NetApp rises as quarterly results beat estimates

Shares of data storage company NetApp NTAP.O up 4.6% at $116.60 after the bell

NTAP posts adjusted Q2 profit of $2.05 per share, vs analysts' average estimates of $1.89, according to LSEG data, as it benefited from strong demand for high-capacity data storage

Revenue for the quarter was $1.71 billion, beating estimates of $1.69 billion,

Raises its 2026 adjusted profit per share forecast to be between $7.75 and $8.05, compared to a prior view of $7.60 to $7.90

For the third quarter, NetApp expects revenue between $1.62 billion and $1.77 billion, compared with estimates of $1.71 billion

Stock down 3.9% YTD