NetApp grows earnings as it transforms into an AI data infrastructure company
NTAP Netapp Inc
$231.05 -2.00%
View chart & analysis → - 1NetApp signed approximately 350 AI and data lake contracts.
- 2NetApp's adjusted net income per share of $2.58 for Q1 FY2027 beat the Zacks consensus estimate of $2.13 by 21.1%.
- 3Management raised the full-year FY2027 revenue guidance to a range of $7.975 billion to $8.225 billion.
So what's the key point?
NetApp earned more money than experts expected by securing many artificial intelligence-related contracts. The company also raised its forecast for total future revenue.
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