NetApp Guides Q2 Revenue to $2.03B-$2.17B
NTAP sits 93% above its 52-week low of $93.69.
Summary
NetApp issued Q2 FY27 revenue guidance of $2.03B-$2.17B, with a midpoint of $2.10B implying roughly flat to modest growth versus the prior year's Q2. The company also provided Q2 EPS guidance of $1.97-$2.07 and adjusted EPS guidance of $2.54-$2.64. NetApp raised its full-year FY27 revenue and EPS guidance, now expecting FY27 EPS of $7.35-$7.65 and adjusted EPS of $9.73-$10.03. The guidance follows a strong FY26 and recent acquisitions of DataPelago and JetStream Software aimed at AI and cyber resilience. NetApp's Q1 results beat estimates on AI demand, contributing to the raised outlook.
At the time of this announcement, NTAP was trading at $180.78 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.