NetApp stock reports 30.00 percent revenue growth in Q1 FY27

Published on 09/30/2026 at 14:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NetApp stock posted USD 2.03 billion in Q1 FY27 revenue on July 31, 2026, up 30.00 percent year over year. FY27 non-GAAP EPS guidance is USD 9.73 to USD 10.03.

Moderner Serverraum mit Technikern zwischen beleuchteten Rechnerschränken in Rechenzentrum — Fotorealistisches Rechenzentrum symbolisiert NetApp Inc., ISIN US64120B1098, führend in Datenspeicherung und Cloud-Infrastruktur weltweit, Illustration mit AI erstellt.

NetApp Inc. (ISIN US64120B1098) posted USD 2.03 billion in revenue for the first quarter of fiscal 2027, up 30.00 percent from USD 1.56 billion a year earlier. The result dated July 31, 2026, forms the clearest current driver for NetApp stock after the company raised its full-year outlook.

Revenue reaches USD 2.03 billion

According to NetApp in its September 2, 2026 release, GAAP earnings per share rose to USD 1.88 from USD 1.15 in Q1 fiscal 2026, a gain of 63.00 percent. Non-GAAP EPS reached USD 2.58, up 66.00 percent from USD 1.55.

The operating picture also improved. GAAP operating margin was 23.90 percent, compared with 19.80 percent a year earlier, while non-GAAP operating margin reached 31.90 percent versus 25.70 percent.

Guidance sets the next test

NetApp's full-year fiscal 2027 guidance calls for revenue of USD 7.975 billion to USD 8.225 billion and non-GAAP EPS of USD 9.73 to USD 10.03, according to the September 2, 2026 release. The second-quarter revenue range is USD 2.025 billion to USD 2.175 billion, giving investors a concrete checkpoint for execution.

Growth is concentrated in data-intensive products. All-flash array revenue reached USD 1.309 billion in Q1 fiscal 2027, up 47.00 percent year over year, while Public Cloud revenue rose 28.00 percent to USD 206.00 million.

Market value near yearly high

NetApp was last at USD 209.18 on Nasdaq on September 29, 2026 at 4:00 p.m. ET. Its market capitalization was USD 41.0 billion, and its 52-week range was USD 93.69 to USD 210.04, placing the last quoted price 0.41 percent below the yearly high.

The company also declared a USD 0.52 per-share cash dividend payable on October 28, 2026, to shareholders of record on October 9, 2026. The combination of 30.00 percent quarterly revenue growth, higher margins and double-digit full-year EPS guidance keeps execution against the raised outlook central to the stock's valuation.