Quarterly ResultApr 29, 2026, 07:17 AM
EXTR Q3 Revenue +11% to $316.9M; SaaS ARR +28.6%; EPS $0.08
AI Summary
Extreme Networks reported strong third quarter fiscal year 2026 financial results, with revenue increasing 11% year-over-year to $316.9 million and SaaS Annual Recurring Revenue (ARR) accelerating 28.6% year-over-year to $236.4 million. This marks the company's fifth straight quarter of double-digit growth and eighth consecutive quarter of sequential product revenue growth, driven by demand for its AI-powered platform and successful supply chain management. Extreme also returned $50 million to shareholders through an accelerated share repurchase program, underscoring confidence in its operating model and cash flow generation.
Key Highlights
- Revenue increased 11% year-over-year to $316.9 million.
- SaaS ARR grew 28.6% year-over-year to $236.4 million.
- GAAP diluted EPS was $0.08, up from $0.03 in the prior year.
- Non-GAAP diluted EPS was $0.26, up from $0.21 in the prior year.
- Non-GAAP operating margin improved to 15.2% from 14.1% year-over-year.
- The company repurchased $50.0 million of shares during the quarter.
- Secured new Extreme Platform ONE wins including Asiana Airlines and London Business School.
- Supported Lucas Oil Stadium for NCAA Men’s Final Four with modernized connectivity.