Sep. 9 at 4:53 PM
🚨
$NTAP — THE AI INFRASTRUCTURE STORY PEOPLE MAY STILL BE UNDERESTIMATING
NetApp just delivered its strongest Q1 EVER:
🔥 Revenue:
$2.03 BILLION — up 30% YoY
🔥 All-flash revenue:
$1.3B — up 47%
🔥 Public Cloud revenue:
$206M — up 28%
🔥 Billings:
$2.06B — up 36%
🔥 Adjusted EPS:
$2.58
🔥 FY27 revenue & EPS guidance RAISED significantly
And here’s what I think matters most:
AI isn’t just about GPUs.
AI needs DATA — massive amounts of it — stored, protected, moved and made available across private clouds, public clouds and AI infrastructure.
That is right in NetApp’s wheelhouse.
NetApp also acquired AI data-infrastructure company DataPelago and continues building out its AI Data Engine, AFX and enterprise data platform.
Meanwhile,
$NTAP closed Tuesday at
$189.13 after its THIRD consecutive positive session — still below its recent
$209.06 high.
The market has spent years chasing the obvious AI names. Now
$NTAP is ready to launch 🚀