NTAP
NetApp, Inc.
NTAP's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over NTAP overall, supported by stronger valuation and stronger modeled upside.
NTAP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Healthy |
NTAP's revenue, profitability, cash flow and balance sheet are all currently healthy.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
NTAP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $90.96 | -51% |
| Forward | 18x | $186 | — |
| Fair | 19x | $133 | -29% |
| Expensive | 26x | $181 | -2.9% |
| Current | 26x | $186 | — |
Historical ranges are pointers, not guarantees.
NTAP's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its fair range.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA has the edge over NTAP in the historical PE scenario, which offers more potential upside but is not a forecast.
NTAP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Low |
NTAP has the edge over NVDA on the outlook, with more favorable profitability expectations.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
NTAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.17 | +44% |
| Q3 2026 | $7.08 | +25% |
| Q2 2026 | $6.35 | +12% |
| Q1 2026 | $5.97 | +11% |
| Q4 2025 | $5.74 | +5.7% |
| Q3 2025 | $5.65 | +11% |
| Q2 2025 | $5.67 | +22% |
| Q1 2025 | $5.39 | +23% |
| Q4 2024 | $5.43 | +69% |
NTAP's earnings per share have climbed steadily: $7.08 over the past year, up 25% from the year before, and higher year over year for eight quarters in a row.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over NTAP on earnings, with stronger typical year-over-year growth.
NTAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +17% |
| Q2 2026 | $1.9B | +12% |
| Q1 2026 | $1.7B | +4.4% |
| Q4 2025 | $1.7B | +2.8% |
| Q3 2025 | $1.6B | +1.2% |
| Q2 2025 | $1.7B | +3.8% |
| Q1 2025 | $1.6B | +2.2% |
| Q4 2024 | $1.7B | +6.1% |
NTAP's revenue has grown year over year for 11 quarters in a row: $1.8B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +6.8 points |
| Q2 2026 | 27% | +7.2 points |
| Q1 2026 | 25% | +3.3 points |
| Q4 2025 | 23% | +2.6 points |
| Q3 2025 | 20% | +1.5 points |
| Q2 2025 | 20% | -1.9 points |
| Q1 2025 | 22% | -0.7 points |
| Q4 2024 | 21% | +1.3 points |
NTAP's operating margin was 27% last quarter, up 6.8 points from the same quarter a year ago.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over NTAP on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over NTAP on profitability, with a higher operating margin.
NTAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $401M | -35% |
| Q2 2026 | $900M | +41% |
| Q1 2026 | $271M | -20% |
| Q4 2025 | $78M | +30% |
| Q3 2025 | $620M | +107% |
| Q2 2025 | $640M | +13% |
| Q1 2025 | $338M | -25% |
| Q4 2024 | $60M | -38% |
NTAP generated $1.6B in free cash flow over the past year, about the same as the year before.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over NTAP on cash flow, with more consistent year-over-year improvement.
NTAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -1M shares |
| 1 year | -1.5% | -3M shares |
| 3 years | -7.4% | -16M shares |
| 5 years | -13% | -29M shares |
| Available history | -15% | -36M shares |
NTAP has the edge over NVDA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $200M |
| Q2 2026 | $200M |
| Q1 2026 | $200M |
| Q4 2025 | $250M |
| Q3 2025 | $300M |
| Q2 2025 | $250M |
| Q1 2025 | $200M |
| Q4 2024 | $300M |
NTAP spent $850M buying back its own shares over the past year, down 19% from the year before.
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has 24.3B diluted shares, down 1% from a year ago, with $55.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
NTAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.3x | Very low |
NTAP's net debt is less than a year of its operating earnings (EBITDA).
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA has the edge over NTAP on leverage, with a lower net debt burden relative to earnings.
NTAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 29.8 | Neutral |
NTAP's weekly RSI is 52 (neutral) and its Stochastic is 30 (neutral).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
NTAP PE vs Technology Sector
| Metric | NTAP | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 28x | 5.7% below |
| PE % | 86 | 35 | 51 pts above |
NTAP is trading at 26x earnings, in line with the Technology sector's median of 28x.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA has the edge over NTAP on valuation relative to its sector.
NTAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $204.8 | 9.1% below |
| 20 week MA | $191.5 | 2.8% below |
| 50 week MA | $146.4 | 27% above |
| 100 week MA | $127.0 | 46% above |
| 200 week MA | $110.0 | 69% above |
NTAP has the edge over NVDA on trend strength, trading above more of its moving averages.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has fallen below most of its moving averages, though it's still 34% above its 200-week average.
NTAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.4 | $65.8 | +7.1% |
| 2021 | $65.8 | $90.6 | +38% |
| 2022 | $90.6 | $59.0 | -35% |
| 2023 | $59.0 | $88.2 | +49% |
| 2024 | $88.2 | $117.0 | +33% |
| 2025 | $117.0 | $110.5 | -5.5% |
| 2026 YTD | $110.5 | $186.1 | +68% |
NTAP has the edge over NVDA on returns for 2026, with the stronger performance.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA's yearly returns have swung widely, from +226% in 2023 to −49% in 2022. It's down 13% so far in 2026.