NetApp Reports First Quarter of Fiscal Year 2027 Results
NetApp delivered a record first quarter of fiscal 2027, posting net revenues of $2.03 billion, up 30% year-over-year, with GAAP EPS of $1.88 and record non-GAAP EPS of $2.58, up 66%. Growth was broad-based: all-flash array revenue hit a record $1.3 billion (+47%), Public Cloud revenue reached $206 million (+28%), and billings rose 36% to $2.06 billion. Management significantly raised full-year FY27 guidance to $7.975-$8.225 billion in revenue and $9.73-$10.03 in non-GAAP EPS, and guided Q2 revenue to $2.025-$2.175 billion.
Key figures
- Eps
- 1.88
- Revenue
- 2025000000
- Guidance
- FY27 revenue $7.975B-$8.225B with non-GAAP EPS $9.73-$10.03 (GAAP $7.35-$7.65), significantly raised; Q2 FY27 revenue $2.025B-$2.175B, non-GAAP EPS $2.54-$2.64
- Revenue Yoy
- 30%
- Billings
- 2057000000
- Billings yoy
- 36%
- Gaap eps yoy
- 63%
- Non gaap eps
- 2.58
- Free cash flow
- 401000000
- Non gaap eps yoy
- 66%
- All flash revenue
- 1309000000
- Dividend per share
- 0.52
- Free cash flow yoy
- -35%
- Operating cash flow
- 503000000
- Public cloud revenue
- 206000000
- Share repurchases q1
- 200000000
- All flash revenue yoy
- 47%
- Free cash flow margin
- 19.8%
- Gaap operating margin
- 23.9%
- Restructuring charges
- 56000000
- Operating cash flow yoy
- -25%
- Public cloud revenue yoy
- 28%
- Non gaap operating margin
- 31.9%
- Data pelago acquisition cash
- 78000000
AI analysis
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