Extreme Networks Q1 2026 Financial Results

Extreme Networks, Inc. reported its financial results for the first quarter of fiscal year 2026, ending September 30, 2025. The company announced a 15% year-over-year increase in revenue, reaching $310.2 million. This marks the sixth consecutive quarter of sequential growth. SaaS ARR (Annual Recurring Revenue) grew by 24% year-over-year to $216.2 million. GAAP diluted EPS was $0.04, compared to a loss of $0.08 in the same quarter last year. Non-GAAP diluted EPS was $0.22, up from $0.17 in the prior year. The company highlighted strong performance in its AI-powered networking platform and high-performance solutions, which contributed to the positive results. Key wins included a major government customer in APAC and deployments at T-Mobile Center and Doosan Enerbility. The company also provided guidance for the second quarter of fiscal 2026, expecting revenue between $309.0 million and $315.0 million.