EX-99.1 2 ntap-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 NetApp Reports First Quarter of Fiscal Year 2027 Results Delivers record quarterly net revenues of $2.03 billion, an increase of 30% year-over-year; First quarter GAAP earnings per share of $1.88; record non-GAAP earnings per share of $2.58; Significantly raised fiscal year 2027 revenue and earnings per share guidance News Summary • Record all-flash array net revenue of $1.3 billion for the first quarter of fiscal year 2027, an increase of 47% year-over-year • Record Public Cloud net revenue of $206 million for the first quarter of fiscal year 2027, an increase of 28% year-over-year • Billings of $2.06 billion for the first quarter of fiscal year 2027, an increase of 36% year-over-year • First quarter GAAP operating margin of 23.9%; first quarter non-GAAP operating margin of 31.9% • Acquired DataPelago, Inc., an AI data infrastructure company, to help customers simplify and accelerate AI deployment at scale SAN JOSE, Calif. - September 2, 2026 - NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the first quarter of fiscal year 2027, which ended on July 31, 2…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
NetApp, Inc.
NTAPNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On September 2, 2026, NetApp, Inc. ("NetApp" or the "Company") issued a press release reporting financial results for the first quarter ended July 31, 2026. The press release is furnished herewith as Exhibit 99.1, to this Current Report. NetApp is making reference to non-GAAP financial information in both the press release and the conference call.…
Company context
For more than three decades, NetApp has helped the world’s leading organizations navigate change - from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth. At the heart of that infrastructure is the NetApp data platform - the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.