EARNINGS FINANCIALS AI Sep 02, 2026
The canonical primary-source press release for NetApp's Q1 FY27 print (quarter ended July 31 2026): record net revenues $2.03B (+30% YoY), record all-flash array $1.3B (+47% YoY), record Public Cloud segment $206M (+28% YoY), GAAP EPS $1.88 (+63% YoY), record non-GAAP EPS $2.58 (+66% YoY), billings $2.057B (+36% YoY). CEO George Kurian attributes the strength to customers choosing the NetApp Platform for AI and hybrid multi-cloud. The headline bullets also announce NetApp has acquired DataPelago, Inc. — an AI data infrastructure company — to simplify and accelerate AI deployment at scale. Free cash flow fell ~35% YoY to $401M, explaining the post-print selloff despite the topline beat.
Why it matters: primary citation whenever the exact figures appear in customer presentations or NCDA study notes; explains the FCF-driven drop behind the post-print 10% slide.
Read the official press release (NetApp Investor Relations) · Financials hub · AI coverage index