NetApp, Inc. 8-K

What Happened

• On May 28, 2026 NetApp, Inc. announced its financial results for the fourth quarter and fiscal year ended April 24, 2026 via a press release furnished as Exhibit 99.1 to an 8-K. The release references non-GAAP measures and includes a reconciliation to GAAP figures.
• Separately, on May 21, 2026 NetApp’s Board authorized an additional share repurchase program of up to $1.0 billion with no expiration date.

Key Details

• Filing date: May 28, 2026; fiscal period covered: quarter and year ended April 24, 2026.
• Press release furnished as Exhibit 99.1 contains both reported results and reconciliations of non‑GAAP measures to GAAP.
• Board authorization (May 21, 2026) for up to $1.0 billion in common stock repurchases; no set expiration.
• Repurchases may be executed via open market purchases (Rule 10b‑18), Rule 10b5‑1 plans, accelerated or block purchases, privately negotiated transactions, or similar methods; company may suspend or discontinue repurchases at any time.

Why It Matters

• The earnings release provides the latest operating and financial results investors use to assess NetApp’s performance and guidance; the inclusion of non‑GAAP measures with reconciliations helps investors compare adjusted results to GAAP.
• The $1.0 billion buyback authorization signals the Board’s intent to return capital to shareholders and can affect shares outstanding and EPS over time, though actual repurchases depend on market conditions and management decisions.