$NTAP (NETAPP) — 8-K: NTAP Q1 FY27 adj. EPS $2.58 beats consensus $2.12 by +21.5%; revenue +29.9% YoY

NTAP printed Q1 FY27 adjusted EPS of $2.58, beating consensus of $2.12 by $0.46, or +21.5%. Revenue was $2,025M, up 29.9% YoY. Guidance calls for Q2 FY27 adjusted EPS of $2.54–$2.64 and FY2027 adjusted EPS of $9.73–$10.03. Record all-flash array net revenue of $1.3B, up 47% YoY, drove the top-line beat.

NTAP printed Q1 FY27 adjusted EPS of $2.58, beating consensus of $2.12 by $0.46, or +21.5%. Revenue was $2,025M, up 29.9% YoY. Guidance calls for Q2 FY27 adjusted EPS of $2.54–$2.64 and FY2027 adjusted EPS of $9.73–$10.03. Record all-flash array net revenue of $1.3B, up 47% YoY, drove the top-line beat.