NetApp (NTAP) to Release Earnings on Wednesday

Key Points

• NetApp will release its Q1 2026 earnings on August 27, 2025, with analysts expecting earnings of $1.54 per share and revenue of $1.5381 billion.
• The company reported a 3.8% year-over-year revenue increase in its last quarterly earnings, achieving $1.73 billion, along with a net margin of 18.05% and return on equity of 126.96%.
• Insider transactions revealed that CEO George Kurian sold 8,500 shares, indicating a 2.78% decrease in ownership, while institutional investors now hold 92.17% of NetApp's stock.

NetApp (NASDAQ:NTAP - Get Free Report) is expected to be announcing its Q1 2026 results after the market closes on Wednesday, August 27th. Analysts expect the company to announce 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.Investors are encouraged to explore the company's upcoming Q1 2026 earningoverview page for the latest details on the call scheduled for Wednesday, August 27, 2025 at 5:30 PM ET.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its earnings results 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 return on equity of 126.96% and a net margin of 18.05%.The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business posted $1.80 earnings per share. NetApp'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 2.5%

Shares of NASDAQ NTAP traded up $2.74 during mid-day trading on Friday, hitting $110.52. 1,331,254 shares of the company traded hands, compared to its average volume of 1,484,824. NetApp has a 1 year low of $71.84 and a 1 year high of $135.45. The stock has a market capitalization of $22.14 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.58 and a beta of 1.44. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. The business has a 50 day moving average of $105.83 and a two-hundred day moving average of $100.22.

NetApp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. NetApp's dividend payout ratio is currently 36.62%.

Analyst Upgrades and Downgrades

NTAP has been the subject of several analyst reports. UBS Group reduced their target price on NetApp from $115.00 to $108.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Wells Fargo & Company reduced their target price on NetApp from $115.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Evercore ISI reduced their target price on NetApp from $120.00 to $100.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Morgan Stanley initiated coverage on NetApp in a report on Thursday. They set an "equal weight" rating and a $115.00 target price for the company. Finally, Wedbush reaffirmed a "neutral" rating and set a $110.00 target price on shares of NetApp in a report on Friday, May 30th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, NetApp has an average rating of "Hold" and an average target price of $119.86.

Insiders Place Their Bets

In other NetApp news, CEO George Kurian sold 8,500 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $108.85, for a total value of $925,225.00. Following the completion of the sale, the chief executive officer owned 283,688 shares of the company's stock, valued at $30,879,438.80. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lorenzo Daniel De sold 302 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $98.77, for a total value of $29,828.54. Following the completion of the sale, the chief accounting officer directly owned 455 shares of the company's stock, valued at $44,940.35. This represents a 39.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,802 shares of company stock valued at $2,951,604 over the last quarter. Insiders own 0.28% of the company's stock.

Institutional Trading of NetApp

A number of institutional investors and hedge funds have recently made changes to their positions in NTAP. MUFG Securities EMEA plc acquired a new stake in shares of NetApp in the second quarter worth about $64,000. Geneos Wealth Management Inc. lifted its position in shares of NetApp by 38.3% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider's stock worth $67,000 after buying an additional 210 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of NetApp in the second quarter worth about $203,000. Optimist Retirement Group LLC acquired a new stake in shares of NetApp in the second quarter worth about $231,000. Finally, ICONIQ Capital LLC bought a new position in shares of NetApp in the second quarter worth about $250,000. Institutional investors and hedge funds own 92.17% of the company's stock.

NetApp Company Profile

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.