NetApp Inc
F:NTA
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
N
|
NetApp Inc
F:NTA
|
US |
|
N
|
NetApp Inc
DUS:NTA
|
US |
|
Polytec Holding AG
F:P4N
|
AT |
|
P
|
Prudential Financial Inc
F:PLL
|
US |
|
Peet Ltd
ASX:PPC
|
AU |
|
Agrimin Ltd
F:3CL
|
AU |
|
Telefonaktiebolaget LM Ericsson
STO:ERIC B
|
SE |
|
K
|
KOYJ Co Ltd
KOSDAQ:121850
|
KR |
|
P
|
Polytec Holding AG
VSE:PYT
|
AT |
Earnings Calls
Last Earnings Call
Record quarter: NetApp reported Q1 revenue of $2.03 billion, up 30% year-over-year, exceeding the high end of guidance on every metric.
AI momentum: The company won approximately 350 AI and data lake modernization deals, with larger deal sizes as customers move from testing to production workloads.
Broad demand: Management described strength across customer sizes, industries, geographies, products and sales channels, while noting that accelerated purchases were limited to a small portion of customers.
Margin pressure: Gross margin was 70.6%, down 50 basis points year-over-year as product revenue represented 49% of sales and component costs increased.
Raised outlook: Fiscal 2027 revenue guidance increased by $650 million to a midpoint of $8.1 billion, while EPS guidance rose to a midpoint of $9.88.
Cloud and flash growth: Public cloud revenue reached $206 million, up 28%, while all-flash array revenue reached $1.31 billion, up 47%.
Strategic acquisitions: NetApp acquired DataPelago to strengthen in-place AI data processing and JetStream to expand cloud-native disaster recovery for VMware workloads.