Filing Flows › Extreme Networks (EXTR) › Q3 FY26
Extreme Networks (EXTR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 30, 2026
Extreme Networks (EXTR) reported revenue of $317M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and -0.3% from the quarter before. Operating margin was 5.5%, net earnings $10.6M (3.3% of revenue).
Extreme Networks, Q3 FY26: revenue $317M (+11% year over year), operating margin 5.5%, net earnings $10.6M, operating cash flow $14.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $317M | -0.3% | +11% |
| Gross profit | $196M | +0.2% | +11% |
| Operating profit | $17.3M | +33% | +67% |
| Net earnings | $10.6M | +34% | +206% |
| Operating cash flow | $14.2M | -72% | -53% |
| Free cash flow | $7.8M | -82% | -68% |
What changed
Revenue was $316.9M in Q3 FY26, up 11% year over year and roughly flat from the previous quarter. Product was the largest line at 63% of revenue. Product added $21.3M year over year (up 12%), 66% of the total change.
Gross margin was 61.7%, up 0.1 points from Q3 FY25. Operating profit was $17.3M, a 5.5% margin (up 1.8 points year over year). Of the extra revenue versus Q3 FY25, 22% reached operating profit, above the 4% margin then. Operating expenses grew 8% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+12%). Net earnings were $10.6M, up 206% year over year. The effective tax rate was 28.5%.
Operating cash flow was $14.2M (down 53% year over year), 134% of net earnings. Non-cash charges added back $4.2M of depreciation and amortization and $21.8M of share-based compensation. Working capital and other items used $22.4M. Capital expenditures of $6.4M left free cash flow of $7.8M.
Questions
What was Extreme Networks' revenue in the third quarter fiscal 2026?
Extreme Networks (EXTR) reported revenue of $317M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and -0.3% from the quarter before.
Was Extreme Networks profitable in the third quarter fiscal 2026?
Operating profit was $17.3M (5.5% of revenue) and net earnings $10.6M.
Source: Extreme Networks 10-Q on SEC EDGAR.