Extreme Networks Q4 revenue beats on increased AI platform demand
EXTR•Drivers behind the result
- AI platform demand - Co said accelerating demand for its AI platform and differentiated portfolio drove revenue growth
- Supply chain management - Management cited supply chain leadership and broad product availability as supporting growth
- Pricing actions - Targeted pricing actions offset higher supply chain costs and supported margin improvement, per CFO
Outlook calls for continued growth
- Extreme Networks targets Q1 FY27 revenue of $334 mln to $339 mln
- Company sees FY27 revenue between $1.38 bln and $1.4 bln
- Extreme Networks expects continued double-digit product revenue growth in FY27
Quarterly results beat expectations
- U.S. cloud networking firm's fiscal Q4 revenue rose 10%, beating analyst expectations
- Adjusted EPS for fiscal Q4 beat consensus
- Company repurchased $25 mln in shares during the quarter
Key financial details and analyst coverage
| Metric | Beat/Miss |
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