NetApp (NTAP Quick QuoteNTAP - Free Report) reported $1.71 billion in revenue for the quarter ended January 2026, representing a year-over-year increase of 4.4%. EPS of $2.12 for the same period compares to $1.91 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.69 billion, representing a surprise of +1.6%. The company delivered an EPS surprise of +2.52%, with the consensus EPS estimate being $2.07.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how NetApp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Gross margin - Product - Non-GAAP: 55.3% versus the eight-analyst average estimate of 59.6%.
• Gross margin - Services - Non-GAAP: 84.6% versus 84% estimated by seven analysts on average.
• Total Revenue - % Change: 4% compared to the 3% average estimate based on six analysts.
• Net revenues- Services: $927 million versus the eight-analyst average estimate of $911.53 million. The reported number represents a year-over-year change of +5%.
• Net revenues- Product: $786 million versus the eight-analyst average estimate of $772.67 million. The reported number represents a year-over-year change of +3.7%.
• Net revenues- Public Cloud: $174 million versus the six-analyst average estimate of $178.74 million. The reported number represents a year-over-year change of 0%.
• Net revenues- Hybrid Cloud: $1.54 billion compared to the $1.5 billion average estimate based on five analysts. The reported number represents a change of +4.9% year over year.
• Net revenues- Professional and Other Services: $99 million compared to the $98.02 million average estimate based on five analysts. The reported number represents a change of +12.5% year over year.
• Net revenues- Support: $654 million versus the five-analyst average estimate of $633.83 million. The reported number represents a year-over-year change of +5.3%.
• Gross Profit- Products: $435 million versus the eight-analyst average estimate of $465.25 million.
• Gross Profit- Public Cloud: $148 million versus $150.94 million estimated by four analysts on average.
• Gross Profit- Professional and Other Services: $31 million compared to the $30.02 million average estimate based on four analysts.

View all Key Company Metrics for NetApp here>>>

Shares of NetApp have returned +2.6% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.