NetApp Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Lifts Fiscal 2027 Guidance

MT Newswires Live
Sep 03

NetApp (NTAP) reported fiscal Q1 non-GAAP earnings late Wednesday of $2.58 per diluted share, up from $1.55 a year earlier.

Analysts polled by FactSet expected $2.12.

Revenue for the quarter ended July 31 was $2.03 billion, up from $1.56 billion a year earlier.

Analysts expected $1.84 billion.

The company expects fiscal Q2 non-GAAP EPS of $2.54 to $2.64 on revenue of $2.03 billion to $2.18 billion. Analysts expect $2.17 and $1.84 billion, respectively.

NetApp now expects fiscal 2027 non-GAAP EPS of $9.73 to $10.03 on revenue of $7.98 billion to $8.23 billion, up from its prior forecast of non-GAAP EPS of $8.70 to $9.00 on revenue of $7.33 billion to $7.58 billion.

Analysts expect $9.03 and $7.54 billion, respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10