NetApp (NASDAQ: NTAP) specializes in data storage and cloud data services, helping businesses manage their information across different environments. On May 28, 2026, NetApp is scheduled to report its earnings after the market closes, an event that investors are watching closely.
Wall Street analysts are forecasting an earnings per share (EPS) of $2.27. This represents an expected increase from the $1.93 per share reported in the same period last year. Additionally, revenue is estimated to be approximately $1.87 billion, up from the $1.73 billion reported a year ago.
This positive outlook is supported by what Zacks highlights as rising demand for AI and cloud growth. However, the company also faces challenges from increasing memory costs and significant market competition. Historically, NetApp has surpassed earnings estimates in the last four consecutive quarters, setting a positive precedent for investors.
Ahead of its earnings report, NetApp shares gained 2.7% to close at $142.74. The company also announced it received the 2026 Google (NASDAQ: GOOGL) Cloud Infrastructure Modernization Partner of the Year for Storage Award. This is the seventh time NetApp has received this recognition, showing its strong industry partnership.
From a valuation standpoint, NetApp has a price-to-earnings (P/E) ratio of 22.72. This metric shows how much investors are willing to pay for each dollar of the company's earnings. The company's debt-to-equity ratio is 2.36, which indicates its level of debt financing compared to shareholder equity.
