How did NetApp perform in its latest fiscal Q2 2026 earnings report?

NetApp reported strong Q2 2026 results with net revenues up 3% year-over-year to $1.71 billion and record adjusted EPS of $2.05.

What is NetApp's stock performance compared to its 52-week high?

NetApp's stock has fallen 9.2% from its 52-week high, and is down 8.5% over the past 52 weeks.

What do analysts think about NetApp's stock future?

Analysts have a consensus 'Moderate Buy' rating for NetApp stock, with a mean price target suggesting a 6.4% upside.

Home / Business and Economy / NetApp Stock Dips Despite Strong Q2 Earnings

NetApp Stock Dips Despite Strong Q2 Earnings

11 Dec, 2025

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Summary

NetApp reported strong fiscal Q2 2026 results with revenues up 3%.
The company's stock has fallen 9.2% from its 52-week high.
Analysts maintain a 'Moderate Buy' consensus with a price target increase.

NetApp Stock Dips Despite Strong Q2 Earnings

NetApp, Inc., a significant player in the enterprise data management sector with a market capitalization of $23.3 billion, offers solutions for on-premises, hybrid, and public cloud environments. The company operates through two main segments, Hybrid Cloud and Public Cloud, providing advanced software, high-performance storage, and integrated cloud services to a diverse range of industries.

Recently, NetApp announced strong fiscal Q2 2026 results, showcasing a 3% year-over-year increase in net revenues to $1.71 billion and a record adjusted earnings per share (EPS) of $2.05. This performance was bolstered by solid business momentum, including significant growth in all-flash array revenues and cloud storage services, alongside record operating margins.