Key Takeaways NTAP beat Q3 estimates with $1.71B in revenues and non-GAAP EPS of $2.12.NetApp saw 11% growth in All-Flash Array revenues to $1B, boosting Hybrid Cloud sales.NTAP guided Q4 revenues of $1.795-$1.945B and raised fiscal 2026 EPS outlook.NetApp, Inc. (NTAP) reported strong third-quarter fiscal 2026 results, with both top and bottom lines surpassing the Zacks Consensus Estimate.The company’s revenue growth was driven by accelerating demand for AI-ready data infrastructure, strong momentum in all- ...

NetApp (NTAP) reported $1.71 billion in revenue for the quarter ended January 2026, representing a year-over-year increase of 4.4%. EPS of $2.12 for the same period compares to $1.91 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.69 billion, representing a surprise of +1.6%. The company delivered an EPS surprise of +2.52%, with the consensus EPS estimate being $2.07.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Financial Data and Key Metrics Changes - Total revenue for Q3 was $1.71 billion, an increase of 4% year-over-year, and 6% excluding the divested Spot business [5][17] - Non-GAAP earnings per share (EPS) was $2.12, up 11% year-over-year [17][20] - Operating income reached a record high of $533 million, with an operating margin of 31.1%, up 1.1 percentage points year-over-year [20][21] - Deferred revenue balance was $4.63 billion, up 12% year-over-year [18] Business Line Data and Key Metrics Changes - Hybrid cloud revenue was $1.54 billion, up 5% year-over-year, driven by product, support, and Keystone [18] - Keystone revenue grew approximately 65% year-over-year, indicating strong momentum [10][18] - Public cloud revenue was $174 million, with a 17% increase year-over-year when excluding Spot [11][18] Market Data and Key Metrics Changes - Approximately 300 customers selected NetApp for AI-related data solutions in Q3, up from 200 in the previous quarter [6][34] - All Flash Array revenue grew 11% year-over-year to $1 billion in Q3, with an annualized run rate of $4.2 billion [8][21] - Unbilled remaining performance obligations (RPO) were $482 million, up 38% year-over-year, indicating strong future revenue potential [19] Company Strategy and Development Direction - The company aims to be the intelligent backbone for data-driven innovation, focusing on AI readiness and cyber resilience [6][15] - New solutions like AFX and AI Data Engine are generating significant customer interest, with AFX designed specifically for AI workloads [7][10] - The company is committed to investing in key growth areas while maintaining operational discipline to drive profitability [15][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate inflation in memory prices and maintain profitability through strategic pricing and supply chain management [15][22] - The outlook for Q4 anticipates revenue of $1.87 billion, implying an 8% year-over-year growth [22] - Management noted that IT spending is expected to remain durable, driven by business projects and infrastructure upgrades [60] Other Important Information - Cash flow from operations was $317 million, with free cash flow generation of $271 million [21] - The company returned $303 million to shareholders through share repurchases and dividends [21] Q&A Session Summary Question: What is driving incremental growth on the product side? - Management highlighted large deals closing in Q3 and expected to close in Q4 as key drivers of growth [27] Question: How are customers responding to price increases? - Management noted that customers budget in dollars tied to IT spending priorities, and they offer various options to meet customer needs [40][41] Question: What is the mix of AI deal wins across industries? - Strong momentum was observed in sectors like public sector, manufacturing, and healthcare, with 40% of AI business in production use cases [35][78] Question: How is the company managing supply chain dynamics? - Management emphasized agility in pricing and supplier relationships to manage costs and ensure supply availability [31][63] Question: What are the expectations for public cloud growth? - Management outlined strategies for new customer acquisition and expanding existing customer usage to drive growth in the public cloud segment [92]

NetApp (NasdaqGS:NTAP) Q3 2026 Earnings call February 26, 2026 05:30 PM ET Company ParticipantsAlek Valero - Equity Research AssociateDavid Vogt - Managing DirectorGeorge Kurian - CEOKatherine Murphy - VP of Equity ResearchKris Newton - VP of Investor RelationsKrish Sankar - Managing DirectorSimon Leopold - Managing DirectorSteven Fox - Founder and CEOTim Long - Managing DirectorWissam Jabre - CFOConference Call ParticipantsAaron Rakers - Managing Director and Technology AnalystAsiya Merchant - Technology E ...

NetApp (NasdaqGS:NTAP) Q3 2026 Earnings call February 26, 2026 05:30 PM ET Speaker10Hey, and welcome to the NetApp third quarter of fiscal year 2026 earnings call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I would now like to turn the conference over to Kris Newton, Vice Preside ...

Core Viewpoint - NetApp reported quarterly earnings of $2.12 per share, exceeding the Zacks Consensus Estimate of $2.07 per share, and showing an increase from $1.91 per share a year ago, indicating a positive earnings surprise of +2.52% [1] Financial Performance - The company achieved revenues of $1.71 billion for the quarter ended January 2026, surpassing the Zacks Consensus Estimate by 1.60% and up from $1.64 billion year-over-year [2] - Over the last four quarters, NetApp has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance - NetApp shares have declined approximately 4.9% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.23 on revenues of $1.79 billion, and for the current fiscal year, it is $7.90 on revenues of $6.75 billion [7] - The trend of earnings estimate revisions is mixed ahead of the earnings release, which could influence future stock performance [6] Industry Context - The Computer-Storage Devices industry, to which NetApp belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Q3 FY26 EARNINGS RESULTS © 2026 NetApp, Inc. All rights reserved. Safe harbor Data Silos & Unification NetApp becomes the first vendor to unify file & block workloads, and structured & unstructured data Hybrid Cloud NetApp creates the first data fabric strategy that eliminates silos & provides unified control across any environment Hybrid Multiclouds NetApp becomes the ONLY vendor to introduce cloud ops and data services as key data infrastructure pillars in addition to being the only vendor natively embedd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 23, 2026 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-27130 NetApp, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer inc ...

Exhibit 99.1 NetApp Reports Third Quarter of Fiscal Year 2026 Results Net revenues of $1.71 billion for the third quarter, 4% year-over-year increase; Third quarter GAAP earnings per share of $1.67; record non-GAAP earnings per share of $2.12 News Summary SAN JOSE, Calif.—February 26, 2026—NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the third quarter of fiscal year 2026, which ended on January 23, 2026. "We are pleased to announce another strong q ...

Group 1 - Dell Technologies Inc. is recognized as one of the 20 Best Investments for 2026, indicating strong future potential [1] - Morgan Stanley has reduced its price target for Dell from $111 to $101, assigning an Underweight rating due to expected solid but not exceptional performance in the upcoming quarters [3] - Dell continues to strengthen its partnership with McLaren Racing, providing advanced AI infrastructure and technology to enhance the team's performance and operations [4][5] Group 2 - Dell Technologies offers a wide range of IT hardware, software, and services, including servers, storage, networking, and cloud solutions, aimed at helping businesses and consumers manage digital infrastructures effectively [6] - Despite the potential of Dell as an investment, there are AI stocks perceived to have greater upside potential and lower downside risk, suggesting a competitive landscape in the tech sector [7]