NetApp First Quarter 2026 Earnings: Revenues Beat Expectations, EPS In Line

NetApp (NASDAQ:NTAP) First Quarter 2026 Results

Key Financial Results

• Revenue: US$1.56b (up 1.2% from 1Q 2025).
• Net income: US$233.0m (down 6.0% from 1Q 2025).
• Profit margin: 15% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses.
• EPS: US$1.16 (down from US$1.20 in 1Q 2025).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

NetApp Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are up 3.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of NetApp's balance sheet and an in-depth analysis of the company's financial position.

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