NetApp, Inc. — Form 8-K
Filed September 2, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
NetApp reported Q1 FY2027 net revenues of $2.025 billion (up 30% YoY from $1.559B), GAAP EPS of $1.88 (vs. $1.15), and non-GAAP EPS of $2.58 (vs. $1.55). All-flash array revenues hit record $1.3 billion (+47% YoY); Public Cloud revenues $206 million (+28% YoY). Company raised full-year FY2027 guidance to $7.975–$8.225B revenue and $9.73–$10.03 non-GAAP EPS. Acquired DataPelago Inc. for AI data infrastructure (~$78M in cash). Billings grew 36% to $2.057B; non-GAAP operating margin 31.9%.
Why this rating
Strong YoY growth (30% revenue, 66% EPS) across core segments; raised FY27 guidance substantially; acquisition adds AI capability. Relative to $17.1B market cap, $466M revenue beat and margin expansion are material. Free cash flow declined 35% YoY (operational deleverage); minor offset.
Tradability signal
SHORT
conviction 20/100 · expected -0.51% over 4 hrs
SHORT (fade the pop): stock already ran +5.1% on this news, and positive calls in this cell have historically given the pop back (-1.94% over 4 hrs, n=9). Reversion play, lower conviction by design. Exit plan: HARD stop 8% against entry — 1.4× this stock's measured hourly volatility, fixed, not trailing (trails test terribly on these names) — time exit 4 hrs.
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it positive)
before filing · preread $172.00 ▼ 4.85% | at our read · unknown $180.77 | +10 min · unknown $180.77 ▲ 0.00% | +30 min · unknown $180.77 ▲ 0.00% | +1 hr pending | +4 hrs pending |
The stock had already moved +5.10% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; sessions other than regular hours are labeled. Not investment advice. How accurate are our calls? →
See more from September 2, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.