NetApp (NTAP) official guidance
NetApp (NTAP) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteNTAPNetApp, Inc.FY2027 · ends 2027-04-30
1 metric1 maintainedearnings call · 2026-09-03 04:01:01 UTC
2026-09-03 04:01:01 UTC$9.73 – $10.03maintained
We are raising earnings per share to be in the range of $9.73-$10.03.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:05:58 UTC$9.73 – $10.03raised +11.6%
| Earnings per share is expected to be in the range of: | $7.35 - $7.65 | $9.73 - $10.03 |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
2026-05-29 04:01:02 UTC$8.7 – $9maintained
We expect EPS to be in the range of $8.70-$9.
NTAP · transcript · Q4 FY2026
2026-05-29 04:00:00 UTCOpen source
2026-05-28 20:06:11 UTC$8.7 – $9new
| Earnings per share is expected to be in the range of: | $6.51 - $6.81 | $8.70 - $9.00 |
NTAP · EX-99.1 · Q4 FY2026
2026-05-28 20:05:22 UTCOpen source
NTAPNetApp, Inc.Q2 FY2027 · ends 2026-10-30
1 metric1 maintainedearnings call · 2026-09-03 04:01:01 UTC
2026-09-03 04:01:01 UTC$2.54 – $2.64maintained
We expect earnings per share to be in the range of $2.54 and $2.64, with a midpoint of $2.59.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:05:58 UTC$2.54 – $2.64new
| Earnings per share is expected to be in the range of: | $1.97 - $2.07 | $2.54 - $2.64 |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
NTAPNetApp, Inc.FY2027 · ends 2027-04-30
3 metrics2 new1 maintainedearnings call · 2026-09-03 04:01:01 UTC
2026-09-03 04:01:01 UTCimproved slightlynew
At the same time, our fiscal year 2027 product gross margin expectations have improved slightly, while the underlying gross margin outlook for the rest of the business remains largely unchanged.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-03 04:01:01 UTCremains largely unchangednew
At the same time, our fiscal year 2027 product gross margin expectations have improved slightly, while the underlying gross margin outlook for the rest of the business remains largely unchanged.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-03 04:01:01 UTC68.1% – 69.1%maintained
We expect gross margin to be in the range of 68.1%-69.1%. The revised range primarily reflects a higher expected mix of product revenue compared with our prior guidance.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:05:58 UTC68.1% – 69.1%lowered -0.6%
| Consolidated gross margins are expected to be in the range of: | 67.1% - 68.1% | 68.1% - 69.1% |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
2026-05-29 04:01:02 UTC68.5% – 69.5%maintained
We expect gross margin to be in the range of 68.5%-69.5%.
NTAP · transcript · Q4 FY2026
2026-05-29 04:00:00 UTCOpen source
2026-05-28 20:06:11 UTC68.5% – 69.5%new
| Consolidated gross margins are expected to be in the range of: | 67.5% - 68.5% | 68.5% - 69.5% |
NTAP · EX-99.1 · Q4 FY2026
2026-05-28 20:05:22 UTCOpen source
NTAPNetApp, Inc.Q2 FY2027 · ends 2026-10-30
1 metric1 maintainedearnings call · 2026-09-03 04:01:01 UTC
2026-09-03 04:01:01 UTC67% – 68%maintained
We expect gross margin to be in the range of 67%-68%, sequentially lower, primarily driven by higher product revenue mix as a percentage of total revenue.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:05:58 UTC67% – 68%new
| Consolidated gross margins are expected to be in the range of: | 66.0% - 67.0% | 67.0% - 68.0% |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
NTAPNetApp, Inc.FY2027 · ends 2027-04-30
1 metric1 maintainedearnings call · 2026-09-03 04:01:01 UTC
2026-09-03 04:01:01 UTC30.3% – 31.3%maintained
We are raising operating margin to be in the range of 30.3%-31.3%.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:05:58 UTC30.3% – 31.3%raised +4.1%
| Operating margins are expected to be in the range of: | 24.3% - 25.3% | 30.3% - 31.3% |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
2026-05-29 04:01:02 UTC29.1% – 30.1%maintained
We expect operating margin to be in the range of 29.1%-30.1%.
NTAP · transcript · Q4 FY2026
2026-05-29 04:00:00 UTCOpen source
2026-05-28 20:06:11 UTC29.1% – 30.1%new
| Operating margins are expected to be in the range of: | 22.1% - 23.1% | 29.1% - 30.1% |
NTAP · EX-99.1 · Q4 FY2026
2026-05-28 20:05:22 UTCOpen source
NTAPNetApp, Inc.Q2 FY2027 · ends 2026-10-30
1 metric1 maintainedearnings call · 2026-09-03 04:01:01 UTC
2026-09-03 04:01:01 UTC30.9% – 31.9%maintained
We expect operating margin to be in the range of 30.9%-31.9%.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-09-02 20:05:58 UTC30.9% – 31.9%new
| Operating margins are expected to be in the range of: | 24.9% - 25.9% | 30.9% - 31.9% |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
NTAPNetApp, Inc.FY2027 · ends 2027-04-30
1 metric1 raisedearnings call · 2026-09-03 04:01:01 UTC
2026-09-03 04:01:01 UTC$8B – $8.2Braised +8.7%
We now expect fiscal year 2027 revenue to be in the range of $7.975 billion-$8.225 billion.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
2026-05-29 04:01:02 UTC$7.3B – $7.6Bnew
On that basis, we expect fiscal year 2027 revenue to be in the range of $7.325 billion-$7.575 billion.
