NetApp Reports First Quarter of Fiscal Year 2027 Results

NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the first quarter of fiscal year 2027, which ended on July 31, 2026.

“NetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever,” said George Kurian, Chief Executive Officer. “Our momentum reflects not only the trust of existing customers but also our success in winning new ones, as organizations choose the NetApp Platform to power their AI and hybrid multi-cloud initiatives. Through continued innovation and strategic investments, we are enabling customers to address their most critical needs and creating lasting value for all stakeholders.”

First Quarter of Fiscal Year 2027 Business Highlights

Leading Product Innovation

• NetApp announced the release of StorageGRID 12.1, designed to help customers scale AI and other modern workloads with a federated global namespace, improving how data is accessed, processed, and managed across distributed environments to support AI data pipelines.
• NetApp announced new capabilities to NetApp Trident software 26.06 that helps Kubernetes platform teams scale workloads, while adding smarter volume placement, non-disruptive iSCSI volume rebalancing, expanded cloud support, and deeper integration for OpenShift Virtualization migrations.
• NetApp announced new data management capabilities optimized for Red Hat OpenShift that enable advanced levels of resilience and scale for virtualized environments, on-premises and in the cloud.
• NetApp announcedInstaclustr for Model Context Protocol (MCP) Gateway, a fully managed gateway service that connects Instaclustr managed data infrastructure to AI applications and agents.
• NetApp announced the general availability ofAzure NetApp Files support for large files up to 64 TiB on regular volumes to help remove the friction from large-scale migrations, de-risk VMware estate moves, and allow architects to design cleaner, more cost-effective solutions.
• NetApp announced the general availability ofAzure NetApp Files Object REST API to eliminate complex data pipelines and enable direct access to AI capabilities through standardized interfaces.
• NetApp introduced nconnect on Azure VMware Solution, increasing throughput and lowering effective latency under load without adding datastores or hosts.
• NetApp announced the general availability ofAzure NetApp Files migration assistant to accelerate and simplify migrations of business-critical applications and data to Azure.

Customer and Partner Momentum

• NetApp announced a collaboration with Cisco to offer new solutions for secure, scalable, and simplified AI, expanding on the success of FlexPod to support AI adoption across organizations.
• NetApp announced an expanded collaboration with Cisco to strengthen defense-in-depth strategies for customers with the new NetApp Splunk Security Orchestration, Automation, and Response (SOAR) playbook.
• NetApp announced a deepened global alliance with CGI where NetApp Keystone will power CGI’s block storage solutions within its shared services platform.
• NetApp and SK Telecom announced the completion of a joint proof of concept, using NetApp AFX systems with SK Telecom’s Petasus AI Cloud, demonstrating a solution that enables enterprises to scale AI infrastructure in virtualized environments while maintaining high performance.
• NetApp and Okestro signed a strategic partnership agreement to jointly develop integrated enterprise AI and disaster recovery infrastructure.
• NetApp announced a strategic partnership with Tata Consultancy Services to better help organizations discover, classify, and govern data across locations, reduce the impact of cyber-attacks, speed up recovery times, and provide insights on sensitive data locations and permissions.

Corporate News and Events

• NetApp announced its acquisition of DataPelago, Inc., to further enable computing where data is created and stored, accelerating demanding workloads while improving infrastructure efficiency at scale.

Personnel

• NetApp appointed Alvaro Celis as Chief Partner and Ecosystem Officer to lead partner ecosystems, modernize incentive programs, improve partner satisfaction, and drive growth.

Awards and Recognition

• NetApp CEO, George Kurian, was named toCRN’s 25 Most Influential Executives of 2026 list, emphasizing his leadership in data storage amid the age of cloud and AI.
• NetApp’s AI Data Engine was named as a finalist in CRN’s 2026 Tech Innovator Awards, noting its ability to transform massive unstructured data estates into always-fresh, AI-ready assets with enterprise-grade security, compliance, and operational efficiency.
• NetApp wasnamed a Leader in the Forrester Wave^TM: Object Storage Solutions, Q2 2026, showcasing our strong fit for large enterprises managing distributed, regulated object estates that want to balance governance and hybrid consistency against the need for AI-native storage services.
• NetApp was recognized in The Wall Street Journal’s 2026 Best Companies For The Future list, ranking 60 out of 500 organizations.
• NetApp was named as one of the Greatest Workplaces in America, California, and Tech for 2026 by Newsweek, receiving a five-star rating based on a comprehensive worker satisfaction study.
• NetApp was named to Time Magazine’s Best Companies of 2026 list, ranking 271 out of 1,000 organizations.
• NetApp was named as one of the Best Companies to Work For by U.S. News, highlighting its top work environment.

Constant Currency

In periods in which the impacts of foreign currency exchange rate changes are significant, NetApp presents certain constant currency growth rates or quantifies the impact of foreign currency exchange rate changes on year-over-year fluctuations, including for net revenues, billings, and earnings. This constant currency information assumes that the same foreign currency exchange rates that were in effect for the comparable prior-year period were used in translation of the current period results.