Extreme Networks Q4 revenue beats on increased AI platform demand

Extreme Networks

05/08/2026 12:21

Overview
U.S. cloud networking firm's fiscal Q4 revenue rose 10%, beating analyst expectations
Adjusted EPS for fiscal Q4 beat consensus
Company repurchased $25 mln in shares during the quarter

Outlook
Extreme Networks targets Q1 FY27 revenue of $334 mln to $339 mln
Company sees FY27 revenue between $1.38 bln and $1.4 bln
Extreme Networks expects continued double-digit product revenue growth in FY27

Result Drivers
AI PLATFORM DEMAND - Co said accelerating demand for its AI platform and differentiated portfolio drove revenue growth
SUPPLY CHAIN MANAGEMENT - Management cited supply chain leadership and broad product availability as supporting growth
PRICING ACTIONS - Targeted pricing actions offset higher supply chain costs and supported margin improvement, per CFO

Company press release: ID:nBw7hRpxha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$338.60 mln
$332.48 mln (8 Analysts)
Q4 Adjusted EPS
Beat
$0.32
$0.29 (8 Analysts)
Q4 EPS
 
$0.13
 
Q4 Adjusted Gross Margin
 
62.70%
 
Q4 Adjusted Operating Margin
 
15.70%
 

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 $30.50, about 5.7% below its August 4 closing price of $32.34
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 18 three months ago

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Aug 4 - Zebra Technologies raises annual forecast on strong demand for automation products 

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(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.)