🔹 Adj. EPS: $1.93 (Est. $1.89) 🟢; +7% YoY
🔹 Revenue: $1.73B (Est. $1.72B) 🟢; +4% YoY
🔹 All-Flash ARR: $4.1B; +14% YoY
🔹 Public Cloud Rev: $164M; +8% YoY
Q1 Guide:
🔹 Adj. EPS: $1.48–$1.58 (Est. $1.66) 🔴
🔹 Revenue: $1.46B–$1.61B (Est. $1.60B) 🟡
🔹 Gross Margin (Non-GAAP): 71%–72%
🔹 Op. Margin (Non-GAAP): 25%–26%
FY26 Guidance:
🔹 Revenue: $6.625B–$6.875B
🔹 Adj. EPS: $7.60–$7.90
🔹 Gross Margin (Non-GAAP): 71%–72%
🔹 Op. Margin (Non-GAAP): 28.8%–29.8%
Other Key Q1 Metrics:
🔹 Gross Profit (Non-GAAP): $1.20B; Record
🔹 Op. Income (Non-GAAP): $496M; Record
🔹 Cash from Ops: $675M (vs. $613M YoY)
Dividend Update:
🔸 Next dividend: $0.52/share, payable July 23, 2025
Strategic & Product Highlights:
🔸 Innovation: New ASA/FAS50 storage arrays, EF portfolio QLC support, BlueXP AI tools, AI/ML data vaulting, ransomware protection, Trident 25.02 for Kubernetes
🔸 Cloud Focus: Exited Spot by NetApp; stronger Microsoft & Google Cloud integrations
🔸 AI Leadership: Validated by NVIDIA for DGX SuperPOD; integrated with NVIDIA AI Data Platform
🔸 NFL Partnership: Named Official Intelligent Data Infrastructure Partner
Executive & Recognition:
🔸 New Appointments:
 • Frank Pelzer to Board
 • Beth O’Callahan as Chief Administrative Officer
🔸 Awards:
 • Google Cloud Infra Partner of the Year
 • Gartner Peer Insights: Customers’ Choice
 • CRN: Top AI, Storage, Data Center & Partner Awards