NetApp (NTAP) Stock Price

NetApp Price

NASDAQ·CLOSED
185.50USD-4.36 (-2.32 %)
Market closed

Over the last 19 years NetApp grew revenue by 4.9% annually, reaching 6.93 B USD. Earnings per share have grown at 11.5% per year over the last 19 years. For NetApp, the net margin of 18.4% is up versus 14.8% a few years ago. At today's price the dividend yield works out to roughly 1.12%. The payout ratio is around 37% of earnings. The dividend has grown at 16.1% per year over the past 13 years. The consensus 12-month price target for NetApp is 130.56 USD, about 29.6% below where the stock trades today. Of 28 analysts, 14 rate the stock a buy — an overall Buy consensus. The stock trades about 97% above its 52-week low.

NetApp stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of NetApp over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how NetApp stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing NetApp's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

NetApp Stock Price History
DateNetApp Price
8/31/2026185.50 USD
8/28/2026189.86 USD
8/27/2026189.00 USD
8/26/2026193.85 USD
8/25/2026187.43 USD
8/24/2026187.61 USD
8/21/2026192.27 USD
8/20/2026192.81 USD
8/19/2026197.67 USD
8/18/2026202.29 USD
8/14/2026207.08 USD
8/13/2026204.99 USD
8/12/2026202.05 USD
8/11/2026198.47 USD
8/10/2026200.14 USD
8/7/2026189.52 USD
8/6/2026191.48 USD
8/5/2026190.15 USD
8/4/2026192.44 USD
8/3/2026182.92 USD
7/31/2026178.50 USD
7/30/2026173.98 USD
7/29/2026172.63 USD
7/27/2026166.86 USD
7/23/2026164.64 USD
7/22/2026166.54 USD
7/21/2026165.76 USD
7/20/2026161.16 USD
7/17/2026163.88 USD
7/16/2026159.69 USD
Access this data via the Eulerpool API

NetApp Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
6.32 B USD
1.16 B USD
937.00 M USD
Jan 1, 2023
6.36 B USD
1.02 B USD
1.27 B USD
Jan 1, 2024
6.27 B USD
1.21 B USD
986.00 M USD
Jan 1, 2025
6.57 B USD
1.34 B USD
1.19 B USD
Jan 1, 2026
6.93 B USD
1.70 B USD
1.28 B USD
Jan 1, 2027 (e)
7.54 B USD
2.15 B USD
1.89 B USD
Jan 1, 2028 (e)
7.97 B USD
2.34 B USD
2.10 B USD
Jan 1, 2029 (e)
8.52 B USD
2.77 B USD
2.39 B USD

NetApp Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 1, 2026, 3:19 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
20142015201620172018201920202021202220232024202520262027e2028e2029e
6.336.125.555.525.916.155.415.746.326.366.276.576.937.547.978.52
-0.11-3.21-9.41-0.497.103.98-11.946.139.990.70-1.484.855.378.845.726.88
61.9662.6160.8261.4262.5864.1966.9466.4266.7966.1670.7270.1970.7470.7470.7470.74
3.923.833.373.393.703.953.623.824.224.214.434.614.905.335.646.02
0.730.720.350.721.131.220.951.041.161.021.211.341.702.152.342.77
11.6011.706.2712.9619.0319.8717.4618.0418.3116.0019.3720.3424.4828.5729.4232.47
0.640.560.230.510.081.170.820.730.941.270.991.191.281.892.102.39
26.14-12.24-59.03122.27-85.071,438.16-29.94-10.8728.3635.97-22.6120.287.5947.7311.1914.12
0.630.690.740.781.201.761.921.962.002.002.042.082.082.082.112.15
110.009.527.255.4153.8546.679.092.082.042.001.961.441.90
323.50296.00284.00275.00264.00236.00224.00229.00220.00211.00210.00202.00199.00199.00199.00199.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales NetApp generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue NetApp retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare NetApp's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares NetApp has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against NetApp's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

