What move does the options market price into NetApp's report?

Implied ±10.0%, either direction.

How often does NetApp move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

NTAPNasdaqComputer Storage Devices

NetApp, Inc. (NTAP) earnings date, market-implied expected move, and options open interest by expiry

190.53

−0.25 · −0.13%

post 188.78 −0.92%

After hours15:59 ETdelayed

Open191.54Volume1.4MMkt cap$37.5BP/E28.78EPS6.56Div yield1.09%

Day186.05 – 194.4832%52-wk92.72 – 240.8765%

NTAP

NetApp, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.0%implied · report alone

8Q avg ±6.3%·×1.58·rich

168.88206.46

straddle ±15.4%

spot 187.67exp Dec 18ATM strike 190ATM straddle 34.05IV 65%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Nov 24

after close · in 20 days

est.Q2 FY27

Calendar

Next report

Last report

+2.55%

vs ±11.1% implied · ×0.23

shaded = implied · ▲▼ = realized

Sep 2 '26 · confirmed

Implied vs realized

Linked news

20dTDC · customerTeradata Announces 2026 Third Quarter Earnings Release Date

News

Largest filed tie

13F top-10 QoQ

−2.66%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

971 managers

Top fund weight

0.57%

NTAP weight · IGPT

N-PORTJul 31 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

NetApp (NTAP) is expected to report on Nov 24 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±8.0%
avg realized: ±6.3%

Nov 21 '24Nov 21 '24confirmed±8.2%▼−3.43%×0.42

Feb 27 '25Feb 27 '25confirmed±5.4%▼−15.57%×2.89

May 29 '25May 29 '25confirmed±6.5%▼−0.05%×0.01

Aug 27 '25Aug 27 '25confirmed±6.7%▲+4.54%×0.68

Q2 FY25Nov 25 '25confirmed±6.1%▼−2.00%×0.33

Q3 FY26Feb 26 '26confirmed±9.1%▼−0.11%×0.01

May 28 '26May 28 '26confirmed±10.5%▲+22.39%×2.14

Q1 FY26Sep 2 '26confirmed±11.1%▲+2.55%×0.23

quarterimplied−25%0+25%realized×

Q1 FY26±11.1%▲+2.55%×0.23

May '26±10.5%▲+22.39%×2.14

Q3 FY26±9.1%▼−0.11%×0.01

Q2 FY25±6.1%▼−2.00%×0.33

Aug '25±6.7%▲+4.54%×0.68

May '25±6.5%▼−0.05%×0.01

2 older reports

Feb '25±5.4%▼−15.57%×2.89

Nov '24±8.2%▼−3.43%×0.42

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.81OI · 4 expiries · Oct 30 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4,516+8%Nov 2016d0.666,890+3%0.66

report · Nov 24 · after close · est.

4,957+2%Dec 1844d6,105−11%

6,629+3%Jan 1572d1.175,686+1%1.17

1,4040%Mar 19135d0.423,328+1%0.42

ExpiryPutsCallsP/C

Nov 2016d4,516+8%6,890+3%0.66

report · Nov 24 · after close · est.

Dec 1844d4,957+2%6,105−11%0.81

Jan 1572d6,629+3%5,686+1%1.17

Mar 19135d1,4040%3,328+1%0.42

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±15.4%

Funds 4

IGPT±0.1%

RSP±0.0%

XLK±0.0%

VTV±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

19.50%as filednet margin · revenue +4.39% YoY

Revenue

$1.7B

Gross profit

$1.2B

70.58% margin

Operating income

$434M

25.34% margin

Pre-tax income

$433M

Net income

$334M

19.50% margin

Cost of revenue

$504M

Operating expenses

$775M

Marketing $455M

R&D $237M

SG&A $86M

Other expense

$1M

Tax

$99M

Revenue$1.7B

Gross profit

$1.2B

70.58% margin

Operating income

$434M

25.34% margin

Pre-tax income

$433M

Net income

$334M

19.50% margin

Cost of revenue

$504M

Operating expenses

$775M

Marketing $455M

R&D $237M

SG&A $86M

Other expense

$1M

Tax$99M

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jan 23 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 15:45 ET

Intraday

Event sensitivity

CPI ×1.73· ±2.7% vs ±1.5% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±2.7%7 of 10×1.73

NFPjobs report±2.1%4 of 10×1.37

PCEpersonal income & outlays±2.1%10 of 19×1.37

CPROFcorporate profits±1.7%4 of 12×1.13

GDPgross domestic product±1.7%10 of 19×1.11

PPIproducer prices±1.5%4 of 10×1.00

FOMCrate decision±1.3%14 of 24×0.85

Bar = avg |move| to ±3% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 1.67 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Feb 26 '26 · confirmed	1.67	—
Q1 FY26	Sep 2 '26 · confirmed	1.88	—
Q2 FY25	Nov 25 '25 · confirmed	1.51	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod