NetApp, Inc. (NTAP) Stock: Price, Forecast & Analyst Target
NetApp, Inc. (NTAP) — MoonshotScore 91/100 (Exceptional band), calculated Oct 4, 2026. Price $226.27 (+5.22%), as of the Oct 2, 2026 trading session; market cap $44.4B. Expected results Dec 1, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 12.42× (market value Oct 2, 2026; cash Jul 31, 2026) · expected results Dec 1, 2026
NetApp, Inc. · NTAP · NASDAQ · Technology · Computer Hardware
Research dated 2026-09-12: NetApp sells data-storage systems, ONTAP-centered management software, support, and cloud services that keep customer data movable across private infrastructure and major public clouds. Support is nearly as large as product revenue, so this is an installed-base and data-management business as much as a hardware vendor. The case depends on whether the latest acceleration can broaden across product, support, and public cloud without weakening cash conversion.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · NetApp (NTAP)
ExceptionalWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
Elite quality, a strong balance sheet and durable growth, with no real weak spot — fairly priced, so not a bargain entry; the market is already moving on it. Business Quality: Elite; Financial Safety: Sound; Valuation: Rich; Growth Durability: Growing; Momentum: Surging.
- quarterly revenue $2.02B (Q1 FY2027, quarter ended Jul 2026)
- EPS beat 6 of 8
- Altman Z 4.24 · Piotroski F 7
Helping: business quality, balance-sheet strength, durable growth, positive momentum
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 89 | Exceptional | |
| 89 | Exceptional | |
| 90 | Exceptional | |
| 90 | Exceptional | |
| 91 | Exceptional | |
| 91 | Exceptional |
The score was 91 in the stored Oct 3, 2026 snapshot and remains 91 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Growth Durability +1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $226.27 | |
| Change on the day | +5.22% | |
| 52-week range | $93.69 – $231.90 | |
| Market capitalisation | $44.4B | |
| Price / earnings (trailing) | 31.28 | |
| Shares traded on the day | 5.06M | |
| Beta (volatility vs the S&P 500) | 1.43 | |
| Dividends per share (last 12 months) | $1.56 | |
| Dividend yield (last 12 months) | 0.69% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
We now expect fiscal year 2027 revenue to be in the range of $7.975 billion to $8.225 billion.
Wissam Jabre · Statement from
Chronological order, not a duration scale. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsCouncil Score · weighted blend of 2 available disciplines
Council score for NetApp (NTAP): Strongly Bullish
75/100 · ACouncil is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
6 lenses, 6 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Oct 5, 2026
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the NTAP film — every key number, told as a short cinematic story
~2 min · open the film
What is NetApp (NTAP), and what does it report?
Short answer · as of
NetApp supplies storage infrastructure and the software that manages, protects, replicates, and governs data across customer premises, private clouds, and public clouds.
Research dated 2026-09-12.
NetApp supplies storage infrastructure and the software that manages, protects, replicates, and governs data across customer premises, private clouds, and public clouds. Demand comes from storage deployments and refreshes, adoption of ONTAP and related tools, support purchases, professional services, and consumption of cloud storage and operations offerings.
What do the latest results show for NetApp (NTAP)?
Short answer · as of
The most recent reported quarter, Q1 FY2027, carried revenue of $2.02B.
Research dated 2026-09-12.