NetApp stock margins

The NetApp margin analysis displays the gross margin, EBIT margin, as well as the profit margin of NetApp. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for NetApp.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2022
66.79 %
18.31 %
14.83 %
Jan 1, 2023
66.16 %
16.00 %
20.03 %
Jan 1, 2024
70.72 %
19.37 %
15.73 %
Jan 1, 2025
70.19 %
20.34 %
18.05 %
Jan 1, 2026
70.74 %
24.48 %
18.43 %
Jan 1, 2027 (e)
70.74 %
28.57 %
25.02 %
Jan 1, 2028 (e)
70.74 %
29.42 %
26.31 %
Jan 1, 2029 (e)
70.74 %
32.47 %
28.09 %

NetApp Stock Revenue, EBIT, Earnings per Share

The NetApp earnings per share therefore indicates how much revenue NetApp has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2022
28.72 USD
5.26 USD
4.26 USD
Jan 1, 2023
30.15 USD
4.82 USD
6.04 USD
Jan 1, 2024
29.85 USD
5.78 USD
4.70 USD
Jan 1, 2025
32.53 USD
6.62 USD
5.87 USD
Jan 1, 2026
34.80 USD
8.52 USD
6.41 USD
Jan 1, 2027 (e)
36.06 USD
10.82 USD
9.02 USD
Jan 1, 2028 (e)
38.13 USD
11.78 USD
10.03 USD
Jan 1, 2029 (e)
40.75 USD
13.89 USD
11.45 USD

NetApp business model & stock analysis

NetApp is an American technology company and one of the world's leading providers of cloud data storage solutions based in Sunnyvale, California. The company was founded in 1992 by Dave Hitz, James Lau, and Michael Malcolm and originated in the development of storage solutions for networks. NetApp aims to help businesses securely store, organize, and access their data efficiently. They offer various IT solutions and services, focusing on data storage, data management, and data analytics. Their key product is the Data Fabric concept, which allows seamless integration of data across different locations, including the cloud, data centers, and on-premises. NetApp offers a range of products tailored to meet the needs of different-sized companies and industries, including all-flash systems, disk arrays, hybrid cloud solutions, and software-defined storage technologies. They also provide consulting, support, and monitoring services to ensure the security and stability of their storage systems. NetApp has expanded its products and services strategically and collaborates with various companies such as Microsoft, VMware, and Cisco to integrate its solutions with other technologies. They have also made strategic investments in cloud technology, such as the acquisition of "CloudJumper" in 2020, to enhance their Data Fabric business model. Overall, NetApp is a leading provider of data storage solutions, offering a wide range of products and services to efficiently store, manage, and protect data. They have established themselves as an important player in the information technology industry with a focus on cloud-first strategies and data storage solutions.

NetApp SWOT Analysis

Strengths

NetApp Inc. holds a prominent position in the data storage and management industry, known for its reliable solutions and innovation.

The company offers a comprehensive range of storage systems, software, and services, catering to diverse customer needs.

NetApp Inc. has established strategic partnerships with major technology companies, enhancing its product offerings and expanding its customer base.

The company has a solid financial position, with steady revenue growth and a strong balance sheet, allowing for investments in research and development.

Weaknesses

NetApp Inc. relies heavily on hardware sales, which leaves the company exposed to potential market fluctuations and shifts towards cloud-based storage solutions.

Compared to some competitors, NetApp Inc. has a relatively smaller global footprint, resulting in reduced market access and potential growth opportunities.

While NetApp Inc. offers a wide range of storage solutions, it may lack diversity in its product focus compared to competitors with broader offerings.

Opportunities

As organizations increasingly generate and analyze larger volumes of data, there is a significant opportunity for NetApp Inc. to expand its customer base and offer more advanced storage solutions.

The shift towards cloud computing presents an opportunity for NetApp Inc. to leverage its expertise and offer cloud-based storage solutions to meet the evolving needs of customers.

