Key Highlights

  • NetApp’s $0.52 quarterly Dividend trades ex-dividend October 9, 2026, with payment on October 28 to shareholders of record.
  • First-quarter fiscal 2027 net revenues were $2,025 million, up 30%, with billings of $2,057 million, up 36%.
  • GAAP EPS was $1.88, up 63%, and non-GAAP EPS was $2.58, up 66%, with all-flash array Revenue of $1.3 billion.
  • The company repurchased 1.5 million shares for $200 million, paid $102 million in dividends, and closed the DataPelago acquisition.

NetApp, Inc. (NASDAQ:NTAP) declared a quarterly dividend of $0.52 per share, a Yield of 0.88%, payable October 28 to shareholders of record on October 9, 2026. The $0.52 amount equals 27.7% of first-quarter GAAP EPS of $1.88 and 20.2% of non-GAAP EPS of $2.58. Net revenues were $2,025 million.

Dividend Program and Shareholder Returns

The company declared the $0.52 dividend on August 27, 2026, payable October 28 to shareholders of record as of the close of Business on October 9. The shares trade ex-dividend on October 9.

In the quarter ended July 31, 2026, NetApp repurchased 1.5 million shares at an average price of $133.32, a cash outflow of $200 million, and paid $102 million in dividends. The $0.52 quarterly amount equals $2.08 on an annualized basis, a computed figure. Each dividend remains subject to board approval.

About the Company

NetApp, Inc. is a data infrastructure company reporting Hybrid Cloud and Public Cloud revenue. In the first quarter, Hybrid Cloud net revenue was $1,819 million, up 30%, and Public Cloud net revenue was $206 million, up 28%. The company acquired DataPelago, Inc., an AI data infrastructure company, which closed on July 16, 2026.

First-Quarter Revenue, Margin and Earnings

Net revenues were $2,025 million, up 30%, and billings were $2,057 million, up 36%. Gross Profit was $1,419 million on a GAAP basis, up 29%, and $1,429 million non-GAAP. The computed GAAP gross margin is about 70.1%.

GAAP Operating Margin was 23.9% and non-GAAP operating margin was 31.9%. GAAP EPS was $1.88, up 63%, and non-GAAP EPS was $2.58, up 66%. Net cash from operations was $503 million, down 25%, and free Cash Flow was $401 million, down 35%.

Restructuring and the DataPelago Acquisition

The company recorded $56 million of restructuring charges in the quarter, mainly severance-related costs. The DataPelago purchase price was $193 million, with $87 million paid in cash at closing and $106 million of contingent consideration recorded in accrued expenses.

Fiscal 2027 Outlook and Capital Relationships

For fiscal 2027, the company guided net revenues to $7.975 billion to $8.225 billion, GAAP EPS to $7.35 to $7.65, and non-GAAP EPS to $9.73 to $10.03. GAAP operating margin is guided to 24.3% to 25.3% and non-GAAP to 30.3% to 31.3%.

For the second quarter, net revenues are guided to $2.025 billion to $2.175 billion, with GAAP EPS of $1.97 to $2.07 and non-GAAP EPS of $2.54 to $2.64. The midpoint of the net revenue range is $2.100 billion, a computed figure. The $2.08 annualized dividend equals 20.7% to 21.4% of non-GAAP full-year EPS guidance, computed from the high and low ends.

First-quarter repurchases and dividends of $302 million equal 75.3% of $401 million of free cash flow, a computed ratio. Hybrid Cloud equals 89.8% of net revenues and Public Cloud equals 10.2%, while all-flash array revenue equals about 64.2%. Billings exceeded net revenues by $32 million, and Operating Cash Flow exceeded free cash flow by $102 million, both computed.

Outlook

NetApp’s $0.52 quarterly dividend is payable October 28 to shareholders of record on October 9, 2026. The $9.73 to $10.03 non-GAAP EPS guidance, the 35% decline in free cash flow, the $56 million of restructuring charges, and the $106 million of DataPelago contingent consideration are the relevant considerations.