NetApp Inc.
NetApp Reports Second Quarter of Fiscal Year 2026 Financial Results and Business Highlights
Summary
NetApp, Inc. reported financial results for the second quarter of fiscal year 2026, with net revenues of $1.71 billion, a 3% year-over-year increase. The company also reported a GAAP net income per share of $1.51 and a non-GAAP net income per share of $2.05. NetApp highlighted strong demand for its AI solutions and cloud storage services, with notable growth in all-flash array revenue and public cloud revenue. Additionally, NetApp provided financial guidance for the third quarter and full fiscal year 2026. The company returned $353 million to stockholders through share repurchases and cash dividends.
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About NetApp Inc.
NetApp Inc. is a leading provider of cloud data services and data management solutions worldwide. Specializing in data storage systems, the company helps organizations harness the full potential of their data in the cloud and in the data center environments. NetApp's portfolio includes cloud integration, data storage hardware, and software-defined storage services designed to simplify and optimize data management for businesses of all sizes. Serving industries such as technology, healthcare, financial services, and more, NetApp empowers its clients to store, manage, and analyze data efficiently, enhancing their competitive edge. The company's innovative solutions support both private and public cloud infrastructures, making it a significant player in the rapidly evolving cloud computing market. Founded in 1992 and headquartered in Sunnyvale, California, NetApp contributes substantially to the digital transformation journey of enterprises, highlighting its role in facilitating agile and secure data operations.
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