What Analyst Projections for Key Metrics Reveal About NetApp (NTAP) Q1 Earnings

Wall Street analysts project NetApp will report Q1 earnings of $2.13 per share (up 37.4% YoY) with revenues reaching $1.84 billion (up 18.2% YoY). The consensus EPS estimate has been revised upward by 1.3% over the past 30 days. Key metrics show strong growth across services, public cloud, and hybrid cloud segments, though product gross margins are expected to decline slightly. NetApp carries a Zacks Rank #2 (Buy) rating and has outperformed the S&P 500 by 5.3% over the past month.