NetApp Q4 Revenue Jumps 12.1% to $1.94B, Beats Estimates; Issues Strong FY27 Guidance and Unveils New AI-Driven Storage
NTAP sits 73% above its 52-week low of $93.69 on elevated volume (2.4× avg).
Summary
NetApp reported strong Q4 results, with revenue of $1.94 billion (+12.1% YoY) and adjusted EPS of $2.43, both surpassing analyst estimates. The company issued robust Q1 revenue guidance of $1.75-$1.90 billion and FY27 revenue guidance of $7.325-$7.575 billion. This positive financial update follows yesterday's 8-K which indicated record results and strong guidance. The beat on earnings and optimistic outlook, driven by growth in all-flash, cloud, and AI, is highly significant for the stock, which is trading near its 52-week high. Additionally, NetApp unveiled new EF50/EF80 storage systems and expanded its AI Data Engine, signaling continued product innovation.
At the time of this announcement, NTAP was trading at $162.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $28.1B. The 52-week trading range was $93.69 to $143.65. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.