Net profit surges 66% year-on-year and next quarter guidance exceeds expectations, but that's not enough! NetApp (NTAP.US) plummets after hours as investors focus on free cash flow and growth sustainability

According to information from Zhitong Finance APP, after the US market closed on September 2 (Eastern Time), US data storage and intelligent data infrastructure company NetApp (NTAP.US) released its financial report for the first quarter of fiscal year 2027. Despite several metrics hitting record highs and a significant upward revision of the full-year performance guidance, the company's stock price still plunged in after-hours trading, at one point falling nearly 9%. Investors focused on concerns such as the decline in free cash flow, the impact of one-off positive factors, and the possibility of a significant slowdown in growth during the second half of the year.