NetApp, Inc. · NTAP · Next earnings

NetApp, Inc. reports Tuesday, Dec 1, 2026

NTAP reports after market close with consensus EPS at $2.60 and revenue at $2.10B. Last quarter: NetApp Closes FY2026 With Record Results, 500 AI Wins, and Strong FY2027 Guidance

Reports After market close72 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $2.60 Calendar consensus
Consensus revenue $2.10B Calendar consensus
Report date Dec 1, 2026 Tuesday, date estimated
Session After market close 72 days away

Where NTAP left off: FY2026 Q4

Full report

NetApp Closes FY2026 With Record Results, 500 AI Wins, and Strong FY2027 Guidance

EPS surprise +7.0% Reported $2.43 vs $2.27
Revenue surprise +4.1% Reported $1.95B vs $1.87B
Stock move +22.4% Event window
Subsequent drift -11.0% Up to 20 sessions

Management maintained a confident tone and issued FY2027 guidance targeting 8% revenue growth, improved margins, and a commitment to return up to 100% of free cash flow to shareholders. The share repurchase authorization was increased by $1B. Guidance sentiment was characterized as maintained relative to the prior quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Rising DRAM, NAND, and component costs pressuring product gross margins.
  • Potential supply-chain constraints for memory and HDD components.
  • Uncertainty around pull-forward demand and pricing cadence in upcoming quarters.
  • Macro-economic headwinds that could affect enterprise IT spending.

Questions analysts left open

  • Sustainability of public-cloud revenue growth without the Spot business.
  • Product gross-margin trajectory amid component price inflation.
  • Extent to which AI wins translate into recurring revenue.
  • Impact of pricing adjustments on demand elasticity.
  • Potential for larger pull-forward effects in upcoming quarters.

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Recent NTAP quarters

All NTAP earnings
+22.4%FY2026 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q4

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.