NetApp posted record Q1 results, beating guidance across all metrics as AI-driven data infrastructure demand and strong cloud adoption fueled a 30% revenue surge and an upward revision to annual guidance.
NetApp reported record Q1 results with 30% revenue growth, significantly raised full-year guidance, and highlighted strong AI-driven momentum, indicating robust business performance.
NetApp delivered a record-setting first quarter for fiscal year 2027, with revenue climbing 30% year-over-year to $2.03 billion. Driven by surging demand for AI-ready data infrastructure and public cloud services, the company significantly raised its full-year financial outlook.
Growth is primarily fueled by the rapid adoption of AI-ready data infrastructure, strong performance in public cloud services, and increased demand for all-flash storage solutions.