NetApp, Fiscal Q3
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NetApp also said AI has become an increasingly important business driver with about 300 customers choosing NetApp in the last quarter for their AI workloads.
Data storage company NetApp (NASDAQ:NTAP) announced better-than-expected revenue in Q4 CY2025, with sales up 4.4% year on year to $1.71 billion. On top of that, next quarter’s revenue guidance ($1.87 billion at the midpoint) was surprisingly good and 4% above what analysts were expecting.
NetApp announced its third-quarter 2026 financial results. The third quarter ended on January 23, 2026. The numbers included: Net revenues reached $1.71
Analysts anticipate NetApp to report an earnings per share (EPS) of $1.91. The market awaits NetApp's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter. It's important for new investors to understand that guidance can be a significant driver of stock prices.
Wedbush said sentiment on NetApp (NTAP) is largely pessimistic heading into earnings but noted that the concerns may be overdone.
NetApp acquired Greenqloud in a deal to augment its efforts in cloud data services. Stefánsson joined the firm as VP of cloud services, before being named CTO and VP of cloud in 2018, and then CTO and SVP in the summer of 2022.
We recently published an article titled 12 Best Data Storage Stocks to Buy Right Now. On February 17, Citi analyst Asiya Merchant reduced the price target on NetApp, Inc. (NASDAQ:NTAP) to $110 from $125 while maintaining a Neutral rating,
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NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the third quarter of fiscal year 2026, which ended on January 23, 2026.