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Extreme Networks, Inc. EXTR Q3 2026 Annual earnings

Reported August 5, 2026 · Before market open

Revenue$338.5MBeat by $6.1M
EPS$0.32Beat by $0.03
Revenue estimate$332.5M
EPS estimate$0.29
We closed Fiscal 2026 delivering 13% year-over-year revenue growth, and the fourth quarter marked our sixth consecutive quarter of double-digit growth. These results are fueled by accelerating demand for our AI platform, a differentiated portfolio, strong execution, and broad product availability. This quarter further validates the competitive advantages we've created through our innovation, nimbleness, and supply chain leadership. We're winning more competitive deals, expanding with larger enterprises, and gaining share across our target markets. In Fiscal 2026, 187 customers ordered over one million dollars of Extreme solutions. Extreme Platform ONE reached over 30% of our subscription bookings in its first year of availability and doubled quarter-over-quarter in the fourth quarter. Each quarter, we're adding new features like advanced security, AI-powered automation, and support for third-party solutions. And we're winning competitive opportunities because customers recognize we're building the platform they'll standardize on now and well into the future.
Ed Meyercord

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$336.8M
EPS estimate$0.28

Financials

Q3 2026

Income statement

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Revenue$316.9M+11.4%
Gross profit$195.5M+11.5%
Operating income$17.3M+67.1%
Net income$10.6M+206%
EPS (diluted)$0.08+167%

Balance sheet

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Cash & equivalents$210.1M+13.3%
Total debt$235.7M+3.7%
Total equity$79.0M+10.1%
Total assets$1.2B+9.0%

Cash flow

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Operating cash flow$14.2M-52.6%
CapEx$6.4M+12.3%
Free cash flow$7.8M-68.0%

Valuation & ratios

Valuation

as of 06/30/26
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Market cap$2.02B+15.3%
Enterprise value$2.05B+14.0%
P/E124.4×
P/S1.6×0.0×

Profitability

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Gross margin61.3%+3.1pp
Operating margin3.3%+2.3pp
Net margin1.3%+0.7pp
FCF margin8.4%+2.6pp

Returns & leverage

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Return on equity21.6%+12.1pp
Debt / equity-0.2×
Current ratio0.9×0.0×

Segments

By geography

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EMEA$153.0M+42.8%
Asia Pacific$24.9M+39.7%
Other Americas$10.6M-25.0%

By product

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Subscription And Support$117.5M+10.4%

FAQ

When did Extreme Networks, Inc. report Q3 2026 earnings?
Extreme Networks, Inc. (EXTR) reported Q3 2026 earnings on August 5, 2026 before market open.
What were Extreme Networks, Inc.'s Q3 2026 revenue and EPS?
Extreme Networks, Inc. reported revenue of $338.5M and eps of $0.32 for Q3 2026.
Did Extreme Networks, Inc. beat estimates in Q3 2026?
Revenue beat the consensus estimate of $332.5M by $6.1M. EPS beat the consensus estimate of $0.29 by $0.03.
How did Extreme Networks, Inc.'s Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.3% from $307.0M a year earlier and eps grew 28.0% from $0.25.
Where can I find Extreme Networks, Inc.'s Q3 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-333840) and the 10-K periodic report (0001193125-26-352872) directly on SEC EDGAR. The filing index links above go to sec.gov.