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NTAP

NetApp, Inc.

NTAP

NASDAQ·Technology·Computer Hardware·Mkt cap $30.6B

$153.55

▼ -1.81%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$93.69 - $192.83

P/E

25.59

Fwd P/E

17.24

Beta

1.43

Div Yield

1.33%

Avg Vol

3.0M

Shares Out

198.1M

Mkt Cap

$30.6B

Price action

Price chart

Up 45.3% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Advanced data management software
  • Comprehensive cloud integration capabilities
  • Robust enterprise-grade infrastructure solutions
  • Broad ecosystem of technology partnerships
▼

Bear Case

1 risk

  • Average volatility.

Growth

Moderate growth ahead

Increasing cloud migration trends

Value

Attractively priced below Cloud Infrastructure (IaaS/PaaS) peer average

Momentum

Hot

+51.3% over 3m

Quality

Excellent

Excellent business quality

Dividend

Modest

1.33% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 26, 2026

“
Q2 26 RECAP

MAY 28, 2026

Reported EPS of $2.43 vs $2.27 consensus (+7.0% surprise). Revenue of $1.9B vs $1.9B expected (+4.1%). Beat on both top and bottom lines.

EPS beat +7.0%
Rev beat +4.1%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+7.0%

Next: Aug 26, 2026

Revenue trend · last 8Q

—

—

—

+2%

+4%

+1%

+3%

+4%

Q4 24

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

Q3 26

$1.7B

$1.5B

$1.7B

$1.6B

$1.7B

$1.6B

$1.7B

$1.7B

Margins · last 8Q

Gross

70.6%

Operating

25.2%

Profit

19.5%

View full earnings history →

Wall Street consensus

12 analysts · 25% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

25%

Hold

8

67%

Sell

1

8%

Median Price Target

$171.00

▲ +11.4% vs $153.55

Low $150.00
Median $171.00
High $200.00

Latest: Goldman Sachs · $200.00 · Jun 2, 2026

5 analysts covering

View full analyst page →

vs Industry

How NTAP stacks vs Computer Hardware

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.