NetApp expects strong Q3 earnings with 18% revenue growth driven by AI and cloud demand.

NetApp, Inc. forecasts a strong quarterly earnings report with an EPS estimate of $2.12, up from $1.55 last year, and revenue projected at $1.84 billion, marking an 18.2% increase. This growth is supported by an extra week in the quarter and strong demand for AI and cloud storage services, with its cloud division growing 30% in fiscal 2026. The company has consistently exceeded earnings estimates in the past four quarters, and analysts have raised the stock price target to $206. NetApp also maintains a healthy current ratio and offers a 1.14% annual dividend yield, signaling financial stability and shareholder returns.