NetApp management says Q1 FY2027 earnings jump on AI- and cloud-driven demand for all-flash, public cloud and Keystone storage services - NTAP News | Rallies
Management commentary flagged a record fiscal Q1, with revenue up 30% to $2.03 billion on stronger demand.
Momentum came from public cloud, all-flash, Keystone, AI-led modernization spending, accelerated purchases, and pricing benefits, according to management.
All-flash array revenue rose 47% to $1.31 billion; public cloud revenue increased 28% to $206 million.
Non-GAAP operating margin reached 31.9%; EPS climbed 66% to $2.58, helped by operating leverage despite higher component costs.
Guidance was raised to revenue of $7.98 billion-$8.23 billion; EPS of $9.73-$10.03.
NTAP•
