NetApp Inc.
NetApp Authorizes Additional $1.0 Billion for Stock Repurchases
Summary
On May 21, 2026, NetApp, Inc. announced that its Board of Directors authorized the repurchase of up to an additional $1.0 billion of the Company's common stock. This authorization has no expiration date, and the repurchases may be effected through various methods including open market repurchases, privately-negotiated transactions, and accelerated stock repurchase plans. Additionally, on May 28, 2026, NetApp reported financial results for the fourth quarter and fiscal year ended April 24, 2026, with a press release furnished as Exhibit 99.1.
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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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