NetApp Inc ( (NTAP) ) has released its Q1 earnings. Here is a breakdown of the information NetApp Inc presented to its investors.
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NetApp Inc., a leader in intelligent data infrastructure, specializes in unified data storage and integrated data services, offering solutions that enable seamless hybrid and multicloud transformations.
In its first quarter of fiscal year 2026, NetApp reported net revenues of $1.56 billion, marking a 1% increase from the previous year. The company also achieved the top market share position in all-flash storage, reflecting its continued innovation and leadership in the sector.
Key financial highlights include a 6% year-over-year growth in all-flash array revenue to $893 million and a 33% increase in public cloud storage services revenue. The company also reported record first-quarter cash flow from operations at $673 million and returned $404 million to shareholders through share repurchases and dividends.
NetApp’s strategic announcements included the introduction of new AI and cyber-resilience capabilities, collaborations with NVIDIA and Microsoft, and enhancements in data management solutions. These initiatives are aimed at strengthening its position in the AI and data infrastructure markets.
Looking forward, NetApp’s management remains confident in its ability to deliver sustainable long-term growth, with a financial outlook projecting net revenues between $6.625 billion and $6.875 billion for the full fiscal year 2026.