The latest reported period delivered the highest revenue, gross profit, and operating result in the displayed quarterly series. Net income and diluted earnings eased from the preceding period, but remained well above the earlier run rate; reported revenue and earnings also surpassed consensus, extending a generally favorable record against expectations.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $2.02B Jul 31, 2026
- Latest quarter · R&D
- $274.00M Jul 31, 2026
- Latest quarter · SG&A
- $605.00M Jul 31, 2026
- Latest quarter · FMP standardized operating result
- $541.00M Jul 31, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jul 31, 2026 | $2.02B | $274.00M | $605.00M | $541.00M |
| Apr 24, 2026 | $1.95B | $261.00M | $573.00M | $531.00M |
| Jan 23, 2026 | $1.71B | $237.00M | $541.00M | $431.00M |
| Oct 24, 2025 | $1.71B | $251.00M | $554.00M | $399.00M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $2.02B Sep 2, 2026
- Latest report · revenue estimate
- $1.84B Sep 2, 2026
- Latest report · revenue vs estimate
- Above estimate Sep 2, 2026
- Latest report · EPS vs estimate
- Above estimate Sep 2, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Sep 2, 2026 | $2.02B | $1.84B | $2.5800 | $2.1200 |
| May 28, 2026 | $1.95B | $1.87B | $2.4300 | $2.2700 |
| Feb 26, 2026 | $1.71B | $1.70B | $2.1200 | $2.0600 |
| Nov 25, 2025 | $1.71B | $1.69B | $2.0500 | $1.8800 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q1 FY2027 | $2.02B | $375M | $1.88 (diluted) |
| Q4 FY2026 | $1.95B | $404M | $2.03 (diluted) |
| Q3 FY2026 | $1.71B | $334M | $1.67 (diluted) |
| Q2 FY2026 | $1.71B | $305M | $1.51 (diluted) |
What are the financial strengths and risks for NetApp (NTAP)?
Short answer
Cash and short-term investments were $3.58B at the Jul 31, 2026 balance-sheet date. Operating cash flow was $503.00M for the quarter ended Jul 31, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-12.
Cash and short-term investments exceed total debt, leaving NetApp in a net-cash position, while near-term liquidity ratios remain above parity. Operating cash flow stayed positive throughout the displayed quarterly series and capital spending remained well below it, although cash generation varied sharply between periods. The cash balance has also held near its recent peak while the dividend remained steady.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $503.00M Jul 31, 2026
- Previous quarter · operating cash flow
- $950.00M Apr 24, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jul 31, 2026 | $503.00M | −$102.00M |
| Apr 24, 2026 | $950.00M | −$50.00M |
| Jan 23, 2026 | $317.00M | −$46.00M |
| Oct 24, 2025 | $127.00M | −$49.00M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at NetApp (NTAP)?
Short answer · as of
The next earnings report is expected on Dec 1, 2026.
Research dated 2026-09-12.
The scheduled report needs to preserve the recent revenue level while showing that gross profit, operating income, and cash generation are keeping pace. Selling, administrative, and research spending have risen alongside the business, making expense growth relative to gross profit an important test of operating leverage.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
We now expect fiscal year 2027 revenue to be in the range of $7.975 billion to $8.225 billion.
Wissam Jabre ·
How does NetApp compare with its peers?
Short answer
NetApp's score ranks 2nd of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-12.
NetApp differs from a conventional storage-appliance vendor because ONTAP and its protection, replication, compliance, and cloud variants extend the relationship beyond the original system sale. It also differs from a cloud-only data service because product revenue remains the largest line and support is close behind, while public cloud is materially smaller.
| Company | Price | Market value | Score |
|---|---|---|---|
| $848.99 Oct 2, 2026 | $190B | 96 5-pillar Oct 4, 2026 | |
| NetApp (NTAP) — this page | $226.27 | $44.4B | 91 |
| $207.35 Oct 2, 2026 | $261B | 88 5-pillar Oct 4, 2026 | |
| $104.32 Oct 2, 2026 | $15.0B | 84 5-pillar Oct 4, 2026 | |
| $562.42 Oct 2, 2026 | $374B | 81 5-pillar Oct 4, 2026 | |
| $32.12 Oct 2, 2026 | $29.4B | 80 5-pillar Oct 4, 2026 | |
| $415.29 Oct 2, 2026 | $143B | 80 5-pillar Oct 4, 2026 | |
| $304.41 Oct 2, 2026 | $31.9B | 73 5-pillar Oct 4, 2026 | |
| $117.74 Oct 2, 2026 | $14.8B | 71 5-pillar Oct 4, 2026 | |
| $116.61 Oct 2, 2026 | $43.1B | 55 5-pillar Oct 4, 2026 | |
| $43.69 Oct 2, 2026 | $28.3B | 38 5-pillar Oct 4, 2026 | |
| $288.32 Oct 2, 2026 | $26.1B | 33 5-pillar Oct 4, 2026 | |
| $15.77 Oct 2, 2026 | $5.79B | 21 5-pillar Oct 4, 2026 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $170.00 – $260.00
- Consensus target
- $203.30
- Median target
- $200.50
Consensus record · Captured .
