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NetApp Expects Healthy Cloud Spend and AI-Led Storage Demand Through 2028

NetApp logoNetApp
Sig1.62Sen+3.25Env0.00Soc0.00Gov0.00

Management expects cloud spending and AI-led storage demand to stay healthy, with most nearline capacity allocated through 2028 and customer commitments extending into 2029. Growth is forecast on Seagate’s HAMR roadmap, disciplined pricing, and manufacturing efficiencies, supporting revenue expansion, margin growth, and cash generation in fiscal 2027. Fiscal first-quarter revenue is expected at $4.1B (+/- $100M).

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