NetApp (NTAP) Expected to Announce Quarterly 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) will likely 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 may visit the the company's upcoming Q1 2026 earningresults 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 released its earnings results on Thursday, May 29th. The data storage provider reported $1.93 EPS for the quarter, topping 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 firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the firm posted $1.80 EPS. NetApp's revenue for the quarter was up 3.8% 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 2.5%

NTAP traded up $2.74 on Friday, hitting $110.52. 1,331,254 shares of the company were exchanged, compared to its average volume of 1,462,919. NetApp has a twelve month low of $71.84 and a twelve month high of $135.45. The company has a market cap of $22.14 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.48 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 firm has a 50-day moving average price of $105.83 and a two-hundred day moving average price of $100.54.

NetApp Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Evercore ISI lowered their target price on NetApp from $120.00 to $100.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company lowered their target price on NetApp from $115.00 to $100.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. Barclays boosted their target price on NetApp from $115.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. UBS Group lowered their price objective on NetApp from $115.00 to $108.00 and set a "neutral" rating for the company in a research report on Friday, May 30th. Finally, Morgan Stanley started coverage on NetApp in a research report on Thursday. They set an "equal weight" rating and a $115.00 price objective for the company. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $119.86.

Insider Activity at NetApp

In related news, EVP Elizabeth M. O'callahan sold 1,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $105.90, for a total value of $105,900.00. Following the completion of the sale, the executive vice president directly owned 23,251 shares of the company's stock, valued at $2,462,280.90. This represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurian sold 8,500 shares of the company's stock in a transaction dated Monday, August 18th. The shares were 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 directly owned 283,688 shares of the company's stock, valued at approximately $30,879,438.80. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,802 shares of company stock valued at $2,951,604 in the last three months. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of NetApp

A number of large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of NetApp in the 2nd quarter valued at about $203,000. State of Wyoming acquired a new stake in shares of NetApp in the 2nd quarter valued at about $379,000. Evergreen Capital Management LLC acquired a new stake in shares of NetApp in the 2nd quarter valued at about $3,524,000. MUFG Securities EMEA plc acquired a new stake in shares of NetApp in the 2nd quarter valued at about $64,000. Finally, Optimist Retirement Group LLC purchased a new stake in NetApp during the 2nd quarter valued at approximately $231,000. 92.17% of the stock is owned by institutional investors and hedge funds.

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.