NetApp
NTAP · NASDAQ · Technology
$197.79
+$0.87 (+0.44%) today
Market Cap
$38.85B
24h Volume
$952.3M
P/E Ratio
27.9
52w High
$207.08
52w Low
$93.35
Est. AI Revenue
10%
7-Day Sparkline (Static)
Company facts
Performance
About NetApp
NetApp sells the systems and software enterprises use to store and manage their data. Revenue comes from all-flash and hybrid storage arrays, support contracts, and a growing set of cloud services, including first-party offerings built into Microsoft Azure, AWS, and Google Cloud. Its customers are mostly large enterprises and government agencies.
The product line centers on ONTAP, its data management operating system, running on AFF all-flash arrays. For AI, NetApp packages storage with NVIDIA computing as AIPod systems and pitches unified data access across on-premises and cloud environments as the foundation for training and inference pipelines, with BlueXP as a single control plane.
Founded in 1992 and headquartered in San Jose, California, NetApp employs about 11,700 people and trades on the NASDAQ.
NetApp in the AI buildout
NetApp sits in the Memory & Storage layer and Cloud Infrastructure layer of the buildout. Enterprise AI projects live or die on data readiness, and NetApp's pitch is that ONTAP gives companies one way to store, move, and govern data across their own data centers and the big clouds. Its NVIDIA-validated AIPod systems target on-premises AI deployments, while its first-party hyperscaler services put its storage underneath cloud-based AI workloads.
NTAP is tracked in Memory & Storage and Cloud & Hyperscalers, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
NTAP trades at $197.79, 92% of the way up its 52-week range of $93.35 to $207.08.
Market cap
Market capitalization is $38.85B, with an AI Exposure Score of 38 out of 100.
Valuation vs peers
Its P/E ratio of 27.9 is in line with the Memory & Storage category median of 24.3.
Next earnings
NetApp is next expected to report earnings on December 1, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does NetApp do?
NetApp sells enterprise data storage hardware and software. Its ONTAP operating system runs on all-flash and hybrid arrays in corporate data centers, and its cloud services, including Azure NetApp Files and offerings on AWS and Google Cloud, extend the same data management into the hyperscalers.
How is NetApp exposed to AI?
NetApp positions its storage as the data layer for enterprise AI, selling NVIDIA-validated AIPod systems and cloud storage that feeds training and inference pipelines. Supercycle rates it Growing with an AI Exposure Score of 38 out of 100, since traditional storage refresh still drives most revenue.
What is NetApp AIPod?
AIPod is a converged infrastructure offering that pairs NetApp all-flash storage with NVIDIA computing and networking in validated configurations. It gives enterprises a pre-tested building block for on-premises AI training and inference instead of assembling storage and GPU systems separately.
Is NTAP a pure play AI stock?
No. Supercycle classifies NetApp as Growing. AI data infrastructure is a genuine tailwind and a central part of its marketing, but the business remains anchored in conventional enterprise storage, so results follow IT budgets broadly rather than AI capex specifically.
Who leads NetApp?
George Kurian has served as CEO of NetApp since 2015, steering the company toward all-flash storage and first-party cloud partnerships. NetApp was founded in 1992 and is headquartered in San Jose, California, with about 11,700 employees.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
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