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Extreme Networks vs Netgear: EXTR and NTGR compared
Extreme Networks is the larger company: $341M of revenue in its latest quarter (Q1 FY27) against $167M for Netgear (Q3 2026). Extreme Networks is growing faster (+10% against -9% a year earlier). Extreme Networks is more profitable, with an operating margin of 6.8% against -8.2%.
Where the money goes: EXTR and NTGR
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.
Netgear (NTGR) · Q3 2026
Netgear, Q3 2026: revenue $167M (-9% year over year), operating margin -8.2%, net loss $12.3M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Extreme Networks (EXTR) | Netgear (NTGR) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $341M | $167M |
| Revenue growth, Y/Y | +10% | -9% |
| Gross margin | 62.1% | — |
| Operating margin | 6.8% | -8.2% |
| Net earnings | $16.0M | −$12.3M |
| Net margin | 4.7% | -7.3% |
| Operating cash flow | $45.4M | −$3.8M |
| Free cash flow | $38.7M | — |
| Market value | $3.2B | — |
| P/E | 61.6× | — |
| Analysts’ mean target | $33.62 | — |
Where the revenue comes from
Extreme Networks
- Product: $218M (64%)
- Subscription and Support: $123M (36%)
Netgear
- Enterprise: $90.7M (54%)
- Consumer: $76.6M (46%)
Questions
Which is bigger, Extreme Networks or Netgear?
Extreme Networks is the larger company: $341M of revenue in its latest quarter (Q1 FY27) against $167M for Netgear (Q3 2026).
Is Extreme Networks or Netgear growing faster?
Extreme Networks is growing faster (+10% against -9% a year earlier).
Which is more profitable, Extreme Networks or Netgear?
Extreme Networks is more profitable, with an operating margin of 6.8% against -8.2%.
More: Extreme Networks earnings · how Extreme Networks makes money · Netgear earnings · how Netgear makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.