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YahooSeptember 2, 2026 at 5:16 PM NYyesterday

NetApp (NASDAQ:NTAP) Delivers Strong Q2 CY2026 Numbers But Stock Drops

Data storage company NetApp (NASDAQ:NTAP) reported Q2 CY2026 results topping the market’s revenue expectations, with sales up 29.9% year on year to $2.03 billion. On top of that, next quarter’s revenue guidance ($2.1 billion at the midpoint) was surprisingly good and 13.2% above what analysts were expecting. Its non-GAAP profit of $2.58 per share was 21.5% above analysts’ consensus estimates.

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