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Red Flags Detected

  • New Risk Factor: Fixed Costs and Purchase Commitments Tied to Forecasted Demand (new) — The company added a risk factor highlighting difficulty reducing expenses or adjusting commitments if demand declines, and the risk of being locked into component prices above market.
  • New Risk Factor: Investment Timing and Returns (new) — The company added a risk factor noting significant investments in engineering, sales, and marketing may have costs recognized before benefits, with returns possibly lower or slower than expected.
  • New Risk Factor: Purchase Commitments and Inventory Risk (new) — The company added a risk factor about firm, non-cancelable purchase commitments that could lead to above-market inventory costs or excess/obsolete inventory if demand falls short.
NASDAQ: NTAP NetApp, Inc. 10-Q

NetApp Q1 FY27 revenue jumps 30.1% to $1.82B; net income up 60.9% to $375.0M

Filed September 2, 2026 · Period ending July 31, 2026 · Compared to 10-Q Aug 27, 2025 · ~1 min read

Key Changes

  • high

    Total revenue rose 30.1% to $1.82B, driven by 51% growth in product revenue to $987M on strong all-flash array demand and price increases.

    MD&A: Net revenues verify on EDGAR →
  • high

    Net income climbed 60.9% to $375.0M, with diluted EPS up 63.5% to $1.88.

    Key Financials view on EDGAR →
  • high

    Restructuring charges jumped to $56M from $2M as management approved a new plan to redirect resources and reduce costs, expected to be substantially complete by end of fiscal 2027.

    MD&A: Restructuring verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Sep 3, 2026 · How we verify