โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $2.58 (Est. $2.12) โ
โข Revenue: $2.03B (Est. $1.84B) โ , +30% YoY.
โข Billings: $2.06B, +36% YoY.
โข All-Flash Array Revenue: $1.3B, +47% YoY.
โข Public Cloud Revenue: $206M, +28% YoY.
โข Adj. Operating Margin: 31.9%.
โข Free Cash Flow: $401M, -35% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q2 FY2027 Revenue: $2.025Bโ$2.175B (Est. $1.85B) โ
โข Q2 FY2027 Adj. EPS: $2.54โ$2.64 (Est. $2.16) โ
โข FY2027 Revenue: $7.975Bโ$8.225B (Est. $7.54B) โ , significantly raised.
โข FY2027 Adj. EPS: $9.73โ$10.03 (Est. $9.03) โ , significantly raised.
โข FY2027 Adj. Operating Margin: 30.3%โ31.3%.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข NetApp delivered record quarterly revenue of $2.03B, up 30% YoY and well above consensus, while Adj. EPS surged 66% to a record $2.58.
โข All-flash array revenue reached a record $1.3B, up 47%, while Public Cloud revenue hit a record $206M, up 28%.
โข Billings grew 36% to $2.06B, outpacing revenue growth.
โข NetApp significantly raised its FY2027 revenue and EPS outlook, with both now well above prior consensus estimates.
โข The company acquired AI data infrastructure firm DataPelago to help customers accelerate AI deployments at scale.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โNetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever.โ