NetApp (NTAP) to Release Earnings on Wednesday

NetApp (NASDAQ:NTAP) is expected to announce its Q1 2026 results after the market closes on Wednesday, August 27th. Analysts expect NetApp to post earnings of $1.54 per share and revenue of $1.5381 billion for the quarter. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q1 2026 guidance at 1.480-1.580 EPS.Interested persons may review the information on the company’s upcoming Q1 2026 earningreport for the latest details on the call scheduled for Wednesday, August 27, 2025 at 5:30 PM ET.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Thursday, May 29th. The data storage provider reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. NetApp had a net margin of 18.05% and a return on equity of 126.96%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. On average, analysts expect NetApp to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NetApp Trading Up 0.2%

Shares of NetApp stock opened at $109.16 on Wednesday. NetApp has a 12-month low of $71.84 and a 12-month high of $135.45. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.50 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 2.39. The company’s 50-day moving average price is $105.42 and its 200-day moving average price is $100.65.

NetApp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. NetApp’s dividend payout ratio is presently 36.62%.

Insiders Place Their Bets

In other NetApp news, CEO George Kurian sold 8,500 shares of NetApp stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $101.78, for a total transaction of $865,130.00. Following the transaction, the chief executive officer directly owned 296,805 shares of the company’s stock, valued at approximately $30,208,812.90. This trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lorenzo Daniel De sold 302 shares of NetApp stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $98.77, for a total transaction of $29,828.54. Following the transaction, the chief accounting officer directly owned 455 shares in the company, valued at $44,940.35. This trade represents a 39.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,302 shares of company stock valued at $2,026,379. 0.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NTAP. Geneos Wealth Management Inc. raised its position in shares of NetApp by 38.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock worth $67,000 after purchasing an additional 210 shares during the last quarter. Cerity Partners LLC raised its position in shares of NetApp by 9.9% in the 2nd quarter. Cerity Partners LLC now owns 46,792 shares of the data storage provider’s stock worth $4,986,000 after purchasing an additional 4,232 shares during the last quarter. Bank of Nova Scotia raised its position in NetApp by 7.3% in the 2nd quarter. Bank of Nova Scotia now owns 24,301 shares of the data storage provider’s stock worth $2,589,000 after buying an additional 1,662 shares during the last quarter. NewEdge Advisors LLC raised its position in NetApp by 12.7% in the 2nd quarter. NewEdge Advisors LLC now owns 20,161 shares of the data storage provider’s stock worth $2,148,000 after buying an additional 2,277 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in NetApp by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,876 shares of the data storage provider’s stock worth $10,109,000 after buying an additional 1,993 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

Analyst Ratings Changes

NTAP has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of NetApp from $115.00 to $108.00 and set a “neutral” rating on the stock in a report on Friday, May 30th. Morgan Stanley reissued a “cautious” rating on shares of NetApp in a report on Tuesday, May 20th. JPMorgan Chase & Co. increased their price target on shares of NetApp from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Citigroup increased their price target on shares of NetApp from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Finally, Barclays raised their target price on shares of NetApp from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $119.21.

About NetApp

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.