Will NetApp’s (NTAP) AI Data and Quantum-Safe Push with AWS and F5 Change Its Narrative?

• In early December 2025, NetApp announced new AWS S3 Access Points support for Amazon FSx for NetApp ONTAP and deepened its F5 collaboration, while also appointing Willem Hendrickx to lead EMEA & LATAM and hosting AI-focused events with NVIDIA in San Jose, Atlanta, and Taipei.
• Together, these moves underline NetApp’s push to sit at the center of AI data infrastructure and quantum-resilient security across hybrid and multi-cloud environments.
• We’ll now examine how NetApp’s expanded F5 collaboration around AI data delivery and post-quantum security shapes its broader investment narrative.

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NetApp Investment Narrative Recap

To be comfortable owning NetApp, you need to believe it can convert its data storage heritage into an AI and cloud-centric subscription story, while managing margin pressure from hyperscalers. The latest F5 alliance and AI events support the near term catalyst around AI data infrastructure relevance, but do not materially change the key risk that traditional on premises storage and regional softness could drag on growth and earnings visibility.

The announcement that Amazon S3 Access Points now work with Amazon FSx for NetApp ONTAP looks particularly relevant, because it ties NetApp’s installed base more tightly into AWS AI and analytics workflows. That reinforces the catalyst around hybrid cloud and AI workloads, even as investors weigh softer revenue guidance and the ongoing shift toward lower up front, subscription oriented models.

Yet while these AI and security moves are encouraging, investors should still be aware of how concentrated growth in the Americas leaves NetApp exposed if ...

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

NetApp's narrative projects $7.5 billion revenue and $1.4 billion earnings by 2028.

Uncover how NetApp's forecasts yield a $125.00 fair value, a 8% upside to its current price.

Exploring Other Perspectives

Four members of the Simply Wall St Community currently see NetApp’s fair value between US$125 and US$185.39, reflecting very different expectations. You can weigh those views against the key risk that hyperscaler aligned cloud partnerships may compress margins and affect how the company converts its AI positioning into long term performance.

Explore 4 other fair value estimates on NetApp - why the stock might be worth as much as 60% more than the current price!

Build Your Own NetApp Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your NetApp research is our analysis highlighting 5 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.

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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.

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