Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when NTAP files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsNetApp reports Q4 and FY2026 earnings, authorizes up to $1B stock buyback with no expiration
Filed May 28, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
-
high
NetApp announced financial results for Q4 and fiscal year 2026 (ended April 24, 2026) via press release on May 28, 2026. Actual figures are in the attached exhibit.
Item 2.02 verify on EDGAR → -
high
Board approved new up to $1.0 billion share repurchase program on May 21, 2026, with no expiration date, giving management ongoing flexibility to buy back stock.
Item 8.01 verify on EDGAR → -
medium
Company retains full discretion on buyback timing and amount; can adjust or halt purchases based on stock price, market conditions, and alternative capital uses.
Item 8.01 verify on EDGAR → -
medium
NetApp is using non-GAAP financial measures in earnings materials; reconciliations to GAAP are provided in the press release for comparison.
Item 2.02 verify on EDGAR →
Summary
NetApp disclosed its fourth quarter and full fiscal year 2026 results (ending April 24, 2026) through a May 28 press release. The company is using non-GAAP metrics in its earnings presentation, with GAAP reconciliations provided for transparency. More significantly, NetApp's Board authorized a substantial up to $1.0 billion share repurchase program on May 21, 2026, with no expiration date.
This signals management's confidence in the stock's value and commitment to returning capital to shareholders. Retail investors should note that while the buyback authorization is sizable, the company retains complete discretion over execution. NetApp can adjust the pace, suspend, or discontinue purchases at any time based on stock price, market conditions, or competing investment opportunities.
The lack of an expiration date means this authorization could support the stock over an extended period. Watch for quarterly disclosures of actual repurchase activity to gauge how aggressively management is deploying this capital allocation tool versus reinvesting in the business.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Item 2.02 — Results of Operations and Financial Condition filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 28, 2026, NetApp, Inc. ("NetApp" or the "Company") issued a press release reporting financial results for the fourth quarter and fiscal year ended April 24, 2026.
NetApp disclosed its financial results for the fourth quarter and full fiscal year ending April 24, 2026 through a press release. The actual financial figures are contained in the attached press release (Exhibit 99.1), which is not included in this 8-K body text.
Added in current filing · verify on EDGAR →
NetApp is making reference to non-GAAP financial information in both the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.
The company is using non-GAAP financial metrics in its earnings announcement and conference call. Reconciliations to GAAP measures are provided in the press release, allowing investors to compare adjusted results with standard accounting figures.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 21, 2026, the Board of Directors of the Company authorized the repurchase of up to an additional $1.0 billion of the Company’s common stock, with no expiration date.
NetApp's Board approved a new $1.0 billion share buyback program on May 21, 2026, with no time limit. This authorization is incremental to any existing repurchase programs and gives management flexibility to buy back shares through various methods including open market purchases, private transactions, or accelerated repurchase plans.
Added in current filing · verify on EDGAR →
The Company is not obligated to repurchase any specific number of shares, and the timing and actual number of shares repurchased will depend on a variety of factors, including the Company’s stock price, general economic, business and market conditions and alternative investment opportunities. The Company may discontinue purchases without notice at any time.
NetApp retains full discretion over whether and when to execute buybacks under this authorization. The company can adjust or halt repurchases based on stock price, market conditions, and competing uses of capital, meaning the $1.0 billion authorization does not guarantee any specific amount will be spent.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify