NetApp Shares Surge 17% on Strong Earnings and Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: seekingalpha
- Significant Earnings Growth: NetApp reported a 12% year-over-year revenue increase, with public cloud and hybrid cloud growing by 11% and 13% respectively, indicating strong market support driven by enterprise spending and AI demand, which has significantly boosted overall performance.
- Analyst Rating Upgrades: Barclays analyst Tim Long raised NetApp's price target from $134 to $199, maintaining an Overweight rating, highlighting robust growth and margin expansion across the board, reflecting optimistic market expectations for the company's future performance.
- Cautious Market Outlook: Wedbush Securities' Matt Bryson holds a Neutral stance on NetApp but increased the price target from $115 to $150, noting that pricing trends could enhance revenue growth, demonstrating recognition of the company's future potential.
- AI Demand Driving Growth: Morgan Stanley analyst Erik Woodring believes that while NetApp's stock is nearing historical peaks, improving demand from artificial intelligence is expected to further enhance future performance, leading to a price target increase from $88 to $137, reflecting confidence in the company's growth trajectory.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy NTAP?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on NTAP
Wall Street analysts forecast NTAP stock price to fall
19 Analyst Rating
6 Buy
13 Hold
0 Sell
Moderate Buy
Current: 142.400
Low
110.00
Averages
124.21
High
137.00
Current: 142.400
Low
110.00
Averages
124.21
High
137.00
About NTAP
NetApp, Inc. is an intelligent data infrastructure company combining unified data storage, integrated data, operational and workload services. It creates silo-free infrastructure, harnessing observability and AI to enable data management. Its operational and workload services provide continuous optimization of performance and efficiency for infrastructure and workloads through observability and AI. Its Hybrid Cloud segment provides a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services and operational services. These solutions and services are available in the public clouds, including Amazon AWS, Microsoft Azure, and Google Cloud.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NetApp Reports Strong Q4 Earnings, Stock Hits All-Time High
- Significant Earnings Growth: NetApp's net income surged by 19% year-over-year to $404 million in Q4 FY2026, demonstrating strong performance amid rapid AI growth, which further solidifies its market position.
- Revenue Continues to Rise: The company reported a 12.47% increase in net revenues to $1.948 billion, reflecting its leadership in hybrid cloud and intelligent data infrastructure, driving customer AI transformations.
- Impressive Annual Performance: For FY2026, NetApp's net income grew by 8% to $1.276 billion, with annual revenues increasing by 5% to $6.925 billion, indicating record highs across financial metrics and boosting investor confidence.
- Clear Strategic Positioning: CEO George Kurian emphasized that NetApp's unified data platform and flexible offerings support enterprises' AI scaling ambitions, ensuring sustained growth potential for the company despite competition from other AI stocks.
See More
US Stock Indices Reach All-Time Highs Amid Positive Economic Signals
- Strong Market Performance: The S&P 500 rose by 0.22%, the Dow Jones Industrial Average increased by 0.72%, and the Nasdaq 100 climbed by 0.36%, with all three indices reaching new all-time highs, reflecting market confidence in economic recovery.
- Tech Stocks Lead Gains: Dell Technologies surged 32% after reporting Q1 total revenue of $43.84 billion, significantly exceeding the consensus estimate of $35.52 billion, and raised its 2027 revenue forecast to between $165 billion and $169 billion, indicating strong market demand and growth potential.
- Positive Economic Data: The May Chicago PMI rose by 13.5 to 62.7, far surpassing expectations of 50.3, marking the fastest expansion pace in 4.25 years, which further bolstered market confidence in stocks.
- Oil Price Decline Benefits Stocks: Crude oil prices fell over 1% to a five-week low due to a preliminary agreement between the US and Iran, easing inflation concerns and supporting the upward trend in the stock market.
See More
NetApp Shares Surge 26.53% Following Strong Earnings Report
- Earnings Beat Expectations: NetApp reported a 26% year-over-year increase in earnings for fiscal Q4 2026, reaching $2.43 per share, significantly surpassing analyst expectations of $2.27, highlighting the company's robust profitability and market demand.
- Significant Revenue Growth: The company's quarterly revenue rose 13% year-over-year to $1.95 billion, exceeding market expectations of $1.87 billion, indicating NetApp's sustained competitiveness in the data storage market.
- Stock Hits All-Time High: With shares surpassing $170, NetApp's stock price eclipsed the previous record of $148.63 set in 2000, reflecting strong investor confidence in the company's future growth prospects.
