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Did Netapp Beat Earnings?
Netapp (NTAP) reported Q2 '26 revenue of $1.95B, up 12.5% year-over-year, with reported EPS of $2.03. That topped the $1.88 analyst estimate by 8.0% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Netapp’s job postings, web traffic, and employee business outlook. See the full NTAP stock analysis or the earnings calendar for upcoming reports.
NTAP Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $1.88 | $2.03 | Beat +8.0% |
| Q1 '26 | $1.67 | $1.68 | Beat +0.6% |
| Q4 '25 | $1.88 | $2.05 | Beat +9.0% |
| Q3 '25 | $1.54 | $1.55 | Beat +0.6% |
| Q2 '25 | $1.90 | $1.93 | Beat +1.6% |
| Q1 '25 | $1.91 | $1.91 | Met +0.0% |
Netapp Quarterly Financial Trends
| Metric | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.66B | 1.64B | 1.73B | 1.56B | 1.71B | 1.71B | 1.95B | 2.03B |
| Gross margin | 71.0% | 69.8% | 68.9% | 70.4% | 72.0% | 70.6% | 70.1% | 70.1% |
| Operating margin | 20.8% | 22.1% | 20.1% | 19.8% | 23.4% | 25.2% | 27.3% | 23.9% |
| Net income | 299M | 299M | 340M | 233M | 305M | 334M | 404M | 375M |
| Net margin | 18.0% | 18.2% | 19.6% | 14.9% | 17.9% | 19.5% | 20.7% | 18.5% |
| EPS | $1.87 | $1.91 | $1.93 | $1.55 | $2.05 | $1.68 | $2.03 | — |
Netapp Earnings Trend Analysis
Over the eight quarters from Q4 '24 to Q3 '26, Netapp’s quarterly revenue moved from $1.66B to $2.03B. Net margin held roughly steady from 18% to 18.5%, against a 70.1% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Netapp has beaten Wall Street EPS estimates in 8 of its last 8 reported quarters.
When Is Netapp’s Next Earnings Date?
Netapp reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the NTAP earnings calendar.
Frequently Asked Questions: Netapp Earnings
Netapp's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Netapp reported Q2 '26 EPS of $2.03 on revenue of $1.95B (+12.5% YoY). Netapp beat estimates, reporting $2.03 vs. the $1.88 estimate.
Netapp reported Q2 '26 revenue of $1.95B, up 12.5% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the NTAP AI Score.
