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NetApp Inc
DUS:NTA

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NetApp Inc
DUS:NTA
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Price: 122.48 EUR 3.27% Market Closed
Market Cap: €25.2B

NetApp Inc
Investor Relations

NetApp makes data storage and data management systems for companies that run important applications in data centers and in the cloud. Its core products help customers store, organize, protect, and move large amounts of business data without losing access or control. The company sells both hardware and software, along with support and subscription services that keep those systems running. Its main customers are large businesses, government agencies, and technology companies that need reliable storage for databases, backups, virtual machines, and cloud workloads. NetApp earns money by selling storage appliances, licensing software, and charging for ongoing maintenance, support, and cloud-based data services. That gives it a mix of upfront product sales and recurring service revenue. NetApp sits in the middle of the data infrastructure stack, where it helps customers manage data across on-premises systems and public clouds. What makes its business different is that it is not just selling boxes or standalone software; it focuses on keeping a customer's data usable in multiple places while reducing the complexity of moving and protecting it.

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Last Earnings Call
Fiscal Period
Q4 2026
Call Date
May 28, 2026
AI Summary
Q4 2026

Record year: NetApp said fiscal 2026 was a record year across revenue, gross profit, operating income, cash flow from operations and free cash flow, with full-year operating margin reaching 30.2%.

Strong Q4: Fourth-quarter revenue was $1.95 billion, up 12% year over year, and EPS was $2.43, up 26%, both above guidance.

AI momentum: Management said enterprise AI was a major growth engine, with about 500 AI and data preparation wins in Q4 and more than 1,100 for the full year.

Cloud growth: Public cloud revenue, all-flash revenue and Keystone all hit all-time highs, and management said cloud storage services should grow faster in fiscal 2027.

Margin pressure: NetApp is raising prices and working with suppliers to offset higher memory and component costs, with Q1 seen as the trough for product gross margin.

FY27 outlook: The company guided fiscal 2027 revenue to $7.325 billion to $7.575 billion and EPS to $8.70 to $9.00, implying faster growth than fiscal 2026.

Key Financials
Revenue
$1.95 billion
Earnings per share
$2.43
Revenue
$6.93 billion
Earnings per share
$8.13
Operating margin
32%
Gross margin
70.5%
Operating income
$624 million
Cash flow from operations
$950 million
Free cash flow
$900 million
Public cloud revenue
$68 million
Public cloud revenue
$182 million
All-flash revenue
$4.2 billion
All-flash revenue
$1.2 billion
Keystone revenue
about 65% growth
Deferred revenue
$4.85 billion
Remaining performance obligations
$5.65 billion
Unbilled remaining performance obligations
$807 million
Operating expenses
$750 million
Gross profit
$1.37 billion
Share count
199 million
Cash and short-term investments
$358 billion
Gross debt
$2.49 billion
Net cash position
$1.1 billion
Shareholder returns
$303 million
Share repurchases
$200 million
Dividends
$103 million
Debt authorization increase
$1 billion
Revenue guidance
$7.325 billion to $7.575 billion
Revenue guidance
$1.75 billion to $1.9 billion
Gross margin guidance
68.5% to 69.5%
Gross margin guidance
69.1% to 70.1%
Operating margin guidance
29.1% to 30.1%
Operating margin guidance
28.4% to 29.4%
Earnings per share guidance
$8.70 to $9.00
Earnings per share guidance
$2.05 to $2.15
Other Earnings Calls

Management

Mr. George Kurian
CEO & Director
No Bio Available
Mr. Cesar Cernuda Rego
President
No Bio Available
Mr. Michael J. Berry
Executive VP & CFO
No Bio Available
Ms. Elizabeth M. O'Callahan J.D.
Executive VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Harvinder S. Bhela
Executive VP & Chief Product Officer
No Bio Available
Mr. Gus Shahin
Executive Vice President of Business Technology & Operations
No Bio Available
Mr. Daniel De Lorenzo
VP, Controller & Chief Accounting Officer
No Bio Available
Ms. Kris Newton
VP of Corporate Communications & Investor Relations
No Bio Available
Ms. Gabrielle Boko
Chief Marketing Officer
No Bio Available
Dr. Alessandra Ginante Yockelson
Executive VP & CHRO
No Bio Available

Contacts

Address
CALIFORNIA
San Jose
3060 Olsen Drive
Contacts
+14088226000.0
www.netapp.com
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