CtrlK
NTAP
NASDAQ
Technology
$154.59
USD
-$2.04 (-1.30%)
Last close
Market Cap:
$30.48B
Volume:
2.1M
Previous Close
$156.63
Day Range
$152.53 - $158.00
52 Week Range
$93.69 - $192.83
Average Volume (10 Days)
3.3M
P/E Ratio
23.89
Dividend Yield
1.36%
NetApp, Inc. engages in the provision of software, systems, and services to manage and share data on-premises. The company is headquartered in San Jose, California and currently employs 11,700 full-time employees. The company 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.
CEO
Mr. George Kurian
Headquaters
San Jose, CALIFORNIA, US
Founded
1995
Employees
11,700
NetApp reported record fiscal 2026 results, with Q4 revenue rising 12% year-over-year to $1.95 billion and full-year revenue reaching $6.93 billion. The company secured more than 1,100 AI and data preparation wins during the year, supporting all-flash storage revenue growth of 18% in Q4. However, elevated NAND and DRAM costs are expected to pressure gross margins in fiscal 2027 despite strong demand.
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NetApp delivered fiscal Q4 revenue of $1.95 billion and earnings of $2.43 per share, both exceeding analyst expectations. The company issued above-consensus guidance for Q1 and full-year fiscal 2027, citing strong demand from enterprise customers adopting AI and managing unstructured data.
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NetApp has expanded its partnership with Google Cloud through a four-year agreement to bring enterprise storage capabilities to Google Distributed Cloud (GDC), a sovereign cloud platform designed for secure, restricted environments. The collaboration includes new integrations with Gemini Enterprise AI services and recognition as Google Cloud's 2026 Infrastructure Modernization Partner of the Year for Storage.
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