Measured against a quoted price of $226.27 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Sep 29, 2026
- Transactions
- 100
- Identified insiders
- 15
- Purchases
- 0
- Sales
- 25
- Other transactions
- 75
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 99.3% Period end Jun 30, 2026
- Previous quarter · ownership
- 99.9% Prior to period end Jun 30, 2026
- Reporting holders
- 1,005 Period end Jun 30, 2026
- Previous quarter · holders
- 900 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Blackrock, INC. | 18,901,321 |
| Vanguard Capital Management LLC | 12,885,538 |
| Vanguard Portfolio Management LLC | 12,276,980 |
| State Street Corp | 9,921,533 |
| Primecap Management Co/Ca/ | 9,016,690 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about NetApp (NTAP)?
What Investors Ask About NetApp (NTAP) — Technology
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.
Why is ONTAP central to NetApp’s hybrid cloud model?
ONTAP is the foundational management layer connecting NetApp storage with data protection, replication, compliance, and cloud deployment. Its presence in NetApp systems and major public-cloud offerings lets customers manage data across infrastructure boundaries.
What makes NetApp more than a computer hardware vendor?
Support contributes nearly as much revenue as Product, while public-cloud and professional services add further sources beyond equipment sales. The portfolio also includes software for backup, replication, compliance, analytics, Kubernetes operations, and cloud-cost management.
How large is NetApp Support beside Product?
Support sits close behind Product and far ahead of Public Cloud in the reported revenue mix. That scale makes the installed customer relationship economically important alongside new storage demand.
What role do Azure NetApp Files and Amazon FSx for NetApp ONTAP play?
These offerings place NetApp storage capabilities inside major public clouds, complementing Cloud Volumes ONTAP and the company’s on-premises systems. They extend the hybrid model into cloud consumption, though Public Cloud remains smaller than Product or Support in the reported mix.
What is the NTAP stock price today?
The last price recorded on this page for NetApp, Inc. (NTAP) is $226.27, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the NTAP price target?
The analyst consensus price target for NetApp, Inc. (NTAP) is $203.30 (range $170.00 to $260.00, median $200.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Does NTAP pay a dividend?
Yes. NetApp, Inc. (NTAP) shows a trailing 12-month dividend yield of 0.69%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (85 figures)
The 85 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Wissam Jabre (Sep 2, 2026): We now expect fiscal year 2027 revenue to be in the range of $7.975 billion to $8.225 billion. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | SAN Jose, CA | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "3060 Olsen Drive, San Jose, CA, 95128, US". |
FMP — 73 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Dec 1, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $226.27 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T05:04:33.689Z. | |
px.change | Change on the day | +5.22% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $44.4B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:00.000Z. Captured from FMP at 2026-10-05T05:04:30.127Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$11.22 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q1 FY2027 | $2.02B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.pe | Price / earnings (trailing) | 31.28 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 5.06M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.43 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | George Kurian | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 11,700 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2022 through FY2026: FY2022 revenue $6.32B, net result $937.00M; FY2023 revenue $6.36B, net result $1.27B; FY2024 revenue $6.27B, net result $986.00M; FY2025 revenue $6.57B, net result $1.19B; FY2026 revenue $6.92B, net result $1.28B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Product $3.19B · Support $2.64B · Public Cloud Segment $688.00M · Professional And Other Services $407.00M | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 70.6% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-07-31.revenue_k | Revenue — period end 2026-07-31 | $2.02B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-07-31.rd_k | R&D — period end 2026-07-31 | $274.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-07-31.sga_k | SG&A — period end 2026-07-31 | $605.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-07-31.operating_result_k | FMP standardized operating result — period end 2026-07-31 | $541.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-04-24.revenue_k | Revenue — period end 2026-04-24 | $1.95B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-04-24.rd_k | R&D — period end 2026-04-24 | $261.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-04-24.sga_k | SG&A — period end 2026-04-24 | $573.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-04-24.operating_result_k | FMP standardized operating result — period end 2026-04-24 | $531.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-01-23.revenue_k | Revenue — period end 2026-01-23 | $1.71B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-01-23.rd_k | R&D — period end 2026-01-23 | $237.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-01-23.sga_k | SG&A — period end 2026-01-23 | $541.