NetApp Beat Estimates and Raised Guidance. Cash Flow Still Sent the Stock Lower.
NetApp posted record $2.03B revenue and raised FY27 guidance, but free cash flow fell 35% on an inventory build.
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Morgan Stanley Turns More Positive on IT Hardware, Upgrades HPE and NetApp
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Record Quarter for NetApp: $1.95B Revenue Beat + Raised FY2027 Forecast
NetApp beat earnings, grew revenue, boosted cloud & AI products, and raised strong 2027 outlook above expectations.
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