8-K   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 02, 2026     NetApp, Inc. (Exact name of Registrant as Specified in Its Charter)     Delaware 0-27130 77-0307520 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           3060 Olsen Drive   San Jose , California   95128 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: (408) 822-6000     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.001 Par Value   NTAP   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 2.02 Results of Operations and Financial Condition. On September 2, 2026, NetApp, Inc. ("NetApp" or the "Company") issued a press release reporting financial results for the first quarter ended July 31, 2026. The press release is furnished herewith as Exhibit 99.1, to this Current Report.   NetApp is making reference to non-GAAP financial information in both the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.   The information contained herein and in the accompanying exhibits shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing. The information in this report, including the exhibits hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description         99.1 Press release, dated September 2, 2026, reporting earnings for the first quarter ended July 31, 2026 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       NETAPP, INC. (Registrant)         Date: September 2, 2026 By: /s/ Elizabeth O'Callahan       Elizabeth O'Callahan Executive Vice President, Chief Administrative Officer EX-99.1 2 ntap-ex99_1.htm EX-99.1 EX-99.1   Exhibit 99.1   NetApp Reports First Quarter of Fiscal Year 2027 Results Delivers record quarterly net revenues of $2.03 billion, an increase of 30% year-over-year; First quarter GAAP earnings per share of $1.88; record non-GAAP earnings per share of $2.58; Significantly raised fiscal year 2027 revenue and earnings per share guidance     News Summary   • Record all-flash array net revenue of $1.3 billion for the first quarter of fiscal year 2027, an increase of 47% year-over-year • Record Public Cloud net revenue of $206 million for the first quarter of fiscal year 2027, an increase of 28% year-over-year • Billings of $2.06 billion for the first quarter of fiscal year 2027, an increase of 36% year-over-year • First quarter GAAP operating margin of 23.9%; first quarter non-GAAP operating margin of 31.9% • Acquired DataPelago, Inc., an AI data infrastructure company, to help customers simplify and accelerate AI deployment at scale     SAN JOSE, Calif.—September 2, 2026— NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the first quarter of fiscal year 2027, which ended on July 31, 2026.   “NetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever,” said George Kurian, Chief Executive Officer. “Our momentum reflects not only the trust of existing customers but also our success in winning new ones, as organizations choose the NetApp Platform to power their AI and hybrid multi-cloud initiatives. Through continued innovation and strategic investments, we are enabling customers to address their most critical needs and creating lasting value for all stakeholders.”     First Quarter of Fiscal Year 2027 Financial Results ($ in millions, except earnings per share)   GAAP Results         Q1 FY27     Q1 FY26     % Change     Net revenues   $ 2,025     $ 1,559       30 %   Hybrid Cloud segment revenues   $ 1,819     $ 1,398       30 %   Public Cloud segment revenues   $ 206     $ 161       28 %   Gross profit   $ 1,419     $ 1,098       29 %   Net income   $ 375     $ 233       61 %   Earnings per share   $ 1.88     $ 1.15       63 %   Net cash provided by operating activities   $ 503     $ 673       (25 )%         Non-GAAP Results         Q1 FY27     Q1 FY26     % Change     Billings   $ 2,057     $ 1,511       36 %   Net revenues   $ 2,025     $ 1,559       30 %   Hybrid Cloud segment revenues   $ 1,819     $ 1,398       30 %   Public Cloud segment revenues   $ 206     $ 161       28 %   Gross profit   $ 1,429     $ 1,108       29 %   Net income   $ 515     $ 314       64 %   Earnings per share   $ 2.58     $ 1.55       66 %   Free cash flow   $ 401     $ 620       (35 )%                         Full reconciliations between GAAP and non-GAAP measures, and explanations related to the usage of non-GAAP measures, are provided below.     Second Quarter of Fiscal Year 2027 Financial Outlook   The Company provided the following financial guidance for the second quarter of fiscal year 2027:         Net revenues are expected to be in the range of: $2.025 billion - $2.175 billion   GAAP   Non-GAAP Consolidated gross margins are expected to be in the range of: 66.0% - 67.0%   67.0% - 68.0% Operating margins are expected to be in the range of: 24.9% - 25.9%   30.9% - 31.9% Earnings per share is expected to be in the range of: $1.97 - $2.07   $2.54 - $2.64     Full Fiscal Year 2027 Financial Outlook   The Company provided the following financial guidance for the full fiscal year 2027:             Net revenues are expected to be in the range of: $7.975 billion - $8.225 billion   GAAP   Non-GAAP Consolidated gross margins are expected to be in the range of: 67.1% - 68.1%   68.1% - 69.1% Operating margins are expected to be in the range of: 24.3% - 25.3%   30.3% - 31.3% Earnings per share is expected to be in the range of: $7.35 - $7.65   $9.73 - $10.03     Dividend   The next cash dividend of $0.52 per share is to be paid on October 28, 2026, to stockholders of record as of the close of business on October 9, 2026.         