{"id":83921,"date":"2026-09-09T10:30:42","date_gmt":"2026-09-09T07:30:42","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/netapp-financial-results-q1-fy2027\/"},"modified":"2026-09-09T10:30:45","modified_gmt":"2026-09-09T07:30:45","slug":"netapp-financial-results-q1-fy2027","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/netapp-financial-results-q1-fy2027\/","title":{"rendered":"NetApp Reports Record First Quarter Fiscal 2027 Revenue of $2.03 Billion"},"content":{"rendered":"<p class=\"wp-block-paragraph\">NetApp reported its official NetApp financial results for the first quarter of fiscal year 2027, delivering net revenues of $2.03 billion, an increase of 30% year-over-year. The enterprise data infrastructure provider recorded GAAP diluted earnings per share of $1.88 and non-GAAP earnings per share of $2.58 for the period ending July 31, 2026.<\/p><p class=\"wp-block-paragraph\">Total quarterly billings rose 36% compared to the prior year to reach $2.06 billion. In addition, net revenue from all-flash storage arrays grew 47% year-over-year to $1.3 billion, while public cloud revenue increased 28% to reach $206 million.<\/p><h2 class=\"wp-block-heading\">Detailed Breakdown of NetApp Financial Results<\/h2><p class=\"wp-block-paragraph\">The hybrid cloud segment generated $1.819 billion in revenue during the quarter, reflecting a 30% growth rate compared to the first quarter of fiscal 2026. Operating margins showed steady gains, with GAAP operating margin reaching 23.9% and non-GAAP operating margin coming in at 31.9%.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;NetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever.&#8221;<\/p><cite>George Kurian, Chief Executive Officer<\/cite><\/blockquote><h2 class=\"wp-block-heading\">Strategic Acquisition and Product Updates<\/h2><p class=\"wp-block-paragraph\">During the quarter, the company completed the acquisition of DataPelago, Inc., an <a href=\"\/category\/ai\/\">artificial intelligence<\/a> data infrastructure business designed to accelerate data processing workloads. NetApp also introduced StorageGRID version 12.1 and updated its NetApp Trident 26.06 Kubernetes management software with enhanced volume placement features.<\/p><p class=\"wp-block-paragraph\">Furthermore, the firm expanded its enterprise cloud offerings by releasing support for files up to 64 TiB on Azure NetApp Files and adding an Object REST API interface to support <a href=\"\/category\/apps\/\">software application<\/a> workflows.<\/p><h2 class=\"wp-block-heading\">Enterprise Collaborations and Market Alliances<\/h2><p class=\"wp-block-paragraph\">NetApp broadened its technical collaboration with Cisco to support enterprise AI deployments and integrated a new security orchestration playbook for incident response to assist <a href=\"\/category\/cybersecurity\/\">cybersecurity<\/a> operations. Meanwhile, the organization completed a joint proof-of-concept trial with SK Telecom using AFX systems on the Petasus AI Cloud.<\/p><p class=\"wp-block-paragraph\">Additionally, NetApp entered into strategic partnership agreements with Tata Consultancy Services for data governance and Okestro for disaster recovery infrastructure.<\/p><h2 class=\"wp-block-heading\">Future Guidance and Shareholder Returns<\/h2><p class=\"wp-block-paragraph\">Following the positive NetApp financial results, the board declared a regular cash dividend of $0.52 per share payable on October 28, 2026. For the second quarter of fiscal 2027, the company projects net revenues between $2.025 billion and $2.175 billion.<\/p><p class=\"wp-block-paragraph\">For the full fiscal year 2027, net revenues are expected to range from $7.975 billion to $8.225 billion, supported by sustained growth across hybrid cloud and storage infrastructure in the global <a href=\"\/category\/economy\/\">business<\/a> market.<\/p>","protected":false},"excerpt":{"rendered":"<p>NetApp posted record first quarter fiscal 2027 revenues of $2.03 billion, up 30% year-over-year, driven by strong all-flash and public cloud storage growth.<\/p>\n","protected":false},"author":2,"featured_media":83920,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"{\"x_hook\":\"NetApp reported record Q1 FY27 revenue of $2.03B, up 30% YoY, driven 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Billion","_yoast_wpseo_twitter_description":"NetApp reports $2.03 billion in Q1 FY27 revenue, driven by 47% growth in all-flash storage and the acquisition of DataPelago.","_yoast_wpseo_twitter_image":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/09\/netapp-financial-results-q1-fy2027.webp","_yoast_wpseo_twitter_image_id":83920,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"1","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[442,449,24],"tags":[2787,2283,3552,893,4790],"class_list":["post-83921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apps","category-ai","category-economy","tag-cloud-storage","tag-data-infrastructure","tag-earnings-report","tag-enterprise-technology","tag-netapp","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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