Results of Operations and Financial Condition · Other Events
Item 2.02 Results of Operations and Financial Condition. On May 28, 2026, NetApp, Inc. ("NetApp" or the "Company") issued a press release reporting financial results for the fourth quarter and fiscal year ended April 24, 2026. The press release is furnished herewith as Exhibit 99.1, to this Current Report. NetApp is making reference to non-GAAP financial information in both the press release and the conference call.…
Filed May 28, 2026Accepted May 28, 2026, 4:05 PM EDTCIK 1002047Accession 0001193125-26-245196
For more than three decades, NetApp has helped the world’s leading organizations navigate change - from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth. At the heart of that infrastructure is the NetApp data platform - the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.
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Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition.
On May 28, 2026, NetApp, Inc. ("NetApp" or the "Company") issued a press release reporting financial results for the fourth quarter and fiscal year ended April 24, 2026. The press release is furnished herewith as Exhibit 99.1, to this Current Report.
NetApp is making reference to non-GAAP financial information in both the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.
The information contained herein and in the accompanying exhibits shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing. The information in this report, including the exhibits hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On May 21, 2026, the Board of Directors of the Company authorized the repurchase of up to an additional $1.0 billion of the Company’s common stock, with no expiration date. Stock repurchases may be effected through open market repurchases in compliance with Rule 10b-18 under the Exchange Act, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act, privately-negotiated transactions, accelerated stock repurchase plans, block purchases or other similar purchase techniques and in such amounts as the Company’s management deems appropriate. The Company is not obligated to repurchase any specific number of shares, and the timing and actual number of shares repurchased will depend on a variety of factors, including the Company’s stock price, general economic, business and market conditions and alternative investment opportunities. The Company may discontinue purchases without notice at any time.
Filed exhibits (1)
EX-99.1 (by filename) ntap-ex99_1.htm
EX-99.1
2
ntap-ex99_1.htm
EX-99.1
EX-99.1
Exhibit 99.1
NetApp Reports Fourth Quarter and Fiscal Year 2026 Results
Delivers record net revenue, gross profit, operating income, cash flow from operations and free cash flow for Q4 and fiscal year 2026;
Fourth quarter net revenues of $1.95 billion, an increase of 12% year-over-year;
Fiscal year 2026 net revenues of $6.93 billion, an increase of 5% year-over-year
News Summary
• Record all-flash array net revenue of $1.2 billion for the fourth quarter of fiscal year 2026, an increase of 18% year-over-year
• Record Public Cloud net revenue of $182 million for the fourth quarter of fiscal year 2026, an increase of 11% year-over-year
• Record billings of $7.21 billion for fiscal year 2026, an increase of 6% year-over-year
• Returned $1.36 billion to stockholders through share repurchases and cash dividends in fiscal year 2026
SAN JOSE, Calif. - May 28, 2026 - NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today reported financial results for the fourth quarter and fiscal year 2026, which ended on April 24, 2026.
“Fiscal year 2026 was a landmark year for NetApp with record results across revenue, gross pro…