NetApp Inc. can benefit from advancements in technologies such as artificial intelligence, machine learning, and big data analytics, by integrating them into its storage solutions.

Threats

NetApp Inc. operates in a highly competitive market, facing competition from established players and emerging startups, which may impact market share and pricing.

Fluctuations in the global economy and financial markets can impact IT spending, potentially affecting NetApp Inc.'s revenue growth and profitability.

With the increasing frequency and complexity of cyber threats, NetApp Inc. needs to continually invest in cybersecurity measures to protect customer data and maintain trust.

NetApp Employees

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  • Max

NetApp Employees
Details
Date
NetApp Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees
Jan 1, 2026
- Employees

NetApp Segments

NetApp Revenue by Segment (1/5)

  • 3 Years

  • 5 Years

  • Max

Product
Strategic product revenues
Hardware maintenance and other services including professional services, global support solutions, and customer education and training
Hardware support contracts
Mature product revenues
Hardware maintenance support contracts
Software maintenance associated with contracts which entitle customers to receive unspecified product upgrades and enhancements on a when-and-if-available basis, as well as bug fixes and patch releases
Professional and other services
Details
Date
Product
Strategic product revenues
Hardware maintenance and other services including professional services, global support solutions, and customer education and training
Hardware support contracts
Mature product revenues
Hardware maintenance support contracts
Software maintenance associated with contracts which entitle customers to receive unspecified product upgrades and enhancements on a when-and-if-available basis, as well as bug fixes and patch releases
Professional and other services
Jan 1, 2019
3.76 B USD
2.71 B USD
1.45 B USD
0.00 USD
1.05 B USD
1.18 B USD
946.00 M USD
263.00 M USD
Jan 1, 2020
0.00 USD
1.81 B USD
0.00 USD
0.00 USD
1.19 B USD
1.14 B USD
0.00 USD
241.00 M USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
1.20 B USD
0.00 USD
0.00 USD
0.00 USD
277.00 M USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

NetApp Revenue by Segment (2/5)

  • 3 Years

  • 5 Years

  • Max

Product
Service
Hardware support and other services including hardware support, professional services, customer education and training
Hardware maintenance and other services including professional services, global support solutions, and customer education and training
Software support associated with contracts which entitle customers to receive unspecified product upgrades and enhancements on a when-and-if-available basis, as well as bug fixes and patch releases
Software maintenance associated with contracts which entitle customers to receive unspecified product upgrades and enhancements on a when-and-if-available basis, as well as bug fixes and patch releases
Details
Date
Product
Service
Hardware support and other services including hardware support, professional services, customer education and training
Hardware maintenance and other services including professional services, global support solutions, and customer education and training
Software support associated with contracts which entitle customers to receive unspecified product upgrades and enhancements on a when-and-if-available basis, as well as bug fixes and patch releases
Software maintenance associated with contracts which entitle customers to receive unspecified product upgrades and enhancements on a when-and-if-available basis, as well as bug fixes and patch releases
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
3.00 B USD
0.00 USD
0.00 USD
1.38 B USD
0.00 USD
1.03 B USD
Jan 1, 2021
2.99 B USD
0.00 USD
1.47 B USD
0.00 USD
1.28 B USD
0.00 USD
Jan 1, 2022
3.28 B USD
3.03 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
3.05 B USD
3.31 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
3.04 B USD
3.53 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

NetApp Revenue by Segment (3/5)

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  • Max

Professional and Other Services
Details
Date
Professional and Other Services
Jan 1, 2019
0.00 USD
Jan 1, 2020
0.00 USD
Jan 1, 2021
0.00 USD
Jan 1, 2022
294.00 M USD
Jan 1, 2023
319.00 M USD
Jan 1, 2025
355.00 M USD

NetApp Revenue by Segment (4/5)

