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 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 - Ciena Corporation is a global supplier of telecommunications networking equipment, software, and services, known for its innovative solutions in optical networking and data center interconnect [1] - Ciena faces competition from technology firms such as Juniper Networks, Corning Incorporated, NetApp, Extreme Networks, and Lufax Holding Ltd in the telecommunications and networking industry [1] Financial Performance - Ciena's Return on Invested Capital (ROIC) is 3.79%, which is lower than its Weighted Average Cost of Capital (WACC) of 8.94%, resulting in a ROIC/WACC ratio of 0.42, indicating inefficient capital utilization [2] - In comparison, Juniper Networks has a ROIC of 4.39% and a WACC of 7.21%, leading to a ROIC/WACC ratio of 0.61, suggesting better capital efficiency than Ciena [3] - Corning Incorporated has a ROIC of 5.64% and a WACC of 8.23%, resulting in a ROIC/WACC ratio of 0.69, also indicating superior performance compared to Ciena [3] - NetApp, Inc. stands out with a ROIC of 18.71% and a WACC of 9.70%, resulting in a ROIC/WACC ratio of 1.93, demonstrating efficient capital utilization [4] - Extreme Networks and Lufax Holding Ltd have negative and very low ROIC/WACC ratios, respectively, indicating challenges in covering their cost of capital [4]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1][2]. Company Overview: Extreme Networks (EXTR) - Extreme Networks currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3]. - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4]. Performance Metrics - Over the past week, EXTR shares increased by 2.86%, outperforming the Zacks Computer - Networking industry, which rose by 1.12% [6]. - In a longer timeframe, EXTR shares have appreciated by 25.13% over the past quarter and 48.5% over the last year, significantly surpassing the S&P 500's gains of 10.66% and 18.43%, respectively [7]. - The average 20-day trading volume for EXTR is 1,287,783 shares, indicating a bullish trend when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for EXTR has increased, while none have decreased, leading to a consensus estimate rise from $1.00 to $1.02 [10]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10]. Conclusion - Given the positive performance metrics and earnings outlook, EXTR is positioned as a strong momentum pick, meriting attention from investors seeking short-term opportunities [12].

Core Insights - The article discusses the ongoing optimism surrounding Extreme Networks, particularly in relation to its cloud transition and execution strategies [1]. Company Analysis - Extreme Networks has shown positive stock performance since the last analysis in July, indicating a successful cloud transition [1]. - The focus is on the importance of execution in maintaining growth and investor confidence [1]. Industry Context - The article emphasizes the significance of strong fundamentals in technology and infrastructure sectors, suggesting that companies with solid performance metrics are more likely to attract long-term investment [1].