Extreme Networks reported its fourth consecutive quarter of sequential revenue growth in Q3 FY2025, driven by strong demand for its AI-driven networking platform and increased market traction.

- Revenue: $284.5 million, up 34.8% year-over-year
- SaaS ARR: $184 million, up 13.4% year-over-year
- GAAP EPS: $0.03, versus $(0.50) in the prior year
- Non-GAAP EPS: $0.21, unchanged from the previous quarter
- Free cash flow: $24.2 million
- Cash balance: $185.5 million
- Non-GAAP gross margin: 62.3%
- Non-GAAP operating margin: 14.1%

Operational highlights included nearly 100 pre-orders for Extreme Platform ONE, expanded traction with managed service providers, and customer wins such as the City of Everett, Ferrovienord, Six Flags, and the United Soccer League.

Outlook for Q4 FY2025:
- Revenue projected between $295 million and $305 million
- Non-GAAP EPS expected to be in the range of $0.21 to $0.25
- Full-year FY2025 revenue guidance is between $1.128 billion and $1.138 billion

The company attributes its performance to growing adoption of its cloud solutions, enhanced visibility from a strong sales pipeline, and prudent expense management.