NetApp Warns Gross Margin Will Fall In The Second Quarter
NetApp beats Q1 estimates with 30% revenue growth and raises its full-year outlook, driven by strong AI demand and flash array adoption.
NetApp sold more stuff than expected this quarter because people want AI and fancy storage tech, but they're warning that their profit-per-dollar will shrink next quarter. When a company warns about lower profits ahead, it's worth watching to see if it's temporary or a real problem.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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