NetApp Inc Reports Q1 2026 Earnings
NetApp Inc’s stock price declined following the release of its Q1 2026 earnings report. The company’s revenue exceeded expectations, but a cautious outlook for Q2 led to a drop in shares.
Key Financial Highlights
- Revenue exceeded expectations
- All-flash array revenue rose 6% to secure top market share
- Public cloud services grew 33% year-over-year
- Record cash flow from operations and free cash flow
Analyst Views
Analysts have weighed in with mixed views on NetApp’s Q1 2026 earnings report. Some have expressed concerns over federal business, while others have highlighted the potential for AI growth.
Revenue Breakdown
- All-flash array revenue: 6% increase
- Public cloud services: 33% year-over-year growth
- Other revenue streams: to be disclosed in future reports
Cash Flow Performance
NetApp’s record cash flow from operations and free cash flow have been noted as positives. This performance is expected to be a key focus area for the company in the coming quarters.