NetApp, Inc.

NasdaqGS:NTAP Stock Report

Market Cap: US$21.9b

NetApp Future Growth

Future criteria checks 2/6

NetApp is forecast to grow earnings and revenue by 5.2% and 4.1% per annum respectively. EPS is expected to grow by 6.4% per annum. Return on equity is forecast to be 92.3% in 3 years.

Key information

5.2%

Earnings growth rate

6.38%

EPS growth rate

Tech earnings growth9.3%
Revenue growth rate4.1%
Future return on equity92.35%
Analyst coverage

Good

Last updated14 Aug 2025

Recent future growth updates

NetApp, Inc. (NASDAQ:NTAP) Just Released Its Yearly Earnings: Here's What Analysts Think

Jun 01
NetApp, Inc. (NASDAQ:NTAP) Just Released Its Yearly Earnings: Here's What Analysts Think

Analysts Are Updating Their NetApp, Inc. (NASDAQ:NTAP) Estimates After Its Second-Quarter Results

Nov 27
Analysts Are Updating Their NetApp, Inc. (NASDAQ:NTAP) Estimates After Its Second-Quarter Results

Recent updates

Is It Too Late To Consider Buying NetApp, Inc. (NASDAQ:NTAP)?

Jul 13
Is It Too Late To Consider Buying NetApp, Inc. (NASDAQ:NTAP)?

NetApp (NASDAQ:NTAP) Has Affirmed Its Dividend Of $0.52

Jun 25
NetApp (NASDAQ:NTAP) Has Affirmed Its Dividend Of $0.52

NetApp: Needs To Prove Its Capabilities Before Achieving Revenue Expansion

Jun 04

NetApp, Inc. (NASDAQ:NTAP) Just Released Its Yearly Earnings: Here's What Analysts Think

Jun 01
NetApp, Inc. (NASDAQ:NTAP) Just Released Its Yearly Earnings: Here's What Analysts Think

NetApp: Disappointing Guidance Paved The Way For An Attractive Price In This Strong Company

Apr 15

These 4 Measures Indicate That NetApp (NASDAQ:NTAP) Is Using Debt Safely

Apr 14
These 4 Measures Indicate That NetApp (NASDAQ:NTAP) Is Using Debt Safely

Are Investors Undervaluing NetApp, Inc. (NASDAQ:NTAP) By 50%?

Mar 26
Are Investors Undervaluing NetApp, Inc. (NASDAQ:NTAP) By 50%?

NetApp: Tremendous Value To Be Unlocked

Mar 19

Statutory Profit Doesn't Reflect How Good NetApp's (NASDAQ:NTAP) Earnings Are

Mar 11
Statutory Profit Doesn't Reflect How Good NetApp's (NASDAQ:NTAP) Earnings Are

NetApp: Stands To Benefit From AI, But Needs More Discount

Feb 17

NetApp, Inc.'s (NASDAQ:NTAP) Share Price Could Signal Some Risk

Feb 12
NetApp, Inc.'s (NASDAQ:NTAP) Share Price Could Signal Some Risk

What Does NetApp, Inc.'s (NASDAQ:NTAP) Share Price Indicate?

Jan 27
What Does NetApp, Inc.'s (NASDAQ:NTAP) Share Price Indicate?

Under The Bonnet, NetApp's (NASDAQ:NTAP) Returns Look Impressive

Dec 27
Under The Bonnet, NetApp's (NASDAQ:NTAP) Returns Look Impressive

Is NetApp, Inc. (NASDAQ:NTAP) Trading At A 37% Discount?

Dec 12
Is NetApp, Inc. (NASDAQ:NTAP) Trading At A 37% Discount?

Analysts Are Updating Their NetApp, Inc. (NASDAQ:NTAP) Estimates After Its Second-Quarter Results

Nov 27
Analysts Are Updating Their NetApp, Inc. (NASDAQ:NTAP) Estimates After Its Second-Quarter Results

NetApp: ARR Growth And Margin Expansion Should Drive Further Upside

Nov 26

NetApp's Q2 Earnings Preview: Profits, Partnerships, And The Path Forward

Nov 19

Is NetApp (NASDAQ:NTAP) A Risky Investment?

Nov 04
Is NetApp (NASDAQ:NTAP) A Risky Investment?

