ReutersReuters

NetApp falls on weaker-than-expected FY26 forecast

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** Data storage company NetApp NTAP shares fall 7% to $104.32 in extended trading

** Company expects FY26 revenue to be between $6.63 bln and $6.88 bln, the midpoint of which ($6.755 billion) is below analysts average estimates of $6,769 billion

** Expects adj. profit for FY26 to be between $7.60 and $7.90 per share, in-line with analysts' estimates

** Reports Q1 adj. profit of $1.55/shr vs estimates of $1.54/shr

** Q1 revenue at $1.56 bln beats estimates of $1.55 bln

** YTD, NTAP down 3.4%

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