NetApp Stock Slides Despite Earnings Beat
September 2, 2026
NetApp (NTAP) stock slid late Wednesday despite the enterprise data storage company reporting fiscal first-quarter results ahead of estimates. San Jose, Calif.-based NetApp reported adjusted earnings of $2.58 per share from sales of $2 billion for the July quarter. Analysts polled by FactSet were forecasting adjusted earnings of $2.12 per share on sales of $1.84 billion. Earnings per share increased 66%…
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