NetApp Reports Q1 FY2027 Results
Record net revenues of $2.03 billion drive growth alongside DataPelago acquisition and new AI partnerships with Cisco and Tata Consultancy Services.
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In short: NetApp reported record fiscal Q1 revenue of $2.03 billion, up 30%, and unveiled Novus AI storage.
Record net revenues of $2.03 billion drive growth alongside DataPelago acquisition and new AI partnerships with Cisco and Tata Consultancy Services.
Results will be released after market close on September 2, 2026. The executive management conference call begins at 2:30 p.m. Pacific Time via investors.netapp.com.
Net revenues rose 12% YoY to $1.95B; operating income and cash flow also reached records.
Revenues reach $1.71 billion, up 4% YoY. All-flash array revenue hits record $1.0 billion. GAAP EPS is $1.67; non-GAAP EPS is $2.12.
NetApp reported fiscal first-quarter revenue of $2.025 billion, up 30% from a year earlier, while free cash flow fell 35% to $401 million. That leaves...
NetApp Insight launches for new Novus storage that scales to 100TBps to keep AI factory GPUs fed, European data sovereignty controls and six months of...
NTAP entered fiscal 2027 with strong momentum, supported by growing demand across AI, flash storage and broader infrastructure modernization. The company started the year with...
In results released September 2, NetApp reported fiscal first-quarter 2027 net revenue of USD 2.025 billion, up 30.00 percent year over year. GAAP diluted earnings...
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