NetApp’s Public Cloud Revenue Grows in FY2026 on Hyperscaler Adoption
NetApp’s fiscal 2026 Public Cloud revenue rose to $182 million in Q4, up 11% year over year, and totaled $688 million for the year. First-party and marketplace cloud services grew 30% as customers adopted NetApp offerings across cloud environments. Gross margin reached 85.7% in Q4, and the FY2027 outlook expects continued momentum from enterprise IT demand and rising AI activity.