Filing Flows › Extreme Networks (EXTR) › Q1 FY27
Extreme Networks (EXTR) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 29, 2026
Extreme Networks (EXTR) reported revenue of $341M for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and +0.8% from the quarter before. Operating margin was 6.8%, net earnings $16.0M (4.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $341M | +0.8% | +10% |
| Gross profit | $212M | +0.7% | +13% |
| Operating profit | $23.1M | +10% | +104% |
| Net earnings | $16.0M | -11% | +185% |
| Operating cash flow | $45.4M | -38% | — |
| Free cash flow | $38.7M | -41% | — |
What changed
Revenue was $341.1M in Q1 FY27, up 10% year over year and up 1% from the previous quarter. Product was the largest line at 64% of revenue. Product added $24.2M year over year (up 12%), 79% of the total change.
Gross margin was 62.1%, up 1.5 points from Q1 FY26. Operating profit was $23.1M, a 6.8% margin (up 3.1 points year over year). Of the extra revenue versus Q1 FY26, 38% reached operating profit, above the 4% margin then. Operating expenses grew 7% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+761%). Net earnings were $16.0M, up 185% year over year. The effective tax rate was 13.4%.
Operating cash flow was $45.4M, 284% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $21.5M of share-based compensation. Working capital and other items added $3.7M. Capital expenditures of $6.8M left free cash flow of $38.7M.
Questions
What was Extreme Networks' revenue in the first quarter fiscal 2027?
Extreme Networks (EXTR) reported revenue of $341M for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and +0.8% from the quarter before.
Was Extreme Networks profitable in the first quarter fiscal 2027?
Operating profit was $23.1M (6.8% of revenue) and net earnings $16.0M.
Source: Extreme Networks 10-Q on SEC EDGAR.