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quiverquant.comSEP 22 min read$NTAP

NetApp Revenue Rises 30% to Record $2.03 Billion in Fiscal Q1

NetApp (NTAP) reported Q1 fiscal 2027 revenue of $2.025B, up 30% YoY, with GAAP net income rising 61% to $375M. The company raised its fiscal 2027 outlook and acquired DataPelago. All-flash array revenue grew 47% YoY to $1.309B. GAAP EPS guidance is $7.35-$7.65. Insiders sold shares, while hedge funds had mixed activity.

Original reporting
quiverquant.com
Published Sep 2, 2026, 8:11 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Sep 2, 2026, 9:14 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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NetApp Revenue Rises 30% to Record $2.03 Billion in Fiscal Q1 — source image
Source · quiverquant.com
Decision brief

The 30-second read

$NTAPBullishHigh
01

Why it matters

Earnings beat and guidance raise suggest near-term upside; insider sales may temper enthusiasm.

02

Market read

Earnings beat and raised outlook are material for traders; potential price move expected.

03

What to watch

Insider selling activity could signal concerns.

Relevance 8/10Novelty 8/10Timing: after-hours

Background

NetApp's earnings release includes acquisition of DataPelago and updated dividend.

Company-level read

Ticker impact

$NTAPBullishHigh confidence
Context

NetApp reported record Q1 fiscal 2027 revenue up 30% and raised full-year guidance.

Expected impact

Potential price rally on earnings beat and guidance raise.

Evidence & confidence

Revenue and EPS beat expectations; guidance increase signals continued growth.

Market effects

Sector

Positive for data storage and cloud infrastructure sector.

Regional

U.S. tech equities may see uplift.

Global

Limited to investors tracking enterprise storage market.

Counterpoint

What could challenge this read

Watch for margin pressure if cost growth accelerates.

Key entities

  • company
    NetApp

    Enterprise data storage and management provider.

  • company
    DataPelago, Inc.

    AI data infrastructure firm acquired by NetApp.

Read at source← All news

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