NetApp: Why Investors Should Remain Bullish For Fiscal 2025

Oct 22

Unpleasant Surprises Could Be In Store For NetApp, Inc.'s (NASDAQ:NTAP) Shares

Oct 20
Unpleasant Surprises Could Be In Store For NetApp, Inc.'s (NASDAQ:NTAP) Shares

NetApp: Trading At Great Value Despite AI Tailwinds

Sep 30

What Does NetApp, Inc.'s (NASDAQ:NTAP) Share Price Indicate?

Sep 19
What Does NetApp, Inc.'s (NASDAQ:NTAP) Share Price Indicate?

NetApp, Inc.'s (NASDAQ:NTAP) CEO Looks Like They Deserve Their Pay Packet

Sep 04
NetApp, Inc.'s (NASDAQ:NTAP) CEO Looks Like They Deserve Their Pay Packet

NetApp: No More Near-Term Good News Left - Downgrading To Hold

Sep 02
author-image

Expanding Flash Arrays And Cloud Services Propel Growth Amid Financial And Market Risks

Expansion in all-flash arrays and growth in customer acquisition in this segment highlight potential for continued revenue increases without specifying figures.

Estimating The Intrinsic Value Of NetApp, Inc. (NASDAQ:NTAP)

Aug 26
Estimating The Intrinsic Value Of NetApp, Inc. (NASDAQ:NTAP)

NetApp: Hold, The Margin Of Safety Has Been Exploited

Jul 30

Earnings and Revenue Growth Forecasts

NasdaqGS:NTAP - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
4/30/20287,4971,4121,9122,1154
4/30/20277,1071,3131,7761,91414
4/30/20266,7571,2241,5961,72717
4/25/20256,5721,1861,3381,506N/A
1/24/20256,5081,1371,2651,444N/A
10/25/20246,4731,1511,3751,543N/A
7/26/20246,3771,0851,4121,573N/A
4/26/20246,2689861,5301,685N/A
1/26/20246,1819401,1591,307N/A
10/27/20236,1016921,0301,200N/A
7/28/20236,2021,2091,0701,279N/A
4/28/20236,3621,2748681,107N/A
1/27/20236,4611,2881,0151,283N/A
10/28/20226,5491,4758951,166N/A
7/29/20226,4529491,0101,250N/A
4/29/20226,3189379851,211N/A
1/28/20226,1931,0121,1631,359N/A
10/29/20216,0499421,3051,472N/A
7/30/20215,8998551,1741,335N/A
4/30/20215,7447301,1711,333N/A
1/29/20215,5905921,0091,157N/A
10/30/20205,5246871,0561,204N/A
7/31/20205,479793846990N/A
4/24/20205,4128199361,060N/A
1/24/20205,6031,0199411,076N/A
10/25/20195,7629919731,107N/A
7/26/20195,9089891,1841,325N/A
4/26/20196,1461,1691,1681,341N/A
1/25/20196,1981,063N/A1,436N/A
10/26/20186,174335N/A1,405N/A
7/27/20186,072268N/A1,554N/A
4/27/20185,919116N/A1,478N/A
1/26/20185,75616N/A1,349N/A
10/27/20175,621641N/A1,164N/A
7/28/20175,546576N/A1,008N/A
4/28/20175,491481N/A986N/A
1/27/20175,418311N/A966N/A
10/28/20165,400318N/A1,086N/A
7/29/20165,505323N/A1,073N/A
4/29/20165,546229N/A974N/A
1/29/20165,706372N/A1,025N/A
10/30/20155,871396N/A945N/A
7/31/20155,969442N/A1,181N/A
4/24/20156,123560N/A1,268N/A
1/23/20156,232622N/A1,242N/A
10/24/20146,291637N/A1,298N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTAP's forecast earnings growth (5.2% per year) is above the savings rate (3.1%).

Earnings vs Market: NTAP's earnings (5.2% per year) are forecast to grow slower than the US market (15.1% per year).

High Growth Earnings: NTAP's earnings are forecast to grow, but not significantly.

Revenue vs Market: NTAP's revenue (4.1% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: NTAP's revenue (4.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NTAP's Return on Equity is forecast to be very high in 3 years time (92.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/14 16:48
End of Day Share Price 2025/08/14 00:00
Earnings2025/04/25
Annual Earnings2025/04/25

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NetApp, Inc. is covered by 67 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Josep BoriAtlantic Equities LLP
Jayson NolandBaird