First Quarter of Fiscal Year 2027 Business Highlights    Leading Product Innovation     • NetApp announced the release of StorageGRID 12.1 , designed to help customers scale AI and other modern workloads with a federated global namespace, improving how data is accessed, processed, and managed across distributed environments to support AI data pipelines. • NetApp announced new capabilities to NetApp Trident software 26.06 that helps Kubernetes platform teams scale workloads, while adding smarter volume placement, non-disruptive iSCSI volume rebalancing, expanded cloud support, and deeper integration for OpenShift Virtualization migrations. • NetApp announced new data management capabilities optimized for Red Hat OpenShift that enable advanced levels of resilience and scale for virtualized environments, on-premises and in the cloud. • NetApp announced Instaclustr for Model Context Protocol (MCP) Gateway , a fully managed gateway service that connects Instaclustr managed data infrastructure to AI applications and agents. • NetApp announced the general availability of Azure NetApp Files support for large files up to 64 TiB on regular volumes to help remove the friction from large-scale migrations, de-risk VMware estate moves, and allow architects to design cleaner, more cost-effective solutions. • NetApp announced the general availability of Azure NetApp Files Object REST API to eliminate complex data pipelines and enable direct access to AI capabilities through standardized interfaces. • NetApp introduced nconnect on Azure VMware Solution , increasing throughput and lowering effective latency under load without adding datastores or hosts. • NetApp announced the general availability of Azure NetApp Files migration assistant to accelerate and simplify migrations of business-critical applications and data to Azure.   Customer and Partner Momentum   • NetApp announced a collaboration with Cisco to offer new solutions for secure, scalable, and simplified AI, expanding on the success of FlexPod to support AI adoption across organizations. • NetApp announced an expanded collaboration with Cisco to strengthen defense-in-depth strategies for customers with the new NetApp Splunk Security Orchestration, Automation, and Response (SOAR) playbook. • NetApp announced a deepened global alliance with CGI where NetApp Keystone will power CGI’s block storage solutions within its shared services platform. • NetApp and SK Telecom announced the completion of a joint proof of concept, using NetApp AFX systems with SK Telecom’s Petasus AI Cloud, demonstrating a solution that enables enterprises to scale AI infrastructure in virtualized environments while maintaining high performance. • NetApp and Okestro signed a strategic partnership agreement to jointly develop integrated enterprise AI and disaster recovery infrastructure. • NetApp announced a strategic partnership with Tata Consultancy Services to better help organizations discover, classify, and govern data across locations, reduce the impact of cyber-attacks, speed up recovery times, and provide insights on sensitive data locations and permissions. Corporate News and Events     • NetApp announced its acquisition of DataPelago, Inc., to further enable computing where data is created and stored, accelerating demanding workloads while improving infrastructure efficiency at scale.       Personnel   • NetApp appointed Alvaro Celis as Chief Partner and Ecosystem Officer to lead partner ecosystems, modernize incentive programs, improve partner satisfaction, and drive growth.   Awards and Recognition     • NetApp CEO, George Kurian, was named to CRN ’s 25 Most Influential Executives of 2026 list , emphasizing his leadership in data storage amid the age of cloud and AI. • NetApp’s AI Data Engine was named as a finalist in CRN ’s 2026 Tech Innovator Awards , noting its ability to transform massive unstructured data estates into always-fresh, AI-ready assets with enterprise-grade security, compliance, and operational efficiency. • NetApp was named a Leader in the Forrester Wave TM : Object Storage Solutions, Q2 2026 , showcasing our strong fit for large enterprises managing distributed, regulated object estates that want to balance governance and hybrid consistency against the need for AI-native storage services. • NetApp was recognized in The Wall Street Journal ’s 2026 Best Companies For The Future list , ranking 60 out of 500 organizations. • NetApp was named as one of the Greatest Workplaces in America, California, and Tech for 2026 by Newsweek , receiving a five-star rating based on a comprehensive worker satisfaction study. • NetApp was named to Time Magazine ’s Best Companies of 2026 list, ranking 271 out of 1,000 organizations. • NetApp was named as one of the Best Companies to Work For by U.S. News , highlighting its top work environment.     Webcast and Conference Call Information   NetApp will host a conference call to discuss these results today at 2:30 p.m. Pacific Time. To access the live webcast of this event, go to the NetApp Investor Relations website at investors.netapp.com . In addition, this press release and other information related to the call will be posted on the Investor Relations website. An audio replay will be available on the website after 4:30 p.m. Pacific Time today. NetApp uses its website as a tool to disclose important information about NetApp and comply with its disclosure obligations under Regulation Fair Disclosure.   “Safe Harbor” Statement Under U.S. Private Securities Litigation Reform Act of 1995   This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, all of the statements made in the Second Quarter of Fiscal Year 2027 Financial Outlook section and the Full Fiscal Year 2027 Financial Outlook section, and statements about our business, economic and market outlook, financial guidance, our overall future prospects, expected benefits from our acquisitions and partnerships, demand for our AI solutions and other offerings, our ability to provide our customers secure, high-performance access to their data, our ability to maintain our operating margins, our ability to sustain growth, our platform and offerings, and our ability to capitalize on opportunities and deliver increasing results and value for our stakeholders.     