NetApp Inc reports results for the quarter ended April 30 - Earnings Summary

NetApp

28/05/2026 22:01

NetApp Inc NTAP.OQ reported quarterly adjusted earnings of $2.43​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $1.93.  The mean expectation of eighteen analysts for the quarter was for earnings of $2.27 per share. Wall Street expected results to range from $2.25  to $2.31 per share.
Revenue rose 12.5% to $1.95 billion from a year ago; analysts expected $1.87 billion. 
NetApp Inc's reported EPS for the quarter was $2.03​.
The company reported quarterly net income of $404 million.
NetApp Inc shares had risen by 39.4% this quarter and gained 33.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.8% in the last three months.​ 
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the computer hardware peer group is  "buy."
Wall Street's median 12-month price target for NetApp Inc is $116.00, about 23.1% below its last closing price of $142.74
This summary was machine generated from LSEG data May 28 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Apr. 30 2026 
2.27
2.43
Beat
Jan. 31 2026 
2.07
2.12
Beat
Oct. 31 2025 
1.89
2.05
Beat
Jul. 31 2025 
1.54
1.55
Beat