For the quarter ended April 2026, NetApp (NTAP) reported revenue of $1.95 billion, up 12.5% over the same period last year. EPS came in at $2.43, compared to $1.93 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.86 billion, representing a surprise of +4.51%. The company delivered an EPS surprise of +7.05%, with the consensus EPS estimate being $2.27.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NetApp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Gross margin - Product - Non-GAAP: 56.1% versus the seven-analyst average estimate of 55.5%. Total Revenue - % Change: 12% versus the six-analyst average estimate of 7.4%. Gross margin - Services - Non-GAAP: 84.7% compared to the 84% average estimate based on six analysts. Net revenues- Services: $982 million versus $948.67 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +10.7% change. Net revenues- Product: $966 million compared to the $910.27 million average estimate based on seven analysts. The reported number represents a change of +14.3% year over year. Net revenues- Public Cloud: $182 million compared to the $182 million average estimate based on five analysts. The reported number represents a change of +11% year over year. Net revenues- Hybrid Cloud: $1.77 billion compared to the $1.67 billion average estimate based on five analysts. The reported number represents a change of +12.6% year over year. Net revenues- Support: $688 million versus the four-analyst average estimate of $663.96 million. The reported number represents a year-over-year change of +10.1%. Net revenues- Professional and Other Services: $112 million versus $111.21 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change. Gross Profit- Products: $542 million compared to the $505.36 million average estimate based on seven analysts. Gross Profit- Public Cloud: $156 million versus $155.08 million estimated by three analysts on average. Gross Profit- Professional and Other Services: $36 million versus the three-analyst average estimate of $34.72 million.View all Key Company Metrics for NetApp here>>>
Shares of NetApp have returned +31.4% over the past month versus the Zacks S&P 500 composite's +5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Radical New Technology Could Hand Investors Huge Gains
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NetApp, Inc. (NTAP): Free Stock Analysis Report
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