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NetApp management says Q1 FY2027 earnings jump on AI- and cloud-driven demand for all-flash, public cloud and Keystone storage services

PUBT·09/02/2026 20:01:58
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NetApp management says Q1 FY2027 earnings jump on AI- and cloud-driven demand for all-flash, public cloud and Keystone storage services
  • Management commentary flagged a record fiscal Q1, with revenue up 30% to USD 2.03 billion on stronger demand.
  • Momentum came from public cloud, all-flash, Keystone, AI-led modernization spending, accelerated purchases, pricing benefits, according to management.
  • All-flash array revenue rose 47% to USD 1.31 billion; public cloud revenue increased 28% to USD 206 million.
  • Non-GAAP operating margin reached 31.9%; EPS climbed 66% to USD 2.58, helped by operating leverage despite higher component costs.
  • Guidance was raised to revenue of USD 7.98 billion-USD 8.23 billion; EPS of USD 9.73-USD 10.03.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NetApp Inc. published the original content used to generate this news brief on September 02, 2026, and is solely responsible for the information contained therein.