--- title: "Extreme Networks | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 316.87 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/284828186.md" datetime: "2026-04-30T20:14:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284828186.md) - [en](https://longbridge.com/en/news/284828186.md) - [zh-HK](https://longbridge.com/zh-HK/news/284828186.md) --- # Extreme Networks | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 316.87 M 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. #### Key Business Metrics - 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 . #### Revenue by Segment **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 . #### Gross Profit **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 . #### Operating Expenses **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%) . #### Other Income and Expenses **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 . #### Net Income - Net Income for the three months ended March 31, 2026, was $10.6 million, up from $3.5 million in 2025 . - Net Income for the nine months ended March 31, 2026, was $24.1 million, up from $0.3 million in 2025 . #### Cash Flow and Liquidity **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 . #### Future Outlook and Strategy 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 . ### Related Stocks - [EXTR.US](https://longbridge.com/en/quote/EXTR.US.md) ## Related News & Research - [Extreme Networks Q3 revenue beats estimates](https://longbridge.com/en/news/284556401.md) - [Extreme Platform ONE Reduces Network Costs by 32%, Enterprise Adoption Gains Momentum | EXTR Stock News](https://longbridge.com/en/news/283486659.md) - [Palo Alto Networks to Announce Fiscal Third Quarter 2026 Financial Results on Tuesday, June 2, 2026 | PANW Stock News](https://longbridge.com/en/news/284897633.md) - [NAPCO Security Technologies, Inc. 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