  • 3 Years

  • Max

Support
Public Cloud
Details
Date
Support
Public Cloud
Jan 1, 2019
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
Jan 1, 2022
2.34 B USD
396.00 M USD
Jan 1, 2023
2.42 B USD
575.00 M USD
Jan 1, 2025
0.00 USD
0.00 USD

NetApp Revenue by Segment (5/5)

  • Max

Support
Public Cloud
Details
Date
Support
Public Cloud
Jan 1, 2019
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
Jan 1, 2025
2.51 B USD
665.00 M USD

NetApp Revenue by Region

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  • Max

Americas
United States, Canada And Latin America (Americas)
United States
Europe, Middle East And Africa (EMEA)
EMEA
Asia Pacific (APAC)
Asia Pacific
Details
Date
Americas
United States, Canada And Latin America (Americas)
United States
Europe, Middle East And Africa (EMEA)
EMEA
Asia Pacific (APAC)
Asia Pacific
Germany
Jan 1, 2011
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
618.00 M USD
Jan 1, 2019
0.00 USD
3.43 B USD
3.12 B USD
1.85 B USD
0.00 USD
874.00 M USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
2.86 B USD
2.58 B USD
1.74 B USD
0.00 USD
807.00 M USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
3.10 B USD
2.78 B USD
1.78 B USD
0.00 USD
872.00 M USD
0.00 USD
0.00 USD
Jan 1, 2022
3.46 B USD
0.00 USD
3.04 B USD
0.00 USD
1.98 B USD
0.00 USD
879.00 M USD
0.00 USD
Jan 1, 2023
0.00 USD
3.39 B USD
2.97 B USD
2.06 B USD
0.00 USD
909.00 M USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
3.35 B USD
3.09 B USD
2.20 B USD
0.00 USD
1.02 B USD
0.00 USD
0.00 USD

NetApp Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

NetApp historical P/E ratio, EBIT multiple, and P/S ratio

NetApp annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

NetApp shares outstanding

The number of shares of NetApp was 202 M in 2025. This indicates how many shares NetApp is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2022
220.00 M Stocks
Jan 1, 2023
211.00 M Stocks
Jan 1, 2024
210.00 M Stocks
Jan 1, 2025
202.00 M Stocks
Jan 1, 2026
199.00 M Stocks
Jan 1, 2027 (e)
199.00 M Stocks
Jan 1, 2028 (e)
199.00 M Stocks
Jan 1, 2029 (e)
199.00 M Stocks

NetApp stock splits

In NetApp's history, there have been no stock splits.

NetApp Dividend History

14 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20261.56USDYTD
Jan 2, 20260.52USD 0.0%1/3
Apr 2, 20260.52USD 0.0%2/3
Jul 10, 20260.52USD 0.0%3/3
20252.08USD 2.0%
Jan 3, 20250.52USD 0.0%1/4
Apr 4, 20250.52USD 0.0%2/4
Jul 3, 20250.52USD 0.0%3/4
Oct 3, 20250.52USD 0.0%4/4
20242.04USD 2.0%
20232.00USD 0.0%
20222.00USD 2.0%
20211.96USD 2.1%
20201.92USD 9.1%
20191.76USD 46.7%
20181.20USD 53.8%
20170.78USD 5.4%

NetApp dividend history and estimates

In 2025, NetApp paid a dividend amounting to 2.08 USD. Dividend means that NetApp distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2022
2.00 USD
0.00 USD
Jan 1, 2023
2.00 USD
0.00 USD
Jan 1, 2024
2.04 USD
0.00 USD
Jan 1, 2025
2.08 USD
0.00 USD
Jan 1, 2026
2.08 USD
0.00 USD
Jan 1, 2027 (e)
0.52 USD
1.56 USD
Jan 1, 2028 (e)
0.00 USD
2.11 USD
Jan 1, 2029 (e)
0.00 USD
2.15 USD

