NetApp, Inc. (NTAP) Earnings Call Transcripts

NetApp, Inc.'s Latest Earnings Call - September 8, 2026

NetApp, Inc. reported strong fiscal Q1 results for 2027, with significant revenue growth driven by AI adoption and infrastructure modernization. The company raised its full-year guidance, indicating a doubling of the growth rate year-on-year. Revenue for the quarter was robust, with management highlighting broad-based demand across various sectors and a solid supply outlook, which supports their optimistic projections moving forward.

Reported metrics

Guidance from management

NetApp raised its full-year guidance, indicating a doubling of the growth rate year-on-year. Management expects continued strength in demand driven by AI and infrastructure modernization.

What management said

Thanks for having us. Today's discussion may include forward-looking statements regarding NetApp's future performance, which are subject to risk and uncertainty. Actual results may differ materially from the statements made today for a variety of reasons described in our most recent 10-K and 10-Q filed with the SEC and available on our website at netapp.com. We disclaim any obligation to update information in any for...

Yes. So we -- in Q1, we experienced broad-based demand. We saw growth across various geographic regions, and we saw growth across the various types of customers and across types -- various types of industries. And when it comes to our public cloud business, which is where really the three top hyperscalers are our customers, and they offer our software as a native storage software solution. We've also experienced some...

What analysts pressed on

Analysts expressed concerns about the sustainability of growth rates in the second half of the fiscal year, particularly in light of seasonality and potential supply chain constraints. There were also questions regarding how pricing adjustments would impact customer budgets amidst rising costs.

Main topics on the call

• Revenue Growth Acceleration — NetApp experienced strong demand in Q1, leading to a revenue outlook that was raised significantly. Management stated, "we do see an underlying strength in demand that basically also gave us enough confidence to increase...
• AI Adoption Impact — The company noted that AI adoption is a key driver of demand, with management reporting a higher number of AI wins and larger deal sizes. "The average size of the deal is now bigger than before," indicating a shift towar...
• Supply Chain Confidence — Management expressed confidence in their supply chain capabilities, stating, "we feel comfortable about the supply we have to be able to deliver the outlook we guided." This is crucial as they double their demand outlook...
• Public Cloud Growth — NetApp's public cloud business grew by 19% when adjusted for an extra week in Q1, with management asserting that "the high teens growth rates are sustainable." This growth is driven by strong demand from hyperscalers.

Read the full NetApp, Inc. transcript (September 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 93 NetApp, Inc. earnings call transcripts on record, spanning February 12, 2020 to September 8, 2026. Based on this history, NetApp, Inc. reports quarterly. The most recent call on file is dated September 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NTAP

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Technology Hardware, Storage and Peripherals

Calls on record

93

First call

February 12, 2020

Most recent

September 8, 2026

Reporting cadence

quarterly