NetApp reported net revenues of $1.56 billion for the first quarter of fiscal year 2026, with significant growth in key segments.
The company achieved the #1 market share position in all-flash storage for calendar Q1 2025, showing its dominance in the industry.
First-quarter billings reached $1.51 billion, marking the seventh consecutive quarter of year-over-year growth.
Market Leadership
NetApp attained the #1 market share position in all-flash storage, reflecting its strong competitive position.
Revenue Growth
All-flash array revenue grew by 6% year-over-year to $893 million, demonstrating sustained growth in this segment.
Cloud Services Expansion
First-party and marketplace Public Cloud storage services revenue increased by 33% year-over-year, showcasing the company's successful cloud strategy.
Financial Performance
Record first quarter cash provided by operations reached $673 million, highlighting the company's robust financial health and operational efficiency.
Capital Return
NetApp returned $404 million to stockholders through share repurchases and dividends, showcasing its commitment to delivering value to investors.
- NetApp's solid financial performance in the first quarter of fiscal year 2026 demonstrates its resilience and growth in a competitive market.
- The company's focus on innovative products and cloud services is driving revenue growth and market leadership.
- Record operating profits and strong cash flow indicate NetApp's operational excellence and financial stability.
NetApp's strong start to fiscal year 2026, with impressive revenue growth and market achievements, positions it well for future success in the data infrastructure industry.