NetApp Reports Q1 Earnings, Shares Fall Despite 'Solid Start' To Year

NetApp Inc (NASDAQ:NTAP) reported financial results for the first quarter of fiscal 2026 on Wednesday after the bell. Here’s a look at the key metrics from the period.

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Q1 Highlights: NetApp reported first-quarter revenue of $1.56 billion, beating analyst estimates of $1.55 billion, according to Benzinga Pro. The data infrastructure company reported first-quarter adjusted earnings of $1.55 per share, beating estimates of $1.54 per share.

Total revenue was up 1% year-over-year. Billings grew 4% year-over-year to $1.51 billion. The company ...