NetApp rises as quarterly results beat estimates

NetApp

25/11/2025 22:12

** Shares of data storage company NetApp NTAP.O up 4.6% at $116.60 after the bell

** NTAP posts adjusted Q2 profit of $2.05 per share, vs analysts' average estimates of $1.89, according to LSEG data, as it benefited from strong demand for high-capacity data storage

** Revenue for the quarter was $1.71 billion, beating estimates of $1.69 billion,

** Raises its 2026 adjusted profit per share forecast to be between $7.75 and $8.05, compared to a prior view of $7.60 to $7.90

** For the third quarter, NetApp expects revenue between $1.62 billion and $1.77 billion, compared with estimates of $1.71 billion

** Stock down 3.9% YTD

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))