NetApp, Inc. (NTAP) is a cloud-led software and storage solutions provider with a $23.3 billion market cap. Analysts expect a Q2 earnings report, projecting $1.51 per share profit, down 1.3% from last year. For fiscal 2026, profit is anticipated at $6.27 per share, an 8.3% increase from 2025.

Despite underperforming, NetApp saw a 4.5% share price increase after posting better-than-expected Q1 earnings. Revenue rose 1.2% to $1.6 billion, surpassing estimates by 1.3%. Analysts are moderately optimistic with a “Moderate Buy” rating and a $121.73 price target, indicating a 3.9% potential upside.

Read more at Yahoo Finance: What You Need to Know Ahead of NetApp’s Earnings Release