NetApp (NASDAQ:NTAP) Issues Q3 2026 Earnings Guidance

NetApp (NASDAQ:NTAP) issued an update on its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.010-2.110 for the period, compared to the consensus earnings per share estimate of 1.910. The company issued revenue guidance of $1.6 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion. NetApp also updated its FY 2026 guidance to 7.750-8.050 EPS.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America lifted their price target on NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a research report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of NetApp in a research note on Thursday, October 16th. UBS Group boosted their target price on NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays increased their price target on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Northland Capmk raised shares of NetApp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, NetApp currently has a consensus rating of “Moderate Buy” and an average price target of $124.07.

NetApp Price Performance

Shares of NTAP stock opened at $109.25 on Thursday. The stock has a 50 day moving average price of $116.11 and a 200 day moving average price of $110.16. NetApp has a 52-week low of $71.84 and a 52-week high of $131.30. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.28 and a current ratio of 1.31. The firm has a market capitalization of $21.81 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.48 and a beta of 1.46.

NetApp (NASDAQ:NTAP) last released its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. NetApp had a return on equity of 123.24% and a net margin of 17.77%.The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $1.87 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS. Q3 2026 guidance at 2.010-2.110 EPS. As a group, sell-side analysts predict that NetApp will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. NetApp’s dividend payout ratio (DPR) is presently 36.75%.

Insider Buying and Selling at NetApp

In other news, CAO Lorenzo Daniel De sold 327 shares of NetApp stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $107.48, for a total transaction of $35,145.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $119.00, for a total value of $119,000.00. Following the completion of the sale, the executive vice president owned 22,628 shares of the company’s stock, valued at $2,692,732. The trade was a 4.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,183 shares of company stock valued at $1,483,361 in the last three months. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On NetApp

Several hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its position in shares of NetApp by 10.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,675 shares of the data storage provider’s stock worth $554,000 after buying an additional 455 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of NetApp in the third quarter valued at about $3,272,000. Sunbelt Securities Inc. lifted its stake in NetApp by 92.8% in the third quarter. Sunbelt Securities Inc. now owns 480 shares of the data storage provider’s stock worth $57,000 after acquiring an additional 231 shares during the period. Captrust Financial Advisors grew its holdings in NetApp by 21.7% during the 3rd quarter. Captrust Financial Advisors now owns 44,610 shares of the data storage provider’s stock worth $5,285,000 after acquiring an additional 7,968 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in NetApp by 4.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,320 shares of the data storage provider’s stock valued at $512,000 after purchasing an additional 199 shares during the period. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

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.