NetApp reports record Q1 revenue and raises fiscal 2027 guidance

NetApp reported first-quarter fiscal 2027 revenue of $2.025 billion for the period ended July 31, 2026, up 30% year over year, with GAAP EPS of $1.88 and non-GAAP EPS of $2.58; all-flash array revenue rose 47% to $1.309 billion and Public Cloud revenue increased 28% to $206 million. The company raised full-year fiscal 2027 guidance to $7.975 billion-$8.225 billion in revenue and $7.35-$7.65 GAAP EPS, or $9.73-$10.03 on a non-GAAP basis, and said it acquired AI data infrastructure company DataPelago; NetApp also declared a $0.52-per-share dividend payable October 28, 2026, to shareholders of record October 9.