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AI brief of an SEC Form 8-K · NetApp (NTAP)

NetApp Q1 Revenue Rises 1% to $1.56 Billion; Net Income Falls 6%

Mixed Impact 3 of 5 earnings Written later

NetApp reported first-quarter fiscal 2026 results ended July 25, 2025, with net revenues up 1% to $1.56 billion and GAAP net income down 6% to $233 million. The company also issued second-quarter and full-year fiscal 2026 revenue guidance above the prior-year quarter's level, with GAAP EPS guidance for the second quarter of $1.35 to $1.45.

Key points

  • Net revenues were $1.559 billion, up from $1.541 billion; GAAP net income was $233 million versus $248 million; GAAP diluted EPS was $1.15 versus $1.17.
  • Billings grew 4% to $1.511 billion; cash provided by operations was $673 million versus $341 million.
  • Q2 fiscal 2026 net revenue guidance is $1.615 billion to $1.765 billion; full-year guidance is $6.625 billion to $6.875 billion, with full-year GAAP EPS of $5.72 to $6.02.
  • Next quarterly dividend is $0.52 per share, payable October 22, 2025, to holders of record on October 3, 2025.

The filing

CompanyNetApp (NTAP)
Form8-K, current report
Filed with the SECAug 27, 2025, 4:05 PM ET
Accession number0000950170-25-111700

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.