NetApp Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Lifts Fiscal 2027 Guidance

04:11 PM EDT, 09/02/2026 (MT Newswires) -- NetApp (NTAP) reported fiscal Q1 non-GAAP earnings late Wednesday of $2.58 per diluted share, up from $1.55 a year earlier. Analysts polled by FactSet expected $2.12. Revenue for the quarter ended July 31 was $2.03 billion, up from $1.56 billion a year earlier. Analysts expected $1.84 billion. The company expects fiscal Q2 non-GAAP EPS of $2.54 to $2.64 on revenue of $2.03 billion to $2.18 billion. Analysts expect $2.17 and $1.84 billion, respectively. NetApp now expects fiscal 2027 non-GAAP EPS of $9.73 to $10.03 on revenue of $7.98 billion to $8.23 billion, up from its prior forecast of non-GAAP EPS of $8.70 to $9.00 on revenue of $7.33 billion to $7.58 billion. Analysts expect $9.03 and $7.54 billion, respectively.