NetApp shows strong AI-driven growth and improved margins, making it a compelling tech buy at attractive valuations.

NetApp (NTAP) reported a 10% growth in billings in Q3, driven by strong demand for AI-related infrastructure. The company improved its gross margin to 71.2% and operating margin to 31.1%, supporting double-digit earnings per share growth. With a fiscal year 2026 EPS guidance of $7.92–$8.02 and a price-to-earnings ratio near 12, NetApp offers a rare value opportunity in the tech sector, making it an attractive long-term investment despite the challenging market environment in 2026.