NetApp, Inc (NTAP) Financials
Key financial figures for NetApp, Inc (Q1 2027).
NetApp reported record Q1 FY2027 net revenues of $2.025 billion, up 30% year-over-year, with GAAP diluted EPS of $1.88 and non-GAAP diluted EPS of $2.58, and raised full-year FY2027 guidance. Q1 FY2027 net revenues were $2.025 billion, up 30% year-over-year from $1.559 billion, above the company's own guidance range. All-flash array net revenue reached a record $1.309 billion, up 47% year-over-year, the primary growth driver. Hybrid Cloud segment revenue was $1.819 billion (up 30% YoY) and Public Cloud segment revenue was $206 million (up 28% YoY). GAAP operating income was $484 million and non-GAAP operating income was $645 million (a 31.9% non-GAAP operating margin); Q1 included a $56 million restructuring charge. Non-GAAP free cash flow was $401 million for the quarter. On the outlook: For Q2 FY2027, NetApp guided net revenues of $2.025-$2.175 billion and non-GAAP EPS of $2.54-$2.64. For full fiscal year 2027, the company guided net revenues of $7.975-$8.225 billion and non-GAAP EPS of $9.73-$10.03. Figures are for Q1 FY2027, as NetApp, Inc. reported them.
- Revenue
- $1.8B
- Net Income
- $375M
- EPS
- $1.91
- Total Assets
- $11.0B
- Operating Cash Flow
- $503M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q1 FY2027 | $2.0B | $375M | $1.88 | 26.72% | $401M |
| Q4 FY2026 | $1.9B | $404M | $2.03 | 27.26% | $900M |
| Q3 FY2026 | $1.7B | $334M | $1.67 | 25.16% | $271M |
| Q2 FY2026 | $1.7B | $305M | $1.51 | 23.4% | $78M |
| Q1 FY2026 | $1.6B | $233M | $1.15 | 19.82% | $620M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2026 | $6.9B | $1.3B | $6.36 | 24.48% | $1.9B |
| FY2025 | $6.6B | $1.2B | $5.67 | 20.34% | $1.3B |
| FY2024 | $6.3B | $986M | $4.63 | 19.37% | $1.5B |
Frequently asked questions
What was NetApp, Inc.'s revenue last quarter?
NetApp, Inc. reported revenue of $2.03 billion for Q1 FY2027, up 29.9% from the same period a year earlier.
Is NetApp, Inc. profitable?
Yes. NetApp, Inc. reported net income of $375.0 million for Q1 FY2027, a net margin of 18.52% on revenue.
How has NetApp, Inc.'s margin trended?
Operating margin was 26.72% in Q1 FY2027, compared with 19.82% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did NetApp, Inc. generate?
NetApp, Inc. generated free cash flow of $401.0 million in Q1 FY2027, after capital expenditure.
Full income statement, balance sheet and cash flow for NetApp, Inc on SentiSense, with up to forty quarters and twenty fiscal years of history.