NetApp, Inc. Earnings Recaps
Q4 2026
May 30, 2026
NetApp’s stock surged 22.1% after reporting record revenue and earnings driven by strong demand in public cloud, all-flash storage, and AI-related workloads, signaling the market’s enthusiasm for its leadership in hybrid cloud and AI data infrastructure.
Key takeaways
- Fiscal Year 2026 revenue and operating income reached all-time highs, supported by accelerating enterprise AI adoption and cloud expansion.
- Public Cloud revenue grew 18% year-over-year to $688 million, with first-party and marketplace cloud services up 30%.
- All-flash revenue hit $4.2 billion for the year, up 11%, with Q4 all-flash revenue growing 18% to $1.2 billion.
- Expanded partnerships with hyperscalers, including Google Distributed Cloud, bolster NetApp’s presence in sovereign cloud and regulated environments.
- The company’s hybrid cloud platform enables zero-copy data activation, reducing costs and complexity for AI deployments across on-premises and cloud.