NetApp, Inc. Q4 2026 Earnings Recap

NTAP Q4 2026 May 30, 2026

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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.

Earnings Per Share Beat

$2.43 vs $2.27 est.

+7.0% surprise

Revenue Beat

1948000000 vs 1871078000 est.

+4.1% surprise

Market Reaction

1-Day -2.26%

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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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit NTAP on AllInvestView.