NetApp, Inc. · Software - Infrastructure

NTAPNetApp, Inc.

Reports 2026-09-02 After close · WedReaction day 09-03reported · reaction settled

Before the print · expectationsfrozen at T-1

Expected move (options)±12.3%from the event straddle

Actual vs expected, last 8Q—Lite and up

Short interest—Lite and up

Lean—Lite and up

Lean, evidence and peer references — Lite

The calendar is free. From the entry plan up you also get, for every ≥$1B reporter: the model lean with the evidence behind it, the peers that have already reported and how they traded, and the stock's own earnings history.

Lean and confidence, with the evidence rows that produced it
Per-peer reference table: each peer's own print, move and guidance
Expected-move band and the stock's last eight prints

The print · 8-K and call2026-09-02 · After close

Revenue$2.02B

est. $1.87B · +8.0%

EPS$2.58

est. $2.16 · +19.4%

Guidance · Next Q revenue$2.02B–$2.17Bno comparable consensus

Key figures, management quotes, the sector read and the grade come with Lite.

Reactionday-5 settled

After-hours move, 18:00−8.5%as of 18:00 · Actual / expected move 0.69

Open / day close−10.4% / +2.6%Actual / expected move 0.21

5 days later+1.6%

Lean, stance and evidence on this page are model outputs, not investment advice. Trade at your own risk. Disclaimer →

NetApp earnings review: what the record says

NetApp (NTAP) reported earnings on Sep 2, 2026, after the close. The company posted EPS of $2.58 against $2.16 expected (a 19.4% beat) and revenue of $2.02B against $1.87B expected. The stock opened −10.4% and closed the first session +2.6%, against an implied move of ±12.3%. Five sessions later it was +1.6%.

Across its last 8 reports, NTAP beat the EPS consensus 6 times out of 8 with a figure on file, and the stock moved an average of 7.4% on the first trading day, closing higher 2 of 8 times. That first-day move was larger than the options-implied move in 3 of 8 reports. Measured over five sessions, the average move was 9.9%.

Historically, NTAP has usually stayed inside its implied move. A beat alone has not been enough: NTAP closed higher after only 1 of its 6 EPS beats. NextPick tracks NTAP in its Data Center Infra basket alongside CSCO, DELL, ANET and VRT, whose prints read through to this one.

Figures come from NextPick's earnings-reaction ledger and the options market. Not investment advice.

NTAP earnings: key questions

How did NTAP stock react to earnings?

After the Sep 2, 2026 report, NTAP closed the first session +2.6%.

How much does NTAP stock move after earnings?

Over its last 8 reports, NTAP moved an average of 7.4% on the first trading day after earnings. The move was larger than the options-implied move in 3 of 8 reports.

Does NTAP usually beat earnings estimates?

NTAP beat the EPS consensus in 6 of its last 8 reports with a surprise on file and missed in 1.