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Cisco Systems vs Extreme Networks: CSCO and EXTR compared
Cisco Systems is the larger company: $17.3B of revenue in its latest quarter (Q4 FY26) against $341M for Extreme Networks (Q1 FY27). Cisco Systems is growing faster (+18% against +10% a year earlier). Cisco Systems is more profitable, with an operating margin of 24.7% against 6.8%.
Where the money goes: CSCO and EXTR
Cisco Systems (CSCO) · Q4 FY26
Cisco Systems, Q4 FY26: revenue $17.3B (+18% year over year), operating margin 24.7%, net earnings $3.9B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.
Extreme Networks (EXTR) · Q1 FY27
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.
| Cisco Systems (CSCO) | Extreme Networks (EXTR) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q1 FY27 |
| Revenue | $17.3B | $341M |
| Revenue growth, Y/Y | +18% | +10% |
| Gross margin | 64.1% | 62.1% |
| Operating margin | 24.7% | 6.8% |
| Net earnings | $3.9B | $16.0M |
| Net margin | 22.4% | 4.7% |
| Operating cash flow | $5.4B | $45.4M |
| Free cash flow | $5.0B | $38.7M |
| Market value | $381.2B | $3.2B |
| P/E | 28.7× | 61.6× |
| Analysts’ mean target | $135.56 | $33.62 |
Where the revenue comes from
Cisco Systems
- Product: $13.5B (78%)
- Services: $3.8B (22%)
Extreme Networks
- Product: $218M (64%)
- Subscription and Support: $123M (36%)
Questions
Which is bigger, Cisco Systems or Extreme Networks?
Cisco Systems is the larger company: $17.3B of revenue in its latest quarter (Q4 FY26) against $341M for Extreme Networks (Q1 FY27).
Is Cisco Systems or Extreme Networks growing faster?
Cisco Systems is growing faster (+18% against +10% a year earlier).
Which is more profitable, Cisco Systems or Extreme Networks?
Cisco Systems is more profitable, with an operating margin of 24.7% against 6.8%.
More: Cisco Systems earnings · how Cisco Systems makes money · Extreme Networks earnings · how Extreme Networks makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 2, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.