NTAP raises fiscal 2027 guidance on AI and cloud strength
NTAP raised fiscal 2027 guidance, citing strong broad-based growth focused on AI and cloud. The company pointed to AI adoption driving upgrades and new use cases, with improving margins and public sector demand.
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06:59:00 PM UTC
SquawkNews
Strong Q1 demand, led by AI and modernization, drove raised full-year guidance and EPS outlook. Public cloud and Keystone businesses are growing rapidly with high margins, while recent acquisitions and innovation investments enhance competitive positioning.Based on NetApp, Inc. [NTAP] Citi’s 2026 G…
NetApp raised fiscal 2027 guidance, citing strong, broad-based growth, with particular strength in AI and cloud. The company said AI adoption is driving upgrades and new use cases, while its ONTAP and AFX platforms support hybrid and sovereign environments. NetApp also said margins and public sector demand are improving, and that internal AI use is delivering oper…