Extreme Networks to Report Q1 Results With $334M to $339M Revenue Outlook

Extreme Networks is scheduled to release fiscal first-quarter 2027 results before U.S. trading opens Wednesday, with its August outlook putting quarterly revenue at $334 million to $339 million.

The quarter ended Sept. 30. The results webcast is scheduled for 8 a.m. ET (12:00 UTC). In August, Extreme projected non-GAAP gross margin of 62.2% to 62.7%, non-GAAP operating margin of 14.7% to 15.3% and non-GAAP diluted earnings per share of $0.27 to $0.29.

Its GAAP outlook included gross margin of 61.6% to 62.1%, operating margin of 1.6% to 2.4% and diluted EPS of $0.00 to $0.02.

In the quarter ended June 30, Extreme recorded revenue of $338.6 million, up 10.3% from a year earlier. Diluted EPS was $0.13 on a GAAP basis and $0.32 on a non-GAAP basis.

For fiscal 2027, which ends June 30, 2027, Extreme projected revenue of $1.38 billion to $1.40 billion and non-GAAP diluted EPS of $1.28 to $1.33. Management’s August outlook also called for double-digit product revenue growth in fiscal 2027.