NetApp raises outlook on sustained AI demand
A materially higher full-year outlook suggests AI-related infrastructure demand is extending beyond isolated projects into a broader spending cycle. Management also tied the strength to cloud-driven storage demand and modernization across adjacent workloads.
Strong demand and continued business momentum reinforce that confidence and support our increased outlook for the year. We are raising our fiscal year revenue and EPS guidance. We now expect fiscal year 2027 revenue to be in the range of $7.975 billion-$8.225 billion. At the $8.1 billion midpoint, this represents 17% year-over-year growth and an increase of $650 million compared to our prior guidance.
Who it touches
- NTAPbullish
Management raised FY2027 revenue guidance by $650 million, citing strong demand and business momentum.
- DELLbullish
Raised storage demand expectations indicate a favorable enterprise infrastructure spending environment.
- HPEbullish
Broad-based modernization and higher infrastructure spending support enterprise technology suppliers.
- VRTbullish
Sustained AI and cloud-driven infrastructure demand supports the broader data-center buildout ecosystem.
About this signal
- Company
- NetApp, Inc.
- Category
- guidance
- Call
- Q1 FY2027