NetApp Reports Strong FY26 Results: Revenue Up 5% to $6.93B, EPS Jumps 12% to $6.35
NTAP sits 77% above its 52-week low of $93.69.
Summary
NetApp reported strong fiscal year 2026 results, with revenue increasing 5% year-over-year to $6.93 billion and diluted EPS rising 12% to $6.35. This positive full-year performance follows the strong Q4 FY25 results and optimistic Q1 FY27 guidance reported last week. Growth was driven by increased demand for both products and services, particularly all-flash solutions and cloud offerings, with services now accounting for 54% of total revenues.
At the time of this announcement, NTAP was trading at $165.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $33B. The 52-week trading range was $93.69 to $192.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.