- Positive Future Outlook: Management's guidance for fiscal year 2027 consistently exceeds analyst projections, indicating strong demand and growth potential in the AI and data management sectors, further solidifying its market position.
See More
NetApp's Q4 Earnings Exceed Expectations, Stock Hits All-Time High
- Strong Earnings Report: NetApp's fiscal Q4 2026 earnings per share reached $2.43, a 26% year-over-year increase, significantly surpassing analyst expectations of $2.27, highlighting the company's robust profitability and market demand.
- Significant Revenue Growth: The company reported revenue of $1.95 billion, a 13% increase from the previous year, exceeding market expectations of $1.87 billion, indicating sustained growth potential in the data storage and management sector.
- Stock Price Breaks Historical High: Following the earnings report, NetApp's stock surged to $170, surpassing the previous all-time high of $148.63 set in 2000, reflecting strong investor confidence in the company's future prospects.
- Strong Demand in AI Market: CEO George Kurian emphasized that as enterprise AI adoption scales, the need to manage large volumes of unstructured data is increasing, positioning NetApp's services as a critical driver of ongoing growth.
See More
US Stock Indices Reach All-Time Highs Amid Positive Economic Signals
- Market Surge: The S&P 500 rose by 0.21%, the Dow Jones Industrial Average increased by 0.65%, and the Nasdaq 100 climbed by 0.25%, with all three indices reaching new all-time highs, reflecting strong market confidence in economic recovery.
- Tech Stocks Rally: Dell Technologies surged over 31% after reporting Q1 total revenue of $43.84 billion, significantly exceeding the consensus estimate of $35.52 billion, and raised its 2027 revenue forecast to $165 billion to $169 billion, indicating robust demand for AI infrastructure.
- Positive Economic Indicators: The May MNI Chicago PMI jumped 13.5 to 62.7, well above the expected 50.3, marking the strongest expansion pace in 4.25 years, which supports the bullish sentiment in the stock market.
- Oil Price Decline: Crude oil prices fell more than 1% to a five-week low as the US and Iran tentatively agreed to extend a ceasefire, easing inflation concerns and fostering optimism about the economic outlook.
See More
Energy Stocks Decline as Nextpower Acquires Battery Firm
- Energy Sector Decline: Energy stocks fell for the fourth consecutive day after President Trump indicated a potential deal to end the U.S.-Iran conflict, with OneOK leading the S&P 500 energy sector down over 3%, reflecting market concerns about the industry's outlook.
- Nextpower Acquisition: Nextpower's stock surged 13% following its announcement of acquiring battery storage company Prevalon Energy for approximately $365 million, while also raising its full-year revenue guidance, indicating its strategic expansion in the renewable energy sector.
- Dell Technologies Surge: Dell Technologies' shares jumped 29% after raising its full-year guidance, projecting adjusted earnings of $17.90 per share and revenue between $165 billion and $169 billion, significantly exceeding analyst expectations, showcasing strong market demand recovery.
- American Eagle's Poor Performance: American Eagle Outfitters' shares dropped 13% as comparable sales at its American Eagle banner fell 2% in Q1, with second-quarter guidance disappointing analysts, highlighting the sales pressure and intensified competition it faces.
See More
NetApp Reports Strong Q4 Earnings, Stock Hits All-Time High
- Significant Earnings Growth: NetApp's net income surged by 19% year-over-year to $404 million in Q4 FY2026, demonstrating strong performance amid rapid AI growth, which further solidifies its market position.
- Revenue Continues to Rise: The company reported a 12.47% increase in net revenues to $1.948 billion, reflecting its leadership in hybrid cloud and intelligent data infrastructure, driving customer AI transformations.
- Impressive Annual Performance: For FY2026, NetApp's net income grew by 8% to $1.276 billion, with annual revenues increasing by 5% to $6.925 billion, indicating record highs across financial metrics and boosting investor confidence.
- Clear Strategic Positioning: CEO George Kurian emphasized that NetApp's unified data platform and flexible offerings support enterprises' AI scaling ambitions, ensuring sustained growth potential for the company despite competition from other AI stocks.
See More
US Stock Indices Reach All-Time Highs Amid Positive Economic Signals
- Strong Market Performance: The S&P 500 rose by 0.22%, the Dow Jones Industrial Average increased by 0.72%, and the Nasdaq 100 climbed by 0.36%, with all three indices reaching new all-time highs, reflecting market confidence in economic recovery.
