NetApp Q2 revenue rises 3% to $1.71 billion; GAAP EPS up 6% to $1.51
NetApp reported fiscal second-quarter 2026 results for the period ended October 24, 2025, with net revenues of $1.71 billion, up 3% from a year earlier, and GAAP diluted earnings per share of $1.51, up from $1.42. The company also gave guidance for the third quarter and full fiscal 2026, with full-year net revenues expected between $6.625 billion and $6.875 billion.
Key points
- Net revenues were $1.71 billion, up 3% year over year; GAAP net income was $305 million versus $299 million.
- Non-GAAP diluted EPS was $2.05, up 10% from $1.87; GAAP operating profit was $399 million.
- Third-quarter fiscal 2026 GAAP EPS is expected at $1.52 to $1.62; full-year fiscal 2026 GAAP EPS at $5.82 to $6.12.
- NetApp returned $353 million to stockholders through share repurchases and dividends; next dividend is $0.52 per share, payable January 21, 2026.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 25, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.