NetApp reports record all-flash year, shares trade firmly on NASDAQ

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-29, 10:37.

NetApp Inc. (US64120B1098) underscores its long-term storage strategy with record fiscal 2026 all-flash revenues and a sharper AI focus, according to a recent Zacks analysis.Zacks commentary on NetApp's fiscal 2026 performance The NASDAQ-listed data management specialist positions itself against peers such as Dell Technologies as enterprise workloads move to flash and AI-ready architectures.

What the latest figures show

Zacks reports that NetApp delivered record fiscal 2026 all-flash revenues of about $4.2 billion, an 11 percent increase year over year.Zacks commentary on NetApp's fiscal 2026 performance The article also highlights revenue growth over recent quarters and notes that the company sees all-flash as the core of its future storage mix.

According to the same Zacks piece, NetApp recorded around 500 AI and data preparation wins in the fourth quarter, taking the total above 1,100 such deals for fiscal 2026.Zacks commentary on NetApp's fiscal 2026 performance The company guided fiscal 2027 revenues to a range of roughly $7.325 billion to $7.575 billion, signalling expectations of higher enterprise AI activity.

Analyst view and share performance

Zacks states that NetApp currently carries a Rank #3 rating, which the service classifies as Hold, and notes that consensus earnings estimates for fiscal 2027 have been revised upward over the past 60 days.Zacks commentary on NetApp's fiscal 2026 performance The analysis adds that NetApp shares gained about 34.2 percent in the past month, while the broader computer-storage devices industry rose by around 54 percent.

Forecast data compiled by PandaForecast show NetApp shares recently trading around $152.45, with the latest session on June 26 described as negative and intraday levels between roughly $149.27 and $154.71.PandaForecast data on recent NetApp trading and projections The same source cites an average analyst price prediction of about $171.75 for the stock, implying moderate upside from the current level.

The product behind the stock

NetApp's core business centers on its ONTAP data management software and associated all-flash storage arrays, particularly the AFF series used in enterprise and cloud-integrated environments.NetApp product information on all-flash arrays These systems are designed to consolidate workloads, reduce latency and feed AI and analytics applications with high-performance, persistent storage.

Where the shares trade today

NetApp shares (US64120B1098) are listed on the NASDAQ under the ticker NTAP and recently traded around $152.45 as of 2026-06-26, based on aggregated forecast and pricing data.PandaForecast data on recent NetApp trading and projections

Disclaimer: This article reports on NetApp based on publicly available information and analyst commentary. It does not constitute investment advice, no recommendation to buy or sell securities, and no guarantee of future performance.