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NetApp

NTAP · Information Technology

Last earnings Sep 2, 2026

Key results

Net revenuequarter

$1.56 billion

Net revenues of $1.56 billion for the first quarter News Summary &#x2022

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Revenuequarter

6%

revenue grew 6% year-over-year to $893 million in Q1, for an annualized net revenue run rate 2 of $3.6 billion &#x2022

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

revenue grew 33% year-over-year &#x2022

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Constant Currency 5 — Q1 FY 2026 versus Q1 FY 2025 • In constant currency, year-over-year, net revenues were flat and billings increased by 3%.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Non-GAAP net incomequarter

$10 million

• The year-over-year fluctuations of GAAP and Non-GAAP net income presented in the tables above each include a favorable impact of approximately $10 million from foreign currency exchange rate changes.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

EPSquarter

$0.05

• The year-over-year fluctuations of GAAP and Non-GAAP earnings per share presented in the tables above each include a favorable impact of approximately $0.05 from foreign currency exchange rate changes.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Gross marginquarter

$1,098 million

Gross profit 1,098 1,098

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Research and developmentquarter

$242 million

Research and development 242 252

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Net incomequarter

$233 million

Net income $ 233 $ 248

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

AI analysis

Q1 FY2026 · reported Aug 27, 2025

Based on: Earnings release + parent 8-K — transcript not held

Net revenue · Q1 FY2026
$1.56B
EX-99 · Aug 27, 2025
EPS · Q1 FY2026
$0.05
EX-99 · Aug 27, 2025
Net income · Q1 FY2026
$233M
EX-99 · Aug 27, 2025
Non-GAAP net income · Q1 FY2026
$10M
EX-99 · Aug 27, 2025

Headline figures

MetricQ1 FY2026Prior qtrYear ago
Net revenue$1.56 billion——
Revenue6%——
Non-GAAP net income$10 million——
EPS$0.05——
Gross margin$1,098 million——
Research and development$242 million——
Net income$233 million——

EX-99 · Aug 27, 2025

Guidance · company-stated

Direction: Raised

Company outlook — Raised

“These statements include, but are not limited to, all of the statements made in the Second Quarter of Fiscal Year 2026 Financial Outlook section and the Full Fiscal Year 2026 Financial Outlook section, and statements about our business, economic and market outlook, financial guidance, our overall future prospects, our ability to build future-proof AI-ready data infrastructures, modernize with cutting-edge cyber resilient storage solutions, deliver cloud services to facilitate seamless hybrid and multicloud transformations, and our ability to deliver increasing results and value for our stakeholders.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin$1,098M

Capital allocation

NetApp believes that the presentation of free cash flow, which it defines as the net cash provided by operating activities less cash used to acquire property and equipment, to be a liquidity measure that provides useful information to management and investors because it reflects cash that can be used to, among other things, invest in its business, make strategic acquisitions, repurchase common stock, and pay dividends on its common stock.

Debt extinguishment costs.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

NetApp Q1 FY2026 — Net revenues of $1.56 billion for the first quarter News Summary &#x2022

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Direction: Raised

Company outlook — Raised (“increasing”)
“These statements include, but are not limited to, all of the statements made in the Second Quarter of Fiscal Year 2026 Financial Outlook section and the Full Fiscal Year 2026 Financial Outlook section, and statements about our business, economic and market outlook, financial guidance, our overall future prospects, our ability to build future-proof AI-ready data infrastructures, modernize with cutting-edge cyber resilient storage solutions, deliver cloud services to facilitate seamless hybrid and multicloud transformations, and our ability to deliver increasing results and value for our stakeholders.”

Classified from the release's primary full-year outlook statement.

Capital allocation

NetApp believes that the presentation of free cash flow, which it defines as the net cash provided by operating activities less cash used to acquire property and equipment, to be a liquidity measure that provides useful information to management and investors because it reflects cash that can be used to, among other things, invest in its business, make strategic acquisitions, repurchase common stock, and pay dividends on its common stock.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Debt extinguishment costs.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

NetApp excludes certain non-recurring expenses incurred as a result of the early extinguishment of debt.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Strategy & priorities

• NetApp strengthened its North American sales leadership to accelerate growth and expand its AI and data infrastructure footprint with the appointment of Jim Gannon as Vice President of Strategic Sales and Darrin Hands as Vice President of Corporate, Midmarket and SMB Sales .

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

• Jenni Flinders , SVP of NetApp’s Worldwide Partner Organization, was named to CRN’s 2025 Power 100: Most Powerful Women of the Channel for leading a successful co-selling strategy aligning partner routes with customer segments.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

NetApp believes that the presentation of free cash flow, which it defines as the net cash provided by operating activities less cash used to acquire property and equipment, to be a liquidity measure that provides useful information to management and investors because it reflects cash that can be used to, among other things, invest in its business, make strategic acquisitions, repurchase common stock, and pay dividends on its common stock.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Risks & headwinds

• NetApp introduced a new enterprise-grade RAG architecture in collaboration with NVIDIA and Microsoft, leveraging Azure NetApp Files and NVIDIA AI Blueprint to overcome scaling challenges and deliver high-performance, secure, and efficient GenAI solutions.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

NetApp may periodically incur charges or benefits related to litigation settlements.

SEC original ↗NetApp — Earnings release (8-K exhibit)EX-99Aug 27, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Microsoft (MSFT) Information TechnologyTeradyne (TER) Information TechnologyASML Holding (ASML) Information TechnologyMicron Technology (MU) Information TechnologySeagate Technology (STX) Information TechnologyUnited Microelectronics (UMC) Information TechnologyMonolithic Power Systems (MPWR) Information TechnologyCoherent Corp. (COHR) Information Technology
Documents

Filings

63 documents

Earnings releases

23 documents

Presentations

0 documents

No presentations for NetApp are held in this edition of the library.

Transcripts

0 documents

No transcripts for NetApp are held in this edition of the library.

Mentioned by

4 companies

Other tracked companies whose held documents mention NetApp by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.