NetApp(NASDAQ) NTAP

NetApp, Inc. helps companies store and organize digital information. It makes tools to access data across servers and the internet. These services keep files safe and easy for employees to find.

Data Management and Cloud Services

• Hybrid Cloud: Systems for private server data management; provided 49% of net revenues in the first quarter of fiscal 2027.
• Services: Support and consulting for data systems; comprised 51% of net revenues in the first quarter of fiscal 2027.
• Public Cloud: Software tools delivered through internet providers; revenues in this category grew 28% year over year.
• All-Flash Systems: High-speed hardware using flash memory; provided 72% of Hybrid Cloud net revenues in the first quarter of fiscal 2027.

Recent Moves and Acquisitions

• Acquired DataPelago, Inc. on July 16, 2026, to improve data processing for artificial intelligence and analytics.
• Launched a restructuring plan in the first quarter of fiscal 2027 to lower costs and focus on high-return activities.
• Raised prices in the fourth quarter of fiscal 2026 and start of fiscal 2027 to offset rising component costs.
• Authorized an additional $1.0 billion for common stock repurchases on May 21, 2026.

What Sets NetApp Apart?

NetApp serves customers in approximately 150 countries through direct sales and a network of partners. Deep integration with major cloud providers allows customers to manage data across multiple environments.

How the Numbers Stack Up

• Net revenues reached $2.0 billion in the first quarter of fiscal 2027, up 30% year over year.
• Net income hit $375 million in the first quarter of fiscal 2027, up from $233 million in the prior year.
• The company held $3.6 billion in cash and short-term investments as of July 31, 2026.
• Operating activities provided $503 million in cash during the three months ended July 31, 2026.
• Common stock repurchases totaled $200 million in the three-month period ended July 31, 2026.

Bottom Line

NetApp has transitioned from a hardware provider to a software-led data management specialist. Its focus on cloud integration and flash storage allows it to serve modern business needs across varied digital environments.