NetApp: Demand for AI and Cloud Services Support Financial Results - Stock Surge Preparing for All-Time High

-NetApp exceeded expectations in the 4th quarter of fiscal year 2026 with a revenue of $1.95 billion (+12%) and an adjusted earnings of $2.43 per share. -The growth is primarily supported by high demand for storage infrastructure for AI projects, all-flash systems, and cloud services (Storage-as-a-Service grew by 65%). -There is an expanded share buyback program of $1.0 billion. Solid quarterly figures exceed expectations On May 28, NetApp (NTAP) presented its results for the 4th quarter of fiscal year 2026. Revenue rose by 12% year-over-year...