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Sentiment · FY2026 Q4
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We have customers like NetApp, you know, who analyze what a 90,000 contract this way and solve thousands of hours in outside legal spend.”
NetApp is highlighted as a customer using Workday's contract-intelligence AI to process roughly 90,000 contracts and cut thousands of hours of outside legal spend, another data point on enterprise AI-driven cost reduction.
“Working with NVIDIA, Cadence, Cloudera, Cohesity, NetApp, Nutanix, Salesforce, SAP and ServiceNow are racing to accelerate development of these applications with the potential for billions of agents to be deployed in the coming years.”
NetApp is building agentic AI co-pilots on NVIDIA's platform, part of a broad enterprise-software partner push.
“This is where F5 is deployed in front of data stores like our partner NetApp”
F5 named NetApp as a partner whose data stores it fronts for AI training and inference data delivery and security use cases.
“we announced recently also a partnership with NetApp to accelerate the joint deployment that we're doing in AI for these opportunities.”
F5 announced a partnership with NetApp to accelerate joint AI infrastructure deployments, part of F5's push into AI-driven networking use cases.
“You may have seen there's some chatter today, the company, Square is like laying off like half its workforce.”
An analyst cites Square's (Block's) large AI-driven workforce reduction as an example while asking NetApp about AI efficiency in its own development organization.
“selected Azure NetApp Files for its proven performance, ease of use and enterprise-grade reliability.”
A customer chose Azure NetApp Files (NetApp's first-party Microsoft Azure service) as the cornerstone of its cloud transformation.
“In Q3, we introduced a new capability, enabling Amazon S3 Access Points for Amazon FSx for NetApp ONTAP.”
NetApp's first-party integration with AWS (Amazon FSx for NetApp ONTAP) deepens, connecting AWS AI and analytics services to NetApp data.
“And in Amazon, FSx for NetApp ONTAP, we announced support for Amazon Elastic VMware service, enabling secure, efficient migration of VMware workloads to AWS.”
NetApp expanded its Amazon FSx for NetApp ONTAP first-party AWS service to support VMware workload migration.
“This brings the full power of ONTAP to Google Cloud with high-performance unified storage, integrated data management and protection, and a common cloud control plane.”
NetApp added block-storage support to Google Cloud NetApp Volumes, extending its first-party partnership with Google Cloud.
“We introduced new capabilities in Azure NetApp files, including single file restore and a flexible service level for independent scaling of throughput and capacity.”
NetApp expanded its first-party Azure NetApp Files service with Microsoft, part of cloud storage services growing ~32% year over year.
“We launched AFX, an ultra-scalable, extreme-performance disaggregated storage platform certified for NVIDIA SuperPOD, designed to power demanding AI workloads and AI service providers.”
NetApp's new AFX storage platform is certified for NVIDIA SuperPOD, deepening its role in NVIDIA-based enterprise AI infrastructure.
“A leading energy company migrated from its on-premises VMware environment to VMware Cloud on AWS and FSx for NetApp ONTAP.”
A customer migrated to VMware Cloud on AWS with the first-party FSx for NetApp ONTAP service, a read-through on the AWS-NetApp cloud partnership driving new customer acquisition.
“We introduced the AI part mini with Intel to address the cost and complexity of deploying AI at the department and team level.”
NetApp introduced the AIPod Mini with Intel to lower the cost and complexity of departmental AI deployments, a partner read-through on Intel silicon in NetApp AI systems.
“Additionally, we completed the NetApp reference architecture for NVIDIA cloud partners”
NetApp completed a reference architecture certified for NVIDIA cloud partners, combining ONTAP data management with NVIDIA's compute/networking platform for AI service providers, a deepening partner read-through.
“With regard to the Broadcom acquisition, sort of two or three things, right, that we see. The first one is there's a greater degree of caution about hyper-converged infrastructure, which has caused some of the hyper-converged vendors to now work with external storage providers.”
NetApp views Broadcom's acquisition and licensing changes at VMware as a competitive tailwind, pushing hyper-converged infrastructure customers toward external storage providers and prompting some to replatform onto NetApp on-premises.
“We also introduced AI reference architectures with NVIDIA for AIDT, Cisco for FlexPod, Lenovo for AIPod, and most recently, Intel for AI Pod Mini.”
NetApp introduced a named AI reference architecture with Intel (AI Pod Mini), part of a broader multi-vendor reference-architecture push in NetApp's AI ecosystem.
| Simon Leopold | Raymond James | 10 (10%) |
| Param Singh | Oppenheimer | 10 (0%) |
| Samik Chatterjee | JPMorgan | 10 (10%) |
| Wamsi Mohan | Bank of America | 9 (22%) |
| Jason Ader | William Blair | 9 (11%) |
| Ananda Baruah | Loop Capital | 9 (0%) |
| Steve Fox | Fox Advisors | 8 (13%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 2 | 12 (17%) |
| Barclays | 2 | 12 (8%) |
| JPMorgan | 2 | 12 (8%) |
| Morgan Stanley | 3 | 11 (9%) |
| UBS | 1 | 11 (0%) |
| Oppenheimer | 1 | 10 (0%) |
| Raymond James | 1 | 10 (10%) |
| TD Cowen | 1 | 10 (10%) |
NetApp delivered record operating income and EPS, with Q3 revenue of $1.71 billion up 4% year-over-year and EPS of $2.12 growing 11%. All-flash growth accelerated to 11% with record revenue, and AI deals reached 300 with the AFX product shipping for the first time. Cloud ex-Spot grew 17% with a record 85.1% gross margin. Management raised both full-year revenue and EPS guidance, with the revenue midpoint increasing to $6.847 billion and EPS to $7.97. Memory inflation continued pressuring product margins.
Cloud & AI | Demand | Revenue Growth | Competitive Dynamics | Margin | Supply Chain | Guidance Reliability | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 9 | 9 | 7 | 4 | 2 | 3 | 1 | |
| 2025Q3 | 4 | 6 | 4 | 6 | 2 | 4 | 1 | 1 |
| 2025Q4 | 11 | 9 | 10 | 7 | 5 | 2 | 5 | |
| 2026Q1 | 7 | 6 | 6 | 3 | 5 | 2 | 3 | 1 |
| 2026Q2 | 12 | 9 | 6 | 6 | 5 | 7 | 5 | 3 |
| 2026Q3 | 6 | 9 | 2 | 4 | 7 | 7 | 2 | 6 |
| 2026Q4 | 6 | 3 | 6 | 2 | 3 | 4 | 3 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 9 | 4 | 11 | 7 | 12 | 6 | 6 |
| Demand | 9 | 6 | 9 | 6 | 9 | 9 | 3 |
| Revenue Growth | 7 | 4 | 10 | 6 | 6 | 2 | 6 |
| Competitive Dynamics | 4 | 6 | 7 | 3 | 6 | 4 | 2 |
| Margin | 2 | 2 | 5 | 5 | 5 | 7 | 3 |
| Supply Chain | 3 | 4 | 2 | 2 | 7 | 7 | |
| Guidance Reliability | 1 | 5 | 3 | 5 | 2 | 4 | |
| Pricing | 1 | 1 | 1 | 3 | 6 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
NTAP NetApp | 9 | +12.5% | |
| ANET Arista Networks | 9 | +35.1% | |
| DELL Dell Technologies | 9 | +87.5% | |
| HPQ HP Inc. | 6 | +9.0% | |
| SMCI Supermicro | 7 | +122.7% | |
| STX Seagate Technology Holdings | 10 | +44.1% | |
| WDC Western Digital | 9 | +45.5% |