Education
About Us
Working with TipRanks
Follow Us
Extreme Networks (EXTR)
NASDAQ:EXTR
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.24Last Year’s EPS
0.21Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial trajectory: double-digit revenue growth, accelerating SaaS ARR, record subscription bookings, improved gross and operating margins, significant free cash flow and adjusted EBITDA, and a clear pipeline of large upmarket wins. Near-term margin pressure is being acknowledged and quantified primarily from low-margin professional services related to several large implementations and ongoing component cost inflation. Management has taken price and supply actions and expects product margins to improve in H2, with long-term gross margin targets reiterated. On balance the favorable growth, recurring revenue strength, market share gains, and cash generation substantially outweigh the near-term mix and supply challenges.Company Guidance
Revenue Growth and Guidance Upside
Total revenue of $318 million in Q2, up 14% year over year, exceeding the high end of guidance. Full fiscal 2026 revenue guidance raised to a range of $1.262 billion to $1.270 billion (midpoint implies ~11% YoY growth), representing a $10 million increase at the midpoint vs prior guidance.
Earnings Per Share and Profit Acceleration
Non-GAAP earnings per share of $0.26 in the quarter, up from $0.21 a year ago (24% YoY improvement). Management expects profitability growth of around 20% on double-digit revenue growth for the year.
Recurring Revenue and SaaS Momentum
SaaS ARR reached $227 million, accelerating 25% year over year. Recurring revenue was up 12% YoY. SaaS deferred revenue grew to $334 million (+15% YoY) and overall deferred recurring revenue increased to $628 million (+9% YoY).
Record Subscription Bookings and Platform One Adoption
Company reported its strongest subscription bookings on record, with Platform One bookings well ahead of targets (noted as twice target internally) and subscription momentum translating into accelerating ARR growth.
Gross Margin and Margin Expansion Progress
Non-GAAP gross margin improved to 62%, up 70 basis points sequentially and at the high end of guidance. Product margins increased driven by mitigation actions and a price increase; subscription and support margins improved on higher revenue and lower warranty costs.
Operating Efficiency and Cash Generation
Operating expenses were flat sequentially at $149 million and declined as a percent of revenue, operating margin rose to 15% (from 13.3% last quarter). Adjusted EBITDA was $52.4 million (16.5% margin) and free cash flow was $43 million in the quarter while inventory and days on hand declined.
Large Deal Velocity and Upmarket Wins
Closed 34 deals over $1 million during the quarter and several large multimillion-dollar Platform One and fabric deployments across verticals (retail chain deployment across 3,000 stores, major universities, healthcare providers, stadiums, and government wins).
Go-to-Market and Partner Momentum
MSP partner footprint nearly doubled and MSP billings rose more than three times year over year. Company launched 'Extreme Partner First' program and highlighted partners can earn ~20% more profit versus competitors; 19 go-to-market pods and new EMEA sales leadership noted as drivers of pipeline growth.
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 |
|---|---|---|---|
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% |
Apr 30, 2025 | $13.32 | $13.16 | -1.20% |
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 Apr 29, 2026, Before Open (Confirmed).
What is Extreme Networks (EXTR) earnings time?
Extreme Networks (EXTR) earnings time is at Apr 29, 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 (Q3) is 0.24.
