Financial Performance - NetApp achieved Q1 FY26 revenue of $1.56 billion, a 1.2% year-over-year increase[44] - Billings for Q1 FY26 reached $1.51 billion, representing a 4.3% year-over-year growth[44] - The company's Q1 FY26 Non-GAAP gross margin was 71.1%, a decrease of 110 bps year-over-year[44] - Non-GAAP earnings per share for Q1 FY26 were $1.55, a 0.6% decrease year-over-year[44] - NetApp's Q1 FY26 free cash flow was $620 million, resulting in a free cash flow margin of 39.8%[43, 44] Segment Performance - Public Cloud Services gross margin long-term target range raised to 80%-85%[43] - Public Cloud Segment Net Revenues is $161 million[84] - Hybrid Cloud Segment Net Revenues is $1.398 billion[84] Future Outlook - NetApp reaffirmed its FY26 revenue guidance of $6.625 billion to $6.875 billion[82] - The company projects a Non-GAAP gross margin of 71% to 72% and a Non-GAAP operating margin of 28.8% to 29.8% for FY26[82]

FY25 Performance Highlights - Total revenue reached $6.6 billion, a 5% year-over-year increase[45] - All Flash revenue amounted to $4.1 billion, demonstrating a 14% year-over-year growth[45] - Cloud Storage revenue experienced substantial growth, reaching $416 million, a 43% year-over-year increase[47] - Keystone TCV sales achieved $224 million, marking a 54% year-over-year growth[45] - The company's EPS reached $7.25, reflecting a 12% year-over-year increase[47] Q4 FY25 Financial Summary - Revenue for Q4 FY25 was $1.73 billion, a 3.8% year-over-year increase compared to the guidance of $1.65 billion - $1.80 billion[51] - Billings for Q4 FY25 reached $2.03 billion, a 12% year-over-year increase[51] - Non-GAAP gross margin was 69.5%, a decrease of 200 bps year-over-year[51] - Non-GAAP operating margin was 28.6%, an increase of 50 bps year-over-year[51] - Non-GAAP earnings per share (EPS) was $1.93, a 7.2% year-over-year increase compared to the guidance of $1.84 - $1.94[51]