NetApp Q3 Earnings Beat Estimates on Healthy Top-Line Growth [Yahoo! Finance]
NetApp, Inc. (NTAP)
Last netapp, inc. earnings: 2/12 04:01 pm
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Source: Yahoo! Finance
NetApp, Inc. NTAP reported strong third-quarter fiscal 2026 results, with both top and bottom lines surpassing the Zacks Consensus Estimate. The company's revenue growth was driven by accelerating demand for AI-ready data infrastructure, strong momentum in all-flash arrays, and expanding adoption of public cloud and Keystone storage-as-a-service offerings. Net Income Net income on a GAAP basis was $334 million or $1.67 per share compared with $299 million or $1.44 per share in the prior-year quarter. Top-line growth and lower operating expenses boosted the bottom line during the quarter. Non-GAAP net income in the reported quarter was $423 million or $2.12 per share compared with $397 million or $1.91 per share in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate by 5 cents and also marginally exceeded the company's guided range of $2.01-$2.11. NetApp, Inc. Price, Consensus and EPS Surprise NetApp, Inc. Price, Consensus and EPS Surprise NetA
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NTAP
News
- NetApp (NTAP) had its price target raised by Citigroup Inc. from $110.00 to $114.00. They now have a "neutral" rating on the stock.MarketBeat
- NetApp (NTAP) was upgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "hold (c+)" to "buy (b-)".MarketBeat
- NetApp Reports Third Quarter of Fiscal Year 2026 ResultsBusiness Wire
- Seagate vs. NetApp: Which Data Storage Stock is the Smarter Buy? [Yahoo! Finance]Yahoo! Finance
- NetApp (NTAP) had its "neutral" rating reaffirmed by Wedbush. They now have a $115.00 price target on the stock.MarketBeat
NTAP
Earnings
- 2/26/26 - Beat
NTAP
Sec Filings
- 2/26/26 - Form 10-Q
- 2/26/26 - Form 8-K
- 2/19/26 - Form 4
- NTAP's page on the SEC website