- Tech Stocks Lead Gains: Dell Technologies surged 32% after reporting Q1 total revenue of $43.84 billion, significantly exceeding the consensus estimate of $35.52 billion, and raised its 2027 revenue forecast to between $165 billion and $169 billion, indicating strong market demand and growth potential.
- Positive Economic Data: The May Chicago PMI rose by 13.5 to 62.7, far surpassing expectations of 50.3, marking the fastest expansion pace in 4.25 years, which further bolstered market confidence in stocks.
- Oil Price Decline Benefits Stocks: Crude oil prices fell over 1% to a five-week low due to a preliminary agreement between the US and Iran, easing inflation concerns and supporting the upward trend in the stock market.
See More
NetApp Shares Surge 26.53% Following Strong Earnings Report
- Earnings Beat Expectations: NetApp reported a 26% year-over-year increase in earnings for fiscal Q4 2026, reaching $2.43 per share, significantly surpassing analyst expectations of $2.27, highlighting the company's robust profitability and market demand.
- Significant Revenue Growth: The company's quarterly revenue rose 13% year-over-year to $1.95 billion, exceeding market expectations of $1.87 billion, indicating NetApp's sustained competitiveness in the data storage market.
- Stock Hits All-Time High: With shares surpassing $170, NetApp's stock price eclipsed the previous record of $148.63 set in 2000, reflecting strong investor confidence in the company's future growth prospects.
- Positive Future Outlook: Management's guidance for fiscal year 2027 consistently exceeds analyst projections, indicating strong demand and growth potential in the AI and data management sectors, further solidifying its market position.
See More
NetApp's Q4 Earnings Exceed Expectations, Stock Hits All-Time High
- Strong Earnings Report: NetApp's fiscal Q4 2026 earnings per share reached $2.43, a 26% year-over-year increase, significantly surpassing analyst expectations of $2.27, highlighting the company's robust profitability and market demand.
- Significant Revenue Growth: The company reported revenue of $1.95 billion, a 13% increase from the previous year, exceeding market expectations of $1.87 billion, indicating sustained growth potential in the data storage and management sector.
- Stock Price Breaks Historical High: Following the earnings report, NetApp's stock surged to $170, surpassing the previous all-time high of $148.63 set in 2000, reflecting strong investor confidence in the company's future prospects.
- Strong Demand in AI Market: CEO George Kurian emphasized that as enterprise AI adoption scales, the need to manage large volumes of unstructured data is increasing, positioning NetApp's services as a critical driver of ongoing growth.
See More
US Stock Indices Reach All-Time Highs Amid Positive Economic Signals
- Market Surge: The S&P 500 rose by 0.21%, the Dow Jones Industrial Average increased by 0.65%, and the Nasdaq 100 climbed by 0.25%, with all three indices reaching new all-time highs, reflecting strong market confidence in economic recovery.
- Tech Stocks Rally: Dell Technologies surged over 31% after reporting Q1 total revenue of $43.84 billion, significantly exceeding the consensus estimate of $35.52 billion, and raised its 2027 revenue forecast to $165 billion to $169 billion, indicating robust demand for AI infrastructure.
- Positive Economic Indicators: The May MNI Chicago PMI jumped 13.5 to 62.7, well above the expected 50.3, marking the strongest expansion pace in 4.25 years, which supports the bullish sentiment in the stock market.
- Oil Price Decline: Crude oil prices fell more than 1% to a five-week low as the US and Iran tentatively agreed to extend a ceasefire, easing inflation concerns and fostering optimism about the economic outlook.
See More
Energy Stocks Decline as Nextpower Acquires Battery Firm
- Energy Sector Decline: Energy stocks fell for the fourth consecutive day after President Trump indicated a potential deal to end the U.S.-Iran conflict, with OneOK leading the S&P 500 energy sector down over 3%, reflecting market concerns about the industry's outlook.
- Nextpower Acquisition: Nextpower's stock surged 13% following its announcement of acquiring battery storage company Prevalon Energy for approximately $365 million, while also raising its full-year revenue guidance, indicating its strategic expansion in the renewable energy sector.
- Dell Technologies Surge: Dell Technologies' shares jumped 29% after raising its full-year guidance, projecting adjusted earnings of $17.90 per share and revenue between $165 billion and $169 billion, significantly exceeding analyst expectations, showcasing strong market demand recovery.
- American Eagle's Poor Performance: American Eagle Outfitters' shares dropped 13% as comparable sales at its American Eagle banner fell 2% in Q1, with second-quarter guidance disappointing analysts, highlighting the sales pressure and intensified competition it faces.
See More
