Filing Flows › Extreme Networks (EXTR) › Q4 FY26 › vs Q3 FY26
Extreme Networks (EXTR) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Extreme Networks's revenue rose $21.7M (+7%) from $317M in Q3 FY26 to $339M in Q4 FY26. The biggest changes: Product +$19.1M (+10%); Subscription and Support +$2.5M (+2%). Gross margin 62.2% against 61.7% (+0.5 pts).
Extreme Networks, Q4 FY26: revenue $339M (+10% year over year), operating margin 6.2%, net earnings $18.0M, operating cash flow $72.8M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 62.2% | 61.7% | +0.5 pts |
| Operating margin | 6.2% | 5.5% | +0.8 pts |
| Net margin | 5.3% | 3.3% | +2.0 pts |
| Free cash flow margin | 19.3% | 2.5% | +16.8 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Product | $218M | $199M | $19.1M | +10% |
| Subscription and Support | $120M | $118M | $2.5M | +2% |
| Revenue | $339M | $317M | $21.7M | +7% |
| Gross profit | $210M | $196M | $14.9M | +8% |
| Cost of revenue | $128M | $121M | $6.7M | +6% |
| Operating profit | $21.1M | $17.3M | $3.7M | +21% |
| Operating expenses | $189M | $178M | $11.2M | +6% |
| Pre-tax earnings | $17.9M | $14.8M | $3.1M | +21% |
| Other expense, net | $3.2M | $2.5M | $632K | +25% |
| Research & development | $59.4M | $59.2M | $235K | +0.4% |
| Sales & marketing | $97.0M | $89.0M | $8.0M | +9% |
| General & admin | $31.9M | $29.6M | $2.2M | +8% |
| Income tax benefit | $135K | −$4.2M | $4.4M | — |
| Net earnings | $18.0M | $10.6M | $7.5M | +70% |
| Depreciation & amortization | $4.6M | $4.2M | $402K | +10% |
| Share-based compensation | $21.8M | $21.8M | $46K | +0.2% |
| Working capital & other | $28.4M | −$22.4M | $50.8M | — |
| Operating cash flow | $72.8M | $14.2M | $58.7M | +413% |
| Free cash flow (OCF − capex) | $65.3M | $7.8M | $57.5M | +738% |
| Capital expenditures | $7.6M | $6.4M | $1.2M | +18% |
Questions
How much did Extreme Networks's revenue grow quarter over quarter in Q4 FY26?
Extreme Networks's revenue rose $21.7M (+7%) from $317M in Q3 FY26 to $339M in Q4 FY26.
What drove Extreme Networks's revenue change in Q4 FY26?
Product +$19.1M (+10%); Subscription and Support +$2.5M (+2%).