NetApp forecasts FY 2027 revenue of $7.325B-$7.575B, citing enterprise AI demand as key driver
By
SA Transcript Insights Editor
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
NetApp reported record FY 2026 results driven by AI and cloud demand, with CEO George Kurian highlighting strong performance across revenue, gross profit, operating income, and cash flow. The company forecasts FY 2027 revenue between $7.325B and $7.575B, supported by enterprise AI demand, all-flash storage momentum, and a strategic Google Cloud partnership.
Key quotes
· 1 pulledFY '26 was a landmark year for NetApp with record results across revenue, gross profit, operating income, cash flow
You might also wanna read
Nvidia Reports Record Q3 2026 Earnings: Data Center Revenue Hits $51.2 Billion with $10 Billion Quarterly Growth
Nvidia reported record-breaking Q3 2026 earnings with $57 billion in revenue and $51.2 billion from its data center business, representing a
The Verge·6mo ago
Adobe Reports Record $23.77 Billion Revenue for 2025, Credits AI Investments
Adobe reports record annual revenue of $23.77 billion for 2025, an 11% year-over-year increase, attributing the growth to its AI-driven tool
The Verge·5mo ago
Nvidia Reports 56% Sales Growth Fueled by Strong AI Chip Demand
Nvidia reported a 56% increase in sales, driven by strong demand for its AI chips, making it the world's most valuable public company. The c
nytimes.com·9mo ago
AI Data Center Demand Causes Two-Year Delays for Enterprise Hard Drives
The AI boom is causing severe supply chain disruptions in the data storage industry, with enterprise-grade hard drives facing two-year deliv
tomshardware.com·6mo ago
Analysis of NVIDIA's Q3 2026 Earnings: Beyond the "Virtuous Cycle of AI" Headlines
The article provides an in-depth analysis of NVIDIA's Q3 Fiscal 2026 earnings report, examining the company's financial performance beyond s