Does NetApp’s AI Infrastructure Role at StructureCraft Reshape the Bull Case For NTAP?

• In July 2026, NetApp filed a preliminary proxy urging shareholders to vote against a proposal to allow action by written consent, while also announcing that engineering and construction firm StructureCraft is using NetApp technology to build an AI-ready, centralized data infrastructure for global collaboration and large-scale design workloads.
• The StructureCraft collaboration highlights how NetApp’s storage and data platforms are being adopted as foundational infrastructure for custom AI tools and complex, data-intensive workflows.
• We’ll now examine how NetApp’s role in enabling StructureCraft’s AI-ready data infrastructure could influence the company’s broader investment narrative.

Find 38 companies with promising cash flow potential yet trading below their fair value.

NetApp Investment Narrative Recap

To own NetApp, you need to believe it can translate its position in hybrid cloud and AI data infrastructure into durable, profitable growth despite shifting enterprise storage spending. The StructureCraft win reinforces NetApp’s relevance in real world AI workloads, but it does not change that the near term catalyst still centers on scaling AI driven deals, while the key risk remains pressure on traditional on premises storage and competition from hyperscalers.

Among recent announcements, NetApp’s June 2026 expansion of its Cisco FlexPod collaboration for AI is especially relevant. Together with the StructureCraft deployment, it shows NetApp’s platforms being used in demanding AI and design environments, which directly ties into consensus catalysts around AI workload adoption and higher value flash and cloud services, even as investors keep an eye on the risks from industry shifts and pricing pressure.

Yet beneath these AI wins, rising component costs and potential pressure on gross margins are also information investors should be aware of...

Read the full narrative on NetApp (it's free!)

NetApp's narrative projects $8.3 billion revenue and $1.7 billion earnings by 2029. This requires 6.3% yearly revenue growth and roughly a $0.4 billion earnings increase from $1.3 billion today.

Uncover how NetApp's forecasts yield a $175.69 fair value, a 7% upside to its current price.

Exploring Other Perspectives

The most pessimistic analysts were assuming only about 5.6% annual revenue growth to roughly US$8.2 billion by 2029, which contrasts sharply with today’s AI focused wins and shows how differently you and other investors might interpret the same headlines.

Explore 3 other fair value estimates on NetApp - why the stock might be worth just $175.69!

Form Your Own Verdict

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your NetApp research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free NetApp research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NetApp's overall financial health at a glance.

No Opportunity In NetApp?

Early movers are already taking notice. See the stocks they're targeting before they've flown the coop:

• Invest in the nuclear renaissance through our list of 90 elite nuclear energy infrastructure plays powering the global AI revolution.
• Uncover the next big thing with 21 elite penny stocks that balance risk and reward.
• This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com