Filing Flows › Extreme Networks (EXTR) › Q1 FY26
Extreme Networks (EXTR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 30, 2025
Extreme Networks (EXTR) reported revenue of $310M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and +1% from the quarter before. Operating margin was 3.6%, net earnings $5.6M (1.8% of revenue).
Extreme Networks, Q1 FY26: revenue $310M (+15% year over year), operating margin 3.6%, net earnings $5.6M, operating cash flow −$14.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $310M | +1% | +15% |
| Gross profit | $188M | -0.6% | +11% |
| Operating profit | $11.3M | — | — |
| Net earnings | $5.6M | — | — |
| Operating cash flow | −$14.0M | -117% | — |
What changed
Revenue was $310.2M in Q1 FY26, up 15% year over year and up 1% from the previous quarter. Product was the largest line at 63% of revenue. Product added $31.8M year over year (up 20%), 77% of the total change.
Gross margin was 60.6%, down 2.4 points from a year earlier. Operating profit was $11.3M, a 3.6% margin (up 5.4 points year over year). Operating expenses grew 1% against revenue growth of 15%. Net earnings were $5.6M. The effective tax rate was 32.8%.
Operating cash flow was −$14.0M. Non-cash charges added back $4.3M of depreciation and amortization and $21.8M of share-based compensation. Working capital and other items used $45.7M. Capital expenditures of $6.9M exceeded it, leaving free cash flow of −$20.9M.
Questions
What was Extreme Networks' revenue in the first quarter fiscal 2026?
Extreme Networks (EXTR) reported revenue of $310M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and +1% from the quarter before.
Was Extreme Networks profitable in the first quarter fiscal 2026?
Operating profit was $11.3M (3.6% of revenue) and net earnings $5.6M.
Source: Extreme Networks 10-Q on SEC EDGAR.