NetApp dividend payout ratio

In 2025, NetApp had a payout ratio of 35.43%. The payout ratio indicates the percentage of the company's profits that NetApp distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2022
46.96 %
Jan 1, 2023
33.12 %
Jan 1, 2024
43.45 %
Jan 1, 2025
35.43 %
Jan 1, 2026
37.33 %
Jan 1, 2027 (e)
23.06 %
Jan 1, 2028 (e)
21.07 %
Jan 1, 2029 (e)
18.76 %

Current NetApp forecasts and price targets in September 2026

Analyst Price Targets 2026
Δ MOM Price Target
4.49 %
Buy
50.00 % (14)
Hold
46.43 % (13)
Sell
3.57 % (1)
12M Price Target
130.56
Last Price
185.50
Currency
USD
12M Return Potential
-29.62 %
LTM Return
0 %

NetApp Analyst Rating Actions

DateFirmActionRatingReliability
8/18/2026
Citigroup
Citigroup
MaintainedNeutral48
8/10/2026
Morgan Stanley
Morgan Stanley
UpgradeUnderweightEqual Weight51
6/1/2026
Argus Research
Argus Research
MaintainedBuy
5/29/2026
Wells Fargo
Wells Fargo
MaintainedEqual Weight55
5/29/2026
Wedbush
Wedbush
MaintainedNeutral58
5/29/2026
Susquehanna
Susquehanna
MaintainedNeutral
5/29/2026
Northland Capital Markets
Northland Capital Markets
MaintainedOutperform
5/29/2026
Morgan Stanley
Morgan Stanley
MaintainedUnderweight51
5/29/2026
JP Morgan
JP Morgan
MaintainedNeutral59
5/29/2026
Evercore ISI Group
Evercore ISI Group
MaintainedIn Line62

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

NetApp Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
9/2/20262.16USD-1.87 BUSD-2027 Q1
5/28/20262.31USD-1.91 BUSD-2026 Q4
2/26/20262.11USD-1.73 BUSD-2026 Q3
11/25/20251.92USD-1.72 BUSD-2026 Q2
11/26/20241.82USD-1.68 BUSD-2025 Q2
5/29/20241.76USD-1.68 BUSD-2024 Q4
2/21/20241.72USD-1.62 BUSD-2024 Q3
11/28/20231.45USD-1.68 BUSD-2024 Q2
5/31/20231.57USD-1.81 BUSD-2023 Q4
2/22/20231.46USD-1.74 BUSD-2023 Q3
...

EESG©

Eulerpool ESG Scorecard© for the NetApp stock

77/100
65
Environment
87
Social
79
Governance
E

Environment

20
Scope 1 - Direct Emissions3,164
Scope 2 - Indirect emissions from purchased energy44,847
Scope 3 - Indirect emissions within the value chain1,260,683
Total CO₂ emissions48,011
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees25.6
Percentage of women in management
Percentage of Asian employees23.5
Share of Asian management23.4
Percentage of Hispanic/Latino employees4.9
Hispano/Latino Management share4
Percentage of Black employees5.5
Black Management Share4.2
Percentage of white employees63.8
White Management Share67
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

NetApp shareholder structure

% Name
9.52528%
BLACKROCK, INC.
BLACKROCK, INC.
6.05375%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
5.97507%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.79592%
STATE STREET CORP
STATE STREET CORP
4.33371%
PRIMECAP MANAGEMENT CO/CA/
PRIMECAP MANAGEMENT CO/CA/
3.08347%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
...

