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NetApp, Inc. (NTAP)

185.59 +0.21 (+0.11%)
At close: September 4 at 4:00:00 PM EDT
184.93 -0.66 (-0.36%)
After hours: September 4 at 7:54:10 PM EDT
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25m ago
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NetApp reported a record Q1 fiscal 2027, with revenue up 30%year-over-year to $2.03 billionand a significant increase in adjusted EPS to $2.58. The company raised its full-year revenue guidance, reflecting strong demand driven by AI and cloud infrastructure investments.

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  • Previous Close 185.38
  • Open 182.59
  • Bid 176.15 x 100
  • Ask 194.32 x 100
  • Day's Range 180.43 - 188.83
  • 52 Week Range 93.69 - 209.06
  • Volume 2,247,242
  • Avg. Volume 2,748,049
  • Market Cap (intraday) 36.453B
  • Beta (5Y Monthly) 1.43
  • PE Ratio (TTM) 26.18
  • EPS (TTM) 7.09
  • Earnings Date Dec 1, 2026
  • Forward Dividend & Yield 2.08 (1.12%)
  • Ex-Dividend Date Oct 9, 2026
  • 1y Target Est 194.19

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, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to help customers optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

www.netapp.com

11,700

Full Time Employees

April 24

Fiscal Year Ends

Technology

Sector

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

NTAP
75.57%
S&P 500 (^GSPC)
12.75%

1-Year Return

NTAP
58.91%
S&P 500 (^GSPC)
18.71%

3-Year Return

NTAP
153.57%
S&P 500 (^GSPC)
70.93%

5-Year Return

NTAP
127.65%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY26
Revenue 1.95B
Earnings 404M
Profit Margin 20.74%

Q2

FY26

Q3

FY26

Q4

FY26

0
500M
1B
2B
18.0%
19.0%
20.0%

Analyst Insights

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Analyst Price Targets

170.00 Low
194.19 Average
185.59 Current
219.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 9/3/2026
Analyst Northland Capital Markets
Rating Action Maintains
Rating Outperform
Price Action Raises
Price Target 171 -> 187

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    19.18%

  • Return on Assets (ttm)

    11.66%

  • Return on Equity (ttm)

    114.82%

  • Revenue (ttm)

    7.39B

  • Net Income Avi to Common (ttm)

    1.42B

  • Diluted EPS (ttm)

    7.09

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.58B

  • Total Debt/Equity (mrq)

    169.50%

  • Levered Free Cash Flow (ttm)

    1.17B

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