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NetApp NTAP Q3 2026 earnings

Reported February 26, 2026 · After market close

Revenue$1.7BBeat by $17.4M
EPS$2.12Beat by $0.06
Revenue estimate$1.7B
EPS estimate$2.06

Next report

Dec 1, 2026 (in 2 months)
Revenue estimate$2.1B
EPS estimate$2.60

Financials

Q3 2026

Income statement

See full
Revenue$1.7B+4.4%
Gross profit$1.2B+5.6%
Operating income$434.0M+19.9%
Net income$334.0M+11.7%
EPS (diluted)$1.67+16.0%

Balance sheet

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Cash & equivalents$1.6B+7.8%
Total debt$2.7B+21.5%
Total equity$1.2B+16.4%
Total assets$10.0B+10.9%

Cash flow

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Operating cash flow$317.0M-17.7%
CapEx$46.0M-2.1%
Free cash flow$271.0M-19.8%

Valuation & ratios

Valuation

as of 01/23/26
See full
Market cap$19.08B-23.1%
Enterprise value$20.19B-21.0%
P/E15.7×-6.1×
P/S2.9×-0.9×

Profitability

See full
Gross margin69.7%-0.9pp
Operating margin22.8%+1.9pp
Net margin18.5%+1.0pp
FCF margin24.6%+5.1pp

Returns & leverage

See full
Return on equity112.6%-1.7pp
Debt / equity2.4×+0.1×
Current ratio1.4×+0.5×

Segments

By geography

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Americas$882.0M+5.9%
EMEA$585.0M+4.7%
Asia Pacific$246.0M-1.2%

By product

See full
Support$654.0M+5.3%
Public Cloud$174.0M0.0%
Professional And Other Services$99.0M+12.5%

FAQ

When did NetApp report Q3 2026 earnings?
NetApp (NTAP) reported Q3 2026 earnings on February 26, 2026 after market close.
What were NetApp's Q3 2026 revenue and EPS?
NetApp reported revenue of $1.7B and eps of $2.12 for Q3 2026.
Did NetApp beat estimates in Q3 2026?
Revenue beat the consensus estimate of $1.7B by $17.4M. EPS beat the consensus estimate of $2.06 by $0.06.
How did NetApp's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.4% from $1.6B a year earlier and eps grew 11.0% from $1.91.
Where can I find NetApp's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-076545) and the 10-Q periodic report (0001193125-26-076622) directly on SEC EDGAR. The filing index links above go to sec.gov.