NetApp Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.3%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
29.80%
NetApp, Inc.
NetApp, Inc.
SEC ↗
17.50%
The TCW Group, Inc., on behalf of the TCW Business Unit
The TCW Group, Inc., on behalf of the TCW Business Unit
SEC ↗
14.27%
PRIMECAP Management Company 95-3868081
PRIMECAP Management Company 95-3868081
SEC ↗
12.90%
Capital International Investors **
Capital International Investors **
SEC ↗
11.49%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
11.40%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
11.27%
Abigail P. Johnson
Abigail P. Johnson
SEC ↗
11.00%
Identification #52-2069785 (formerly 13-2631108)
Identification #52-2069785 (formerly 13-2631108)
SEC ↗
10.60%
94-1441976
94-1441976
SEC ↗
9.50%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗

NetApp Executives and Management Board

14 members · avg. age 59 · 29 % women

GK

Mr. George Kurian (58)

Chief Executive Officer, Director · since 2013

23.13 M USD

Management

WJ

Mr. Wissam Jabre (55)

Chief Financial Officer, Executive Vice President

18.26 M USD
CR

Mr. Cesar Cernuda Rego (53)

President

12.21 M USD
EO

Ms. Elizabeth O'callahan (56)

Executive Vice President, Chief Administrative Officer, Company Secretary

5.41 M USD
SN

Mr. Syam Nair (51)

Chief Product Officer

Board of Directors

TN

Mr. Thomas Nevens (75)

Independent Chairman of the Board

538,814.00 USD
DA

Mr. Deepak Ahuja (62)

Independent Director

395,075.00 USD
SS

Mr. Scott Schenkel (57)

Independent Director

382,575.00 USD
AG

Mr. Anders Gustafsson (65)

Independent Director

367,575.00 USD
DK

Ms. Deborah Kerr (53)

Independent Director

365,075.00 USD
CP

Ms. Carrie Palin (53)

Independent Director

365,075.00 USD

NetApp Supply Chain

NetApp Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Jabil Inc.
Supplier
0.53
0.84
0.85
0.89
0.97
0.97
0.94
2
0.26
-0.33
0.41
0.38
0.93
0.96
1.15
3
SMART Global Holdings, Inc.
Supplier
0.45
0.92
0.16
-0.09
0.85
0.93
4
Logicom
Customer
0.40
0.33
-0.26
0.59
0.93
0.92
5
Zensar
Supplier·Customer
0.48
0.55
0.64
0.77
0.82
0.89
#Nameβ 1YTrend
1
ATM
Customer
0.60
0.59
2
Perspecta
Customer
0.54
0.76
0.76
0.70
0.61
3
0.35
0.83
-0.52
-0.73
0.04
4
Orange S.A.
Customer
0.26
-0.07
-0.66
-0.39
5
0.34
0.85
0.72
0.66
-0.24
-0.40

Frequently asked questions about NetApp

The business model of NetApp Inc revolves around providing data storage and management solutions. As a global leader in cloud-based, hybrid, and on-premises storage systems, NetApp offers a diverse portfolio of products and services. Their innovative storage technologies enable businesses to efficiently store, manage, and protect their data, ensuring reliable access and helping organizations derive valuable insights. By delivering scalable and high-performance storage solutions, NetApp caters to various industry verticals, including enterprise, government, and healthcare sectors. With a strong focus on customer satisfaction and technological advancements, NetApp continues to enhance its offerings to meet the evolving data storage needs of businesses worldwide.

NetApp Inc is primarily active in the information technology industry.

NetApp Inc faces strong competition in the market from companies such as Dell Technologies, Hewlett Packard Enterprise (HPE), IBM, and Pure Storage.

NetApp Inc is a leading data management and storage company founded in 1992. It has established itself as a key player in the technology industry, specializing in products and services that help organizations effectively manage their data. With a vast portfolio of solutions, NetApp offers innovative storage systems, software, and cloud services catering to enterprise customers worldwide. Over the years, NetApp has gained recognition for its commitment to customer success and technological advancements, empowering businesses to unlock the full potential of their data. As a trusted manufacturer, NetApp Inc continues to thrive, offering exemplary data management solutions for businesses of all sizes.