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-01-23.operating_result_k | FMP standardized operating result — period end 2026-01-23 | $431.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-10-24.revenue_k | Revenue — period end 2025-10-24 | $1.71B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-10-24.rd_k | R&D — period end 2025-10-24 | $251.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-10-24.sga_k | SG&A — period end 2025-10-24 | $554.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-10-24.operating_result_k | FMP standardized operating result — period end 2025-10-24 | $399.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-09-02.revenue_actual | Revenue · reported — report date 2026-09-02 | $2.02B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-02.revenue_estimated | Revenue · estimate — report date 2026-09-02 | $1.84B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-02.eps_actual | EPS · reported — report date 2026-09-02 | $2.5800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-02.eps_estimated | EPS · estimate — report date 2026-09-02 | $2.1200 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-28.revenue_actual | Revenue · reported — report date 2026-05-28 | $1.95B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-28.revenue_estimated | Revenue · estimate — report date 2026-05-28 | $1.87B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-28.eps_actual | EPS · reported — report date 2026-05-28 | $2.4300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-28.eps_estimated | EPS · estimate — report date 2026-05-28 | $2.2700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-26.revenue_actual | Revenue · reported — report date 2026-02-26 | $1.71B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-26.revenue_estimated | Revenue · estimate — report date 2026-02-26 | $1.70B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-26.eps_actual | EPS · reported — report date 2026-02-26 | $2.1200 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-26.eps_estimated | EPS · estimate — report date 2026-02-26 | $2.0600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-25.revenue_actual | Revenue · reported — report date 2025-11-25 | $1.71B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-25.revenue_estimated | Revenue · estimate — report date 2025-11-25 | $1.69B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-25.eps_actual | EPS · reported — report date 2025-11-25 | $2.0500 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-25.eps_estimated | EPS · estimate — report date 2025-11-25 | $1.8800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q1 FY2027 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $3.58B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $503.00M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-07-31. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $2.53B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 29.66× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-07-31.operating_cash_flow_m | Operating cash flow — period end 2026-07-31 | $503.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-04-24.operating_cash_flow_m | Operating cash flow — period end 2026-04-24 | $950.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-07-31.capex_m | Capital expenditure (reported) — period end 2026-07-31 | −$102.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-04-24.capex_m | Capital expenditure (reported) — period end 2026-04-24 | −$50.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-01-23.operating_cash_flow_m | Operating cash flow — period end 2026-01-23 | $317.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-01-23.capex_m | Capital expenditure (reported) — period end 2026-01-23 | −$46.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-10-24.operating_cash_flow_m | Operating cash flow — period end 2025-10-24 | $127.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-10-24.capex_m | Capital expenditure (reported) — period end 2025-10-24 | −$49.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $170.00 – $260.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $203.30 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $200.50 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 100 transactions · 0 purchases, 25 sales, 75 other transactions · 15 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Sep 29, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 99.3% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 99.9% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 1,005 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 900 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Blackrock, INC. — shares in provider snapshot | 18,901,321 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Vanguard Capital Management LLC — shares in provider snapshot | 12,885,538 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Vanguard Portfolio Management LLC — shares in provider snapshot | 12,276,980 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | State Street Corp — shares in provider snapshot | 9,921,533 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Primecap Management Co/Ca/ — shares in provider snapshot | 9,016,690 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 3 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 6 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-10-03 | |
fin.scores | Distress and quality screens | Altman Z 4.24 · Piotroski F 7 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-03 · Expired observation | |
