NetApp Q1 FY27: Record Revenue, DataPelago Deal Details, and New Insider Trading Plans
NTAP sits 79% above its 52-week low of $93.69.
Summary
NetApp filed its Q1 FY27 10-Q confirming record results and adding new details on the DataPelago acquisition, a $56M restructuring, and insider trading plans.
Key Events · Earnings and Guidance · NTAP
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Record Q1 Revenue and EPS
Net revenues of $2.025B, up 30% YoY; GAAP diluted EPS $1.88 vs $1.15; non-GAAP EPS $2.58 vs $1.55. All-flash array revenue hit a record $1.3B (+47% YoY).
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DataPelago Acquisition Quantified
Acquired July 16, 2026 for $193M total: $87M cash at closing plus $106M contingent consideration. Purchase price allocation includes $151M goodwill and $22M developed technology.
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Restructuring Plan Announced
Management approved a restructuring plan in Q1 FY27 with $56M in charges, primarily employee severance, expected to be substantially complete by end of fiscal 2027.
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Insider Trading Plans Adopted
CEO George Kurian adopted a Rule 10b5-1 plan on June 15, 2026 for up to 150,000 shares; Audit Committee Chair Deepak Ahuja adopted one for up to 11,683 shares. Both expire June 15, 2027.
Analysis · NTAP · Technology
NetApp's Q1 FY27 10-Q confirms the record results already previewed in today's 8-K — revenue up 30% to $2.025B and diluted EPS of $1.88 — but adds material new disclosures. The DataPelago acquisition, announced July 16, is now quantified: $193M total consideration with $106M in contingent payments, creating $151M in goodwill. Management also approved a $56M restructuring plan to redirect resources, and both the CEO and Audit Committee Chair adopted Rule 10b5-1 trading plans covering up to 161,683 shares combined. The company repurchased $200M of stock at an average $133.32 per share and holds $3.6B in cash and investments against $2.5B in debt.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.6% of the 1819 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NTAP was trading at $168.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $35.5B. The 52-week trading range was $93.69 to $209.06. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.