US Stock Market Move | US tech company NetApp (NTAP.US) surged over 28% as fourth-quarter performance exceeded expectations.

On Friday, American cloud storage company NetApp (NTAP.US) surged by over 28%, reaching $182.65. The financial report for the fourth quarter of fiscal year 2026 showed that the company achieved a revenue of $1.948 billion, a 12% year-on-year increase, exceeding market expectations of $1.85 billion. Adjusted earnings per share reached $2.43, a significant 11% year-on-year increase, higher than the market expectation of $2.27. The financial report revealed that the company's strong performance growth was mainly driven by accelerated growth in its all-flash array business and high-performance storage business in the public cloud sector, with the former's revenue increasing by 18% year-on-year to $1.22 billion, and the latter's revenue increasing by 11% year-on-year to $182 million. Looking ahead, the company expects first-quarter revenue for fiscal year 2027 to be in the range of $1.75 billion to $1.9 billion; adjusted earnings per share under NON-GAAP guidelines to be in the range of $2.05 to $2.15. In terms of full-year performance guidance, the company anticipates revenue to be in the range of $7.325 billion to $7.575 billion, and adjusted earnings per share under NON-GAAP guidelines to be in the range of $8.70 to $9.00.