Extreme Networks Reports Strong Q2 Earnings

Networking company sees revenue growth, raises full-year guidance

Jan. 28, 2026 at 9:31am

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Extreme Networks reported strong second-quarter fiscal 2026 results, including 14% year-over-year revenue growth, a 24% increase in non-GAAP earnings per share, and growth in recurring revenue and cloud metrics. The company also raised its full-year revenue guidance and said it expects profit to grow faster than revenue for the balance of fiscal 2026, though it flagged a near-term gross margin headwind tied to large professional services-led deployments.

Why it matters

Extreme Networks' performance highlights the continued demand for its AI-powered networking platform and its ability to displace competitors, particularly in the enterprise and data center markets. The company's growth in recurring revenue and cloud-based offerings also demonstrates its successful transition to a more subscription-based business model.

The details

For the second quarter, Extreme reported revenue of $318 million, up 14% year over year, and non-GAAP earnings per share of $0.26, up from $0.21 in the prior-year quarter. The company saw growth in subscription and support revenue, SaaS annual recurring revenue, and deferred revenue metrics. Extreme cited continued competitive wins with large customers across all verticals, including 34 deals over $1 million. The company highlighted the success of its Extreme Platform One offering, which it says has a 'true agentic AI core' and is contributing to accelerating subscription booking performance.

  • Extreme Networks reported second-quarter fiscal 2026 results on January 28, 2026.

The players

Extreme Networks

A global provider of end-to-end networking solutions for enterprise, data center, and service provider environments.

Ed Meyercord

CEO of Extreme Networks.

Kevin Rhodes

CFO of Extreme Networks.

Norman Rice

Sales leader at Extreme Networks.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

What’s next

Extreme Networks expects to see continued growth in profit outpacing revenue for the remainder of fiscal 2026.

The takeaway

Extreme Networks' strong performance demonstrates its ability to capitalize on the growing demand for AI-powered networking solutions and its successful transition to a more subscription-based business model, positioning the company for continued growth and profitability.