{
  "id": 5193781,
  "title": "NetApp Q1 FY27 slides reveal strong AI demand despite stock selloff",
  "url": "https://urgent.news/2026/09/02/netapp-q1-fy27-slides-reveal-strong-ai-demand-despite-stock-selloff",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T22:57:45.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/netapp-q1-fy27-slides-reveal-strong-ai-demand-despite-stock-selloff-93CH-4886863"
  },
  "original_language": "en",
  "account": "NetApp reported a strong first quarter for fiscal year 2027, with revenue increasing 30% year-over-year to $2.03 billion and non-GAAP earnings per share rising 66% to $2.58. Despite exceeding analyst expectations and raising guidance, the stock fell 8.92% in after-hours trading due to concerns about sustained growth potential. The company's presentation emphasized the demand for its AI and hybrid multicloud solutions, with AI evolving from a future aspiration to a business imperative for enterprise customers. NetApp's success was driven by all-flash arrays and Public Cloud solutions, which now make up 75% of the company's total revenue. Highlights include a record $1.31 billion in All-flash array revenue, up 47% year-over-year, and $206 million in Public Cloud revenue, up 28% year-over-year. The company also won approximately 350 AI and data lake modernization deals during the quarter. NetApp raised its full-year fiscal 2027 guidance, now anticipating revenue of $7.975 billion to $8.225 billion, marking a 17% year-over-year increase at the midpoint.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}