NetApp: Fiscal 3Q26 Financial Results

NetApp, the Intelligent Data Infrastructure company, today reported financial results for the third quarter of fiscal year 2026, which ended on January 23, 2026.“We are pleased to announce another strong quarter with accelerating revenue and earnings growth, driven by a record quarter in all-flash array revenue, strong performance in first-party and marketplace cloud storage services, growing leadership in enterprise AI, and operational discipline,” said George Kurian, CEO, NetApp. “Our unified data platform continues to deliver exceptional customer benefits, establishing us as the intelligent data backbone for the AI era. Building on our strong portfolio and momentum, we are well-positioned to drive sustained growth and are confident in our ability to deliver long-term value for our shareholders.”

Full reconciliations between GAAP and non-GAAP measures, and explanations related to the usage of non-GAAP measures, are provided below.

Constant Currency ^– Q3 Fiscal Year 2026 versus Q3 Fiscal Year 2025

• In constant currency, YoY, net revenues increased by 2% and billings increased by 8%
• The YoY fluctuations of GAAP and non-GAAP net income presented in the tables above each include a favorable impact of approximately $21 million from foreign currency exchange rate changes
• The YoY fluctuations of GAAP and non-GAAP earnings per share presented in the tables above each include a favorable impact of approximately $0.11 from foreign currency exchange rate changes

Third Quarter of Fiscal Year 2026 Business Highlights

Leading Product Innovation

• NetApp introduced agentic AI capabilities in Workload Factory for FSx for NetApp ONTAP, delivering real-time insights that enable proactive detection and faster, more intelligent operational response
• NetApp announced Edge-Aware Caching Insights in Workload Factory, providing centralized visibility into FlexCache relationships to improve performance alignment and efficiency across distributed storage environments
• NetApp launched the Amazon EVS Best Practice Advisor in Workload Factory, delivering automated VMware scans and actionable guidance to keep FSx for NetApp ONTAP environments aligned with performance, security, and cost best practices
• NetApp announced a new integration enabling Amazon S3 Access Points for Amazon FSx for NetApp ONTAP, allowing enterprises to connect AWS AI, ML, and analytics services directly to NetApp file data in the cloud and on premises without moving data
• NetApp announced the general availability of Azure NetApp Files single file restore from backup, enabling customers to restore individual files from a backup vault without restoring an entire volume
• NetApp announced the general availability of Azure NetApp Files backup support for large volumes, allowing high-speed, point-in-time backups to low-cost Azure storage to support long-term retention, data protection, and compliance needs
• NetApp announced the general availability of cross-zone-region replication for Azure NetApp Files, enabling volume replication across regions and availability zones to enhance disaster recovery and business continuity
• NetApp announced the public preview of cache volumes for Azure NetApp Files, introducing cloud-based caching that brings frequently accessed data closer to users to improve performance while reducing WAN latency and bandwidth costs
• NetApp announced the public preview of large volume breakthrough mode for Azure NetApp Files, delivering extreme performance and scalability for HPC (high-performance computing) and EDA (Electronic Design Automation) workloads with multi-PiB (Pebibyte) volumes, ultra-high throughput, and dedicated capacity for predictable performance
• NetApp introduced the public preview of large volumes up to 7.2 PiB with cool access for Azure NetApp Files, enabling cost-effective, petabyte-scale storage for infrequently accessed data while maintaining predictable enterprise performance
• NetApp introduced preview support for Azure NetApp Files in OpenShift Virtualization, enabling fast VM provisioning, instant cloning, and live migration with scalable, predictable storage for enterprise VM workloads
• NetApp announced the public preview of Object REST API on Azure NetApp Files, enabling customers to seamlessly integrate Azure NetApp Files data with Microsoft Fabric, Azure AI services, and other Azure offerings without the need to move or replicate data
• NetApp introduced the public preview of advanced ransomware protection for Azure NetApp Files, providing proactive threat detection with automatic snapshots and alerts to support rapid response and recovery
• NetApp announced block storage support forGoogle Cloud NetApp Volumes, empowering organizations to seamlessly migrate or extend their on-premises SAN environments to Google Cloud
• NetApp introduced an AI-powered VS Code extension for Google Cloud NetApp Volumes, enabling developers to create, configure, and manage storage directly within the IDE using natural language and Copilot to accelerate Infrastructure as Code workflows
• NetApp announced zonal high availability for Google Cloud NetApp Volumes in preview, enabling cross-zone replication to improve resilience and business continuity for mission-critical workloads

Customer and Partner Momentum

• NetApp was named the 2025 Americas Partner of the Year Software Development Company (SDC) Canada Award winner by Microsoft, recognizing its innovation and success delivering Azure-based solutions through its deep, first-party cloud integration

Personnel

• NetApp appointed Willem Hendrickx as Senior Vice President and General Manager for EMEA and LATAM, tasking him with leading regional strategy and growth as customer demand accelerates for AI-driven, hybrid cloud data infrastructure
• NetApp welcomed Paul Fipps, President of Global Customer Operations at ServiceNow, to its Board of Directors, where he will help guide strategy and strengthen customer-focused growth and innovation for AI and digital transformation

Awards and Recognition

• IDC’s Worldwide Quarterly Enterprise Storage Systems Tracker showed NetApp ranking among the top three global storage vendors in Q3 2025, as enterprises selectively increased storage investments alongside accelerating AI-driven server spending