NTAP · NMS
S&P 500
NetApp, Inc.
Technology · Software - Infrastructure
$175.99
−$0.08 (−0.05%) today
Closing price on Nov 10, 2026 · Source: Yahoo Finance
Consensus of 21 analysts
Hold
Median price target $197.00 +11.9%
- Open
- $175.95
- Day range
- 171.16 – $179.42
- 52-week range
- 93.69 – $240.87
- Volume
- 1,419,999
- Market cap
- $34,568M
- P/E (TTM)
- 24.8x
- EPS (TTM)
- $7.09
- EPS est. FY 2027
- $10.02
- P/E est. FY 2027
- 17.6x
- Dividend yield
- 1.2%
- Beta
- 1.51
- Payout
- 29%
The analysis of this company is being prepared and will appear in the next update.
NetApp financials
Q3 2026 results, quarter ended Jul 31, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | $2,025M | +29.9% |
| Net income | $375M | +60.9% |
| Earnings per share | $1.88 | +63.5% |
| Net margin | 18.5% | +3.6 pp |
| Free cash flow | $401M | −35.3% |
| Debt / equity | 1.69 | −39.8% |
Revenue and net income ($M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q3 2025 | $1,559M | $233M |
| Q4 2025 | $1,705M | $305M |
| Q1 2026 | $1,713M | $334M |
| Q2 2026 | $1,948M | $404M |
| Q3 2026 | $2,025M | $375M |
NetApp earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 19 | $2.6032.47 – 2.72 | +27.0%$2.050 |
| Next quarterQ1 2027 · Analysts: 19 | $2.3782.17 – 2.82 | +12.2%$2.120 |
| Current yearFY 2027 · Analysts: 20 | $10.0179.84 – 11.00 | +23.2%$8.130 |
| Next yearFY 2027 · Analysts: 20 | $11.17210.55 – 12.72 | +11.5%$10.017 |
Forward P/E: 17.6x (FY 2027) and 15.8x (FY 2027) at the current price.
Actual and estimated EPS ($)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q3 2025 | $1.150 | — |
| Q4 2025 | $2.050 | $1.885 |
| Q1 2026 | $2.120 | $2.063 |
| Q2 2026 | $2.430 | $2.267 |
| Q3 2026 | $2.580 | $2.123 |
| Q4 2026 | — | $2.603 |
| Q1 2027 | — | $2.378 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| FY 2023 | $5.790 | — |
| FY 2024 | $4.630 | — |
| FY 2025 | $5.670 | — |
| FY 2026 | $6.350 | — |
| FY 2027 | — | $11.172 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | $2.378 | +12.2% |
| Q4 2026Estimated | $2.603 | +27.0% |
| Q3 2026 | $2.580est. $2.123 · surprise +21.5% | +124.3% |
| Q2 2026 | $2.430est. $2.267 · surprise +7.2% | n/a |
| Q1 2026 | $2.120est. $2.063 · surprise +2.8% | n/a |
| Q4 2025 | $2.050est. $1.885 · surprise +8.8% | n/a |
| Q3 2025 | $1.150 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| FY 2027Estimated | $11.172 | +75.9% |
| FY 2026 | $6.350 | +12.0% |
| FY 2025 | $5.670 | +22.5% |
| FY 2024 | $4.630 | −20.0% |
| FY 2023 | $5.790 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
NetApp dividend
Yield and payments
| Dividend yield (TTM) | 1.2% |
| Forward yield (next 12m) | 1.2% |
| Dividend per share (TTM) | $2.08 |
| Forward dividend (next 12m) | $2.08 |
| Payout (TTM) | 29% |
| Last dividend | $0.52Oct 9, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year ($)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | $1.76 |
| 2020 | $1.92 |
| 2021 | $1.96 |
| 2022 | $2.00 |
| 2023 | $2.00 |
| 2024 | $2.04 |
| 2025 | $2.08 |
| est. 12m | $2.08 |
NetApp forecasts
21 analyst ratings
Consensus: Hold · 8 buy, 13 hold, 0 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | $300.00 | +70.5% |
| Median | $197.00 | +11.9% |
| Low | $170.00 | −3.4% |
| Date | Close |
|---|---|
| Nov 28, 2025 | $111.56 |
| Dec 31, 2025 | $107.09 |
| Jan 30, 2026 | $96.35 |
| Feb 27, 2026 | $99.03 |
| Mar 31, 2026 | $102.39 |
| Apr 30, 2026 | $110.77 |
| May 29, 2026 | $174.29 |
| Jun 30, 2026 | $154.76 |
| Jul 31, 2026 | $178.50 |
| Aug 31, 2026 | $185.29 |
| Sep 30, 2026 | $210.08 |
| Oct 30, 2026 | $199.18 |
| Nov 10, 2026 | $175.99 |
NetApp peers
| Ticker | Company | Market cap ($M) | P/E | Price ($) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| NTAP | NetApp | 34,568 | 24.8x | 175.99 | −0.05% | 93.69240.87 |
| MSFT | Microsoft Corp. | 3,959,350 | 27.8x | 533.16 | −2.20% | 349.20559.15 |
| PLTR | Palantir Technologies | 406,771 | 118.9x | 168.82 | −0.22% | 106.37212.94 |
| ORCL | Oracle | 367,827 | 18.5x | 117.98 | −1.51% | 109.21250.25 |
| PANW | Palo Alto Networks | 267,107 | 815.9x | 326.36 | −1.37% | 139.57432.33 |
| CRWD | CrowdStrike | 231,164 | 3,762.7x | 225.76 | −1.23% | 85.68286.99 |
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