Core Insights - NetApp (NTAP) reported quarterly earnings of $2.05 per share, exceeding the Zacks Consensus Estimate of $1.89 per share, and showing an increase from $1.87 per share a year ago, resulting in an earnings surprise of +8.47% [1] - The company achieved revenues of $1.71 billion for the quarter ended October 2025, surpassing the Zacks Consensus Estimate by 1.09% and up from $1.66 billion year-over-year [2] - NetApp has outperformed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.07 on revenues of $1.71 billion, while for the current fiscal year, the estimate is $7.77 on revenues of $6.76 billion [7] - The trend of estimate revisions for NetApp was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6] Industry Context - The Computer-Storage Devices industry, to which NetApp belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]