EXTR
Extreme Networks, Inc.16.79
-0.13-0.77%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A affirms gains, doubles Platform One target
Q&A drilled into share gains with third-party data from Dell'Oro and 650 Group, crediting two-year go-to-market revamp under Norman Rice and 19 sales pods. Management revealed doubling their internal Platform One bookings target, underscoring agentic AI pull. A 7% price increase landed without pushback, proving demand inelasticity; they unlocked alternative DDR4 memory amid shortages. Pro services for stadium installs drag Q3/Q4 gross margins to 61%, versus 70% subscription norms, but product margins climb. Price hikes vanish like trees falling. Executives eyed accretive M&A casually, dismissed tariffs. Outlook stays confident; watch EMEA government spend.
Key Stats
Market Cap
2.25BP/E (TTM)
279.83Basic EPS (TTM)
0.06Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Extreme Networks posted Q2 FY2026 revenue of $317.9M, up 13.8% y/y and riding product strength at $197.8M (+14.8% y/y) while subscriptions grew 12.2% y/y to $120.2M; gross margin slipped to 61.4% from 62.7% y/y amid component costs, yet operating income held steady at $13.0M and diluted EPS matched $0.06 on 135M shares. YTD revenue hit $628.2M (+14.5% y/y), operating income jumped to $24.3M from $7.9M, and EPS reached $0.10. Cash from operations funded $36.1M FCF (derived) despite $13.9M capex, with $219.8M cash offsetting $172.5M term debt (5.92% rate) and $135.8M revolver availability. Stockholders' equity doubled to $95.9M. Litigation clouds persist.
8-K
Revenue up 14% YoY
Extreme Networks posted Q2 FY26 revenue of $317.9M, up 14% YoY, with SaaS ARR surging 25% to $226.8M amid seven straight quarters of sequential growth. Non-GAAP operating margin hit 15.0%, beating plan despite supply chain woes. Platform ONE bookings doubled targets. Raised FY26 revenue view to $1.262-1.270B.
8-K
Pasek joins Extreme board
Extreme Networks appointed Ron Pasek to its Board of Directors on January 5, 2026, effective immediately. He receives a pro rata $110,000 annual retainer, potential committee fees up to $12,500, and 11,075 RSUs vesting by November 12, 2026, or sooner on change of control. No prior arrangements or related transactions disclosed. Standard indemnification applies.
8-K
Annual meeting proposals approved
Extreme Networks stockholders approved all proposals at the November 12, 2025 annual meeting, re-electing seven directors despite notable withheld votes for Shoemaker (18.9M). Say-on-pay passed handily; Grant Thornton ratified as auditors. Crucially, they greenlit adding 6.8M shares to the 2013 Equity Incentive Plan. Governance intact.
8-K
FY26 guidance detailed
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