NetApp (NTAP) Earnings Date & Reports

Key Takeaways

• NetApp reported record Q4 fiscal 2026 net revenues of $1.948 billion, up 12% year-over-year.
• Non-GAAP earnings per share reached $2.43, exceeding consensus estimates and rising 26% from the prior year.
• Full fiscal 2026 revenues totaled $6.925 billion, a 5% increase, with non-GAAP EPS at $8.13.
• Record all-flash array revenue of $1.2 billion and public cloud revenue of $182 million highlighted segment strength.
• Free cash flow surged 41% to $900 million in the quarter, supporting $1.36 billion returned to shareholders for the year.
• Company provided Q1 fiscal 2027 guidance with revenue expected between $1.750 billion and $1.900 billion.

Earnings Context and Why It Matters

NetApp’s fourth quarter and full fiscal year 2026 results, ending April 24, 2026, mark a pivotal close to a year focused on intelligent data infrastructure amid rising enterprise AI adoption. The company’s hybrid cloud and public cloud segments delivered consistent growth, reflecting sustained demand for secure, high-performance data solutions. Strong cash generation and capital returns underscore operational discipline, while record billings signal momentum heading into fiscal 2027. These results provide investors with clear visibility into NetApp’s ability to capitalize on data-driven transformations across industries.

Reported Results

NetApp delivered robust fourth-quarter performance with GAAP net revenues of $1.948 billion, up 12% year-over-year from $1.732 billion. GAAP net income rose 19% to $404 million, or $2.03 per share. Non-GAAP results showed even stronger gains, with EPS climbing 26% to $2.43, surpassing analyst consensus estimates of approximately $2.19. Full-year fiscal 2026 GAAP revenues reached $6.925 billion, up 5%, while non-GAAP EPS increased 12% to $8.13. Hybrid Cloud segment revenue grew 13% in the quarter to $1.766 billion, and Public Cloud revenue advanced 11% to $182 million. Record all-flash array revenue of $1.2 billion highlighted product demand. Free cash flow for the quarter jumped 41% to $900 million.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. AI Screener

Market Reaction and Investor Sentiment

NetApp shares typically experience volatility around earnings announcements, with historical reactions tied to beats on revenue and EPS alongside forward guidance. The strong Q4 beat on both top and bottom lines, combined with record cash flows, positioned the results favorably with investors. Positive sentiment was reinforced by segment growth in high-demand areas such as all-flash arrays and public cloud services, reflecting confidence in NetApp’s competitive positioning within the data infrastructure space.

Forward Outlook and Key Factors to Monitor

NetApp issued guidance for the first quarter of fiscal 2027, expecting revenues between $1.750 billion and $1.900 billion. Non-GAAP EPS is projected in the range of $2.05 to $2.15. For the full fiscal 2027 year, revenue guidance spans $7.325 billion to $7.575 billion, with non-GAAP EPS between $8.70 and $9.00.

Investors should watch execution on new AI-focused offerings, including the AI Data Engine co-engineered with NVIDIA and expanded partnerships with Google Cloud and others. Demand signals in hybrid cloud and all-flash storage remain critical, as does the company’s ability to sustain gross margin targets amid evolving competitive dynamics.

Additional areas to monitor include free cash flow trends, capital allocation through dividends and buybacks, and progress on cloud migration initiatives. Broader industry conditions in enterprise IT spending and AI infrastructure investment will also influence results.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations