NetApp (NTAP) earnings beat on the top and bottom lines and lifted its outlook. Despite the strong results, the data storage company's stock is under pressure, a reversal from shares' immediate reaction to the earnings report.

Shares of NetApp Inc. ($NTAP) were up nearly 2% on Thursday morning ahead of the intelligent data infrastructure provider’s second-quarter earnings release, but retail sentiment dipped. Wall Street analysts expect the San Jose-based NetApp to report earnings per share (EPS) of $1.

NetApp's Q1 earnings show evolution to intelligent data infrastructure, with solid profitability but lagging revenue growth. Read more on NTAP stock here.

NetApp, Inc. NTAP reported second-quarter fiscal 2025 non-GAAP earnings of $1.87 per share, which beat the Zacks Consensus Estimate by 4.5% and jumped 18.4% year over year. The bottom line also surpassed the company’s guided range of $1.