NTAP Stock - NetApp, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $6.57B | $6.27B | $6.36B | $6.32B | $5.74B |
| Gross Profit | $4.61B | $4.43B | $4.21B | $4.22B | $3.81B |
| Gross Margin | 70.2% | 70.7% | 66.2% | 66.8% | 66.4% |
| Operating Income | $1.34B | $1.21B | $1.02B | $1.16B | $1.03B |
| Net Income | $1.19B | $986.00M | $1.27B | $937.00M | $730.00M |
| Net Margin | 18.0% | 15.7% | 20.0% | 14.8% | 12.7% |
| EPS | $5.81 | $4.74 | $5.87 | $4.20 | $3.29 |
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 26th 2025 | Northland Capital | Upgrade | Outperform | $137 |
| November 17th 2025 | Oppenheimer | Initiation | Perform | - |
| August 21st 2025 | Morgan Stanley | Resumed | Equal Weight | $115 |
| April 30th 2025 | Barclays | Upgrade | Overweight | $115 |
| February 28th 2025 | TD Cowen | Reiterated | Buy | $130← $160 |
| February 19th 2025 | BofA Securities | Upgrade | Neutral | $128← $121 |
| February 10th 2025 | Susquehanna | Downgrade | Neutral | - |
| December 16th 2024 | JP Morgan | Upgrade | Overweight | $160 |
| November 22nd 2024 | TD Cowen | Reiterated | Buy | $160← $145 |
| November 15th 2024 | Cleveland Research | Initiation | Neutral | - |
| November 13th 2024 | Oppenheimer | Initiation | Perform | - |
| September 3rd 2024 | Loop Capital | Upgrade | Buy | $150← $121 |
| May 31st 2024 | TD Cowen | Reiterated | Buy | $135← $120 |
| May 31st 2024 | JP Morgan | Upgrade | Neutral | $125← $95 |
| March 4th 2024 | Argus | Upgrade | Buy | $130 |
Earnings History & Surprises
NTAPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 28, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $2.07 | — | — | — |
Q4 2025 | Nov 25, 2025 | $1.88 | $2.05 | +9.0% | ✓ BEAT |
Q3 2025 | Aug 27, 2025 | $1.54 | $1.55 | +0.6% | ✓ BEAT |
Q2 2025 | May 29, 2025 | $1.90 | $1.93 | +1.6% | ✓ BEAT |
Q1 2025 | Feb 27, 2025 | $1.91 | $1.91 | 0.0% | = MET |
Q4 2024 | Nov 21, 2024 | $1.78 | $1.87 | +5.1% | ✓ BEAT |
Q3 2024 | Aug 28, 2024 | $1.45 | $1.56 | +7.6% | ✓ BEAT |
Q2 2024 | May 30, 2024 | $1.79 | $1.80 | +0.6% | ✓ BEAT |
Q1 2024 | Feb 29, 2024 | $1.69 | $1.94 | +14.8% | ✓ BEAT |
Q4 2023 | Nov 28, 2023 | $1.40 | $1.58 | +12.9% | ✓ BEAT |
Q3 2023 | Aug 23, 2023 | $1.07 | $1.15 | +7.5% | ✓ BEAT |
Q2 2023 | May 31, 2023 | $1.35 | $1.54 | +14.1% | ✓ BEAT |
Q1 2023 | Feb 22, 2023 | $1.31 | $1.37 | +4.6% | ✓ BEAT |
Q4 2022 | Nov 29, 2022 | $1.34 | $1.48 | +10.4% | ✓ BEAT |
Q3 2022 | Aug 24, 2022 | $1.10 | $1.20 | +9.1% | ✓ BEAT |
Q2 2022 | Jun 1, 2022 | $1.28 | $1.42 | +10.9% | ✓ BEAT |
Q1 2022 | Feb 23, 2022 | $1.28 | $1.44 | +12.5% | ✓ BEAT |
Q4 2021 | Nov 30, 2021 | $1.21 | $1.28 | +5.8% | ✓ BEAT |
Q3 2021 | Aug 25, 2021 | $0.95 | $1.15 | +21.1% | ✓ BEAT |
Latest News
F5 Announces Expanded Collaboration With NetAPP With Post-Quantum Cryptography
📈 PositiveNetApp Launches New Capability Connecting Amazon Web Services AI & Analytics With NetApp Data
📈 PositiveNorthland Capital Markets Upgrades NetApp to Outperform, Raises Price Target to $137
📈 PositiveBarclays Maintains Overweight on NetApp, Raises Price Target to $134
📈 PositiveWells Fargo Maintains Equal-Weight on NetApp, Raises Price Target to $115
📈 PositiveUBS Maintains Neutral on NetApp, Raises Price Target to $120
➖ NeutralNTAP stock has given up its prior gain. NetApp shares were trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 adjusted EPS guidance.
📈 Positive4 stocks to watch on Wednesday: CPB, NTAP, DE, URBN
➖ NeutralNetApp shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 adjusted EPS guidance.
📈 PositiveB of A Securities Maintains Neutral on NetApp, Raises Price Target to $129
➖ NeutralNetApp shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 adjusted EPS guidance.
📈 PositiveNetApp Non-GAAP EPS of $2.05 beats by $0.17, revenue of $1.71B beats by $20M
📈 PositiveNetApp Raises FY2026 GAAP EPS Guidance from $5.72-$6.02 to $5.82-$6.12 vs $6.22 Est; Affirms FY2026 Sales Guidance of $6.625B-$6.875B vs $6.761B Est
➖ NeutralNetApp Raises FY2026 Adj EPS Guidance from $7.60-$7.90 to $7.75-$8.05 vs $7.75 Est; Affirms FY2026 Sales Guidance of $6.625B-$6.875B vs $6.761B Est
📈 PositiveNetApp Sees Q3 Adj EPS $2.01-$2.11 vs $2.06 Est; Sees Sales $1.615B-$1.765B vs $1.709B Est
📈 PositiveNetApp Sees Q3 GAAP EPS $1.52-$1.62 vs $1.64 Est; Sees Sales $1.615B-$1.765B vs $1.709B Est
📉 NegativeNetApp Q2 Adj. EPS $2.05 Beats $1.89 Estimate, Sales $1.705B Beat $1.688B Estimate
📈 PositiveOppenheimer Initiates Coverage On NetApp with Perform Rating
➖ NeutralCitigroup Maintains Neutral on NetApp, Lowers Price Target to $125
➖ NeutralCitigroup Maintains Neutral on NetApp, Raises Price Target to $130
➖ NeutralFrequently Asked Questions about NTAP
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