Q1 FY2027 EarningsQ1 FY27 results significantly beat consensus across all key metrics, with revenue of $2.03B exceeding the $1.84B expected and non-GAAP EPS of $2.58 well above the $2.12 consensus. Growth was driven by record All-Flash Array revenue, which rose 47% YoY to $1.3B, and a 28% increase in Public Cloud revenue. Management substantially raised full-year FY27 guidance, now projecting revenue of $7.98B–$8.23B and non-GAAP EPS of $9.73–$10.03, signaling strong sustained demand for AI-ready data infrastructure.
Financial report interval: 2026.05.01 - 2026.07.31
Overview: NetApp(NTAP) the Revenue is 2.025 B (+29.89%), Beat estimate;the EBIT is 645 M (+60.85%), Beat estimate;the EPS is 1.88 (+63.48%), Beat estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
2.02B29.89%
1.84B17.88%
+0.19B12.01%
EBITExceed expectations
0.65B60.85%
0.53B33.07%
+0.11B27.78%
EPSExceed expectations
1.8863.48%
1.651843.64%
+0.228219.84%
Upcoming earnings report - Q2 FY2027
Available dateDec 1, 2026
Estimate Revenue$2.101 B
Estimate EBIT$654.28 M
Estimate EPS$2.1124
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EBIT
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EPS
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