Filing Flows › Extreme Networks (EXTR) › Q1 FY27 › vs Q4 FY26
Extreme Networks (EXTR) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Extreme Networks's revenue rose $2.5M (+0.8%) from $339M in Q4 FY26 to $341M in Q1 FY27. The biggest changes: Subscription and Support +$2.7M (+2%); Product −$200K (-0.1%). Gross margin 62.1% against 62.2% (-0.0 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 62.1% | 62.2% | -0.0 pts |
| Operating margin | 6.8% | 6.2% | +0.5 pts |
| Net margin | 4.7% | 5.3% | -0.6 pts |
| Free cash flow margin | 11.3% | 19.3% | -7.9 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Product | $218M | $218M | −$200K | -0.1% |
| Subscription and Support | $123M | $120M | $2.7M | +2% |
| Revenue | $341M | $339M | $2.5M | +0.8% |
| Gross profit | $212M | $210M | $1.4M | +0.7% |
| Cost of revenue | $129M | $128M | $1.1M | +0.9% |
| Operating profit | $23.1M | $21.1M | $2.0M | +10% |
| Operating expenses | $189M | $189M | −$571K | -0.3% |
| Pre-tax earnings | $18.4M | $17.9M | $540K | +3% |
| Other expense, net | $4.6M | $3.2M | $1.5M | +47% |
| Research & development | $57.8M | $59.4M | −$1.6M | -3% |
| Sales & marketing | $92.0M | $97.0M | −$5.0M | -5% |
| General & admin | $31.5M | $31.9M | −$356K | -1% |
| Other operating costs | $7.5M | $1.1M | $6.4M | +562% |
| Net earnings | $16.0M | $18.0M | −$2.1M | -11% |
| Income tax | $2.5M | −$135K | $2.6M | — |
| Depreciation & amortization | $4.3M | $4.6M | −$339K | -7% |
| Share-based compensation | $21.5M | $21.8M | −$356K | -2% |
| Working capital & other | $3.7M | $28.4M | −$24.7M | -87% |
| Operating cash flow | $45.4M | $72.8M | −$27.4M | -38% |
| Free cash flow (OCF − capex) | $38.7M | $65.3M | −$26.6M | -41% |
| Capital expenditures | $6.8M | $7.6M | −$817K | -11% |
Questions
How much did Extreme Networks's revenue grow quarter over quarter in Q1 FY27?
Extreme Networks's revenue rose $2.5M (+0.8%) from $339M in Q4 FY26 to $341M in Q1 FY27.
What drove Extreme Networks's revenue change in Q1 FY27?
Subscription and Support +$2.7M (+2%); Product −$200K (-0.1%).