NTAP Q1 Earnings & Revenues Top Estimates on AI and All-Flash Strength

NetApp delivered record Q1 fiscal 2027 results with EPS up 66.5% to $2.58 and revenues climbing 29.9% to $2.03 billion, driven by strong AI spending and all-flash array sales reaching $1.31 billion. The company raised full-year guidance to $7.975-$8.225 billion in revenues with EPS of $9.73-$10.03, reflecting 17% and 22% growth respectively.