Core Insights - NetApp, Inc. (NTAP) reported strong second-quarter fiscal 2026 results, with non-GAAP earnings of $2.05 per share, exceeding estimates by 8.5% and increasing 9.6% year over year [1][9] - Revenues reached $1.71 billion, a 3% year-over-year increase, driven by demand for AI offerings and cloud storage services [2][9] Financial Performance - Non-GAAP gross margin was 72.6%, up 60 basis points from the prior year, while non-GAAP operating margin improved to 31.1% from 28.6% [12] - Total billings rose 4% year over year to $1.65 billion, with deferred revenues totaling $4.5 billion, an increase of 8.4% [11][13] Segment Performance - Revenues from the Hybrid Cloud segment increased 3% year over year to $1.5 billion, while the Public Cloud segment saw a 2% rise to $171 million [6] - Within the Hybrid Cloud segment, product revenues accounted for 51.4% and increased 2.6% year over year to $788 million [6] Outlook and Guidance - Management updated its fiscal 2026 outlook, expecting revenues between $6.625 billion and $6.875 billion, with non-GAAP EPS projected between $7.75 and $8.05 [3] - For the third quarter, revenues are anticipated to be in the range of $1.615 billion to $1.765 billion, with non-GAAP EPS expected between $2.01 and $2.11 [15] Shareholder Returns - The company returned $353 million to shareholders through dividends and share repurchases in the fiscal second quarter [14] - A dividend of 52 cents per share has been announced, payable on January 21, 2026 [14] Market Reaction - Following the earnings announcement, NTAP's shares rose 6% in pre-market trading, with a 6-month increase of 8.6% compared to the Computer Storage Devices industry's growth of 76.7% [4]

Core Insights - NetApp, Inc. reported strong second-quarter earnings, surpassing both revenue and earnings estimates, leading to a significant increase in stock price [1][2] Financial Performance - Quarterly earnings were $2.05 per share, exceeding the consensus estimate of $1.89 [2] - Quarterly revenue reached $1.71 billion, beating the Street estimate of $1.69 billion [2] Business Highlights - The revenue growth was attributed to high demand for AI solutions, first-party and marketplace cloud storage services, and all-flash offerings, as stated by CEO George Kurian [3] - All-flash array revenue grew 9% year-over-year to $1 billion, resulting in an annualized net revenue run rate of $4.1 billion [4] - Public Cloud revenue was $171 million, driven by first-party and marketplace storage services, which grew 32% year-over-year [4] - Billings for the quarter were $1.65 billion, reflecting a 4% year-over-year growth, marking the eighth consecutive quarter of growth [4] Future Outlook - The company raised its fiscal 2026 adjusted EPS guidance to a range of $7.75 to $8.05, while affirming its revenue guidance of $6.63 billion to $6.88 billion [4] - The stock price increased by 4.06% to $116.01 in extended trading following the earnings report [4]

As filed with the U.S. Securities and Exchange Commission on August 18, 2023 Registration No. 333-273704 Cayman Islands 4210 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) Shengfeng Building, No. 478 Fuxin East Road Jin'an District, Fuzhou City Fujian Province, People's Republic of China, 350001 +86-591-83672798 (Address, including zip code, and telephone number, including area cod ...

As filed with the U.S. Securities and Exchange Commission on August 4, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SHENGFENG DEVELOPMENT LIMITED (Exact name of registrant as specified in its charter) Cayman Islands 4210 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) Shengfeng Building, ...