Extreme Networks reports Q1 FY2027 revenue up 10% and forecasts 10% growth for FY2027
Extreme Networks posted first‑quarter fiscal 2027 revenue of $341.1 million, a 10% year‑over‑year increase, and GAAP net income of $16.0 million. Non‑GAAP diluted EPS rose 50% to $0.33 and SaaS ARR grew 22% to $264.7 million. Management guided Q2 revenue between $345.8 million and $350.8 million and raised full‑year revenue guidance to $1.402 billion‑$1.412 billion, indicating an expected 10% growth for the remainder of FY2027.
Why it matters
The company’s raised full‑year revenue outlook and strong quarterly performance suggest continued top‑line momentum, which may support the stock’s valuation. The guidance also signals higher recurring SaaS revenue, a metric analysts watch for future profitability.
Key facts
- 1Q1 FY2027 revenue was $341.1 million, up 10% YoY. tradingview.com
- 2GAAP net income for the quarter was $16.0 million. tradingview.com
- 3Non‑GAAP diluted EPS increased to $0.33. tradingview.com
- 4SaaS ARR grew 22% YoY to $264.7 million. tradingview.com
- 5Q2 revenue guidance is $345.8 million to $350.8 million. tradingview.com
- 6Full‑year revenue guidance is $1.402 billion to $1.412 billion. tradingview.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.