Revenue: As of FY2026 Q3, the actual value is USD 316.87 M, beating the estimate of USD 311.48 M.EPS: As of FY2026 Q3, the actual value is USD 0.08, beating the estimate of USD 0.0253.EBIT: As of FY2026 Q3, the actual value is USD 19.61 M.<h4>Key Business Metrics</h4><ul><li>SaaS Annual Recurring Revenue (SaaS ARR) was $236.4 million as of March 31, 2026, marking a 28.6% increase from $184.0 million as of March 31, 2025, driven by increased adoption of cloud network management solutions and subscription business expansion .</li></ul><h4>Revenue by Segment</h4>Three Months Ended March 31, 2026 vs. 2025: Product Revenue increased by $21.3 million (+12.0%) to $199.3 million in 2026 from $178.1 million in 2025, mainly due to average selling price improvements . Subscription and Support Revenue increased by $11.1 million (+10.4%) to $117.5 million in 2026 from $106.4 million in 2025, driven by increased adoption of cloud network management solutions . Total Net Revenues increased by $32.4 million (+11.4%) to $316.9 million in 2026 from $284.5 million in 2025 .Nine Months Ended March 31, 2026 vs. 2025: Product Revenue increased by $78.5 million (+15.3%) to $591.2 million in 2026 from $512.6 million in 2025, due to higher shipments and increased average selling prices . Subscription and Support Revenue increased by $33.4 million (+10.4%) to $353.9 million in 2026 from $320.5 million in 2025, also due to increased adoption of cloud network management solutions . Total Net Revenues increased by $112.0 million (+13.4%) to $945.0 million in 2026 from $833.1 million in 2025 .<h4>Gross Profit</h4>Three Months Ended March 31, 2026 vs. 2025: Product Gross Profit was $113.1 million (56.8% of product revenues) in 2026, up from $102.0 million (57.3% of product revenues) in 2025 . Subscription and Support Gross Profit was $82.4 million (70.1% of subscription and support revenues) in 2026, up from $73.4 million (69.0% of subscription and support revenues) in 2025 . Total Gross Profit was $195.5 million (61.7% of net revenues) in 2026, up from $175.4 million (61.7% of net revenues) in 2025 .Nine Months Ended March 31, 2026 vs. 2025: Product Gross Profit was $331.8 million (56.1% of product revenues) in 2026, up from $294.5 million (57.5% of product revenues) in 2025 . Subscription and Support Gross Profit was $246.8 million (69.7% of subscription and support revenues) in 2026, up from $225.5 million (70.4% of subscription and support revenues) in 2025 . Total Gross Profit was $578.7 million (61.2% of net revenues) in 2026, up from $520.0 million (62.4% of net revenues) in 2025 .<h4>Operating Expenses</h4>Three Months Ended March 31, 2026 vs. 2025: Research and Development increased to $59.2 million in 2026 from $55.7 million in 2025 (+6.3%) . Sales and Marketing increased to $89.0 million in 2026 from $79.8 million in 2025 (+11.5%) . General and Administrative increased to $29.6 million in 2026 from $29.5 million in 2025 (+0.3%) . Restructuring and Related Charges (Benefits) were $0 in 2026, compared to - $0.4 million in 2025 . Amortization of Intangible Assets decreased to $0.4 million in 2026 from $0.5 million in 2025 (-19.7%) . Total Operating Expenses increased to $178.2 million in 2026 from $165.0 million in 2025 (+8.0%) .Nine Months Ended March 31, 2026 vs. 2025: Research and Development increased to $174.5 million in 2026 from $165.0 million in 2025 (+5.7%) . Sales and Marketing increased to $267.3 million in 2026 from $241.1 million in 2025 (+10.9%) . General and Administrative increased to $93.4 million in 2026 from $92.2 million in 2025 (+1.3%) . Restructuring and Related Charges (Benefits) were $0.5 million in 2026, compared to $1.9 million in 2025 (-71.2%) . Amortization of Intangible Assets decreased to $1.3 million in 2026 from $1.5 million in 2025 (-14.0%) . Total Operating Expenses increased to $537.0 million in 2026 from $501.7 million in 2025 (+7.0%) .<h4>Other Income and Expenses</h4>Three Months Ended March 31, 2026 vs. 2025: Interest Income remained at $1.0 million in both 2026 and 2025 . Interest Expense was - $3.2 million in 2026, down from - $3.8 million in 2025 . Other Expense, Net was - $0.3 million in 2026, compared to - $0.4 million in 2025 .Nine Months Ended March 31, 2026 vs. 2025: Interest Income increased to $3.3 million in 2026 from $2.7 million in 2025 . Interest Expense was - $10.3 million in 2026, down from - $12.4 million in 2025 . Other Expense, Net was - $1.1 million in 2026, compared to - $0.4 million in 2025 .<h4>Net Income</h4><ul><li>Net Income for the three months ended March 31, 2026, was $10.6 million, up from $3.5 million in 2025 .</li><li>Net Income for the nine months ended March 31, 2026, was $24.1 million, up from $0.3 million in 2025 .</li></ul><h4>Cash Flow and Liquidity</h4>Nine Months Ended March 31, 2026 vs. 2025: Net Cash Provided by Operating Activities was $50.3 million in 2026, down from $70.1 million in 2025 . Net Cash Used in Investing Activities was - $20.4 million in 2026, compared to - $18.1 million in 2025 . Net Cash Used in Financing Activities was - $50.8 million in 2026, compared to - $23.1 million in 2025 . Cash and Cash Equivalents were $210.1 million as of March 31, 2026, compared to $231.7 million as of June 30, 2025 .<h4>Future Outlook and Strategy</h4>极进网络 (Extreme Networks, Inc.) aims to empower organizations with AI-powered cloud networking solutions, particularly through its Extreme Platform ONE, integrating networking, security, and AI to reduce complexity and enhance IT productivity . The company anticipates significant growth in the cloud-managed networking segment and plans to expand its technology leadership in switching, routing, and Wi-Fi, especially with the migration to Wi-Fi 6E and Wi-Fi 7 . The total addressable market for 极进网络 (Extreme Networks, Inc.)’s networking solutions is projected to exceed $42 billion in 2024, growing to $59 billion by 2029 with a 7% CAGR, while cloud-managed networking solutions are expected to grow at a 15% CAGR through 2029, and AI Networking for the Campus is forecasted to grow at a 72% CAGR over the next five years .

Extreme Networks | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 316.87 M