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Cisco Systems vs Extreme Networks: revenue, profit, margins and growth compared

Cisco Systems brought in $63.3B of revenue in fiscal 2026, Extreme Networks $1.3B in fiscal 2026. Revenue changed by +11.8% at Cisco Systems and +12.6% at Extreme Networks on the year before, so Extreme Networks grew faster. Cisco Systems kept 21.0% of its revenue as net profit, Extreme Networks 3.3%. Free cash flow was $12.8B at Cisco Systems and $95.2M at Extreme Networks.

Side by side, latest fiscal year

CSCOEXTR
Fiscal year endedFY2026 (July 25, 2026)FY2026 (June 30, 2026)
Revenue$63.3B$1.3B
Revenue growth+11.8%+12.6%
Net income$13.3B$42.1M
Net margin21.0%3.3%
Free cash flow$12.8B$95.2M
Free cash flow margin20.2%7.4%
Earnings per share (diluted)$3.33$0.31
Cash$7.2B$211.8M
Debt$22.9B$165M
Price to earnings32.069.4
Market value$420.6B$2.8B
Dividend yield1.56%n/a
Rank by revenue in sector#5 of 51 · Telecommunications#22 of 51 · Telecommunications

Over the years

Revenue
CSCO FY2019: $51.9BCSCO FY2020: $49.3BCSCO FY2021: $49.8BCSCO FY2022: $51.6BCSCO FY2023: $57BCSCO FY2024: $53.8BCSCO FY2025: $56.7BCSCO FY2026: $63.3BEXTR FY2019: $995.8MEXTR FY2020: $948MEXTR FY2021: $1BEXTR FY2022: $1.1BEXTR FY2023: $1.3BEXTR FY2024: $1.1BEXTR FY2025: $1.1BEXTR FY2026: $1.3BFY19FY20FY21FY22FY23FY24FY25FY26
CSCO $63.3BEXTR $1.3B
Net income
CSCO FY2019: $11.6BCSCO FY2020: $11.2BCSCO FY2021: $10.6BCSCO FY2022: $11.8BCSCO FY2023: $12.6BCSCO FY2024: $10.3BCSCO FY2025: $10.2BCSCO FY2026: $13.3BEXTR FY2019: -$25.9MEXTR FY2020: -$126.8MEXTR FY2021: $1.9MEXTR FY2022: $44.3MEXTR FY2023: $78.1MEXTR FY2024: -$86MEXTR FY2025: -$7.5MEXTR FY2026: $42.1MFY19FY20FY21FY22FY23FY24FY25FY26
CSCO $13.3BEXTR $42.1M
Net margin
CSCO FY2019: 22.4%CSCO FY2020: 22.7%CSCO FY2021: 21.3%CSCO FY2022: 22.9%CSCO FY2023: 22.1%CSCO FY2024: 19.2%CSCO FY2025: 18.0%CSCO FY2026: 21.0%EXTR FY2019: -2.6%EXTR FY2020: -13.4%EXTR FY2021: 0.2%EXTR FY2022: 4.0%EXTR FY2023: 5.9%EXTR FY2024: -7.7%EXTR FY2025: -0.7%EXTR FY2026: 3.3%FY19FY20FY21FY22FY23FY24FY25FY26
CSCO 21.0%EXTR 3.3%
Revenue growth
CSCO FY2020: -5.0%CSCO FY2021: +1.0%CSCO FY2022: +3.5%CSCO FY2023: +10.6%CSCO FY2024: -5.6%CSCO FY2025: +5.3%CSCO FY2026: +11.8%EXTR FY2020: -4.8%EXTR FY2021: +6.5%EXTR FY2022: +10.2%EXTR FY2023: +18.0%EXTR FY2024: -14.9%EXTR FY2025: +2.0%EXTR FY2026: +12.6%FY20FY21FY22FY23FY24FY25FY26
CSCO +11.8%EXTR +12.6%
Free cash flow
CSCO FY2019: $14.9BCSCO FY2020: $14.7BCSCO FY2021: $14.8BCSCO FY2022: $12.7BCSCO FY2023: $19BCSCO FY2024: $10.2BCSCO FY2025: $13.3BCSCO FY2026: $12.8BEXTR FY2019: $82.2MEXTR FY2020: $20.6MEXTR FY2021: $127.4MEXTR FY2022: $112.7MEXTR FY2023: $235.4MEXTR FY2024: $37.4MEXTR FY2025: $127.3MEXTR FY2026: $95.2MFY19FY20FY21FY22FY23FY24FY25FY26
CSCO $12.8BEXTR $95.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cisco Systems and Extreme Networks

Which is bigger by revenue, Cisco Systems or Extreme Networks?

Cisco Systems is bigger by revenue: $63.3B in fiscal 2026, against $1.3B for Extreme Networks in fiscal 2026.

Which keeps more of its revenue as profit, Cisco Systems or Extreme Networks?

Cisco Systems had a net margin of 21.0% in fiscal 2026; Extreme Networks had 3.3% in fiscal 2026.

Which grew revenue faster, Cisco Systems or Extreme Networks?

In their latest fiscal years revenue changed by +11.8% at Cisco Systems and +12.6% at Extreme Networks.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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