NetApp stock: Fiscal 2027 first-quarter revenue reached $2.03 billion
Published on 09/29/2026 at 18:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
NetApp reported first-quarter fiscal 2027 net revenue of $2.03 billion, up 30 percent from the year-earlier quarter. The period ended July 31, 2026. GAAP diluted earnings per share were $1.88, while non-GAAP diluted earnings per share were $2.58. The company’s Business Wire release said NetApp raised its fiscal 2027 revenue and earnings-per-share outlook.
Quarterly results and outlook
NetApp reported GAAP net income of $375 million for the first quarter, compared with $233 million in the year-earlier period. Public Cloud revenue rose 28 percent year over year to $206 million, while Hybrid Cloud revenue increased 30 percent to $1.82 billion. The company provided second-quarter fiscal 2027 revenue guidance of $2.025 billion to $2.175 billion and full-year revenue guidance of $7.975 billion to $8.225 billion, according to the company release distributed by Business Wire.
Planned PEAK:AIO acquisition
NetApp separately announced its intent to acquire PEAK:AIO, a company focused on metadata architecture and high-performance parallel file systems. NetApp said the planned transaction is intended to support its AI infrastructure roadmap and complement its ONTAP software. The transaction remains subject to customary closing conditions and regulatory approvals, according to the Business Wire release.
