NTAP Q2 Deep Dive: AI, Cloud, and Product Innovation Drive Market Outperformance

Data storage company NetApp (NASDAQ:NTAP) announced better-than-expected revenue in Q2 CY2026, with sales up 29.9% year on year to $2.03 billion. On top of that, next quarter’s revenue guidance ($2.1 billion at the midpoint) was surprisingly good and 13.2% above what analysts were expecting. Its non-GAAP profit of $2.58 per share was 21.5% above analysts’ consensus estimates.