NetApp Inc, a leading data management and storage solutions provider, has achieved several significant milestones throughout its history. Firstly, the company revolutionized the storage industry with its introduction of the world's first networked storage architecture. Additionally, NetApp has consistently been recognized for its innovative technologies and breakthrough solutions, earning multiple patents and industry awards. Notably, the company's commitment to customer satisfaction has resulted in numerous accolades, including being named a leader in the Gartner Magic Quadrant for primary storage. NetApp's dedication to sustainability is also commendable, as evidenced by its inclusion in the Dow Jones Sustainability Index. Overall, NetApp Inc has demonstrated remarkable achievements in technology, customer service, and sustainability, solidifying its position as a leader in the industry.

NetApp Inc is primarily present in multiple countries and regions worldwide. Some key areas where the company has a strong presence include the United States, Canada, Europe (including the United Kingdom, Germany, France, and Italy), Asia-Pacific (including China, Japan, and India), and Latin America. With its global reach, NetApp Inc serves customers from various industries, providing innovative data storage and management solutions that cater to their unique business needs.

NetApp Inc represents core values of integrity, customer focus, and teamwork. They prioritize delivering innovation and strategic partnerships to empower organizations in managing and storing data efficiently. NetApp's corporate philosophy revolves around a commitment to creating a positive work environment, fostering diversity and inclusion, and promoting sustainable practices. As a leading provider of hybrid cloud solutions, NetApp Inc strives to enable customers to achieve their digital transformation goals by offering data management solutions that enhance agility, cost-effectiveness, and competitiveness. NetApp Inc's dedication to customer success and their robust portfolio of storage and data management solutions solidify their position as a trusted industry leader.

Analysts currently set an average price target of 125.22 USD for the NetApp stock (median: 130.56 USD), implying -32.5 % versus the latest price. The consensus is based on 28 analyst ratings.

28 analysts currently rate the NetApp stock: 14 recommend buying, 13 holding and 1 selling.

Converted at the current exchange rate, the NetApp share trades at 159.79 EUR (185.50 USD).

The NetApp share (NTAP) is listed on 9 stock exchanges, including: NASDAQ (NTAP), XETRA (NTA.DE), Frankfurt (NTA.F), München (NTA.MU), Düsseldorf (NTA.DU), Hamburg (NTA.HM), London (0K6F.L), London (0K6F.L).

NetApp Inc is a US-based company specializing in the development and marketing of storage and data solutions. It was founded in 1992 and is headquartered in Sunnyvale, California. NetApp operates internationally and employs over 10,000 employees worldwide. Its business model encompasses storage and data management, cloud services, IoT solutions, and consulting and support services. The company aims to help businesses effectively manage their data and applications in the digital age.

The revenue of NetApp is 6.93 B USD. This figure is based on current financial data and reflects the company's business performance.

The profit of NetApp is 1.28 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of NetApp is currently 28.93. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the NetApp stock.

The price-to-sales ratio (P/S) of NetApp is currently 5.33. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the NetApp stock.

The Eulerpool Quality Score for NetApp is 6/10.

The ISIN of NetApp is US64110D1046. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of NetApp is A0NHKR. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of NetApp is NTAP. The ticker symbol is used to trade NetApp shares on the stock exchange.

Over the past 12 months, NetApp paid a dividend of 2.08 USD . This corresponds to a dividend yield of about 1.12 %. For the coming 12 months, NetApp is expected to pay a dividend of 2.08 USD.

The current dividend yield of NetApp is 1.12 %.

NetApp pays a dividend, distributed in the months of , , , .

NetApp paid dividends every year for the past 13 years.

For the upcoming 12 months, dividends amounting to 2.08 USD are expected. This corresponds to a dividend yield of 1.12 %.

NetApp is assigned to the 'Information technology' sector.

To receive the latest dividend of NetApp from amounting to 0.52 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, NetApp distributed 2.08 USD as dividends.

The dividends of NetApp are distributed in USD.

All fundamentals and in-depth analysis of NetApp

Our stock analysis for NetApp stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of NetApp. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.