NetApp beats Q1 estimates, lifts full-year guidance
NetApp reported Q1 revenue of $2.03B (est. $1.84B) and adjusted EPS of $2.58 (est. $2.12). The company raised its FY27 revenue guidance to $7.98B-$8.23B and adjusted EPS to $9.73-$10.03. Q2 guidance also topped estimates. All-flash revenue hit $1.3B; public cloud revenue rose 28% YoY.
News sentiment50 · Neutral
Market impact20/100
Event statedeveloping
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