Extreme Networks (NASDAQ:EXTR) reported second-quarter fiscal 2026 results that management said marked its seventh consecutive quarter of revenue growth, supported by demand for its AI-powered networking platform and continued competitive displacement wins. Rhodes said profit growth outpaced revenue growth by 10 percentage points in the quarter. SaaS annual recurring revenue (ARR) grew 25% year over year to $227 million, which management attributed to Platform One subscriptions. Meyercord also emphasized Extreme Platform One, describing it as unique for having a “true agentic AI core,” with AI agents that can autonomously diagnose issues, guide resolution, and provide actionable insights. Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.