Extreme Networks Q3 revenue beats estimates

Extreme Networks

29/04/2026 12:14

Overview

AI-powered cloud networking firm's fiscal Q3 revenue rose 11%, beating analyst expectations

Adjusted EPS for fiscal Q3 beat analyst expectations

Outlook

Extreme Networks targets Q4 revenue of $330 mln to $335 mln

Company expects Q4 non-GAAP EPS between $0.28 and $0.30

Extreme Networks sees FY26 revenue of $1.275 bln to $1.28 bln

Result Drivers

AI PLATFORM DEMAND - Co said double-digit revenue growth was driven by rising demand for its AI-powered platform and differentiated technology

SAAS ADOPTION - Accelerated SaaS ARR growth reflected increased adoption and deeper customer engagement with Extreme Platform ONE

Company press release: ID:nBw31B437a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$316.90 mln
$311.48 mln (8 Analysts)
Q3 Adjusted EPS
Beat
$0.26
$0.24 (8 Analysts)
Q3 EPS
$0.08
Q3 Adjusted Gross Margin
62.30%
Q3 Adjusted Operating Margin
15.20%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Extreme Networks Inc is $24.50, about 43.7% above its April 28 closing price of $17.05

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)