NetApp Inc (NTAP) reported financial results for the second quarter of fiscal 2026 that surpassed analyst expectations. The company achieved earnings per share (EPS) of $2.05, exceeding the consensus estimate of $1.92 by $0.13. Revenue matched expectations at $1.7 billion.
The earnings report provides insight into NetApp's operational performance and financial health. The company, headquartered in San Jose, California, engages in providing software, systems, and services to manage and share data on-premises. It employs approximately 11,700 full-time staff and focuses on creating silo-free infrastructure that leverages observability and AI for data management.
NetApp's Hybrid Cloud segment offers a unified data storage portfolio that aids customers in modernising their data centres, while its Public Cloud segment delivers a range of products primarily as-a-service, including cloud storage and data services across major platforms like Amazon AWS, Microsoft Azure, and Google Cloud.
The company will host an earnings conference call after market close to discuss these results and provide further commentary on business performance. Upcoming earnings are scheduled for 2 September 2026, with analysts estimating an EPS of $1.87 and revenue of $1.7 billion.
With a market capitalisation of $21.4 billion and a price-to-earnings ratio (P/E) of 18.29, NetApp continues to demonstrate a robust financial position, underscored by its commitment to optimising performance and efficiency through innovative solutions in the technology sector.