4.4%
Revenue Growth
NTAP achieved a revenue increase of 4.4% year-over-year, driven by strong demand for its data management solutions.
Source: Source: 10-Q Income Statement
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 (Basic)
$1.69
++14.97% YoY
Gross Margin
70.6%
++0.80% YoY
Operating Income
$434M
++19.89% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
NTAP achieved a revenue increase of 4.4% year-over-year, driven by strong demand for its data management solutions.
Source: Source: 10-Q Income Statement
Operating income rose by 19.9% year-over-year, reflecting improved operational efficiency and cost control.
Source: Source: 10-Q Income Statement
R&D expenses decreased by 4.0%, indicating a strategic shift in resource allocation to enhance profitability.
Source: Source: 10-Q Income Statement
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: Source: 10-Q Balance Sheet
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Upgrade to unlockReported EPS of $2.12 versus the $2.11 analyst consensus — a +0.7% beat for Q3 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $1.71B | $1.64B | +4.39% |
Cost of Revenue | $504M | $496M | +1.61% |
Gross Profit | $1.21B | $1.15B | +5.59% |
Operating Income | $434M | $362M | +19.89% |
Net Income | $334M | $299M | +11.71% |
EPS (Basic) | $1.69 | $1.47 | +14.97% |
EPS (Diluted) | $1.67 | $1.44 | +15.97% |
R&D Expense | $237M | $247M | -4.05% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $9.97B | $8.99B | +10.92% |
Current Assets | $5B | $3.91B | +27.84% |
Total Liabilities | $8.81B | $7.99B | +10.25% |
Current Liabilities | $3.59B | $4.2B | -14.33% |
Stockholders' Equity | $1.16B | $995M | +16.38% |
Cash & Equivalents | $1.63B | $1.51B | +7.81% |
Long-Term Debt | $2.49B | $1.99B | +24.67% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $1.12B | $831M | +34.42% |
Investing Cash FlowYTD | $-415M | $460M | -190.22% |
Financing Cash FlowYTD | $-1.82B | $-1.68B | -8.34% |
Dividends PaidYTD | $310M | $319M | -2.82% |
Share BuybacksYTD | $750M | $900M | -16.67% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 70.6% | 69.8% | +0.80% |
Operating Margin | 25.3% | 22.1% | +3.28% |
Net Margin | 19.5% | — | — |
ROE | 28.8% | — | — |
ROA | 3.3% | — | — |
Current Ratio | $1.39 | — | — |
Debt to Equity | $7.611 | — | — |
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The filing does not specify earnings estimates, but NTAP reported a 16.0% increase in EPS (Diluted) to $1.67, indicating strong performance.
Key takeaways include a 4.4% revenue growth, a 19.9% increase in operating income, and improved margins, reflecting strong operational performance.
Risks include high debt levels with a debt to equity ratio of 7.61, and a significant decrease in cash flow from investing activities.
NTAP's revenue grew by 4.4% year-over-year to $1.713 billion, driven by strong demand for its solutions.
NTAP shows strong financial health with increased revenue, improved margins, and a significant rise in operating cash flow, despite high leverage.