Actual results may differ materially from these statements for a variety of reasons, including, without limitation, our ability to keep pace with the rapid industry, technological and market trends and changes in the markets in which we operate; our ability to execute our evolved cloud strategy and introduce and gain market acceptance for our products and services; our ability to maintain our customer, partner, supplier and contract manufacturer relationships on favorable terms and conditions; global political, macroeconomic and market conditions, including inflation, fluctuating interest rates, tariffs, changes in trade policy, regulations, monetary policy shifts, recession risks, and foreign exchange volatility and the resulting impact on demand for our products; the impact of new or ongoing geopolitical conflicts and sanctions; adoption or changes to laws, regulations, standards, or policies affecting our operations, products, services, the storage industry, or AI usage; material cybersecurity and other security breaches; the impact of supply chain disruptions on our business operations, financial performance and results of operations; changes and related uncertainty in U.S. government spending or policy, including due to prolonged federal government shutdowns; changes in overall technology spending by our customers; revenue seasonality; changes in laws or regulations, including those relating to privacy, data protection and information security; the timing of orders and their fulfillment; and our ability to manage our gross profit margins, including managing component costs. These and other equally important factors are described in reports and documents we file from time to time with the Securities and Exchange Commission, including the factors described under the sections titled “Risk Factors” in our most recently filed annual report on Form 10-K and quarterly report on Form 10-Q. All statements made in this release are made only as of the date set forth at the beginning of this release. We disclaim any obligation to update information contained in this press release, whether as a result of new information, future events, or otherwise.   NetApp Usage of Non-GAAP Financial Information   To supplement NetApp’s condensed consolidated financial statement information presented in accordance with generally accepted accounting principles in the United States (GAAP), NetApp provides investors with certain non-GAAP measures, including, but not limited to, historical non-GAAP gross margins, non-GAAP gross profit, non-GAAP operating income, non-GAAP operating margins, non-GAAP net income, non-GAAP effective tax rate, free cash flow, billings, and historical and projected non-GAAP earnings per share.   NetApp believes that the presentation of its non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations. Non-GAAP financial measures are used to: (1) measure company performance against historical results, (2) facilitate comparisons to our competitors’ operating results, and (3) allow greater transparency with respect to information used by management in financial and operational decision making.   NetApp believes that the presentation of non-GAAP gross margins, non-GAAP gross profit, non-GAAP operating income, non-GAAP operating margins, non-GAAP effective tax rate, non-GAAP net income, and non-GAAP earnings per share data provides investors with supplemental metrics that assist in understanding current results and future prospects, earnings and profitability that are complementary to GAAP metrics. Each of these non-GAAP metrics is defined as the applicable GAAP metric adjusted to exclude the items defined in A through I below, as applicable, while our non-GAAP effective tax rate and non-GAAP net income also reflect a non-GAAP tax provision, as described in item J below, instead of our GAAP tax provision. GAAP earnings per share and non-GAAP earnings per share are calculated using the net income divided by the diluted number of shares for the applicable period.     NetApp believes that the presentation of free cash flow, which it defines as the net cash provided by operating activities less cash used to acquire property and equipment, to be a liquidity measure that provides useful information to investors and management because it reflects cash that can be used to, among other things, invest in its business, make strategic acquisitions, repurchase common stock, and pay dividends on its common stock. As free cash flow is not a measure of liquidity calculated in accordance with GAAP, free cash flow should be considered in addition to, but not as a substitute for, the analysis provided in the statement of cash flows.   NetApp approximates billings by adding net revenues as reported on our Condensed Consolidated Statements of Operations for the period to the change in total deferred revenue as reported on our Condensed Consolidated Statements of Cash Flows for the same period. Billings is a performance measure that NetApp believes provides useful information to investors and management because it approximates the amounts under purchase orders received by us during a given period that have been billed.   NetApp excludes the following items from its non-GAAP measures when applicable:   A. Amortization of intangible assets. NetApp records amortization of i