NetApp

NTAP

Market cap $22.1B

The iPhone maker leads the way for the sector in terms of dollars spent on stock buybacks. But other tech companies have reduced their share counts significantly, as well.

NTAP posts higher earnings and lifts its fiscal outlook as AI demand, cloud storage momentum and all-flash strength drive quarterly growth.

NetApp Inc (NASDAQ:NTAP) reported largely in-line financial results for the fiscal second quarter 2026, with an earnings beat and margin outperformance bright spots for the data infrastructure company. For the quarter ending October 24, the company posted net revenues of $1.71 billion, up 3% from the same period a year earlier and slightly surpassing Wall Street estimates of approximately $1.69 billion.

NetApp (NTAP) offers compelling value as it navigates AI-driven infrastructure shifts and uncertain demand, trading at a discount to faster-growing peers. NTAP's recent Q2 beat-and-raise, improved gross margin guidance, and higher EPS outlook highlight its high-margin recurring business and operational resilience. Despite slower growth and market share concerns, NTAP's attractive 14.4x FY26 P/E and margin expansion support a continued buy rating.

NetApp, Inc. ( NTAP ) Q2 2026 Earnings Call November 25, 2025 5:30 PM EST Company Participants Kris Newton - VP of Corporate Communications & Investor Relations George Kurian - CEO & Director Wissam Jabre - Executive VP & CFO Conference Call Participants Aaron Rakers - Wells Fargo Securities, LLC, Research Division Erik Woodring - Morgan Stanley, Research Division Samik Chatterjee - JPMorgan Chase & Co, Research Division David Vogt - UBS Investment Bank, Research Division Sreekrishnan Sankarnarayanan - TD Cowen, Research Division Steven Fox - Fox Advisors LLC Timothy Long - Barclays Bank PLC, Research Division Simon Leopold - Raymond James & Associates, Inc., Research Division Jason Ader - William Blair & Company L.L.C., Research Division Ananda Baruah - Loop Capital Markets LLC, Research Division Louis Miscioscia - Daiwa Securities Co. Ltd.

Although the revenue and EPS for NetApp (NTAP) give a sense of how its business performed in the quarter ended October 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

NetApp (NTAP) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $1.87 per share a year ago.

NetApp, Inc. (NASDAQ: NTAP) shares soared after the company released its second-quarter earnings report after Tuesday's closing bell, beating estimates on the top and bottom lines.

NetApp beat Wall Street estimates for second-quarter profit and revenue on Tuesday, helped by strong demand for its data storage services and all-flash storage products used in artificial intelligence applications.

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the second quarter of fiscal year 2026, which ended on October 24, 2025. “Through strong execution and operational discipline, we delivered an outstanding second quarter with revenue growth driven by strong demand for our AI solutions, first-party and marketplace cloud storage services, and all-flash offerings,” said George Kurian, Chief Executive Officer.