NTAP
NetAppNASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-05-08
As of May 8, 2026, NTAP has a composite score of 29.5 and a signal label of "mild favorable." The score is influenced by a medium confidence level of 75.6 and an elevated risk label. Key drivers include macroeconomic factors such as rates, growth, inflation, and labor, with the most recent fundamentals dated February 26, 2026, indicating that the assessment is provisional.
Price
Daily closes from AlphaVantage. Earnings/event dots are placed inline.
Factor signals
Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.
Thesis
— is this a strong company over a 1–3 year hold?Why this rank
- Direction share1.00
- Slope (norm)0.00
- Bonus0.00
Why this rank
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q3
Why this rank
Watch
— has something changed worth re-reading?Why this setup
EPS estimate $1.83 → $1.84 (+0.7% / 30d). 1 raised, 0 cut, 15 covering analysts.
0 upgrades, 1 downgrade / 30d, 0 maintained. 40% of analysts rate Buy.
F4 · Management deep-dive — recent events, stated priorities, guidance track record
Recent 8-K events
No recent events recorded.
Stated priorities
3 priorityies extracted from earnings transcripts (as of 2026-05-08).
- 1.Maintain strong gross marginscostmixed65% progress
2/26: “Consolidated gross margins are expected to be in the range of: 69.7% - 70.7%.”
Why this status
Stated in 2 of last 2 quarters. Gross profit was $1,209M in 2026-Q3, indicating a focus on maintaining strong margins. The guidance for gross margins remains consistent, suggesting a stable trajectory.
- 2.Achieve revenue growthgrowthmixed65% progress
2/26: “Net revenues are expected to be in the range of: $6.772 billion – $6.922 billion.”
Why this status
Stated in 3 of last 3 quarters. Revenue was $1,713M in 2026-Q3, aligning with the guidance range. The consistent revenue guidance suggests a focus on achieving growth, with limited progress beyond maintaining the range.
- 3.Sustain operating margincostmixed65% progress
2/26: “Operating margins are expected to be in the range of: 23.3% - 24.3%.”
Why this status
Newly stated in 2026-Q3. Operating income was $434M in 2026-Q3, reflecting efforts to sustain margins within the guided range. The focus on maintaining operating margins is evident, though delivery is early in its trajectory.
Guidance track record
Insufficient guidance history for this ticker.
Position context
— how violent might the path be while I hold it?Why this risk level
Recent vol — 30d annualized 34%; 252d 31%.
Drawdown — Max 1y −25%. Bad day move −3%.
Beta to sector ETF (XLK) — 0.05 over 1y.
Liquidity — score 100/100.
Sub-scores — vol 49/100, drawdown 50/100, beta 5/100, earnings vol —.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-05-08.
What changed
The most important moves since the prior daily snapshot.
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-05-08
Management scorecard
How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 100% of the last 3 guided quarters · 35.2% avg surprise
What management is focused on
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
- #1
Maintain strong gross margins
CostFocus on sustaining consolidated gross margins within the guided range.
MixedStated in 2 of last 2 quarters. Gross profit was $1,209M in 2026-Q3, indicating a focus on maintaining strong margins. The guidance for gross margins remains consistent, suggesting a stable trajectory.
65%CEO/CFO:“Consolidated gross margins are expected to be in the range of: 69.7% - 70.7%.”Multiple sourcesSource dated 2026-02-26Stated 2 of last 8 quartersFirst seen 2026-02-26Show history (2)
- 2026-Q3Multiple sources
“Consolidated gross margins are expected to be in the range of: 69.7% - 70.7%.”
- 2025-Q2Multiple sources
“Gross margins are expected to be in the range of: 69.7% - 70.7%.”
- #2
Achieve revenue growth
GrowthTarget revenue growth within the guided range for fiscal year 2026.
MixedStated in 3 of last 3 quarters. Revenue was $1,713M in 2026-Q3, aligning with the guidance range. The consistent revenue guidance suggests a focus on achieving growth, with limited progress beyond maintaining the range.
65%CEO/CFO:“Net revenues are expected to be in the range of: $6.772 billion – $6.922 billion.”Multiple sourcesSource dated 2026-02-26Stated 3 of last 8 quartersFirst seen 2026-02-26Show history (3)
- 2026-Q3Multiple sources
“Net revenues are expected to be in the range of: $6.772 billion – $6.922 billion.”
- 2025-Q2Multiple sources
“Net revenues are expected to be in the range of: $6.625 billion - $6.875 billion.”
- 2025-Q1Multiple sources
“Net revenues are expected to be in the range of: $6.625 billion - $6.875 billion.”
- #3
Sustain operating margin
CostMaintain operating margins within the guided range for fiscal year 2026.
MixedNewly stated in 2026-Q3. Operating income was $434M in 2026-Q3, reflecting efforts to sustain margins within the guided range. The focus on maintaining operating margins is evident, though delivery is early in its trajectory.
65%CEO/CFO:“Operating margins are expected to be in the range of: 23.3% - 24.3%.”Multiple sourcesSource dated 2026-02-26Stated 1 of last 8 quartersFirst seen 2026-02-26Show history (1)
- 2026-Q3Multiple sources
“Operating margins are expected to be in the range of: 23.3% - 24.3%.”
How this stock is priced
Two ways to read price: against peers in the same business, and against the company's own history.
Looks cheaper than most peers in the same business.
Cheaper than its own typical valuation.
P/E over the last 5 years
57 monthly pointsHow this compares
A side-by-side read on composite, valuation, and risk versus peers.
| Stock | Composite | Valuation | Risk |
|---|---|---|---|
NTAP NetApp | +30 | inexpensive | elevated |
NVDA NVIDIA Corporation | +20 | full | moderate |
AAPL Apple Inc | +19 | full | moderate |
MSFT Microsoft | +27 | fair | elevated |
AVGO Broadcom | +11 | expensive | elevated |
Risk — how this stock moves
What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.
What could change this view
Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.
- If information_technology sector trend rises from +0.08 into 'improving' (>= +0.20)+5.0 pts
- If next-quarter guidance is raised (currently NEW as of 2026-02-26)+4.0 pts
- If next-quarter guidance is cut (currently NEW as of 2026-02-26)-8.0 pts
- If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
- If information_technology sector trend falls from +0.08 into 'weakening' (<= -0.20)-5.0 pts
Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-02-262mo agoItem 2.02
Results of Operations and Financial Condition. On February 26, 2026, NetApp, Inc. ("NetApp" or the "Company") issued a press release reporting financial results for the third quarter of fiscal year 2026, ended January 23, 2026. The press release is furnished herewith as Exhibit 99.1, to this Current Report. NetApp is making reference to non-GAAP financial information in both the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP…
earnings preannouncementneutralscore 13
Score history
The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.