NetApp Inc

Quantli Newsdesk

· 3 months ago

NetApp reported record fiscal 2026 results, with Q4 revenue rising 12% year-over-year to $1.95 billion and full-year revenue reaching $6.93 billion. The company secured more than 1,100 AI and data preparation wins during the year, supporting all-flash storage revenue growth of 18% in Q4. However, elevated NAND and DRAM costs are expected to pressure gross margins in fiscal 2027 despite strong demand.

Quantli Newsdesk

· 3 months ago

NetApp delivered fiscal Q4 revenue of $1.95 billion and earnings of $2.43 per share, both exceeding analyst expectations. The company issued above-consensus guidance for Q1 and full-year fiscal 2027, citing strong demand from enterprise customers adopting AI and managing unstructured data.

Quantli Newsdesk

· 3 months ago

NetApp has expanded its partnership with Google Cloud through a four-year agreement to bring enterprise storage capabilities to Google Distributed Cloud (GDC), a sovereign cloud platform designed for secure, restricted environments. The collaboration includes new integrations with Gemini Enterprise AI services and recognition as Google Cloud's 2026 Infrastructure Modernization Partner of the Year for Storage.

10-K

Quantli Newsdesk

· 2 months ago

NetApp delivered 5% revenue growth to $6.9 billion in fiscal 2026, with operating margins expanding four percentage points to 24%. While rising component costs pressured product margins, services performance strengthened, operating cash flow surged 37% to $2.1 billion, and deferred revenue grew 7%, signaling healthy renewals.

10-K

Quantli Newsdesk

· 4 months ago

NetApp reported fiscal 2025 net revenues of $6.6 billion, up 5% year-over-year, with operating margin expanding to 20%. The company issued $1.24 billion in new senior notes, repurchased $1.2 billion in stock, and paid $424 million in dividends while navigating $83 million in restructuring charges.