Extreme Networks, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission, reporting first-quarter results that included a significant increase in net income and total revenues compared to the same period a year earlier.

Key Highlights

  • Total net revenues of $341,094 thousand for the three months ended September 30, 2026, up from $310,245 thousand in the same period of the prior year, according to the filing.
  • Net income of $15,979 thousand for the quarter, compared to $5,611 thousand in the three months ended September 30, 2025, as reported in the condensed consolidated statements of operations.
  • Net income per diluted share of $0.12 for the current quarter, versus $0.04 in the prior-year quarter, per the filing.
  • Restructuring and related charges of $7,366 thousand were recorded in the current quarter, compared to $371 thousand in the same quarter last year.
  • Cash and cash equivalents of $244,520 thousand as of September 30, 2026, up from $211,758 thousand as of June 30, 2026.
  • 131,190,896 shares of common stock outstanding as of October 23, 2026, per the cover page of the filing.
  • Common stock repurchases of $25,000 thousand were made during the three months ended September 30, 2026, per the statements of stockholders' equity.

Extreme Networks Reports Higher Revenue and Earnings for September 2026 Quarter

According to the filing, Extreme Networks (NASDAQ:EXTR) reported total net revenues of $341,094 thousand for the three months ended September 30, 2026, composed of $218,273 thousand in product revenues and $122,821 thousand in subscription and support revenues. This compares to total net revenues of $310,245 thousand in the prior-year quarter, which included $194,041 thousand in product revenues and $116,204 thousand in subscription and support revenues.

The company disclosed total gross profit of $211,936 thousand for the current quarter, up from $188,029 thousand in the same period a year earlier. Operating income was reported at $23,087 thousand, compared to $11,295 thousand in the three months ended September 30, 2025. Operating expenses included restructuring and related charges of $7,366 thousand in the current quarter, a substantial increase from $371 thousand in the prior-year period. Net income reached $15,979 thousand, with basic and diluted earnings per share both reported at $0.12, compared to $0.04 in the year-ago quarter.

On the balance sheet, the filing reported total assets of $1,302,071 thousand as of September 30, 2026, versus $1,177,821 thousand as of June 30, 2026. Long-term debt, less current portion, stood at $200,000 thousand at quarter end, compared to $144,382 thousand at June 30, 2026. The company's accumulated deficit narrowed to $891,331 thousand from $907,310 thousand over the same period. Share-based compensation for the quarter was $21,458 thousand, per the statements of stockholders' equity. Total stockholders' equity was reported at $87,981 thousand as of September 30, 2026.

What Was Disclosed

Extreme Networks filed a 10-Q covering the quarter ended September 30, 2026, disclosing net income of $15,979 thousand, total revenues of $341,094 thousand, cash of $244,520 thousand, and restructuring charges of $7,366 thousand, among other financial details.