NASDAQ$EXTR
Extreme Networks Inc · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Extreme Networks' Q4 performance was impacted by strategic inventory adjustments and investments in new products.
Extreme Networks reported Q4 2024 revenue of $256.7 million, a 29% decrease year-over-year, and a GAAP loss per share of $0.42. The company took action to reserve end of sale inventory and position new products for growth in fiscal 2025, which impacted gross and operating margins. However, SaaS ARR grew 29% year-over-year, indicating continued strength in cloud networking services.
- Revenue decreased by 29% year-over-year to $256.7 million.
- SaaS ARR increased by 29% year-over-year to $167.0 million.
- GAAP loss per share was $0.42, compared to a GAAP diluted EPS of $0.19 in the prior year quarter.
- Non-GAAP loss per share was $0.08, compared to a Non-GAAP diluted EPS of $0.33 in the prior year quarter.
Headline financials
Revenue & EPS history
Extreme Networks · Revenue · Quarterly
$257M
Revenue by segment
Extreme Networks · $253M total across 1 segment · Q1 2024
- Product$253M+22.9%100.0%
Forward guidance
For its first quarter fiscal 2025, ending September 30, 2024, the Company is targeting total net revenue between $255.0 million and $265.0 million.
Tailwinds
- Targeting total net revenue between $255.0 million and $265.0 million for Q1 2025.
- Expecting a gross margin between 61.2% and 63.2% (GAAP) or 62.0% and 64.0% (Non-GAAP) for Q1 2025.
- Operating margin is projected to be between (5.3)% and (2.3)% (GAAP) or 7.8% and 10.4% (Non-GAAP) for Q1 2025.
- Targeting earnings (loss) per share between ($0.14) and ($0.09) (GAAP) or $0.10 and $0.14 (Non-GAAP) for Q1 2025.
- For the full year fiscal 2025, ending June 30, 2025, the Company is targeting total net revenue between $1,110.0 million and $1,135.0 million
Headwinds
- GAAP operating margin is expected to be negative for Q1 2025.
- GAAP earnings per share is projected to be a loss for Q1 2025.
- The business outlook is based on current expectations and is subject to market conditions and other factors.
- Actual results could differ materially from the forward-looking statements.
- The company's effectiveness in controlling expenses could impact future financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.2%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+3.9%
Avg return
30 days after
61%
39 / 64 earnings
Positive
+28.2%
Q3 2026
Best reaction
-30.4%
Q4 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +28.2% | +33.9% | +55.5% | |
| Q2 2026 | +2.4% | -0.9% | -6.9% | |
| Q1 2026 | -15.4% | -11.7% | -17.7% | |
| Q3 2025 | +4.9% | +7.8% | +19.1% | |
| Q2 2025 | -3.0% | -6.3% | -4.9% | |
| Q1 2025 | +5.0% | +6.9% | +16.7% | |
| Q4 2024 | +3.6% | +2.7% | +5.8% | |
| Q3 2024 | +2.0% | -2.1% | -0.4% | |
| Q2 2024 | -20.6% | -25.9% | -25.1% | |
| Q1 2024 | -17.1% | -17.6% | -20.6% | |
| Q4 2023 | +6.6% | +9.6% | -2.5% | |
| Q3 2023 | +8.4% | +10.8% | +19.4% | |
| Q2 2023 | -9.0% | -9.4% | -2.4% | |
| Q1 2023 | +13.8% | +16.4% | +29.4% | |
| Q4 2022 | +17.4% | +16.7% | +28.6% | |
| Q3 2022 | -13.0% | -12.1% | -10.9% | |
| Q2 2022 | -1.9% | +1.5% | -2.5% | |
| Q1 2022 | +15.5% | +11.5% | +30.6% | |
| Q4 2021 | +14.7% | +13.5% | +12.6% | |
| Q3 2021 | +16.8% | +10.3% | +11.3% | |
| Q2 2021 | +1.7% | -3.6% | -6.6% | |
| Q1 2021 | -5.1% | -16.3% | +22.0% | |
| Q4 2020 | +4.6% | +1.3% | -14.5% | |
| Q3 2020 | -1.5% | -13.9% | +36.8% | |
| Q2 2020 | -15.8% | -19.3% | -30.7% | |
| Q1 2020 | -14.9% | -13.6% | -7.1% | |
| Q4 2019 | +13.7% | +10.2% | -9.2% | |
| Q3 2019 | -20.1% | -17.0% | -29.6% | |
| Q2 2019 | +9.0% | +7.7% | +21.1% | |
| Q1 2019 | +14.7% | +11.6% | +12.1% | |
| Q4 2018 | -30.4% | -29.1% | -33.1% | |
| Q3 2018 | -23.5% | -26.7% | -24.3% | |
| Q2 2018 | -13.5% | -21.8% | -8.1% | |
| Q1 2018 | +0.6% | -4.7% | +10.1% | |
| Q4 2017 | +20.4% | +23.8% | +30.7% | |
| Q3 2017 | +11.1% | +19.7% | +33.2% | |
| Q2 2017 | +0.0% | +0.9% | +11.2% | |
| Q1 2017 | +2.9% | +2.4% | +1.9% | |
| Q4 2016 | +0.8% | +4.2% | +1.3% | |
| Q3 2016 | +5.7% | — | — | |
| Q2 2016 | -29.6% | — | — | |
| Q1 2016 | +1.4% | — | — | |
| Q4 2015 | +21.5% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +12.6% | — | — | |
| Q1 2015 | +15.2% | — | — | |
| Q4 2014 | -0.8% | — | — | |
| Q3 2014 | -29.0% | — | — | |
| Q2 2014 | -16.3% | — | — | |
| Q1 2014 | +12.0% | — | — | |
| Q4 2013 | -4.8% | — | — | |
| Q3 2013 | -4.6% | — | — | |
| Q2 2013 | +0.8% | — | — | |
| Q1 2013 | +8.0% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2011 | -0.8% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2011 | +2.2% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q1 2011 | +2.4% | — | — | |
| Q4 2011 | +2.4% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q3 2010 | +0.3% | — | — |
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