Filing Flows › Extreme Networks (EXTR) › Q1 FY27 › vs Q1 FY26
Extreme Networks (EXTR) Q1 FY27 vs Q1 FY26 (year over year)
Extreme Networks's revenue rose $30.8M (+10%) from $310M in Q1 FY26 to $341M in Q1 FY27. The biggest changes: Product +$24.2M (+12%); Subscription and Support +$6.6M (+6%). Gross margin 62.1% against 60.6% (+1.5 pts).
Extreme Networks, Q1 FY27: revenue $341M (+10% year over year), operating margin 6.8%, net earnings $16.0M, operating cash flow $45.4M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 62.1% | 60.6% | +1.5 pts |
| Operating margin | 6.8% | 3.6% | +3.1 pts |
| Net margin | 4.7% | 1.8% | +2.9 pts |
| Free cash flow margin | 11.3% | -6.7% | +18.1 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Product | $218M | $194M | $24.2M | +12% |
| Subscription and Support | $123M | $116M | $6.6M | +6% |
| Revenue | $341M | $310M | $30.8M | +10% |
| Gross profit | $212M | $188M | $23.9M | +13% |
| Cost of revenue | $129M | $122M | $6.9M | +6% |
| Operating profit | $23.1M | $11.3M | $11.8M | +104% |
| Operating expenses | $189M | $177M | $12.1M | +7% |
| Pre-tax earnings | $18.4M | $8.4M | $10.1M | +121% |
| Other expense, net | $4.6M | $2.9M | $1.7M | +58% |
| Research & development | $57.8M | $57.8M | $67K | +0.1% |
| Sales & marketing | $92.0M | $88.9M | $3.1M | +3% |
| General & admin | $31.5M | $29.2M | $2.3M | +8% |
| Other operating costs | $7.5M | $871K | $6.6M | +761% |
| Net earnings | $16.0M | $5.6M | $10.4M | +185% |
| Income tax | $2.5M | $2.7M | −$273K | -10% |
| Depreciation & amortization | $4.3M | $4.3M | −$22K | -0.5% |
| Share-based compensation | $21.5M | $21.8M | −$322K | -1% |
| Working capital & other | $3.7M | −$45.7M | $49.4M | — |
| Operating cash flow | $45.4M | −$14.0M | $59.4M | — |
| Free cash flow (OCF − capex) | $38.7M | −$20.9M | $59.5M | — |
| Capital expenditures | $6.8M | $6.9M | −$95K | -1% |
Questions
How much did Extreme Networks's revenue grow year over year in Q1 FY27?
Extreme Networks's revenue rose $30.8M (+10%) from $310M in Q1 FY26 to $341M in Q1 FY27.
What drove Extreme Networks's revenue change in Q1 FY27?
Product +$24.2M (+12%); Subscription and Support +$6.6M (+6%).