NetApp Studies Q1 Earnings, Shares Fall Regardless of ‘Strong Begin’ To 12 months – NetApp (NASDAQ:NTAP)

NetApp Inc NTAP reported monetary outcomes for the primary quarter of fiscal 2026 on Wednesday after the bell. Right here’s a have a look at the important thing metrics from the interval.

NTAP shares are down after-hours. See what’s occurring right here.

Q1 Highlights: NetApp reported first-quarter income of $1.56 billion, beating analyst estimates of $1.55 billion, based on Benzinga Professional. The info infrastructure firm reported first-quarter adjusted earnings of $1.55 per share, beating estimates of $1.54 per share.

Complete income was up 1% year-over-year. Billings grew 4% year-over-year to $1.51 billion. The corporate generated $673 million in money from operations and $620 million of free money circulate in the course of the quarter.

NetApp ended the interval with $3.32 billion in complete money and money equivalents.

“We delivered a stable begin to fiscal 12 months 2026 as organizations are more and more selecting NetApp to construct future-proof AI-ready information infrastructure. By serving to clients modernize with cutting-edge and cyber-resilient storage options, we’ve got taken the lead place within the all-flash market,” stated George Kurian, CEO of NetApp.

What’s Subsequent: NetApp stated it would pay its subsequent money dividend of 52 cents per share on Oct. 22 to shareholders of document as of Oct. 3.

The corporate guided for second-quarter income of $1.62 billion to $1.77 billion. NetApp expects second-quarter earnings to be within the vary of $1.84 to $1.94 per share.

The corporate additionally guided for full-year income of $6.63 billion to $6.88 billion and adjusted earnings of $7.60 to $7.90 per share.

NetApp executives will additional talk about the quarter on an earnings name set for five:30 p.m. ET.

NTAP Worth Motion: NetApp shares have been down 5.79% in after-hours, buying and selling at $105.30 on the time of publication on Wednesday, based on Benzinga Professional.

Learn Subsequent:

Picture: Shutterstock.