Extreme Networks vs Viavi Solutions
Viavi Solutions reported revenue of $1.5 billion in fiscal 2026, 1.2 times Extreme Networks' $1.3 billion in fiscal 2026. Extreme Networks' revenue grew 12.6% in its latest year, and Viavi Solutions' grew 40.0%. Extreme Networks had an operating margin of 4.9%, against 6.9% at Viavi Solutions. Free cash flow was $95 million at Extreme Networks and $83 million at Viavi Solutions. Their fiscal years end in different months (June 30 and June 27), so the periods don't line up exactly.
Side by side
| Extreme Networks | Viavi Solutions | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2026, Jun 27, 2026 |
| Revenue | $1.3B | $1.5B |
| Revenue growth | 12.6% | 40.0% |
| Revenue growth a year, last 5 years | 4.9% | 4.8% |
| Gross margin | 61.5% | 57.7% |
| Operating margin | 4.9% | 6.9% |
| Net margin | 3.3% | −2.0% |
| Free cash flow | $95M | $83M |
| Free cash flow margin | 7.4% | 5.5% |
| Return on capital | — | 4.3% |
| Net debt to EBITDA | −0.6x | −0.1x |
| Dividends and buybacks | $87M | $30M |
| Change in diluted share count | 2.0% | 1.7% |
| Last close | $24.03 | $28.47 |
| P/E at the last close | 61.6× | 109.5× |
| Insider trades, last 12 months | sold $26.0 million | sold $59.5 million |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Extreme NetworksViavi Solutions
Operating margin
Percent of revenue
Extreme NetworksViavi Solutions
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Extreme NetworksViavi Solutions
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Extreme Networks and Viavi Solutions pages.