NetApp Q1 FY27: record revenue $2.03B (+30% YoY), EPS $2.58, raises FY27 guidance

NetApp, Inc.

Record Q1 FY27 revenue $2.03B (+30% YoY); all-flash array revenue $1.3B (+47%), Public Cloud $206M (+28%).
GAAP EPS $1.88 (+63% YoY); record non-GAAP EPS $2.58 (+66%); net income $375M GAAP, $515M non-GAAP.
FY27 revenue guidance raised to $7.975-8.225B; non-GAAP EPS $9.73-10.03; Q2 revenue $2.025-2.175B.
GAAP operating margin 23.9%, non-GAAP 31.9%; Q1 billings $2.06B (+36%).
Acquired DataPelago, Inc. (AI data infrastructure); dividend $0.52/share payable Oct 28 to holders of record Oct 9.

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