Form 8-K · Current Report · Filed 2026-09-02
NetApp Reports Strong Q1 FY27 Results and Raises Guidance
NetApp, Inc. reported record quarterly net revenues of $2.03 billion for the first quarter of fiscal year 2027, a 30% increase year-over-year. The company reported first quarter GAAP earnings per share of $1.88 and record non-GAAP earnings per share of $2.58. NetApp significantly raised its fiscal year 2027 revenue and earnings per share guidance. The company also announced the acquisition of DataPelago, Inc., an AI data infrastructure company, to help customers simplify and accelerate AI deployment at scale. NetApp's strong performance and strategic acquisition reflect its commitment to innovation and market leadership in the AI and hybrid multi-cloud space.
- Filer
- NetApp Inc. NTAP · NASDAQ
- Filed
- Accession
- 0001002047-26-000003
- CIK
- 0001002047
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
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$183.16
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About NetApp Inc.
NetApp Inc. is a leading provider of cloud data services and data management solutions worldwide. Specializing in data storage systems, the company helps organizations harness the full potential of their data in the cloud and in the data center environments. NetApp's portfolio includes cloud integration, data storage hardware, and software-defined storage services designed to simplify and optimize data management for businesses of all sizes. Serving industries such as technology, healthcare, financial services, and more, NetApp empowers its clients to store, manage, and analyze data efficiently, enhancing their competitive edge. The company's innovative solutions support both private and public cloud infrastructures, making it a significant player in the rapidly evolving cloud computing market. Founded in 1992 and headquartered in Sunnyvale, California, NetApp contributes substantially to the digital transformation journey of enterprises, highlighting its role in facilitating agile and secure data operations.
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