NetApp (NTAP) Q4 Profit Rises on Cloud, All-Flash Storage Demand

NetApp Inc. (NASDAQ: NTAP) reported higher fiscal fourth-quarter profit on May 28, 2026, as enterprise spending on hybrid cloud and all-flash storage solutions accelerated. Net income rose to $300 million, or $1.50 per share, from $250 million, or $1.25 per share, a year earlier. Adjusted earnings of $1.65 per share surpassed the $1.58 average analyst estimate, according to FactSet. Revenue climbed 10% to $1.8 billion, also beating consensus, driven by a 15% increase in all-flash array sales and expanding public cloud services. Gross margin improved to 71% from 69%. For the fiscal first quarter, the company forecast revenue of $1.75 billion to $1.85 billion and adjusted EPS of $1.55 to $1.65, broadly inline with Wall Street expectations. Shares rose 2% in after-hours trading.