
Supply Chain Resolution and Strategic Actions
Company secured memory and component supply through fiscal 2027+ via multi-sourcing, alternative component qualification, engineering redesign, inventory investments and strategic supplier partnerships — restoring fulfillment certainty and improving margin visibility.
Product Adoption, Wins and Differentiation
Wi‑Fi 7 represented 37% of wireless unit shipments (up from 27% last quarter) and accounted for nearly half of wireless bookings. The company reported 44 customers spending over $1M in the quarter and multiple Platform ONE wins (e.g., Asiana Airlines, Bridgeport Public Schools, University of Buckingham). High-profile deployments included Artemis II launch support and Lucas Oil Stadium.
Partner/MSP Momentum
MSP program growth with more than 70 active partners; MSP billings grew 26% quarter-over-quarter. New partner program delivers ~20% higher profitability versus the largest competitor, supporting channel expansion and higher attach rates.
Capital Allocation and Shareholder Returns
Executed a $50M accelerated share repurchase, retiring over 3M shares at an average price of $14.58. $137.5M remains of the current $200M buyback authorization, signaling continued share repurchases.
Confident Forward Guidance
Q4 guidance: revenue $330M–$335M; gross margin 61.8%–62.2%; operating margin 15.2%–16.1%; EPS $0.28–$0.30. FY26 guidance: revenue $1.275B–$1.280B (midpoint implies ~12% YoY growth), gross margin 61.8%–61.9%, EPS $1.02–$1.04. Company reiterates plan for continued double-digit growth and share gains into FY27.
EXTR Earnings History
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
EXTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $17.05 | $21.85 | +28.15% |
Jan 28, 2026 | $14.70 | $15.02 | +2.18% |
Oct 29, 2025 | $21.27 | $18.01 | -15.33% |
Aug 06, 2025 | $17.67 | $20.15 | +14.04% |
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.
FAQ
When does Extreme Networks (EXTR) report earnings?
Extreme Networks (EXTR) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Extreme Networks (EXTR) earnings time?
Extreme Networks (EXTR) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EXTR EPS forecast?
EXTR EPS forecast for the fiscal quarter 2026 (Q4) is 0.29.
