Filing Flows › Netscout Systems (NTCT) › Q1 FY27
Netscout Systems (NTCT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 6, 2026
Netscout Systems (NTCT) reported revenue of $210M for the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier and +4% from the quarter before. Operating margin was 6.9%, net earnings $21.8M (10.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $210M | +4% | +13% |
| Gross profit | $166M | +4% | +16% |
| Operating profit | $14.5M | -26% | — |
| Net earnings | $21.8M | +20% | — |
| Operating cash flow | $50.8M | -67% | -31% |
| Free cash flow | $47.3M | -68% | -34% |
What changed
Revenue was $210.4M in Q1 FY27, up 13% year over year and up 4% from the previous quarter. Service was the largest line at 59% of revenue. Product added $13.0M year over year (up 18%), 55% of the total change.
Gross margin was 78.9%, up 2.1 points from Q1 FY26. Operating profit was $14.5M, a 6.9% margin (up 10.4 points year over year). Operating expenses grew 1% against revenue growth of 13%. Net earnings were $21.8M. The effective tax rate was -15.2%. Non-operating items added $4.5M, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $50.8M (down 31% year over year), 233% of net earnings. Non-cash charges added back $14.4M of depreciation and amortization and $18.0M of share-based compensation. Working capital and other items used $3.5M. Capital expenditures of $3.5M left free cash flow of $47.3M.
Questions
What was Netscout Systems' revenue in the first quarter fiscal 2027?
Netscout Systems (NTCT) reported revenue of $210M for the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier and +4% from the quarter before.
Was Netscout Systems profitable in the first quarter fiscal 2027?
Operating profit was $14.5M (6.9% of revenue) and net earnings $21.8M.
Source: Netscout Systems 10-Q on SEC EDGAR.