NetApp releases transcript of Q1 fiscal 2027 earnings call

Reuters2026/09/03 16:38

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NetApp fiscal Q1 2027 earnings call drew CEO George Kurian, CFO Wissam Jabre, IR VP Kris Newton, analysts from JPMorgan, Susquehanna, Evercore, Citi.
Q1 revenue USD 2.03 billion, up 30% year over year; non-GAAP EPS USD 2.58, up 66%; operating margin 31.9%.
Raised FY 2027 outlook: revenue USD 7.98-8.23 billion; non-GAAP EPS USD 9.73-10.03; operating margin 30.3%-31.3%.
Q2 guidance: revenue USD 2.1 billion +/- USD 75 million; gross margin 67%-68%; non-GAAP EPS USD 2.54-2.64.
Management cited AI-driven infrastructure modernization as demand driver; about 350 AI and data lake modernization deals in Q1.
Public cloud revenue USD 206 million, up 28%; all-flash array revenue USD 1.31 billion, up 47%; pricing actions flowing through faster than past cycles.
Acquired Data Pelago in Q1 for in-place AI data processing; acquired Jetstream early Q2 for VMware disaster recovery into cloud offerings.

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 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NetApp releases transcript of Q1 fiscal 2027 earnings call

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