Extreme Networks (EXTR) Corporate presentation summary

Company overview and market position

• Over 25 years in operation, with more than 2,800 employees and $1.1B in annual revenue.

• Ecosystem includes 11,000+ channel partners and 1,000+ patents, serving tens of thousands of customers in 80+ countries.

• Trusted by major organizations across finance, healthcare, manufacturing, logistics, energy, and public sectors.

• Recognized for winning upmarket across diverse verticals, including government, education, healthcare, and transportation.

Technology and innovation

• Leader in AI-powered networking, with growth across all geographies and verticals.

• First to offer universal hardware platforms for enterprise-class switching and wireless infrastructure.

• Broadest WiFi6E & WiFi7 portfolio, with AI-powered optimization and troubleshooting.

• Extreme Platform ONE integrates networking, AI core, security, and automation across campus, branch, and data center.

• Universal hardware enables seamless transition to cloud, supporting flexible deployment and management.

Financial performance and outlook

• FY26 revenue forecast of $1.262–$1.270B, with $628M deferred recurring revenue and $210M annualized EBITDA.

• SaaS ARR reached $227M in 2Q26, up 25% YoY; recurring revenue at $115M, up 12% YoY.

• Non-GAAP EPS grew 24% YoY in 2Q26; adjusted EBITDA of $52M and free cash flow of $43M.

• Recurring revenue represents 36% of total revenue, with a target to reach 41% by FY29.

• Subscription revenue expected to exceed 80% of recurring revenue by FY29, with a $650M+ ARR target.