NetApp Shares Climb After Q2 Earnings Beat Estimates
Strong earnings and guidance typically lead to positive stock performance. Historically, similar earnings beats have propelled NTAP shares upwards.
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Strong earnings and guidance typically lead to positive stock performance. Historically, similar earnings beats have propelled NTAP shares upwards.
What happened, with direct paths to the underlying reporting
NetApp beat earnings estimates with $2.05 per share, up from $1.89. Quarterly revenue of $1.71 billion exceeded expectations of $1.69 billion. All-flash array revenue grew 9% to $1 billion, showcasing strong product demand. Public cloud revenue increased 32% year-over-year to $171 million. Fiscal 2026 EPS guidance raised, affirming strong company outlook.
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