Citable filing context
NTAP's research view summarizes recent SEC filing context, starting with other from Sep 11, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 11, 2026 | other | NetApp stockholders approved an amended charter for officer exculpation and elected directors at the annual meeting. |
| Sep 2, 2026 | earnings | NetApp reported Q1 FY27 net revenue of $2.03B, up 30% year-over-year, and raised full-year guidance. |
| May 28, 2026 | earnings | NetApp reported Q4 net revenues of $1.95 billion and FY2026 net revenues of $6.93 billion. |
| Sep 2, 2026 | Guidance: eps | 1.97 to 2.07 |
| Sep 2, 2026 | Guidance: eps | 7.35 to 7.65 |
| Sep 2, 2026 | Guidance: gross_margin | 67.10 to 68.10 |
| Sep 2, 2026 | mda_quarterly | NetApp’s quarterly performance highlights a strategic focus on high-margin All-Flash Arrays (AFA) and cloud storage integration amid cautious enterprise IT spending. The Hybrid Cloud segment remains the primary revenue driver, propelled by strong customer adoption of the All-Flash SAN Array (ASA) and AFF C-series capacity flash lines, which successfully offset declines in legacy hybrid-flash and disk systems. NetApp Keystone, the company's storage-as-a-service offering, continues to drive recurring subscription utility revenue. In the Public Cloud segment, growth is anchored by first-party cloud storage services co-designed with AWS, Microsoft Azure, and Google Cloud, though Public Cloud Annualized Revenue Run-Rate (ARR) expansion has faced headwinds from customer cloud-cost optimization. NetApp achieved gross margin expansion, benefiting from a favorable product mix and disciplined pricing, which mitigated rising NAND flash component costs. Operating margins improved due to targeted cost-reduction initiatives and disciplined operational spending. Key risks impacting outlook include prolonged enterprise sales cycles, macroeconomic uncertainty, and foreign exchange fluctuations. Cash flow from operations remains robust, supporting consistent capital allocation toward share repurchases and dividend payments. |
| Jun 5, 2026 | business | NetApp provides Intelligent Data Infrastructure, centering its portfolio on the ONTAP data management software. The company operates across Hybrid Cloud and Public Cloud segments, offering all-flash arrays (AFF, ASA), AI-optimized storage (AFX), and native integrations with AWS, Microsoft Azure, and Google Cloud. A primary strategic pivot is the acceleration of AI adoption via the NetApp AI Data Engine and partnerships with NVIDIA. NetApp is transitioning toward consumption-based models through NetApp Keystone, its Storage-as-a-Service offering. Financially, the company faces significant customer concentration, with two major clients accounting for 43% of fiscal 2026 net revenues. Key operational risks include a heavy reliance on third-party contract manufacturers and a limited supplier base for critical components like NAND. Furthermore, NetApp is exposed to geopolitical volatility, particularly regarding China and Taiwan, and must navigate a complex regulatory landscape including the EU AI Act and GDPR. The shift from traditional capital expenditure models to operating expense-based cloud consumption remains a critical transition for long-term revenue stability. Additionally, the company manages inherent seasonality, typically experiencing revenue declines in the first quarter of its fiscal year. |
Source: SEC EDGAR filing text and events; period Sep 11, 2026; filed Sep 11, 2026.
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