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NetApp Earnings Calls
| Release date | May 28, 2026 |
| EPS estimate | $2.27 |
| EPS actual | $2.43 |
| EPS Surprise | 7.05% |
| Revenue estimate | 1.871B |
| Revenue actual | 1.948B |
| Revenue Surprise | 4.11% |
| Release date | Feb 26, 2026 |
| EPS estimate | $2.06 |
| EPS actual | $2.12 |
| EPS Surprise | 2.91% |
| Revenue estimate | 1.696B |
| Revenue actual | 1.713B |
| Revenue Surprise | 1.03% |
| Release date | Nov 25, 2025 |
| EPS estimate | $1.88 |
| EPS actual | $2.05 |
| EPS Surprise | 9.04% |
| Revenue estimate | 1.687B |
| Revenue actual | 1.705B |
| Revenue Surprise | 1.05% |
| Release date | Aug 27, 2025 |
| EPS estimate | $1.54 |
| EPS actual | $1.55 |
| EPS Surprise | 0.649% |
| Revenue estimate | 1.546B |
| Revenue actual | 1.557B |
| Revenue Surprise | 0.724% |
Last 4 Quarters for NetApp
Below you can see how NTAP performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 27, 2025 |
| Price on release | $112.13 |
| EPS estimate | $1.54 |
| EPS actual | $1.55 |
| EPS surprise | 0.649% |
| Date | Price |
|---|---|
| Aug 21, 2025 | $107.78 |
| Aug 22, 2025 | $110.52 |
| Aug 25, 2025 | $111.01 |
| Aug 26, 2025 | $109.41 |
| Aug 27, 2025 | $112.13 |
| Aug 28, 2025 | $117.22 |
| Aug 29, 2025 | $112.79 |
| Sep 02, 2025 | $115.37 |
| Sep 03, 2025 | $116.47 |
| 4 days before | 4.04% |
| 4 days after | 3.87% |
| On release day | 4.54% |
| Change in period | 8.07% |
| Release date | Nov 25, 2025 |
| Price on release | $111.48 |
| EPS estimate | $1.88 |
| EPS actual | $2.05 |
| EPS surprise | 9.04% |
| Date | Price |
|---|---|
| Nov 19, 2025 | $106.27 |
| Nov 20, 2025 | $103.24 |
| Nov 21, 2025 | $107.30 |
| Nov 24, 2025 | $108.96 |
| Nov 25, 2025 | $111.48 |
| Nov 26, 2025 | $109.25 |
| Nov 28, 2025 | $111.56 |
| Dec 01, 2025 | $112.27 |
| Dec 02, 2025 | $115.83 |
| 4 days before | 4.90% |
| 4 days after | 3.90% |
| On release day | -2.00% |
| Change in period | 9.00% |
| Release date | Feb 26, 2026 |
| Price on release | $99.14 |
| EPS estimate | $2.06 |
| EPS actual | $2.12 |
| EPS surprise | 2.91% |
| Date | Price |
|---|---|
| Feb 20, 2026 | $102.48 |
| Feb 23, 2026 | $100.53 |
| Feb 24, 2026 | $99.87 |
| Feb 25, 2026 | $101.88 |
| Feb 26, 2026 | $99.14 |
| Feb 27, 2026 | $99.03 |
| Mar 02, 2026 | $100.15 |
| Mar 03, 2026 | $98.79 |
| Mar 04, 2026 | $99.55 |
| 4 days before | -3.26% |
| 4 days after | 0.414% |
| On release day | -0.111% |
| Change in period | -2.86% |
| Release date | May 28, 2026 |
| Price on release | $142.40 |
| EPS estimate | $2.27 |
| EPS actual | $2.43 |
| EPS surprise | 7.05% |
| Date | Price |
|---|---|
| May 21, 2026 | $123.95 |
| May 22, 2026 | $139.36 |
| May 26, 2026 | $138.95 |
| May 27, 2026 | $142.74 |
| May 28, 2026 | $142.40 |
| May 29, 2026 | $174.29 |
| Jun 01, 2026 | $179.70 |
| Jun 02, 2026 | $175.64 |
| Jun 03, 2026 | $181.08 |
| 4 days before | 14.89% |
| 4 days after | 27.16% |
| On release day | 22.39% |
| Change in period | 46.10% |
NetApp Earnings Call Transcript Summary of Q2 2026
NetApp reported a strong Q2 with revenue of $1.71B (+3% YoY; +4% ex-Spot) and non-GAAP EPS of $2.05, driven by growth in all-flash, public cloud, and AI-related solutions. All-flash and cloud (first-party and marketplace) now comprise ~70% of revenue; all-flash ARR run rate hit ~$4.1B and ~46% of installed systems under support are all-flash. NetApp announced new AI initiatives—AFX (disaggregated storage for NVIDIA SuperPOD) and AIDE (AI data engine integrated into ONTAP)—and expanded cloud integrations across AWS, Azure, and Google Cloud. Keystone storage-as-a-service is growing rapidly (+76% YoY). Gross margin hit a Q2 record at 72.6%, above guidance, enabling operating margin of 31.1% and EPS that exceeded guidance. Deferred revenue and RPO metrics strengthened (deferred revenue $4.45B, RPO $4.9B, unbilled RPO +39% YoY). Management raised fiscal 2026 margin and EPS ranges (FY revenue guide $6.625B–$6.875B; EPS $7.75–$8.05; gross margin 71.7%–72.7%; operating margin 29.5%–30.5%). Near-term headwinds include U.S. public sector softness (shutdown effects) and commodity price volatility; management says they have component price/commitments visibility into year-end and will manage mix, pricing, and supply proactively. Capital returns continued ($250M buybacks, $103M dividends); net cash ~ $528M. Overall message: strong execution, product and cloud momentum, meaningful AI product launches, and conservative but upgraded financial posture for FY26.
