NTAP · NetApp, Inc.

Track NTAP — free

$190.59 -3.26 (-1.68%) At close · Aug 27

Market Cap

$38.04B

195.92M

Up next

Next earnings call

Sep 2, 2026 Scheduled · in 1 wks

FQ2-27 quarter ends

~Oct 30, 2026 Est

Latest filing: 10-K

filed Jun 5, 2026

AI Brief

TL;DR.

Bullish

Bearish

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Ask ALVIS about this →

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Buy Momentum Very Strong Sentiment Bullish Fundamentals Excellent Quant / Vol Moderate

Market backdrop VIX 15.2 · calm Equity put/call 0.64

Technical

price trend

Buy

50 / 200-day cross No cross

Price vs 200-day avg +51%

above

Price vs 50-day avg +11%

above

RSI (14) 57

neutral

MACD trend Negative

52-week position 88%

near high

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Very Strong

1-month return +12%

trailing

6-month return +90%

trailing

YTD return +81%

this year

Relative strength +77%

vs S&P · 6-mo

Sentiment

smart money

Bullish

Trend (MA cross) No cross

50d $175 › 200d $128 — 50d above 200d

Institutional flow Accumulating

+13% holders QoQ · +199 funds added

Insider flow Distributing

Net -$1.3M over 90 days · 100% sells

Short interest Falling

5.46% of float · ▼ -18.9% MoM · 4.1 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

959 holders — near 3-yr high, broad support

Squeeze score 70

elevated · 0–100

Fundamentals

Excellent

Revenue growth +6%

Y/Y

Gross margin 79%

expanding

EPS growth +12%

Y/Y

Free cash flow $1.9B

Valuation P/E 30.6

below peers

Buyback $1.0B

authorized

Balance sheet $417.0M

net debt

Quant / Vol

risk profile

Moderate

Volatility 43%

annualized · 1-yr

Max drawdown −26%

past year

ATR 3.8%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 5 of last 8

Latest guidance · from the 8-K filed May 28, 2026

full fiscal year 2027

Consolidated gross margins Initiated 67.5% – 68.5%

Consolidated gross margins Initiated 68.5% – 69.5%

Operating margins Initiated 22.1% – 23.1%

Operating margins Initiated 29.1% – 30.1%

Earnings per share Initiated $8.70 – $9.00

Fiscal 2027

Gross Margin Initiated 67.5% – 68.5%

Gross Margin Maintained 68.5% – 69.5%

Apr 30, 2026 68.5% – 69.5% May 28, 2026 68.5% – 69.5%

Operating Margin Maintained 29.1% – 30.1%

Apr 30, 2026 29.1% – 30.1% May 28, 2026 29.1% – 30.1%

Operating Margin Initiated 22.1% – 23.1%

Net Income Per Share Initiated $6.51 – $6.81

prior FY $6.35 midpoint +4.9% Y/Y

Prior guidance period ended · from the 8-K filed May 28, 2026

Consolidated gross margins · first quarter of fiscal year 2027 68.1% – 69.1%

Consolidated gross margins · first quarter of fiscal year 2027 69.1% – 70.1%

Operating margins · first quarter of fiscal year 2027 19.4% – 20.4%

Operating margins · first quarter of fiscal year 2027 28.4% – 29.4%

Earnings per share · first quarter of fiscal year 2027 $2.05 – $2.15

Gross Margin · First Quarter Fiscal 2027 68.1% – 69.1%

Gross Margin · First Quarter Fiscal 2027 69.1% – 70.1%

Operating Margin · First Quarter Fiscal 2027 28.4% – 29.4%

Net Income Per Share · First Quarter Fiscal 2027 $1.35 – $1.45

Guided vs delivered · last 8 settled

GAAP Guidance - Net Income Per Share Second Quarter Fiscal 2026

guided $1.35 – $1.45

guided $1.35 – $1.45 $1.51 Beat +7.9%

GAAP Guidance - Net Income Per Share Fiscal 2026

guided $5.72 – $6.02

guided $5.72 – $6.02 $6.35 Beat +8.2%

GAAP Guidance - Net Income Per Share First Quarter Fiscal 2026

guided $1.06 – $1.16

guided $1.06 – $1.16 $1.15 In line

GAAP Guidance - Net Income Per Share Fiscal 2025

guided $5.49 – $5.59

guided $5.49 – $5.59 $5.67 Beat +2.3%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy

1 · 3 · 3

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+51% Bullish

Price vs 50-day avg

+11% Bullish

RSI (14)

57 Neutral

MACD trend

Negative Bearish

52-week position

88% Bullish

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bullish · 3 of 6

Trend (MA cross) No cross

50d $175 › 200d $128 — 50d above 200d

Institutional flow Accumulating

+13% holders QoQ · +199 funds added

Insider flow Distributing

Net -$1.3M over 90 days · 100% sells

Short interest Falling

5.46% of float · ▼ -18.9% MoM · 4.1 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

959 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $94 Now $194 · 88% Range high $207

vs 200-day avg +51% vs 50-day avg +11%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Public Cloud net revenue	$688M	FY2026	+3.5%

