Revenue Growth
NTAP achieved a revenue increase of 4.4% year-over-year, driven by strong demand for its data management solutions.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
NTAP's Q3 FY2026 results show strong revenue growth and improved margins, driven by increased operating income and effective cost management.
Revenue
$1.71B
+4.39% YoY
EPS (Diluted)
$1.67
+15.97% YoY
Gross Margin
70.6%
+0.8 pts YoY
Operating Income
$434M
+19.89% YoY
Source: SEC XBRL
NetApp (NTAP) reported Q3 FY2026 revenue of $1.71B, up 4.4% year over year. Operating margin was 25.3%, up 3.2 points from 22.1% a year earlier. NTAP's fiscal Q3 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Sep 2026 | 2.58 | 2.16 | Beat +19.4% |
| Jun 2026 | 2.43 | 2.31 | Beat +5.1% |
| Mar 2026This filing | 2.12 | 2.11 | Beat +0.7% |
| Dec 2025 | 2.05 | 1.92 | Beat +6.6% |
Adjusted (non-GAAP) EPS of $2.12 versus the $2.11 analyst consensus — a +0.7% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.67.
Compiled by AI from this SEC filing
NTAP achieved a revenue increase of 4.4% year-over-year, driven by strong demand for its data management solutions.
Source: 10-Q Income Statement
Operating income rose by 19.9% year-over-year, reflecting improved operational efficiency and cost control.
Source: 10-Q Income Statement
R&D expenses decreased by 4.0%, indicating a strategic shift in resource allocation to enhance profitability.
Source: 10-Q Income Statement
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
NTAP's debt to equity ratio is 7.61, indicating a high level of leverage that could pose financial risks if interest rates rise or cash flows decline.
Source: 10-Q Balance Sheet
The company reported a significant decrease in cash flow from investing activities, down 190.2% year-over-year, which could impact future growth investments.
Source: 10-Q Cash Flow Statement
NTAP's growth is heavily reliant on the data management market, which is subject to rapid technological changes and competitive pressures.
Source: 10-Q Income Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.71 $B | 1.64 $B | +4.39% |
Cost of Revenue $M | 504.00 $M | 496.00 $M | +1.61% |
Gross Profit $B | 1.21 $B | 1.15 $B | +5.59% |
Operating Income $M | 434.00 $M | 362.00 $M | +19.89% |
Net Income $M | 334.00 $M | 299.00 $M | +11.71% |
EPS (Basic) $ | 1.69 $ | 1.47 $ | +14.97% |
EPS (Diluted) $ | 1.67 $ | 1.44 $ | +15.97% |
R&D Expense $M | 237.00 $M | 247.00 $M | -4.05% |
Answers draw on this SEC filing and the data on this page
NetApp delivered double-digit revenue growth and a sharp increase in net income in Q1 FY2026, driven by all-flash demand and pricing actions, while managing supply chain cost pressures and a decline in operating cash flow.
NetApp delivered a strong fiscal year 2026, with revenue growing 5.6% to $6.24B, operating income surging 25.2% to $1.67B, and operating cash flow jumping 37.3% to $2.07B, reflecting disciplined cost management and expanding margins.
Other companies in Technology Hardware, Storage & Peripherals