Extreme Networks Reports Strong Q1 Fiscal Year 2025 Results, Exceeding Revenue and EPS Guidance

EXTR
September 19, 2025
Extreme Networks announced its financial results for the first quarter ended September 30, 2024, on October 30, 2024, reporting total net revenues of $269.2 million. This figure surpassed analyst expectations and marked a sequential revenue increase, signaling early stages of market recovery. The company reported a GAAP net loss of $10.5 million, or $0.08 per diluted share, but achieved non-GAAP net income of $22.4 million, or $0.17 per diluted share, beating the consensus estimate of $0.13. Product revenue was $162.3 million, while subscription and support revenue grew to $106.9 million, an increase of $7.3 million year-over-year. SaaS Annual Recurring Revenue (ARR) increased by 23% year-over-year, reaching $174.1 million. For the second quarter of fiscal 2025, Extreme Networks provided guidance targeting total net revenue between $273 million and $283 million, and non-GAAP earnings per share between $0.16 and $0.20. The full fiscal year 2025 revenue outlook was raised and narrowed to a range of $1.117 billion to $1.137 billion. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.