NetApp, Inc. (NTAP)
| Market Cap | 38.68B +56.3% |
| Revenue (ttm) | 7.39B +12.2% |
| Net Income | 1.42B +21.1% |
| EPS | 7.09 +25.2% |
| Shares Out | 196.42M |
| PE Ratio | 27.03 |
| Forward PE | 19.29 |
| Dividend | $2.08 (1.06%) |
| Ex-Dividend Date | Oct 9, 2026 |
| Volume | 1,665,382 |
| Open | 193.68 |
| Previous Close | 191.49 |
| Day's Range | 192.20 - 199.15 |
| 52-Week Range | 93.69 - 209.06 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 197.00 (+0.04%) |
| 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 an increase of 0.04% from the latest price.
News
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.
Thursday's First Moves: NTAP, FIVE & VSXY Earnings
NetApp (NTAP) initially popped on its earnings report, but as Diane King Hall points out, concerns over its free cash flow had investors second guessing the company's outlook. Five Below (FIVE) contin...
NetApp and AWS Accelerate Storage Migrations with AWS Transform
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, and Amazon Web Services (AWS) today announced that AWS Transform now supports Amazon FSx for Net...
Broadcom, Snowflake, HPE, NetApp, and More Stocks That Explain Today's Market
Concerns about data-center financing and Google's deal with rival chip maker Marvell overshadow Broadcom's solid results.
NetApp Earnings Beat Estimates. The Stock Is Falling in a Big Way.
The company's fiscal first-quarter revenue grew 30% to $2.03 billion, beating Wall Street estimates of $1.84 billion.
NetApp Earnings Call Transcript: Q1 2027
Record Q1 results with 30% revenue growth and 66% EPS increase, driven by strong AI and cloud demand. Raised full-year guidance for both revenue and EPS, supported by broad-based momentum, strategic acquisitions, and robust customer wins across segments.
NetApp Slides: Q1 2027
NetApp has posted slides in relation to its Q1 2027 quarterly earnings report, which was published on September 2, 2026.
NetApp Earnings release: Q1 2027
NetApp released its Q1 2027 earnings on September 2, 2026, summarizing the period's financial results.
NetApp Quarterly report: Q1 2027
NetApp has published its Q1 2027 quarterly earnings report on September 2, 2026.
NetApp Helps Customers Accelerate Adoption of Latest VMware Cloud Foundation Innovations
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, announced new capabilities in NetApp ONTAP® have been tested and validated to support VMware Clo...
NetApp Reports First Quarter of Fiscal Year 2027 Results
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the first quarter of fiscal year 2027, which ended on July 3...
NetApp to Participate in Upcoming Conferences
SAN JOSE, Calif.--(BUSINESS WIRE)--NetAppTM (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced the Company will participate in fireside chats at the following conferences: Ci...
NetApp Named a Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Storage Platforms
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it has been recognized by Gartner as a Leader in the 2026 Gartner Magic Quadrant...
NetApp Hosts First Quarter of Fiscal Year 2027 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on September 2, 2026, NetApp (NASDAQ: NTAP) will announce financial results for the first quarter of fiscal year 2027, which ended July 31, 2026. ...
NetApp (NTAP) Price Forecast: Breakout Points Toward $250
NetApp's long-term breakout has gained further confirmation, with bullish patterns pointing toward a potentially significant advance and an important target zone near $250.
NetApp Acquires JetStream Software to Advance Cyber Resilience and Data Protection for the AI Era
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it has acquired JetStream Software, a leader in VMware disaster recovery and mig...
NetApp Proxy statement: Proxy filing
NetApp filed a proxy statement on July 28, 2026, providing details for shareholder voting and corporate governance matters.
NetApp Proxy statement: Proxy filing
NetApp filed a proxy statement on July 28, 2026, providing details for shareholder voting and corporate governance matters.
StructureCraft Scales Data-Driven Design on NetApp
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that StructureCraft, an award-winning global structural engineering and construc...
NetApp Acquires DataPelago, Making Data AI-Ready at the Infrastructure Layer
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it has acquired DataPelago, a California-based AI data infrastructure company re...
NetApp Proxy statement: Proxy filing
NetApp filed a proxy statement on July 16, 2026, providing details for shareholder voting and corporate governance matters.
NetApp Named Presenting Partner of 2026 NFL Madrid Game
MADRID--(BUSINESS WIRE)--The NFL today announced that the league's Global Partner, NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, will return as Presenting Partner of the 2026 NFL...