NTAP · transcript · Q4 FY2026
2026-05-29 04:00:00 UTCOpen source
NTAPNetApp, Inc.Q2 FY2027 · ends 2026-10-30
1 metric1 newearnings call · 2026-09-03 04:01:01 UTC
2026-09-03 04:01:01 UTC$2.1Bnew
We expect revenue to be $2.1 billion ± $75 million.
NTAP · transcript · Q1 FY2027
2026-09-03 04:00:00 UTCOpen source
NTAPNetApp, Inc.FY2027 · ends 2027-04-23
1 metric1 raisedearnings release · 2026-09-02 20:05:58 UTC
2026-09-02 20:05:58 UTC$7.35 – $7.65raised +12.6%15.6% – 20.3% vs FY2026
| Earnings per share is expected to be in the range of: | $7.35 - $7.65 | $9.73 - $10.03 |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
2026-05-28 20:06:11 UTC$6.51 – $6.81new
| Earnings per share is expected to be in the range of: | $6.51 - $6.81 | $8.70 - $9.00 |
NTAP · EX-99.1 · Q4 FY2026
2026-05-28 20:05:22 UTCOpen source
NTAPNetApp, Inc.Q2 FY2027 · ends 2026-10-23
1 metric1 newearnings release · 2026-09-02 20:05:58 UTC
2026-09-02 20:05:58 UTC$1.97 – $2.07new30.5% – 37.1% vs Q2 FY2026
| Earnings per share is expected to be in the range of: | $1.97 - $2.07 | $2.54 - $2.64 |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
NTAPNetApp, Inc.FY2027 · ends 2027-04-23
1 metric1 loweredearnings release · 2026-09-02 20:05:58 UTC
2026-09-02 20:05:58 UTC67.1% – 68.1%lowered -0.6%-364 bps – -264 bps vs FY2026
| Consolidated gross margins are expected to be in the range of: | 67.1% - 68.1% | 68.1% - 69.1% |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
2026-05-28 20:06:11 UTC67.5% – 68.5%new
| Consolidated gross margins are expected to be in the range of: | 67.5% - 68.5% | 68.5% - 69.5% |
NTAP · EX-99.1 · Q4 FY2026
2026-05-28 20:05:22 UTCOpen source
NTAPNetApp, Inc.Q2 FY2027 · ends 2026-10-23
1 metric1 newearnings release · 2026-09-02 20:05:58 UTC
2026-09-02 20:05:58 UTC66% – 67%new-596 bps – -496 bps vs Q2 FY2026
| Consolidated gross margins are expected to be in the range of: | 66.0% - 67.0% | 67.0% - 68.0% |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
NTAPNetApp, Inc.FY2027 · ends 2027-04-23
1 metric1 raisedearnings release · 2026-09-02 20:05:58 UTC
2026-09-02 20:05:58 UTC24.3% – 25.3%raised +9.7%-18 bps – 82 bps vs FY2026
| Operating margins are expected to be in the range of: | 24.3% - 25.3% | 30.3% - 31.3% |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
2026-05-28 20:06:11 UTC22.1% – 23.1%new
| Operating margins are expected to be in the range of: | 22.1% - 23.1% | 29.1% - 30.1% |
NTAP · EX-99.1 · Q4 FY2026
2026-05-28 20:05:22 UTCOpen source
NTAPNetApp, Inc.Q2 FY2027 · ends 2026-10-23
1 metric1 newearnings release · 2026-09-02 20:05:58 UTC
2026-09-02 20:05:58 UTC24.9% – 25.9%new150 bps – 250 bps vs Q2 FY2026
| Operating margins are expected to be in the range of: | 24.9% - 25.9% | 30.9% - 31.9% |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
NTAPNetApp, Inc.FY2027 · ends 2027-04-23
1 metric1 raisedearnings release · 2026-09-02 20:05:58 UTC
2026-09-02 20:05:58 UTC$8B – $8.2Braised +8.7%15.2% – 18.8% vs FY2026
| Net revenues are expected to be in the range of: | $7.975 billion - $8.225 billion | |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
2026-05-28 20:06:11 UTC$7.3B – $7.6Bnew
| Net revenues are expected to be in the range of: | $7.325 billion - $7.575 billion | |
NTAP · EX-99.1 · Q4 FY2026
2026-05-28 20:05:22 UTCOpen source
NTAPNetApp, Inc.Q2 FY2027 · ends 2026-10-23
1 metric1 newearnings release · 2026-09-02 20:05:58 UTC
2026-09-02 20:05:58 UTC$2B – $2.2Bnew18.8% – 27.6% vs Q2 FY2026
| Net revenues are expected to be in the range of: | $2.025 billion - $2.175 billion | |
NTAP · EX-99.1 · Q1 FY2027
2026-09-02 20:05:16 UTCOpen source
NTAPNetApp, Inc.FY2027 · ends 2027-04-23
2 metrics2 newearnings call · 2026-05-29 04:01:02 UTC
2026-05-29 04:01:02 UTCreduce share count by low single-digit percentage points year-over-yearnew-3% – -1% vs FY2026
We also expect to reduce share count by low single-digit percentage points year-over-year.
NTAP · transcript · Q4 FY2026
2026-05-29 04:00:00 UTCOpen source
2026-05-29 04:01:02 UTC20% – 21%new
For the full-year, we expect the effective tax rate to be in the range of 20%-21%.
NTAP · transcript · Q4 FY2026
2026-05-29 04:00:00 UTCOpen source