Public Cloud revenue	$688M	FY2026	+3.5%

All-flash array net revenue	1.2B	Q4 FY26	—
All-flash revenues	$4.18B	FY2026	+11.0%

Billings non-GAAP	$7.21B	FY2026	—

DPO (days)	86	Q4 FY26	—

DSO (days)	60	Q4 FY26	—

Free cash flow non-GAAP	$1.87B	FY2026	—

GAAP → non-GAAP reconciliation GAAP Net Cash Provided by Operating Activities $2.07B -$198M Purchases of Property and Equipment = Free Cash Flow $1.87B
Free Cash Flow Margin non-GAAP	27%	FY2026	—

Hybrid Cloud Segment Gross Profit	$4.36B	FY2026	—
Hybrid Cloud Segment Net Revenues	$6.24B	FY2026	+5.6%

Hybrid-flash and other revenues	$2.06B	FY2026	-4.0%

Inventory Turns	12	Q4 FY26	—

Non-GAAP Effective Tax Rate non-GAAP	20.7%	FY2026	—
Non-GAAP Gross margin non-GAAP	71.3%	FY2026	—

Non-GAAP Income before Income Taxes non-GAAP	$2.06B	FY2026	—
Non-GAAP Income from Operations non-GAAP	$2.09B	FY2026	—
Non-GAAP Net Income non-GAAP	$1.64B	FY2026	—
Non-GAAP Operating margin non-GAAP	30.2%	FY2026	—

Non-GAAP Product gross margin non-GAAP	56.3%	FY2026	—
Non-GAAP Services gross margin non-GAAP	84.1%	FY2026	—

Non-GAAP Weighted Average Common Shares Outstanding, Diluted non-GAAP	201M	FY2026	—
Operating Margin non-GAAP	30.2%	FY2026	—
Public Cloud Segment Gross Margin	83.6%	FY2026	—
Public Cloud Segment Gross Profit	$575M	FY2026	—
Public Cloud Segment Net Revenues	$688M	FY2026	+3.5%

Returned to stockholders through share repurchases and cash dividends	1.36B	FY2026	—
All-flash array annualized net revenue run rate	4.2B	Q3 FY26	—
All-flash array revenue	1B	Q3 FY26	—
Capital returned to stockholders	$303M	Q3 FY26	—
Non-GAAP operating income non-GAAP	$533M	Q3 FY26	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Software - Infrastructure — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
NTAP NetApp, Inc. this stock	$38.04B	+81.0%	+5.6%	30.6	5.5%
MSFT Microsoft Corp	$3.67T	+2.6%	+6.9%	27.5	0.9%
ORCL Oracle Corp	$428.01B	-23.6%	+17.3%	25.5	1.7%
PLTR Palantir Technologies Inc.	$426.54B	-0.1%	+56.2%	151.7	2.8%
PANW Palo Alto Networks Inc	$276.48B	+84.2%	+29.0%	278.1	2.8%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

959

% held: 100.1%
Net QoQ: +24.2M sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

950

View

Short & Settlement

Short Interest Falling

Shares short

10.7M

Days to cover: 4.1d
Change: -2.5M sh

View

Short Volume

Short vol %

70%

As of: Aug 27, 2026

Short Total

View

Fails to Deliver

FTD shares

65.8K

Value: $11.2M
As of: Jul 28, 2026

View

Off-Exchange

Off-exchange %

38.9%

Week of: Jul 20, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$1.3M

Buyers / Sellers: 0 / 1

Buyers Sellers

View

Congressional Trades Buy

Member

John Boozman

Amount: $1.0K–$15.0K
Traded: Feb 27, 2026

View

Financials

Revenue (FY)

$6.2B

Net income (FY): $1.3B
EPS diluted: $6.35

View

Buybacks

Authorized

$1.0B

View

Filings

SEC Filings

Latest

DEF 14A

Filed: Jul 28, 2026
This year: 7

View

Proposed Sales

Value

$533.3K

Shares: 2.6K
Filed: Aug 17, 2026

View

Earnings & Events

Earnings Calls Upcoming

Next call

Sep 2, 2026

Last call: Jun 3, 2026

View

Investor Relations

Performance

	5D	20D	120D	MTD	YTD
NTAP	-0.3%	+11.9%	+89.8%	+8.6%	+81.0%
SPY	-0.4%	+5.0%	+12.4%	+2.6%	+12.3%
vs SPY	+0.1%	+6.9%	+77.4%	+6.1%	+68.7%

Capital returns

Latest dividend

$0.52 / share · ex Jul 10, 2026

Raised 4%

Paid (TTM)

$2.08 / share · 4 payouts

Dividend yield (TTM, derived)

1.07%

Buyback program · as of May 21, 2026

Authorized

$1.00B

Spent (derived)

—

Remaining

—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1002047 CUSIP 64110D104 13F (30d) 694 filings 690 filers Visit website Investor relations

NTAP · NetApp, Inc.

Price & Indicators

Up next

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns