The raised full-year guidance and accelerating SaaS ARR signal strong execution and demand. Monitor Q4 results for continued SaaS momentum and margin expansion; the stock may react positively given the beat and raise.
Price Chart
Executive Summary
Extreme Networks reported Q3 FY2026 revenue of $316.9M (+11% YoY), beating the prior consensus of $311.5M (from Q2 context), with non-GAAP EPS of $0.26 vs. Street consensus of $0.11. SaaS ARR accelerated to $236.4M (+28.6% YoY). The company raised full-year FY2026 revenue guidance to $1.275B-$1.280B (up from $1.262B-$1.270B), signaling continued momentum and share gains in enterprise networking.
Key Financial Metrics
Key Facts
- Q3 FY2026 revenue $316.9M, +11% YoY
- Non-GAAP EPS $0.26, GAAP EPS $0.08
- SaaS ARR $236.4M, +28.6% YoY
- Raised FY2026 revenue guidance to $1.275B-$1.280B (from $1.262B-$1.270B)
- Q4 FY2026 revenue guidance $330M-$335M
- Share repurchases of $50M during the quarter
Financial Impact
Revenue beat of ~$5.4M vs prior consensus, EPS beat of $0.15 vs consensus
Risk Factors
- Potential supply chain disruptions could impact gross margins
- Competitive pressure from larger networking players
- Macroeconomic headwinds affecting enterprise spending
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-188948 |
| Exhibit: extr-20260429.htm | 0001193125-26-188948 |
| Document: 0001193125-26-188948-index-headers.html | 0001193125-26-188948 |
| Document: 0001193125-26-188948-index.html | 0001193125-26-188948 |
| Document: 0001193125-26-188948.txt | 0001193125-26-188948 |
| 8-K Data (Synthetic) | 0001193125-26-188948 |
Track record builds as more directional reports settle.
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May 28, 2026 21w ago | Insider Cluster | $26.51 $31.98 | ▲ +20.63% | ▲ +22.43% | $22.70 (−14.37%) |
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