NetApp Q4 Results Rise, Guides Q1 & FY25, Declares Dividend; But Stock Down

NetApp

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(RTTNews) - Data infrastructure company NetApp Inc. (NTAP) on Thursday revealed outlook for the first quarter and fiscal 2026, expecting year-over-year growth in the year, after reporting higher fourth-quarter results.

Meanwhile, the stock was down 6 percent on Thursday's extended hours on the NYSE at $93.60, after losing 0.5 percent in the regular trading.

For the first quarter of 2026, the company expects earnings per share in the range of $1.06 - $1.16. Adjusted earnings per share are projected between $1.48 and $1.58. Quarterly revenues are expected in the $1.455 billion-$1.605 billion range.

Analysts, on average, expect the company to post earnings of $1.55 per share on revenues of $1.57 billion in the first quarter. Analysts' estimates typically exclude special items.

In its prior year's first quarter, net income was $1.17 per share, adjusted earnings were $1.56 per share and revenue was $1.541 billion.

For fiscal 2026, NetApp expects earnings per share in the range of $5.80 - $6.10, while adjusted earnings per share are projected between $7.60 and $7.90. Revenues are expected in the $6.625 billion-$6.875 billion range.

In fiscal 2025, net income per share was $5.67 and adjusted net income per share was $7.25 on net revenues of $6.57 billion.

Analysts expect the company to post earnings of $7.73 per share on revenues of $6.81 billion in fiscal 2026.

The company declared a dividend of $0.52 per share is to be paid on July 23 to stockholders of record as of the close of business on July 3.

In its latest fourth quarter, NetApp reported a profit, which rose from last year and beat the Street estimates.

The company's earnings totaled $340 million or $1.65 per share, compared with $291 million or $1.37 per share last year. Adjusted earnings were $397 million or $1.93 per share for the period.

Analysts had expected the company to earn $1.9 per share.

The company's revenue for the period rose 3.8 percent to $1.732 billion from $1.668 billion last year.

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