NetApp (NTAP) Expected to Announce Quarterly Earnings on Thursday

NetApp (NASDAQ:NTAP) is anticipated to release its Q3 2026 results after the market closes on Thursday, February 26th. Analysts expect NetApp to post earnings of $2.07 per share and revenue of $1.6996 billion for the quarter. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. Interested persons may visit the the company’s upcoming Q3 2026 earning results page for the latest details on the call scheduled for Thursday, February 26, 2026 at 5:30 PM ET.

NetApp (NASDAQ:NTAP) last released its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.17. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business earned $1.87 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts expect NetApp to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NetApp Stock Up 0.2%

Shares of NetApp stock opened at $101.32 on Thursday. The company has a market capitalization of $20.07 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a 50 day moving average of $104.96 and a 200 day moving average of $111.49. NetApp has a 52-week low of $71.84 and a 52-week high of $127.78. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 2.52.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. NetApp’s dividend payout ratio is 36.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NTAP shares. Northland Securities set a $137.00 target price on shares of NetApp and gave the company an “outperform” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “hold (c+)” rating on shares of NetApp in a research report on Thursday, January 22nd. UBS Group boosted their price objective on shares of NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Wells Fargo & Company increased their target price on shares of NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a report on Wednesday, November 26th. Finally, Bank of America lifted their price target on shares of NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, NetApp has an average rating of “Moderate Buy” and an average price target of $122.86.

Insiders Place Their Bets

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total transaction of $103,450.00. Following the completion of the sale, the executive vice president directly owned 20,075 shares of the company’s stock, valued at $2,076,758.75. The trade was a 4.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NetApp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTAP. Arrowstreet Capital Limited Partnership raised its stake in shares of NetApp by 94.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,823,292 shares of the data storage provider’s stock valued at $215,987,000 after purchasing an additional 886,485 shares in the last quarter. AQR Capital Management LLC increased its holdings in NetApp by 71.6% in the third quarter. AQR Capital Management LLC now owns 1,849,218 shares of the data storage provider’s stock valued at $219,058,000 after buying an additional 771,835 shares during the last quarter. Wellington Management Group LLP raised its stake in NetApp by 17.1% during the third quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider’s stock valued at $582,296,000 after buying an additional 718,409 shares in the last quarter. Bank of America Corp DE lifted its holdings in NetApp by 83.0% during the 2nd quarter. Bank of America Corp DE now owns 1,544,513 shares of the data storage provider’s stock worth $164,568,000 after buying an additional 700,467 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NetApp by 17.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,127,533 shares of the data storage provider’s stock worth $442,018,000 after acquiring an additional 611,003 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.