NetApp's revenue growth has reaccelerated to 29.9% year-over-year in Q1 FY27, driven by strong demand for its hybrid cloud solutions, while gross margins have stabilized above 70% for five consecutive quarters, indicating a software-led mix shift.
Price trend, volume and key moving averages
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Revenue growth has reaccelerated sharply to 29.9% year-over-year in Q1 FY27, while gross margins have stabilized above 70% for five consecutive quarters, suggesting a sustainable software-led mix shift.
NetApp is the only enterprise-grade storage service embedded into major public cloud providers, positioning it uniquely in the market.
The company provides unified data storage and integrated services, helping customers modernize infrastructure and transform cloud strategies.
NetApp's solutions support AI innovation, making it a key player in the growing AI-driven data management space.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Sep 2, 2026 | $2.58+21.7% vs $2.12 | $2.0B+10.2% vs $1.8B |
Q2 2026 May 28, 2026 | $2.43+7.0% vs $2.27 | $1.9B+4.1% vs $1.9B |
Q1 2026 Feb 26, 2026 | $2.12+2.9% vs $2.06 | $1.7B+1.0% vs $1.7B |
Q4 2025 Nov 25, 2025 | $2.05+9.0% vs $1.88 | $1.7B+1.0% vs $1.7B |
NetApp, Inc.'s NTAP shares have surged 62.2% in the past year compared to the Zacks Computer & Technology sector and the Zacks Computer- Storage Devices industry's growth of 8.1% and 137.3%, respectively. The S&P 500 composite is up 11.1% over the same time frame.
Investors with an interest in Computer- Storage Devices stocks have likely encountered both Sandisk Corporation (SNDK) and NetApp (NTAP). But which of these two stocks offers value investors a better bang for their buck right now?
NetApp (NTAP) concluded the recent trading session at $185.26, signifying a -6.99% move from its prior day's close.
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that it completed the acquisition of PEAK:AIO, a pioneer in next-generation metadata architecture and high-performance parallel file systems. With this acquisition, NetApp can leverage metadata services and parallel namespace innovations to power the fastest storage on the planet, NetApp Novus, to support zettabyte-scale file systems for the most demanding workloads of AI clou.
Benchmark NTAP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for NetApp, Inc. (NTAP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $169.15 | $33.5B | 26.60 | 5.37% | 18.43% | 106.73% | 1.23% | |
| $74.61 | $24.66B | 158.74 | — | 5.89% | 17.22% | — | |
| $44.76 | $59.26B | -1003.48 | 14.06% | 6.57% | 10.85% | 1.34% | |
| $328.53 | $218.23B | 37.85 | 18.8% | 7.53% | — | 0.65% | |
| $245.00 | $230.82B | 21.93 | 7.62% | 15.99% | 32.72% | 2.69% | |
| $460.99 | $103.37B | 33.16 | 34.06% | 31.86% | 245.11% | 0.6% |
NetApp, Inc. (NTAP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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NetApp, Inc. (NTAP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Sep 11, 2026·SEC
Sep 2, 2026·SEC
May 28, 2026·SEC
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NetApp, Inc. (NTAP) stock FAQ — growth, dividends, profitability & financials explained
NetApp, Inc. (NTAP) reported $7.39B in revenue over the trailing twelve months. Revenue was $6.92B in fiscal year 2026. That is 7320% more than the $93.3M of fiscal year 1997.
NetApp, Inc. (NTAP) grew revenue by 5.4% in fiscal year 2026, compared with the prior fiscal year.
Yes. NetApp, Inc. (NTAP) earned $1.42B in net income over the trailing twelve months (a 19.2% net margin).
Yes. NetApp, Inc. (NTAP) pays a dividend that yields 1.23% at the current price, a moderate yield.
NetApp, Inc. (NTAP) had a return on equity (ROE) of 106.7% in fiscal year 2026. That is well above the market's typical 10-15%.
NetApp, Inc. (NTAP) generated $1.65B in free cash flow over the trailing twelve months.
