NetApp Q1 Beat and Raised Guidance Put AI Storage Growth in Focus
NetApp's fiscal Q1 beat and raised 2027 outlook spotlight AI storage demand, record flash and cloud sales, and the margin test ahead.
NetApp's fiscal Q1 beat and raised 2027 outlook spotlight AI storage demand, record flash and cloud sales, and the margin test ahead.
NetApp enters fiscal 2027 with stronger AI, flash and cloud demand, but premium valuation and margin pressure leave less room for execution missteps.
NetApp's 14.8% three-month gain rides record all-flash growth, rising AI deal sizes and a higher fiscal 2027 outlook, even as margin risks build.
Greenland Capital Management LP bought a new position in shares of NetApp, Inc. (NASDAQ: NTAP) during the undefined quarter, according to the company in its most recent filing with the SEC. The fund bought 6,116 shares of the data storage provider's stock, valued at approximately $947,000. Other institutional investors and hedge funds also
While mega-cap AI stocks tend to grab most of the attention, investors shouldn't overlook Ciena (CIEN) and NetApp (NTAP) following record earnings reports this week.
NetApp's record Q1 FY27 results show strong Hybrid and Public Cloud momentum as AI demand and modernization drive growth.
B. Metzler seel. Sohn and Co. AG lessened its stake in shares of NetApp, Inc. (NASDAQ: NTAP) by 43.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,897 shares of the data storage provider's stock after selling 31,445 shares during the period. B.
NetApp (NASDAQ: NTAP) reported a record start to fiscal 2027, with first-quarter revenue rising 30% year over year to $2.03 billion and non-GAAP earnings per share increasing 66% to $2.58. The company said results exceeded the high end of its guidance ranges and reflected broad demand across its hybrid cloud, public cloud, all-flash and storage-as-a-service offerings.
NTAP raises its fiscal 2027 outlook as broad-based demand, AI-led infrastructure upgrades and flash momentum strengthen confidence in growth.
NetApp shares are higher Thursday after reporting a beat on the top and bottom lines in fiscal Q1. George Kurian, NetApp CEO, joins 'Squawk on the Street' to discuss.
NetApp posts record fiscal Q1 results as AI and modernization demand fuels revenue growth, flash momentum and a raised fiscal 2027 outlook.
NetApp (NTAP) initially popped on its earnings report, but as Diane King Hall points out, concerns over its free cash flow had investors second guessing the company's outlook. Five Below (FIVE) continues to show strength in discount retail in its earnings while Victoria's Secret (VSXY) plunges on its report.
NetApp Inc. (NASDAQ:NTAP) on Wednesday posted better-than-expected fiscal 2027 first-quarter results.
NetApp, Inc. delivered a record fiscal first quarter, with revenues up 30% and EPS up 66%, beating all expectations. NTAP raised fiscal 2027 revenue guidance by $650 million, implying 17% growth, but expects slower growth in coming quarters. Profitability remains exceptional: gross margin near 71%, EBIT margin 24.5%, and return on equity over 100%, supporting an 18x earnings multiple.
U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Thursday.
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, and Amazon Web Services (AWS) today announced that AWS Transform now supports Amazon FSx for NetApp ONTAP, making it even easier for enterprises to move applications and data to AWS. AWS Transform is an agentic AI service that automates the discovery, planning, and migration of workloads to the cloud. Now generally available, customers can use AWS Transform to migrate attached storage from th.
The company's fiscal first-quarter revenue grew 30% to $2.03 billion, beating Wall Street estimates of $1.84 billion.
NetApp, Inc. (NTAP) Q1 2027 Earnings Call Transcript
NetApp NASDAQ: NTAP reported a record start to fiscal 2027, with first-quarter revenue rising 30% year over year to $2.03 billion and non-GAAP earnings per share increasing 66% to $2.58. The company said results exceeded the high end of its guidance ranges and reflected broad demand across its hybrid cloud, public cloud, all-flash and storage-as-a-service offerings.
Although the revenue and EPS for NetApp (NTAP) give a sense of how its business performed in the quarter ended July 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.