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NetApp Inc (NTAP)

US · Technology · Software - Infrastructure

$196.92+2.84%
Last close · 2026-09-17

Latest quarter · ended 2026-07-31

Revenue
$2.02B
Revenue YoY
+29.9%
Net profit
$375.0M
Profit YoY
+60.9%
EPS
$2.09
EPS estimate
$1.72
Net margin
18.5%

EPS came in at 2.09 against a street estimate of 1.72 — a beat of 21.5%.

Key statistics

Market cap
$37.31B
P/E
26.8
Forward P/E
20.9
P/B
24.74
Book value
$7.63
EPS (TTM)
$7.08
Dividend yield
1.10%
52-week high
$209.06
52-week low
$92.93
50-day MA
$182.14
200-day MA
$132.68
Beta
1.43

Analyst view

Analysts rate NetApp Inc a buy (8 buy, 11 hold, 1 sell out of 20) with an average price target of $195.12.

From the latest earnings call · 2026-09-02

CONFIDENT NetApp delivered record Q1 FY27 with 30% YoY revenue growth to $2.03B and 66% EPS growth. AI and cloud momentum drove broad-based strength across all segments. Company materially raised full-year guidance, signaling durable demand beyond accelerated purchases. Q1 FY27 No regional breakdowns provided; management noted broad-based strength across all geographies and customer segments. Analysts pressed on durability of growth and product margin trajectory. Management acknowledged 350 AI deals (vs. prior 500) but emphasized deal size expansion and broad-based modernization beyond AI-specific stacks. Clarified product margin expected 'slightly better' than low-50% range for rest of year; Q1 outperformed due to favorable mix, with gradual recovery as pricing gains accumulate. 2026-09-02…

Full summary in the app.

Shareholding

Insiders
0.42%
Institutions
101.93%

Largest institutional holders

FundStake
BlackRock Inc10.14%
Vanguard Portfolio Management, LLC6.44%
Vanguard Capital Management, LLC6.36%
State Street Corp5.10%
PRIMECAP Management Company4.59%
Geode Capital Management, LLC3.28%
Ameriprise Financial Inc3.06%
NORGES BANK2.12%

Recent filings & reports

DocumentDate
Charter / bylaws change · Q2 FY2027
NETAPP, INC. – 8-K FILING SUMMARY (September 9, 2026) HEADLINE NUMBERS • Annual Stockholder Meeting held: September 9, 2026 • Board of Directors re-
2026-09-11
Quarterly report · Q1 FY2027
NETAPP, INC. – Q1 FY2027 SUMMARY (10-Q FILING) For Quarter Ended July 31, 2026 --- HEADLINE NUMBERS • Net revenues: $2,025 million (up 30% year-ove
2026-09-02
Results announced · Q2 FY2027
NETAPP Q1 FY2027 RESULTS SUMMARY HEADLINE NUMBERS • Net revenues: $2.03 billion — up 30% year-over-year; record quarterly result • GAAP earnings per
2026-09-02
Proxy statement · Q2 FY2027
NETAPP, INC. — PROXY STATEMENT SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Fiscal 2026 Net Revenues: $6.93 billion (+5.4% year-over-year) • Oper
2026-07-28
Annual report FY2026
NETAPP, INC. – FORM 10-K SUMMARY (FISCAL YEAR ENDED APRIL 24, 2026) HEADLINE NUMBERS • Public float (as of October 24, 2025): $17.1 billion • Outsta
2026-06-05
Results announced · Q1 FY2027
NETAPP FISCAL YEAR 2026 RESULTS SUMMARY HEADLINE NUMBERS • Q4 FY2026 net revenues: $1.95 billion, up 12% year-over-year • Full fiscal year 2026 net
2026-05-28
Quarterly report · Q3 FY2026
NETAPP, INC. - 10-Q SUMMARY FOR RETAIL INVESTORS --- HEADLINE NUMBERS • Net revenues (9 months ended Jan 23, 2026): $4,977 million vs $4,840 millio
2026-02-26
Results announced · Q4 FY2026
NETAPP Q3 FY2026 RESULTS SUMMARY HEADLINE NUMBERS • Q3 net revenues: $1.71 billion, up 4% year-over-year • GAAP earnings per share: $1.67, up 16% ye
2026-02-26

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.52 / share
ex-date Oct 9, 2026 · pay Oct 28, 2026
2026-10-09
Dividend$0.52 / share
ex-date Jul 10, 2026 · pay Jul 29, 2026
2026-07-10
Dividend$0.52 / share
ex-date Apr 2, 2026 · pay Apr 22, 2026
2026-04-02
Dividend$0.52 / share
ex-date Jan 2, 2026 · pay Jan 21, 2026
2026-01-02
Dividend$0.52 / share
ex-date Oct 3, 2025 · pay Oct 22, 2025
2025-10-03

Deals & corporate news

AnnouncementDate
Significantly raised fiscal year 2027 revenue and earnings guidance
NetApp reported exceptional Q1 FY2027 results that exceeded all expectations. Revenue hit a record $2.03 billion, up 30% year-over-year, with particularly strong performance in all-flash arr
2026-09-02

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Data updated 2026-09-18.