Filing Flows › Netscout Systems (NTCT) › Q1 FY27 › vs Q1 FY26
Netscout Systems (NTCT) Q1 FY27 vs Q1 FY26 (year over year)
Netscout Systems's revenue rose $23.7M (+13%) from $187M in Q1 FY26 to $210M in Q1 FY27. The biggest changes: Product +$13.0M (+18%); Service +$10.7M (+9%). Gross margin 78.9% against 76.7% (+2.1 pts).
Netscout Systems, Q1 FY27: revenue $210M (+13% year over year), operating margin 6.9%, net earnings $21.8M, operating cash flow $50.8M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 78.9% | 76.7% | +2.1 pts |
| Operating margin | 6.9% | -3.5% | +10.4 pts |
| Net margin | 10.4% | -2.0% | +12.3 pts |
| Free cash flow margin | 22.5% | 38.4% | -15.9 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Service | $124M | $114M | $10.7M | +9% |
| Product | $86.0M | $73.0M | $13.0M | +18% |
| Revenue | $210M | $187M | $23.7M | +13% |
| Gross profit | $166M | $143M | $22.6M | +16% |
| Cost of revenue | $44.5M | $43.4M | $1.1M | +2% |
| Other income, net | $4.5M | $3.7M | $745K | +20% |
| Operating profit | $14.5M | −$6.6M | $21.0M | — |
| Operating expenses | $151M | $150M | $1.6M | +1% |
| Pre-tax earnings | $19.0M | −$2.8M | $21.8M | — |
| Research & development | $42.4M | $39.8M | $2.6M | +6% |
| Sales & marketing | $72.8M | $70.6M | $2.2M | +3% |
| General & admin | $25.7M | $27.9M | −$2.1M | -8% |
| Other operating costs | $10.6M | $11.6M | −$1.0M | -9% |
| Income tax benefit | $2.9M | −$851K | $3.7M | — |
| Net earnings | $21.8M | −$3.7M | $25.5M | — |
| Depreciation & amortization | $14.4M | $14.5M | −$19K | -0.1% |
| Share-based compensation | $18.0M | $20.0M | −$2.0M | -10% |
| Working capital & other | $3.5M | −$42.8M | $46.3M | — |
| Operating cash flow | $50.8M | $73.6M | −$22.8M | -31% |
| Free cash flow (OCF − capex) | $47.3M | $71.7M | −$24.4M | -34% |
| Capital expenditures | $3.5M | $1.9M | $1.6M | +86% |
Questions
How much did Netscout Systems's revenue grow year over year in Q1 FY27?
Netscout Systems's revenue rose $23.7M (+13%) from $187M in Q1 FY26 to $210M in Q1 FY27.
What drove Netscout Systems's revenue change in Q1 FY27?
Product +$13.0M (+18%); Service +$10.7M (+9%).