NetApp Sets Record All Flash Revenue

NetApp(NASDAQ:NTAP) reported fiscal first quarter 2026 results on August 27, 2025, with non-GAAP revenue of $1.56 billion, up 3% year-over-year excluding divestitures, and non-GAAP diluted EPS of $1.55. The company raised its long-term non-GAAP public cloud gross margin target to 80%-85%, highlighted rapid growth in AI wins, and delivered record all-flash array revenue. The following insights detail key business drivers and strategic updates from the call.All-flash array revenue reached $893 million in fiscal Q1 2026, a 5% year-over-year increase, and 45% of installed systems under active support are now all-flash. NetApp achieved the number one position in the all-flash array market for calendar Q1 2025, according to IDC, reflecting strong customer engagement and competitive displacement.This milestone demonstrates NetApp's ability to convert its large installed base to higher-value solutions, supporting margin expansion and reinforcing its leadership in a critical growth segment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool