Revenue $2.02B, up 29.9% on a year earlier. Product Revenue $987.00M, up 50.9%. Service revenue $1.04B, up 14.7%. Diluted EPS $1.88 against $1.15.
| Q1 FY27 | Q4 FY26 | Q1 FY26 | Year over year | |
|---|---|---|---|---|
| Revenue | $2.02B | $1.95B | $1.56B | +29.9% |
| Operating income | $484.00M | $532.00M | $309.00M | +56.6% |
| Net income | $375.00M | $404.00M | $233.00M | +60.9% |
| Diluted EPS | $1.88 | $2.02 | $1.15 | |
| Operating cash flow | $503.00M | $950.00M | $673.00M | -25.3% |
| Capital expenditures | -$102.00M | -$50.00M | -$53.00M | |
| Free cash flow | $401.00M | $900.00M | $620.00M | -35.3% |
| Dividend per share | $0.52 | $0.52 | $0.52 |
| Q1 FY27 | Q1 FY26 | Year over year | |
|---|---|---|---|
| Product Revenue | $987.00M | $654.00M | +50.9% |
| Service revenue | $1.04B | $905.00M | +14.7% |
| Net revenues growth | 30% | 1% | |
| Days sales outstanding | 47 | 46 | +2.2% |
| Public Cloud segment revenue | $206.00M | $161.00M | +28.0% |
| Hybrid Cloud segment revenue | $1.82B | $1.40B | +30.1% |
| Period | Measure | Guided | Reported | Result |
|---|---|---|---|---|
| Q1 FY27 | Revenue | $1.75B to $1.90B | $2.02B | above |
The week's biggest guidance misses, KPI surprises and one chart.
Stock Atlas, “NetApp (NTAP) Q1 FY27 earnings: results and KPIs”, stockatlas.com/companies/NTAP/earnings/2027-q1/, data as of 3 November 2026. Links to this page are welcome.
