Extreme Networks' stock soared 5.57% in pre-market trading on Wednesday, following the release of the company's third-quarter fiscal year 2026 financial results.

The networking company reported third-quarter adjusted earnings per share of $0.26, beating the IBES estimate of $0.24. Revenue for the quarter came in at $316.9 million, also surpassing the estimated $311.5 million. The company showed strong profitability with an adjusted operating margin of 15.2% and adjusted gross margin of 62.3%.

Looking ahead, Extreme Networks provided optimistic guidance for the fourth quarter, projecting adjusted earnings per share in the range of $0.28 to $0.30. The better-than-expected financial performance and positive outlook are driving investor optimism and the pre-market surge in the stock price.