NetApp

NetApp reported a record quarter and raised its fiscal 2027 outlook to mid-single-digit revenue growth of 17% and EPS growth of 22%. Revenue from all-flash arrays rose 47%, public cloud revenue grew 28% (19% on a constant-currency basis), and management says AI projects are moving from pilot to production phases (over 1,100 AI deals in FY26 plus 350 in the last quarter). ONTAP remains, according to the board, a competitive advantage for on-premises, cloud and AI workloads; at the same time NetApp is addressing rising flash costs by helping customers shift “cold data” to cheaper disk systems. The company reports strong demand across product lines, regions and industries and says its position versus full-stack vendors is validated. » Más en de.investing.com

At the Citi Global TMT Conference, NetApp reported strong, widespread demand across enterprise, commercial and government customers, driven by AI projects and infrastructure modernization. The first fiscal quarter beat expectations on all metrics; revenue and EPS guidance for fiscal 2027 were more than doubled versus the outlook from 90 days earlier. All-Flash revenues rose 47%, Hybrid-Flash showed growth again for the first time, and Keystone and public-cloud businesses continued to grow with high margins. Management called the demand sustainable but cited ongoing supply constraints, pricing pressure and competition as risks, and said it will support higher guidance through long-term supply agreements and targeted acquisitions. » Más en de.investing.com

NetApp beat estimates for revenue ($2.03 billion) and non-GAAP earnings per share ($2.58), yet the stock fell sharply in pre-market trading. Free cash flow declined 35% year on year to $401 million. The raised full-year guidance implies a marked slowdown in growth in the second half of the year (around 9–10%), and the number of closed AI and data-lake deals decreased. Investors doubt the sustainability of demand, which is adding to the selling pressure on the stock. » Más en de.investing.com