px.range52 | 52-week range | $93.69 – $231.90 | UNRECORDED | Stored company-profile observation — Captured 2026-10-03 |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 12.42× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $3.58B at Jul 31, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-07-31. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $1.56 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 3 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 0.69% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-09-02.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($2.02B) with the recorded estimate ($1.84B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-09-02.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($2.5800) with the recorded estimate ($2.1200) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 91 of 100 · Exceptional · pillars 89 / 70 / 39 / 75 / 97 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 91 (stored snapshot Oct 3, 2026) → 91 (current publication computed Oct 4, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-07-31. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-07-31.revenue_k,fin.q_table.depth.2026-07-31.rd_k,fin.q_table.depth.2026-07-31.sga_k,fin.q_table.depth.2026-07-31.operating_result_k,fin.q_table.depth.2026-04-24.revenue_k,fin.q_table.depth.2026-04-24.rd_k,fin.q_table.depth.2026-04-24.sga_k,fin.q_table.depth.2026-04-24.operating_result_k,fin.q_table.depth.2026-01-23.revenue_k,fin.q_table.depth.2026-01-23.rd_k,fin.q_table.depth.2026-01-23.sga_k,fin.q_table.depth.2026-01-23.operating_result_k,fin.q_table.depth.2025-10-24.revenue_k,fin.q_table.depth.2025-10-24.rd_k,fin.q_table.depth.2025-10-24.sga_k,fin.q_table.depth.2025-10-24.operating_result_k. - Earnings-history note. Source series as of 2026-09-02. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-09-02.revenue_actual,earn.history.depth.2026-09-02.revenue_estimated,earn.history.depth.2026-09-02.revenue_actual.comparison,earn.history.depth.2026-09-02.eps_actual.comparison,earn.history.depth.2026-09-02.eps_actual,earn.history.depth.2026-09-02.eps_estimated,earn.history.depth.2026-05-28.revenue_actual,earn.history.depth.2026-05-28.revenue_estimated,earn.history.depth.2026-05-28.eps_actual,earn.history.depth.2026-05-28.eps_estimated,earn.history.depth.2026-02-26.revenue_actual,earn.history.depth.2026-02-26.revenue_estimated,earn.history.depth.2026-02-26.eps_actual,earn.history.depth.2026-02-26.eps_estimated,earn.history.depth.2025-11-25.revenue_actual,earn.history.depth.2025-11-25.revenue_estimated,earn.history.depth.2025-11-25.eps_actual,earn.history.depth.2025-11-25.eps_estimated. - Cash-flow note. Source series as of 2026-07-31. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-07-31.operating_cash_flow_m,fin.opcf.depth.2026-04-24.operating_cash_flow_m,fin.opcf.depth.2026-07-31.capex_m,fin.opcf.depth.2026-04-24.capex_m,fin.opcf.depth.2026-01-23.operating_cash_flow_m,fin.opcf.depth.2026-01-23.capex_m,fin.opcf.depth.2025-10-24.operating_cash_flow_m,fin.opcf.depth.2025-10-24.capex_m.
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Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Product: $3.19B; Support: $2.64B; Public Cloud Segment: $688.00M; Professional And Other Services: $407.00M | 2026-04-24 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-07-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-07-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Sector / industry (provider taxonomy) | Technology / Computer Hardware The company's SEC filings classify it under SIC 3572 — Computer Storage Devices. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-09-02 | FMP | Financial Modeling Prep (FMP) earnings |
| Most recent periodic reports | 2026-09-02 | OFFICIAL | SEC EDGAR filer submissions | |
| Cash, investments and debt | Total debt: $2.53B; Liquidity basis: cash and short-term investments; Total liabilities: $9.46B; Cash and short-term investments: $3.58B; Cash and investments: $3.58B; Long-term investments: $0; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-07-31 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $3.58B; Cash and short-term investments: $3.58B; Long-term investments: $0; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-07-31 | COMPUTED | Computed from the balance sheet |
| Cash against market value | As of: 2026-07-31; Cash basis: cash and short-term investments; Net cash: $1.04B; Total debt: $2.53B; Cash and investments: $3.58B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-07-31 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-07-31 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Trailing twelve-month ratio set | Quick ratio: 1.16; Current ratio: 1.24; Debt to equity: 1.69; Net margin: 19.2%; Gross margin: 70.6%; Operating margin: 25.7%; Return on assets: 12.9%; Return on equity: 113.7% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Recent dividends paid | Captured record · 4 entries
Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here. | 2026-07-10 | FMP | Financial Modeling Prep (FMP) dividend history |
| Next scheduled dividend | Ex date: 2026-10-09; Declared on: 2026-09-02; Record date: 2026-10-09; Payment date: 2026-10-28; Amount per share: $0.52 Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement. | 2026-09-02 | FMP | Financial Modeling Prep (FMP) dividend calendar |
| Next earnings report | Date: 2026-12-01; EPS estimate: $2.56 per share; Revenue estimate: $2.08B The date is our provider's estimate until the company confirms it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) earnings calendar |
Data provided for informational purposes only.