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NetApp Q1 revenue climbs to record $2.03 billion
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NetApp Q1 revenue climbs to record $2.03 billion

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  • NetApp reported record first-quarter fiscal 2027 revenue of $2.03 billion, up 30% year over year.
  • The company posted GAAP EPS of $1.88 and record non-GAAP EPS of $2.58.
  • NetApp raised its fiscal 2027 revenue and earnings guidance following strong quarterly results.

NetApp (NASDAQ:NTAP) reported record first-quarter fiscal 2027 revenue of $2.03 billion for the period ended July 31, 2026, up 30% year over year, with higher earnings and increased guidance.

The company reported record all-flash array revenue of $1.3 billion, up 47% year over year, while Public Cloud revenue reached $206 million, up 28% compared with the prior-year period.

NetApp reported billings of $2.06 billion, up 36% year over year, GAAP operating margin of 23.9%, non-GAAP operating margin of 31.9%, GAAP earnings per share of $1.88, and non-GAAP earnings per share of $2.58.

NetApp raised its fiscal 2027 revenue and earnings per share guidance following the quarterly results.

NetApp provides intelligent data infrastructure solutions, including data storage, cloud services, and technology platforms designed for enterprise workloads.

The company also completed the acquisition of DataPelago, an artificial intelligence data infrastructure company, to support customer AI deployment and data management capabilities.

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