NetApp (NASDAQ:NTAP) Releases Q3 2026 Earnings Guidance

NetApp (NASDAQ:NTAP) updated its third quarter 2026 earnings guidance on Tuesday. 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.

NetApp Trading Up 2.3%

NTAP traded up $2.52 during trading on Tuesday, hitting $111.48. 3,570,215 shares of the company’s stock were exchanged, compared to its average volume of 2,055,136. NetApp has a 1 year low of $71.84 and a 1 year high of $131.30. The stock has a 50 day moving average price of $116.64 and a 200 day moving average price of $110.04. The firm has a market cap of $22.25 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 2.55.

NetApp (NASDAQ:NTAP) last posted its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.16. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. NetApp had a net margin of 17.77% and a return on equity of 123.24%. 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, analysts expect that NetApp will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a $0.52 dividend. The ex-dividend date was Friday, October 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. NetApp’s dividend payout ratio (DPR) is 36.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wedbush reissued a “neutral” rating and set a $110.00 price target on shares of NetApp in a research report on Friday, October 10th. Citigroup lowered their price objective on shares of NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Bank of America boosted their target price on shares of NetApp from $121.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Northland Securities upped their target price on shares of NetApp from $119.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Finally, Barclays lifted their price target on shares of NetApp from $117.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $120.43.

Insider Activity at NetApp

In other NetApp news, CEO George Kurian sold 8,750 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the transaction, the chief executive officer directly owned 274,938 shares in the company, valued at $33,792,629.58. This represents a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $119.00, for a total transaction of $119,000.00. Following the completion of the sale, the executive vice president directly 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 SEC filing for this sale provides additional information. Insiders have sold 12,183 shares of company stock valued at $1,483,361 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC acquired a new stake in NetApp in the third quarter worth $35,000. Sunbelt Securities Inc. increased its holdings in shares of NetApp by 92.8% in the 3rd 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. MUFG Securities EMEA plc acquired a new stake in shares of NetApp in the 2nd quarter worth about $64,000. Geneos Wealth Management Inc. lifted its position in NetApp by 38.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock valued at $67,000 after purchasing an additional 210 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in NetApp by 1,759.3% during the 3rd quarter. Ancora Advisors LLC now owns 1,004 shares of the data storage provider’s stock valued at $119,000 after purchasing an additional 950 shares during the period. 92.17% of the stock is currently owned by 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.