1Q26 Financial Results October 29, 2025 DISCLAIMER Non - GAAP Financial Measures This presentation includes certain financial measures that are not presented in accordance with generally accepted accounting principles in the United States ("GAAP "),such as, among other things, Non - GAAP Gross Profit, Non - GAAP EPS, Free Cash Flow, Non - GAAP Gross Margin, Non - GAAP Operating Margin, Net Cash (Debt), Non - GAAP Operating Income (Loss), EBITDA, Non - GAAP Net Income (Loss), Non - GAAP Operating Expense, Gr ...

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Exhibit 99.1 For more information, contact: Investor Relations Media Contact Stan Kovler Amy Aylward 919/595-4196 603/952-5138 Investor_relations@extremenetworks.com pr@extremenetworks.com Extreme Networks Reports First Quarter Fiscal Year 2026 Financial Results Q1 revenue up 15% year-over-year, marking sixth consecutive quarter of sequential growth SaaS ARR up 24% YoY Morrisville, NC, October 29, 2025 -- Extreme Networks, Inc. ("Extreme") (Nasdaq: EXTR) today released financial results for its first quarte ...

Core Insights - Extreme Networks reported a 15% year-over-year increase in revenue for Q1 fiscal 2026, marking the sixth consecutive quarter of sequential growth [1][4] - The company's SaaS Annual Recurring Revenue (ARR) rose by 24% year-over-year, indicating strong momentum in its subscription model [1][4] - The CEO highlighted improved execution, increasing customer demand, and interest in AI-powered networking solutions as key drivers of growth [2][4] Financial Performance - Total revenue for Q1 2026 was $310.2 million, up from $269.2 million in Q1 2025, reflecting a $41 million increase [4][6] - GAAP diluted EPS improved to $0.04, compared to a loss of $0.08 in the previous year [4][8] - Non-GAAP diluted EPS was $0.22, up from $0.17 year-over-year [4][8] Margins and Profitability - GAAP gross margin was 60.6%, down from 63.0% in the prior year [4][6] - Non-GAAP gross margin decreased to 61.3% from 63.7% year-over-year [4][8] - The company achieved a GAAP operating profit margin of 3.6%, compared to a loss margin of 1.8% in the previous year [4][8] Cash Flow and Liquidity - The ending cash balance was $209.0 million, a decrease of $22.7 million from the previous quarter but an increase of $49.5 million year-over-year [7][9] - Net cash for Q1 was $7.8 million, down from $51.7 million at the end of Q4 2025 [7][9] Business Outlook - For Q2 fiscal 2026, the company targets total net revenue between $309.0 million and $315.0 million [11][12] - The full-year fiscal 2026 revenue guidance is set between $1,247.0 million and $1,264.0 million [13] Recent Key Highlights - Significant wins include a major government contract in APAC and partnerships with various organizations to enhance their networking capabilities [7][8] - The deployment of Extreme's solutions in notable venues like the T-Mobile Center and Hyatt Regency Samarafushi Maldives showcases the company's expanding market presence [7][8]

Core Insights - Extreme Networks is set to release its quarterly earnings on October 29, 2025, with an estimated EPS of $0.22 and projected revenue of approximately $295.7 million [1][5] - The company has scheduled an Investor Day on November 10, 2025, which may significantly influence investor sentiment and stock performance [2][5] Financial Metrics - The price-to-sales ratio is approximately 2.47, indicating how the market values the company's sales [3][5] - The enterprise value to sales ratio is also about 2.47, providing further insight into market valuation [3][5] - The enterprise value to operating cash flow ratio stands at 17.25, suggesting market expectations for future cash flow growth [3] - The debt-to-equity ratio is 3.41, indicating a significant amount of debt compared to equity, which may raise concerns about financial leverage [4][5] - The current ratio is 0.91, below 1, suggesting potential liquidity concerns as the company may struggle to cover short-term liabilities with current assets [4]

Core Points - Extreme Networks has opened registration for its Investor Day scheduled for November 10, 2025, at the Nasdaq MarketSite in New York City [1][6] - The company has announced its investor conference schedule for October and November 2025, including participation in various conferences [5][6] Company Overview - Extreme Networks, Inc. is a leader in AI-powered cloud networking, providing solutions that help businesses connect devices, applications, and users [3] - The company emphasizes the use of artificial intelligence, analytics, and automation to address industry challenges and drive innovation [3] Upcoming Events - Investor Day on November 10, 2025, at 11:00 a.m. ET [5] - Participation in the Annual Needham Tech Week Conference on November 21, 2025 [5] - Attendance at the UBS Global Technology & AI Conference on December 3, 2025 [5] - Involvement in the Raymond James TMT and Consumer Conference on December 10, 2025 [5]

Core Insights - Extreme has announced a series of initiatives to advance its AI strategy, including the launch of the AI Service Agent integrated into Extreme Platform ONE™ [1] Group 1 - The introduction of the AI Service Agent is a significant step in enhancing the capabilities of Extreme Platform ONE™ [1]

Core Insights - Extreme Networks has been recognized as a Leader in the IDC MarketScape for the Worldwide Enterprise Wireless LAN 2025 Vendor Assessment [1] Company Summary - The recognition highlights Extreme Networks' strong position in the enterprise wireless LAN market, indicating its competitive advantages and capabilities [1]

Core Insights - Extreme Networks plans to release its financial results for the first fiscal quarter of 2026 on October 29, 2025, before the market opens [1] Company Summary - The announcement indicates a scheduled date for financial reporting, which is a critical event for investors and analysts to assess the company's performance [1]

Core Insights - The 2025 Product Leader Awards highlight the importance of combining creativity with discipline in product leadership, emphasizing measurable impact and team empowerment [1][5][6] - The awards recognize top product leaders from various companies, including Walmart and Extreme Networks, who have completed the Strategic PM Certification program and demonstrated significant contributions [2][4][5] Company Highlights - Walmart International has a special category for product leaders who have excelled in the Strategic PM Certification program, showcasing their role as mentors and key contributors [1][4] - Extreme Networks also features a special category for its product leaders, emphasizing the importance of strategic product management within the organization [2] Industry Trends - The winners of this year's awards exemplify a new era of product leadership characterized by creativity, innovation, and a strong connection to measurable business outcomes such as growth and market expansion [5][6] - The Product Leader Awards serve as a benchmark for excellence in the AI era, inspiring product executives to adapt and evolve alongside technological advancements [6] Community and Network - Products That Count is a significant nonprofit community with over 500,000 product managers and Chief Product Officers, aiming to empower individuals to create impactful products [7] - The organization collaborates with major corporations like Walmart, Ford, and Cisco, providing a platform for product leaders to share best practices and drive innovation [7]