Latest Earnings Results: Q1 '26
Estimated EPS
$2.12
Reported EPS
$2.58
Surprise
+21.55%
Estimated Rev
$1.84B
Reported Rev
$2.02B
Surprise
+10.24%
• Reported GAAP EPS of $2.58 up 66.45% YoY • Reported revenue of $2.02B up 29.89% YoY • NetApp expects Q2 FY27 revenue of $2.03B to $2.18B and EPS of $2.54 to $2.64, while full fiscal year 2027 revenue guidance is $7.98B to $8.23B.
Bullish Takeaway
NetApp delivered record quarterly results driven by 47% growth in all-flash revenue and 28% growth in Public Cloud, further supported by strategic AI-focused acquisitions and expanded enterprise partner momentum.
Bearish Takeaway
NetApp experienced significant declines in operating cash flow and free cash flow year-over-year, while the company remains subject to various macroeconomic risks and global supply chain uncertainties that impact performance.
Generated by Stocktwits using AI and company-reported earnings data for Q1 '26. This recap is intended to help readers understand the quarter quickly. Verify key figures in the linked source materials; the summary may contain errors and is not investment advice.
Historical Earnings
Quarterly
Annual
EPS
Revenue
| Fiscal Period | Estimated | Reported | Surprise | Result |
|---|---|---|---|---|
Q2 '26 | $2.40 | -- | -- | N/A |
Q1 '26 | $2.12 | $2.58 | 21.55% | BEAT |
Q4 '25 | $2.27 | $2.43 | 6.96% | BEAT |
Q3 '25 | $2.06 | $2.12 | 2.81% | BEAT |
Q2 '25 | $1.88 | $2.05 | 8.77% | BEAT |