Filing Flows › Netscout Systems (NTCT) › Q1 FY27 › vs Q4 FY26
Netscout Systems (NTCT) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Netscout Systems's revenue rose $7.4M (+4%) from $203M in Q4 FY26 to $210M in Q1 FY27. The biggest changes: Product +$5.3M (+7%); Service +$2.1M (+2%). Gross margin 78.9% against 78.4% (+0.5 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 78.9% | 78.4% | +0.5 pts |
| Operating margin | 6.9% | 9.6% | -2.8 pts |
| Net margin | 10.4% | 9.0% | +1.4 pts |
| Free cash flow margin | 22.5% | 73.9% | -51.4 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Service | $124M | $122M | $2.1M | +2% |
| Product | $86.0M | $80.7M | $5.3M | +7% |
| Revenue | $210M | $203M | $7.4M | +4% |
| Gross profit | $166M | $159M | $6.8M | +4% |
| Cost of revenue | $44.5M | $43.9M | $563K | +1% |
| Other income, net | $4.5M | $3.8M | $723K | +19% |
| Operating profit | $14.5M | $19.6M | −$5.1M | -26% |
| Operating expenses | $151M | $140M | $11.9M | +9% |
| Pre-tax earnings | $19.0M | $23.3M | −$4.4M | -19% |
| Research & development | $42.4M | $39.8M | $2.6M | +7% |
| Sales & marketing | $72.8M | $63.6M | $9.1M | +14% |
| General & admin | $25.7M | $24.9M | $780K | +3% |
| Other operating costs | $10.6M | $11.2M | −$555K | -5% |
| Income tax benefit | $2.9M | −$5.1M | $8.0M | — |
| Net earnings | $21.8M | $18.2M | $3.6M | +20% |
| Depreciation & amortization | $14.4M | $14.2M | $215K | +2% |
| Share-based compensation | $18.0M | $12.6M | $5.4M | +43% |
| Working capital & other | $3.5M | −$107M | $111M | — |
| Operating cash flow | $50.8M | $152M | −$101M | -67% |
| Free cash flow (OCF − capex) | $47.3M | $150M | −$103M | -68% |
| Capital expenditures | $3.5M | $2.2M | $1.3M | +60% |
Questions
How much did Netscout Systems's revenue grow quarter over quarter in Q1 FY27?
Netscout Systems's revenue rose $7.4M (+4%) from $203M in Q4 FY26 to $210M in Q1 FY27.
What drove Netscout Systems's revenue change in Q1 FY27?
Product +$5.3M (+7%); Service +$2.1M (+2%).