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NetApp, Inc.

NetApp, Inc.

NASDAQ•NTAP
CEO: Mr. George Kurian
Sector: Technology
Industry: Computer Hardware
Listing Date: 1995-11-21
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 in two segments, Hybrid Cloud and Public Could. The company offers data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Astra; and storage infrastructure solutions, including NetApp All-Flash FAS, NetApp All-Flash FAS with capacity flash, NetApp All-Flash SAN Array, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp BlueXP, BlueXP Sync, BlueXP Tiering, NetApp Backup, BlueXP Compliance, and BlueXP Cache; and cloud operations services consist of NetApp Cloud Insights, Spot by NetApp, and Instaclustr. In addition, the company offers professional and support services, such as storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, and migration services. 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. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
Contact Information
3060 Olsen Drive, San Jose, CA, 95128, United States
408-822-6000
www.netapp.com
Market Cap
$23.09B
P/E (TTM)
19.9
28.1
Dividend Yield
1.8%
52W High
$127.78
52W Low
$71.84
52W Range
78%
Rank30Top 13.9%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2026 Data

Revenue

$1.71B+2.83%
4-Quarter Trend

EPS

$1.53+4.08%
4-Quarter Trend

FCF

$78.00M+30.00%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Net Revenue Growth Net revenues grew 2% to $3.26B for six months ended October 24, 2025, driven by product and services increases.
Operating Cash Surge Cash provided by operating activities reached $800M for six months, a substantial increase from $446M last year.
EPS Improvement Noted Diluted net income per share improved to $2.66 for the six-month period, up from $2.59 previously reported.
Debt Principal Repaid Successfully repaid $750M principal on 1.875% Senior Notes due June 2025 upon maturity during the period.

Risk Factors

Asset Base Reduction Total assets declined $1.19B to $9.63B as of October 24, 2025, from the April 25, 2025 balance.
Patent Litigation Exposure Ongoing patent litigation exposes company to potential significant monetary damages or injunctions if unfavorable rulings occur.
Tax Audit Uncertainties Unrecognized tax benefits total $49M net, subject to uncertainties from ongoing income tax audits in multiple jurisdictions.
Inventory Commitment Risk Non-cancelable purchase commitments for inventory totaled $0.7B as of October 24, 2025, subject to demand forecasts.

Outlook

Future Revenue Visibility $4.9B in remaining performance obligations provide strong revenue visibility, expecting 47% recognized next 12 months.
Stock Repurchase Authorization Board authorized $1.1B additional common stock repurchase program for fiscal 2026, with $902M remaining authorization.
FY2026 Capital Spending Anticipated capital expenditures for the remainder of fiscal 2026 are projected to be between $90M and $140M.
Restructuring Completion Expected Restructuring activities related to prior plans are expected to be substantially complete by the end of fiscal 2026.

Peer Comparison

Revenue (TTM)

HP Inc.HPQ
$55.30B
+3.2%
Flex Ltd.FLEX
$26.33B
+3.5%
ASE Technology Holding Co., Ltd.ASX
$20.08B
+6.1%

Gross Margin (Latest Quarter)

VeriSign, Inc.VRSN
88.4%
+0.3pp
PTC Inc.PTC
85.6%
+3.6pp
Zoom Communications Inc.ZM
77.9%
+2.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ASX$34.14B31.011.0%34.0%
ZM$27.13B17.017.7%0.2%
FLEX$25.45B29.917.4%22.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.3%
Moderate Growth
4Q Net Income CAGR
0.7%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:$2.07
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Oct 24, 2025|Filed: Nov 25, 2025|
    Revenue: $1.71B+2.8%
    |
    EPS: $1.53+4.1%
    Miss
  • Form 10-Q - Q1 2026

    Period End: Jul 25, 2025|Filed: Aug 27, 2025|
    Revenue: $1.56B+1.2%
    |
    EPS: $1.16-3.3%
    Miss
  • Form 10-K - FY 2025

    Period End: Apr 25, 2025|Filed: Jun 9, 2025|
    Revenue: $6.57B+4.9%
    |
    EPS: $5.81+22.6%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Jan 24, 2025|Filed: Feb 27, 2025|
    Revenue: $1.64B+2.2%
    |
    EPS: $1.47-3.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Oct 25, 2024|Filed: Nov 25, 2024|
    Revenue: $1.66B+6.1%
    |
    EPS: $1.47+31.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Jul 26, 2024|Filed: Aug 28, 2024|
    Revenue: $1.54B+7.6%
    |
    EPS: $1.20+71.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Apr 26, 2024|Filed: Jun 10, 2024|
    Revenue: $6.27B-1.5%
    |
    EPS: $4.74-19.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Jan 26, 2024|Filed: Feb 29, 2024|
    Revenue: $1.61B+5.2%
    |
    EPS: $1.52+406.7%
    Miss