NetApp Inc
NASDAQ:NTAP

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NetApp Inc
NASDAQ:NTAP
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Price: 114.11 USD -1.34% Market Closed
Market Cap: 22.8B USD

NetApp Inc
Investor Relations

In the dynamic landscape of technology firms, NetApp Inc. stands as a stalwart, rooted in the heart of Silicon Valley. Founded in 1992, it has carved its niche in the realm of data management and hybrid cloud services. Steadily adapting to the ever-evolving demands of the digital age, NetApp facilitates data storage and management solutions, helping businesses streamline their IT infrastructures both on-premises and in the cloud. At its core, the company prides itself on empowering organizations to unleash the full potential of their data by providing scalable, high-performance storage systems and software that extend across their full spectrum of data environments. Through its unified hybrid cloud approach, NetApp leverages its proprietary ONTAP software to create seamless, agile data fabrics for enterprises, helping them harness critical insights and collaborate more effectively.

In crafting its revenue stream, NetApp primarily caters to corporate clients across a variety of industries, offering solutions that range from efficient storage hardware to sophisticated software services. The company earns through direct sales and partnerships with a robust network of resellers and channel partners. Its growth trajectory has evolved in tandem with its strategic acquisitions and innovations, as seen in its expansion into cloud services and solutions—an area that continues to gain momentum as enterprises pivot towards cloud-centric operations. Despite the intense competition, NetApp's blend of innovation, strategic alignment, and customer-centric solutions positions it as a formidable player in the tech industry, keeping it ahead in a world where the value of data continues to escalate.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 25, 2025
AI Summary
Q2 2026

Revenue Growth: NetApp reported Q2 revenue of $1.71 billion, up 3% year-over-year, exceeding the midpoint of its guidance.

Margin Records: Gross margin hit a Q2 record of 72.6%, surpassing guidance; operating margin and EPS both reached all-time highs.

AI & Cloud Momentum: AI-related deals nearly doubled year-over-year, and first-party and marketplace cloud services revenue grew 32% versus Q2 last year.

All Flash Strength: All-flash array revenue rose 9% year-over-year to $1 billion, with 46% of installed base systems under active support now All Flash.

Guidance Raised: NetApp increased its full-year guidance for gross margin, operating margin, and EPS based on strong Q2 results and a positive outlook.

Keystone & SaaS Growth: Keystone storage-as-a-service revenue grew 76% year-over-year, reflecting rising demand for flexible consumption models.

Macro and Public Sector: U.S. public sector revenue was softer than expected due to a government shutdown, but other geographies performed well.

Operational Discipline: Operating expenses stayed flat sequentially and were down 2% year-over-year, helping drive profitability.

Key Financials
Revenue
$1.71B
Earnings Per Share
$2.05
Gross Margin
72.6%
Operating Margin
31.1%
Hybrid Cloud Revenue
$1.53B
Public Cloud Revenue
$171M
All Flash Array Revenue
$1B
Keystone Revenue Growth
76% year-over-year
Deferred Revenue
$4.45B
Free Cash Flow
$78M
Cash and Short-Term Investments
$3B
Net Cash Position
$528M
Share Repurchases
$250M
Dividends Paid
$103M
Diluted Share Count
202M
Earnings Call Recording
Other Earnings Calls

Management

Mr. George Kurian
CEO & Director
No Bio Available
Mr. Cesar Cernuda Rego
President
No Bio Available
Mr. Michael J. Berry
Executive VP & CFO
No Bio Available
Ms. Elizabeth M. O'Callahan J.D.
Executive VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Harvinder S. Bhela
Executive VP & Chief Product Officer
No Bio Available
Mr. Gus Shahin
Executive Vice President of Business Technology & Operations
No Bio Available
Mr. Daniel De Lorenzo
VP, Controller & Chief Accounting Officer
No Bio Available
Ms. Kris Newton
VP of Corporate Communications & Investor Relations
No Bio Available
Ms. Gabrielle Boko
Chief Marketing Officer
No Bio Available
Dr. Alessandra Ginante Yockelson
Executive VP & CHRO
No Bio Available

Contacts

Address
CALIFORNIA
San Jose
3060 Olsen Drive
Contacts
+14088226000.0
www.netapp.com