NetApp, Inc. (NTAP)
| Market Cap | 41.09B +71.7% |
| Revenue (ttm) | 7.39B +12.2% |
| Net Income | 1.42B +21.1% |
| EPS | 7.09 +25.2% |
| Shares Out | 196.42M |
| PE Ratio | 29.53 |
| Forward PE | 21.08 |
| Dividend | $2.08 (0.99%) |
| Ex-Dividend Date | Oct 9, 2026 |
| Volume | 2,720,958 |
| Open | 205.15 |
| Previous Close | 204.41 |
| Day's Range | 200.79 - 210.04 |
| 52-Week Range | 93.69 - 210.04 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 197.00 (-5.82%) |
| Earnings Date | Sep 2, 2026 |
About NTAP
NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, includi... [Read more]
Financial Performance
In fiscal year 2026, NetApp's revenue was $6.93 billion, an increase of 5.37% compared to the previous year's $6.57 billion. Earnings were $1.28 billion, an increase of 7.59%.
Financial StatementsAnalyst Summary
According to 20 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price target is $197.0, which is a decrease of -5.82% from the latest price.
News
Oracle Stock (ORCL) Pops on NetApp Tie-Up for New AI Cloud Storage Service
Oracle shares ($ORCL) rose 4% to around $138 on Tuesday afternoon. This came after the enterprise software giant said in a press statement that it has teamed up with data…
NetApp, Oracle to launch fully managed cloud storage service
NetApp (NTAP) and Oracle (ORCL) announced a new fully managed storage service that brings enterprise-grade NetApp storage natively to Oracle Cloud Infrastructure. The service will bring NetApp ONTAP d...
NetApp expands partnership with SAP to support SAP Cloud infrastructure
NetApp (NTAP) announced its intent to expand its long-standing partnership with SAP (SAP), with plans to explore deeper cloud-native integration of NetApp capabilities into SAP Cloud Infrastructure, S...
NetApp, Super Micro collaborate on validated AI infrastructure solutions
NetApp (NTAP) announced a strategic collaboration with Supermicro (SMCI) to deliver jointly validated AI infrastructure solutions spanning large-scale AI factories, enterprise deployments, neoclouds, ...
NetApp Honors the International Union for Conservation of Nature with the Social Impact Award for Intelligent Data for Good
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that it awarded the International Union for Conservation of Nature (IUCN) the 20...
NetApp and Oracle to Launch Fully Managed Cloud Storage Service for Demanding AI and Enterprise Workloads
SAN JOSE, Calif. & AUSTIN, Texas--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, and Oracle today announced a new fully managed storage service that brings enter...
NetApp and Supermicro Collaborate to Power AI at Any Scale
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced a strategic collaboration with Supermicro to deliver jointly validated AI infras...
NetApp Empowers Enterprises to Build Anything, Anywhere
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced new hybrid multi-cloud capabilities with autonomous controls to maximize enterpr...
NetApp Enhances Data Sovereignty Controls to Keystone
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced NetApp Keystone Sovereign, which will enable qualified European customers to use...
NetApp Removes Storage Bottleneck for AI Factories
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced NetApp Novus™, the fastest storage on the planet designed for AI infrastructure ...
NetApp to Expand Partnership with SAP to Support SAP Cloud Infrastructure
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp, the intelligent Data Infrastructure company, today announced its intent to expand its long-standing partnership with SAP, with plans to explore deeper cloud-...
NetApp Delivers Secure, Zero-Copy Data Activation for the Agentic Enterprise
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced new capabilities that enable enterprises to accelerate their adoption of agentic...
NetApp Honors the NFL with Customer Social Impact Award
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it will present the NFL with its Customer Social Impact Award at INSIGHT 2026, r...
NetApp Transcript: NetApp INSIGHT 2026
NetApp INSIGHT 2026 unveiled the Novus architecture for AI factories with 100 TB/s throughput, zettabyte-scale file systems, and the AI Data Engine for in-place, heterogeneous data activation. Expanded partnerships, enhanced cyber resilience, and new as-a-service and management features position the platform for the agentic AI era.
NetApp, Oracle announce new storage service for cloud
NetApp (NTAP) and Oracle (ORCL) announced a new storage service “that brings enterprise-grade NetApp storage natively to Oracle Cloud Infrastructure.” The service will bring NetApp ONTAP data manageme...
NetApp announces intent to acquire PEAK:AIO
NetApp (NTAP) announced its intent to acquire PEAK:AIO, a pioneer in next-generation metadata architecture and high-performance parallel file systems. The planned acquisition is expected to accelerate...
NetApp Announces Intent to Acquire PEAK:AIO to Advance Scalable AI Infrastructure Architecture
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced its intent to acquire PEAK:AIO, a pioneer in next-generation metadata architectu...
NetApp Hosts Technology Sessions at 2026 INSIGHT Conference in Las Vegas, Nevada
SUNNYVALE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) will hold their 2026 INSIGHT™ customer conference in Las Vegas, Nevada on September 29 – October 1, 2026. On Tuesday, September 29, 2026, NetA...
NetApp named Official Partner of the Tampa Bay Buccaneers
NetApp (NTAP) announced that they have been named an Official Partner of the Tampa Bay Buccaneers. This new relationship builds on NetApp’s status as the Official Intelligent Data Infrastructure Partn...
NetApp price target raised to $225 from $200 at Argus
Argus raised the firm’s price target on NetApp (NTAP) to $225 from $200 and keeps a Buy rating on the shares after Q1 earnings beat driven by continued storage demand…
NetApp management to meet virtually with Benchmark
Virtual Meeting to be held on September 15 at 1 pm hosted by Benchmark.
NetApp Transcript: AGM 2026
The meeting covered board elections, executive compensation, auditor ratification, and a charter amendment, with all management proposals approved. No shareholder questions were raised, and final voting results will be filed with the SEC.
NetApp Transcript: Citi’s 2026 Global TMT Conference
Strong Q1 performance and broad-based demand led to a significant increase in full-year guidance, with AI adoption and infrastructure modernization as key growth drivers. All business segments, including public cloud and Storage-as-a-Service, are experiencing high growth and strong margins, supported by disciplined cost management and ongoing innovation.
NetApp Transcript: Goldman Sachs Communacopia + Technology Conference 2026
Raised fiscal 2027 guidance on strong, broad-based growth across product lines and geographies, with record results in all-flash and cloud segments. AI adoption drives infrastructure upgrades and new use cases, while unified platforms, flexible procurement, and innovation reinforce competitive positioning.
NetApp CEO George Kurian: We had a record-setting quarter; we see really good momentum
NetApp shares are higher Thursday after reporting a beat on the top and bottom lines in fiscal Q1. George Kurian, NetApp CEO, joins 'Squawk on the Street' to discuss.