- NetApp, Inc. (NASDAQ: NTAP) projects EPS of $2.12, up from $1.55 year-over-year.
- Revenue is estimated at $1.84 billion, an 18.2% increase, supported by an extra week in the quarter.
- Strong AI demand and cloud storage growth contribute to a positive outlook, with a price target raised to $206.
NetApp, Inc. (NASDAQ: NTAP) is a global company that provides data storage and management services. It helps businesses handle their information across different environments, including on-site and in the cloud. The company’s main offerings include flash storage systems, cloud data services, and its Keystone consumption-based service. It is listed on the NASDAQ exchange.
On September 2, 2026, NetApp, Inc. is scheduled to release its quarterly earnings report. Wall Street analysts have set an earnings per share (EPS) estimate of $2.12. This projection is a notable increase from the $1.55 per share reported in the same quarter of the previous year. The company itself anticipates an EPS between $2.05 and $2.15.
The consensus revenue estimate for NTAP is approximately $1.84 billion. This figure represents an 18.2% rise from the $1.56 billion reported a year ago. This growth is supported by an extra week in the quarter, which is expected to contribute about $65 million in revenue, as highlighted by Zacks Investment Research.
Strong demand driven by artificial intelligence (AI) is a key factor in the company’s positive outlook. NTAP’s cloud storage division grew by 30% in fiscal 2026. The company has a consistent record, having surpassed earnings estimates in each of the last four quarters. An analyst at BofA Securities also raised the price target on the stock to $206.
The company’s current ratio, a measure of its ability to pay short-term debts, is 1.44. A ratio above one suggests a company has more short-term assets than liabilities. NTAP also offers an annual dividend yield of 1.14%, which provides investors with a quarterly dividend of $0.52 per share.
