NetApp Q1 Beat and Raised Guidance Put AI Storage Growth in Focus
NetApp's fiscal Q1 beat and raised 2027 outlook spotlight AI storage demand, record flash and cloud sales, and the margin test ahead.
Zacks Investment Research9/7/2026Neutral
NTAP
NetApp IncNASDAQTECHNOLOGYSOFTWARE - INFRASTRUCTURE
Key Statistics
Market Cap
$36.45B
P/E Ratio
26.25
EPS
$7.07
Beta
1.43
52W High
$209.06
52W Low
$92.93
50-Day MA
$178.70
200-Day MA
$130.62
Dividend Yield
1.12%
Profit Margin
19.20%
Forward P/E
20.83
PEG Ratio
2.08
About NetApp Inc
NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in Sunnyvale, California. Founded in 1992 with an IPO in 1995, NetApp offers cloud data services for management of applications and data both online and physically.
Fundamentals
| Revenue (TTM) | $7.39B |
| Gross Profit (TTM) | $5.22B |
| EBITDA | $2.10B |
| Operating Margin | 26.70% |
| Return on Equity | 114.80% |
| Return on Assets | 11.70% |
| Revenue/Share (TTM) | $37.38 |
| Book Value | $6.89 |
| Price-to-Book | 24.36 |
| Price-to-Sales (TTM) | 4.93 |
| EV/Revenue | 4.786 |
| EV/EBITDA | 16.69 |
| Quarterly Earnings Growth (YoY) | 63.50% |
| Quarterly Revenue Growth (YoY) | 29.90% |
| Shares Outstanding | $196.42M |
| Float | $195.30M |
| % Insiders | 0.41% |
| % Institutions | 101.56% |
Historical Volatility
HV 10-Day
31.34%
HV 20-Day
35.31%
HV 30-Day
35.06%
HV 60-Day
39.21%
HV Rank
54.0%
Volatility is currently contracting
Analyst Ratings
Consensus ($194.19 target)
2
Strong Buy6
Buy12
HoldLatest News
Should You Buy NetApp Stock as AI Growth Meets a Premium Valuation?
NetApp enters fiscal 2027 with stronger AI, flash and cloud demand, but premium valuation and margin pressure leave less room for execution missteps.
Zacks Investment Research9/7/2026Neutral
NTAP Stock Up 14.8% in 3 Months Can AI Momentum Keep It Climbing?
NetApp's 14.8% three-month gain rides record all-flash growth, rising AI deal sizes and a higher fiscal 2027 outlook, even as margin risks build.
Zacks Investment Research9/7/2026Positive
Don't Overlook These 2 AI-Driven Tech Stocks After Earnings: CIEN, NTAP
While mega-cap AI stocks tend to grab most of the attention, investors shouldn't overlook Ciena (CIEN) and NetApp (NTAP) following record earnings reports this week.
Zacks Investment Research9/4/2026Positive
NTAP Q1 Earnings Beat Estimates on Hybrid, Public Cloud Revenue Growth
NetApp's record Q1 FY27 results show strong Hybrid and Public Cloud momentum as AI demand and modernization drive growth.
Zacks Investment Research9/4/2026Positive
NetApp Q1 Earnings Call Highlights Durable AI-Led Demand
NTAP raises its fiscal 2027 outlook as broad-based demand, AI-led infrastructure upgrades and flash momentum strengthen confidence in growth.
Zacks Investment Research9/3/2026Positive
NTAP Q1 Earnings & Revenues Top Estimates on AI and All-Flash Strength
NetApp posts record fiscal Q1 results as AI and modernization demand fuels revenue growth, flash momentum and a raised fiscal 2027 outlook.
Zacks Investment Research9/3/2026Positive
Thursday's First Moves: NTAP, FIVE & VSXY Earnings
NetApp (NTAP) initially popped on its earnings report, but as Diane King Hall points out, concerns over its free cash flow had investors second guessing the company's outlook. Five Below (FIVE) continues to show strength in discount retail in its earnings while Victoria's Secret (VSXY) plunges on its report.
Schwab Network9/3/2026Negative
NetApp Stock Is Buyable Here, Better In The $140s
NetApp, Inc. delivered a record fiscal first quarter, with revenues up 30% and EPS up 66%, beating all expectations. NTAP raised fiscal 2027 revenue guidance by $650 million, implying 17% growth, but expects slower growth in coming quarters. Profitability remains exceptional: gross margin near 71%, EBIT margin 24.5%, and return on equity over 100%, supporting an 18x earnings multiple.
Seeking Alpha9/3/2026Positive
NetApp Earnings Beat Estimates. The Stock Is Falling in a Big Way.
The company's fiscal first-quarter revenue grew 30% to $2.03 billion, beating Wall Street estimates of $1.84 billion.
Barrons9/3/2026Negative
Turn research into an automated options-selling system
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on NTAP and any ticker you trade — then tracks every position and per-strategy win rate.
More TECHNOLOGY Stocks
Data last updated: 9/7/2026