NetApp Reports Q2 Earnings Beat, Raises FY26 Adjusted EPS Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Should l Buy NTAP?
Source: Benzinga
- Earnings Highlight: On November 25, NetApp reported Q2 earnings of $2.05 per share, exceeding the consensus estimate of $1.89, indicating enhanced profitability that is likely to boost investor confidence.
- Revenue Growth: The quarterly revenue reached $1.71 billion, surpassing Wall Street's expectation of $1.69 billion, demonstrating the company's sustained competitive strength in the market, which may attract more investor interest.
- Outlook Guidance: The company raised its FY26 adjusted EPS guidance, reflecting management's optimistic outlook for future performance, which could further drive stock price appreciation and enhance market confidence.
- Market Reaction: Although NetApp's shares fell 0.9% to $110.90, the strong earnings report and outlook guidance may lay the groundwork for a future stock rebound, drawing attention from long-term investors.
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Analyst Views on NTAP
Wall Street analysts forecast NTAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NTAP is 124.21 USD with a low forecast of 110.00 USD and a high forecast of 137.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
6 Buy
13 Hold
0 Sell
Moderate Buy
Current: 99.590
Low
110.00
Averages
124.21
High
137.00
Current: 99.590
Low
110.00
Averages
124.21
High
137.00
About NTAP
NetApp, Inc. is an intelligent data infrastructure company combining unified data storage, integrated data, operational and workload services. It creates silo-free infrastructure, harnessing observability and AI to enable data management. Its operational and workload services provide continuous optimization of performance and efficiency for infrastructure and workloads through observability and AI. Its Hybrid Cloud segment provides a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services and operational services. These solutions and services are available in the public clouds, including Amazon AWS, Microsoft Azure, and Google Cloud.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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