Filing Flows › Extreme Networks (EXTR) › Q2 FY26
Extreme Networks (EXTR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 29, 2026
Extreme Networks (EXTR) reported revenue of $318M for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and +2% from the quarter before. Operating margin was 4.1%, net earnings $7.9M (2.5% of revenue).
Extreme Networks, Q2 FY26: revenue $318M (+14% year over year), operating margin 4.1%, net earnings $7.9M, operating cash flow $50.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $318M | +2% | +14% |
| Gross profit | $195M | +4% | +11% |
| Operating profit | $13.0M | +15% | +3% |
| Net earnings | $7.9M | +40% | +7% |
| Operating cash flow | $50.1M | — | +133% |
| Free cash flow | $43.0M | — | +167% |
What changed
Revenue was $317.9M in Q2 FY26, up 14% year over year and up 2% from the previous quarter. Product was the largest line at 62% of revenue. Product added $25.5M year over year (up 15%), 66% of the total change.
Gross margin was 61.4%, down 1.3 points from a year earlier. Operating profit was $13.0M, a 4.1% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 5% margin then. Operating expenses grew 12% against revenue growth of 14%. The fastest-growing cost line was General & admin (+33%). Net earnings were $7.9M, up 7% year over year. The effective tax rate was 24.3%.
Operating cash flow was $50.1M (up 133% year over year), 637% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $22.9M of share-based compensation. Working capital and other items added $15.0M. Capital expenditures of $7.1M left free cash flow of $43.0M.
Questions
What was Extreme Networks' revenue in the second quarter fiscal 2026?
Extreme Networks (EXTR) reported revenue of $318M for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and +2% from the quarter before.
Was Extreme Networks profitable in the second quarter fiscal 2026?
Operating profit was $13.0M (4.1% of revenue) and net earnings $7.9M.
Source: Extreme Networks 10-Q on SEC EDGAR.