NetApp Inc. stock gains on record quarter and raised EPS outlook
Published on 09/06/2026 at 19:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
NetApp Inc. stock (ISIN US64120B1098) is trading close to recent highs, with shares around USD 185.59 as of September 4, 2026, after the data storage specialist reported a record fiscal 2027 first quarter marked by double-digit revenue and earnings growth according to MarketBeat data.
Record earnings and strong EPS growth
According to a recent MarketBeat overview, NetApp reported fiscal 2027 first-quarter revenue of about USD 2.02 billion, up 29.9 percent year over year, while adjusted EPS reached USD 2.58, an increase of roughly 66 percent compared with the same period a year earlier.
The same MarketBeat analysis notes that consensus expectations had pointed to revenue of around USD 1.84 billion and EPS of about USD 2.12, meaning NetApp exceeded revenue estimates by approximately USD 0.18 billion and beat EPS forecasts by USD 0.46 per share in the quarter ended in fiscal 2027.
Guidance raised for fiscal 2027
Management has responded to the strong start to fiscal 2027 by raising its adjusted EPS outlook, now guiding for a range of USD 9.73 to USD 10.03 for the full fiscal year according to MarketBeat data.
For the second quarter of fiscal 2027, NetApp is forecasting adjusted EPS in a band of USD 2.54 to USD 2.64, indicating management expects earnings to stay elevated relative to the prior fiscal year as hybrid-cloud, public-cloud and AI-related workloads continue to drive demand for its storage and data management portfolio.
More background on NetApp Inc.
Investors who want to explore NetApp Inc. in more detail can find additional market data, news and filings via the company topic page and the official investor relations site.
Cloud, AI and all-flash demand
The strong revenue growth in fiscal 2027 Q1 is being driven by hybrid-cloud and public-cloud segments, as well as rising demand for all-flash storage systems and AI-ready infrastructure, according to the same MarketBeat coverage of NetApp’s latest quarter.
As enterprises modernize data centers and expand AI workloads, NetApp’s ability to deliver integrated storage and data management solutions across on-premises and public-cloud environments is becoming a key differentiator in the competitive enterprise storage landscape.
Representative product: ONTAP data management
One of NetApp’s flagship offerings is its ONTAP data management software, which underpins the company’s all-flash arrays and hybrid-cloud solutions by providing unified storage management, data protection and efficiency features for enterprise customers.
NetApp Inc. stock price snapshot
NetApp Inc. stock most recently opened at about USD 185.59 on the NASDAQ as of September 4, 2026, with analysts cited in MarketBeat data describing the shares as carrying a consensus Hold rating and an average price target around USD 192.07, placing the current price somewhat below that target level.
NetApp Inc. at a glance
- Company: NetApp Inc.
- ISIN: US64120B1098
- Ticker: NTAP
- Trading venue: NASDAQ
- Price (as of September 4, 2026): 185.59 USD
- Sector / Industry: Information Technology / Data Storage
- Index membership: S&P 500
