NetApp, Inc. (NTAP)
| Market Cap | 21.35B |
| Revenue (ttm) | 6.71B |
| Net Income (ttm) | 1.21B |
| Shares Out | 197.33M |
| EPS (ttm) | 5.97 |
| PE Ratio | 18.15 |
| Forward PE | 12.87 |
| Dividend | $2.08 (1.92%) |
| Ex-Dividend Date | Apr 2, 2026 |
| Volume | 1,104,116 |
| Open | 108.69 |
| Previous Close | 108.44 |
| Day's Range | 107.24 - 109.48 |
| 52-Week Range | 86.70 - 126.66 |
| Beta | 1.29 |
| Analysts | Hold |
| Price Target | 116.58 (+7.75%) |
| Earnings Date | May 28, 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 2025, NetApp's revenue was $6.57 billion, an increase of 4.85% compared to the previous year's $6.27 billion. Earnings were $1.19 billion, an increase of 20.28%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for NTAP stock is "Hold." The 12-month stock price target is $116.58, which is an increase of 7.75% from the latest price.
News
NetApp Partners with Google Cloud to Adopt AI-Driven Operations
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced a strategic evolution in its partnership with Google Cloud, which has enabled en...
NetApp Strengthens its Collaboration with Google Cloud on Unified Google Cloud Storage for File and Block
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today shared new innovations that help customers better leverage their enterprise data, by tappi...
NetApp Wins 2026 Google Cloud Infrastructure Modernization Partner of the Year for Storage
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that it has received the 2026 Google Cloud Infrastructure Modernization Partner ...
NetApp Collaborates with Google Cloud to Power Data Infrastructure for Distributed Cloud
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that it has expanded its collaboration with Google Cloud with a 4-year Enterpris...
César Cernuda, President at NetApp, Receives Prestigious HITEC 100 Recognition for 2026
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced the inclusion of César Cernuda, President at NetApp, in the esteemed 2026 HITEC ...
New Research Finds AI Is Now Foundational to Modern Marketing
SAN JOSE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced its participation in a new marketing research study conducted by...
NetApp and Elastio Announce Partnership to Deliver Defense-in-Depth Ransomware Resilience
SAN JOSE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, and Elastio are helping enterprises enhance their cyber resilience with a layere...
NetApp and Commvault Advance Cyber Resilience with Strategic Alliance
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, and Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announce...
NetApp Unveils New High-Performance EF-Series Models
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced the release of the next generation of NetApp EF-Series storage systems, built to...
NetApp Accelerates Momentum in AI Leadership with NVIDIA
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced enhancements to its enterprise-grade data platform, enabling customers to remove...
NetApp Transcript: Morgan Stanley Technology, Media & Telecom Conference 2026
Strong Q3 results were driven by growth in All-Flash Arrays, cloud, and Keystone services, with nearly 300 AI wins and expanding production workloads. Strategic focus on AI, product innovation, and disciplined capital allocation positions the business for continued growth and market share gains.
NetApp Earnings Call Transcript: Q3 2026
Q3 revenue grew 4% year-over-year to $1.71B, with record operating income and EPS. Strong growth in AI, All Flash Arrays, and Keystone storage-as-a-service offset memory price inflation. FY26 guidance implies continued revenue and margin expansion.
NetApp Reports Third Quarter of Fiscal Year 2026 Results
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the third quarter of fiscal year 2026, which ended on Januar...
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: Ra...
NetApp Hosts Third Quarter of Fiscal Year 2026 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on February 26, 2026, NetApp (NASDAQ: NTAP) will announce financial results for the third quarter of fiscal year 2026, which ended January 23, 202...
NetApp Data Platform Powers Data Operations for Super Bowl LX
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that it is powering data operations for Super Bowl LX. As the Official Intellige...
NetApp Appoints Paul Fipps to the Board of Directors
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that Paul Fipps, President of Global Customer Operations at ServiceNow, has join...
NetApp Transcript: Barclays 23rd Annual Global Technology Conference
Management is prioritizing revenue growth, profitability, and disciplined capital allocation, with strong product gross margins and robust growth in cloud and Keystone segments. AI and all-flash storage are key growth drivers, while recurring revenue and regional performance are improving.
NetApp Transcript: Raymond James TMT and Consumer Conference
NetApp is experiencing steady enterprise demand and rapid growth in its public cloud business, while U.S. public sector revenues are pressured by federal cost controls. The company is well-positioned for future AI-driven storage demand, continues to gain share in the all-flash market, and is recognized for its adaptability and innovation.
NetApp Transcript: 53rd Annual Nasdaq Investor Conference
Q2 saw record margins and strong growth in cloud and all-flash storage, with AI projects doubling year-on-year. The business is shifting toward higher-margin, subscription-based offerings, and expects continued growth driven by cloud, flash, and AI, while public sector spending is set to recover by spring.
NetApp Advances EMEA & LATAM Presence with Appointment of Willem Hendrickx as Customer Demand for AI Accelerates
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the appointment of Willem Hendrickx as Senior Vice President and General Manager,...
NetApp Transcript: UBS’s 2025 Global Technology and AI Conference
Strong European performance and robust cloud and flash growth offset U.S. public sector weakness. AI-driven storage demand is rising, with cloud margins and first-party storage leading growth. Strategic focus remains on cyber resilience, disciplined operations, and leveraging AI trends.
NetApp Collaborates with AWS to bring Enterprise Data to AWS AI Services
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced a new capability that enables enterprises to make their workflows simpler and mo...
Apple and nine more tech companies that have treated their shareholders like gold
The iPhone maker leads the way for the sector in terms of dollars spent on stock buybacks. But other tech companies have reduced their share counts significantly, as well.