Extreme Networks, Inc. reported strong financial results for its first quarter of fiscal year 2026, ending September 30, 2025. The company achieved six consecutive quarters of revenue growth, with three straight quarters of double-digit year-over-year increases. Total net revenue reached $310.2 million, up 15.2% from $269.2 million in the same period last year. The growth was driven by improved execution, rising customer demand, and expanding interest in Extreme’s AI-powered networking platform and high-performance solutions. CEO Ed Meyercord highlighted the momentum behind Extreme Platform ONE, which launched in mid-July and has seen strong customer adoption. The platform integrates conversational, multimodal, and agentic AI to automate network tasks, with a newly released service agent designed to reduce manual effort by up to 95%. Meyercord emphasized that the company is gaining market share, particularly in the Americas, with growing engagement in EMEA and APAC. Kevin Rhodes, Executive Vice President and CFO, noted that the quarter’s results exceeded expectations, with higher margin annual recurring revenue (ARR) growth and disciplined expense management. SaaS ARR increased 24% year-over-year, reflecting strong customer retention and expansion. The company expects full-year revenue growth to re-accelerate to 10% at the midpoint of its outlook, leading to stronger earnings and cash flow than initially forecast. Key customer wins underscored the company’s global momentum. These include a major government network deployment in APAC, T-Mobile Center in Kansas City adopting Extreme’s Wi-Fi 7 and Platform ONE for seamless connectivity, Doosan Enerbility modernizing its global infrastructure, Exyte standardizing on Extreme for LAN, WLAN, and NAC across its operations, Burgers Zoo enhancing guest and operational connectivity, King County Housing Authority implementing a Network Infrastructure as a Service model, Hyatt Regency Samarafushi Maldives selecting ExtremeCloud XIQ for remote network management, and Gateshead Council deploying Extreme Fabric for a unified, secure, and automated network across 200 sites. Financial highlights for the quarter included GAAP net income of $5.6 million, or $0.04 per diluted share, compared to a GAAP loss of $10.5 million, or $0.08 per share, in the prior-year period. Non-GAAP net income was $30.1 million, or $0.22 per share, up from $22.4 million, or $0.17 per share, in the same quarter last year. Gross margin was 60.6% on a GAAP basis and 61.3% on a non-GAAP basis. Operating margin reached 3.6% GAAP and 13.3% non-GAAP. The company reported a net cash position of $7.8 million, with cash and cash equivalents totaling $209.0 million. Free cash flow was a deficit of $20.9 million, primarily due to capital expenditures of $6.9 million. For the second quarter of fiscal 2026, ending December 31, 2025, Extreme expects total net revenue between $309.0 million and $315.0 million, with non-GAAP earnings per share projected at $0.23 to $0.25. For the full fiscal year 2026, the company is targeting total net revenue of $1.247 billion to $1.264 billion. Extreme will host a conference call on the same day to discuss the results and outlook, with a live webcast available on its investor relations website. The company reiterated its focus on innovation, operational execution, and expanding its leadership in AI-driven cloud networking.