Extreme Networks released its financial results for the third quarter ended March 31, 2025, on April 30, 2025, reporting total net revenues of $284.5 million. This marks the company's fourth consecutive quarter of sequential revenue growth, driven by strong execution and market recovery.
Product revenues surged by 67.3% year-over-year to $178.1 million, while subscription and support revenues increased by 1.8% year-over-year to $106.4 million. The company reported GAAP net income of $3.5 million, or $0.03 per diluted share, a significant improvement from a net loss in the prior year period.
Non-GAAP net income was $28.0 million, or $0.21 per diluted share. SaaS Annual Recurring Revenue (ARR) reached $184 million, up 13.4% year-over-year. Extreme Networks also raised and narrowed its full fiscal year 2025 revenue guidance to a range of $1.128 billion to $1.138 billion, and provided Q4 FY25 guidance targeting revenue between $295 million and $305 million, with non-GAAP EPS between $0.21 and $0.25.
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