NetApp reported first quarter fiscal year 2027 results ending July 31, 2026, delivering record quarterly net revenues of $2.03 billion, a 30% increase year-over-year. GAAP earnings per share reached $1.88, while non-GAAP earnings per share were $2.58. The company significantly raised its fiscal year 2027 revenue and earnings per share guidance. NetApp also announced the acquisition of DataPelago, an AI data infrastructure company, and appointed Alvaro Celis as Chief Partner and Ecosystem Officer. NetApp operates in the technology industry, providing intelligent data infrastructure solutions including storage systems and cloud services.