The earnings call reflects a strong performance in Q4 with notable revenue growth and strategic wins, particularly in the APAC and EMEA regions. The launch of Extreme Platform 1 and expansion in high-density venues further showcase the company's innovation and market penetration. However, there are growth challenges in the Americas and a dependency on large government contracts. Overall, the positive aspects significantly outweigh the lowlights.

Company Guidance -

Q1 2026

During the Extreme Networks Fourth Quarter Fiscal Year 2025 Conference Call, guidance highlighted several key metrics and expectations for the future. The company reported a fifth consecutive quarter of sequential revenue growth, achieving $307 million in Q4 revenue, marking a 20% year-over-year increase. SaaS ARR revenue accelerated to $208 million, a 24% increase year-over-year, driven by robust demand across various verticals and regions, including strong performances in APAC and EMEA. The company achieved a non-GAAP earnings per share of $0.25, at the high end of their guidance range, and exceeded the consensus of $0.23. Product revenue grew 26% year-over-year to $192 million, with Wi-Fi 7 representing 30% of wireless units. Looking ahead, for fiscal year 2026, revenue is expected to be between $1.228 billion to $1.238 billion, with strong visibility for growth based on the funnel, backlog, and future customer demand. For Q1 of fiscal 2026, revenue is projected to range from $292 million to $300 million, with earnings per share between $0.20 to $0.23.

Record Revenue Growth

Achieved a revenue of $307 million in Q4, marking a 20% increase year-over-year and an 8% increase sequentially.

SaaS ARR Acceleration

SaaS ARR revenue grew to $208 million, an increase of 24% year-over-year.

Significant Wins in APAC

Achieved the largest win in company history in the APAC region with the Japanese government, including a major project with the Supreme Court.

Strong Performance in EMEA

EMEA revenue grew 21% year-over-year, the highest level since early 2024.

Expansion in High-Density Venues

Expanded presence in venues like MetLife Stadium and Pinnacle Bank Arena with modern WiFi 6E infrastructure.

Introduction of Extreme Platform 1

Launched the AI-powered Extreme Platform 1, recognized by industry analysts as at the leading edge of the market.

Strong Financial Performance

Achieved earnings per share of $0.25, up 32% from the prior year.

Improved Cash Flow

Generated $75 million in free cash flow, the highest quarterly level since 2023.

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
Oct 29, 2025	2026 (Q1)	0.21 / -	0.17	―	―	―
Aug 06, 2025	2025 (Q4)	0.23 / 0.25	0.19	31.58% (+0.06)
Apr 30, 2025	2025 (Q3)	0.18 / 0.21	-0.19	210.53% (+0.40)
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)

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
Aug 06, 2025	$17.67	$20.15	+14.04%
Apr 30, 2025	$13.32	$13.16	-1.20%
Jan 29, 2025	$16.25	$15.77	-2.95%
Oct 30, 2024	$14.22	$15.92	+11.95%

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.