NetApp posts record Q1, raises FY27 outlook
NetApp said Q1 revenue rose 30% and EPS grew 66%, driven by strong AI and cloud demand. The company also raised full-year guidance for revenue and EPS.
NetApp said fiscal Q1 results were records, with revenue up 30% and EPS up 66%, supported by strong AI and cloud demand. The company raised full-year guidance for both revenue and EPS, saying the move reflected confidence in durable, broad-based demand and structural market improvements. Source: NetApp, Inc. [NTAP] Q1 2027 audio transcript — Sep.