NetApp, Inc. Q2 Fiscal Year 2026 Investor Report: AI and Cloud Strategies Drive Record Profitability
1.0 Performance Overview & Key Highlights NetApp delivered a strong second quarter for fiscal year 2026 , exceeding revenue and profitability expectations through a combination of strategic alignment with high-growth markets and disciplined operational management. The company's performance was fueled by robust demand for its Artificial Intelligence (AI), public cloud , and all-flash solutions , demonstrating successful execution on its core priorities. This record profitability demonstrates the company's increasing operational leverage, which is directly attributable to the strategic pivot toward a more favorable product mix. Q2 FY2026 Performance vs. Guidance Metric Guidance (as of Aug 27, 2025) Actual Status Revenue $1.615B – $1.765B $1.71B Beat Midpoint Non-GAAP Gross Margin 70.5% – 71.5% 72.6% Beat Non-GAAP Operating Margin 28.0% – 29.0% 31.1% Beat Non-GAAP Earnings Per Share $1.84 – $1.94 $2.05 Beat Key achievements for the quarter include: Record Profitability: Th...