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SAN JOSE, Calif. - NetApp (NASDAQ:NTAP), a prominent player in the Technology Hardware industry with an $18.7 billion market capitalization and impressive 70% gross margins, has announced the validation of its high-performance enterprise storage systems with NetApp ONTAP for AI training and inferencing environments. According to InvestingPro analysis, the company has maintained strong financial performance with annual revenue reaching $6.5 billion. This collaboration with NVIDIA provides customers with validated configurations and architectures, including NVIDIA DGX SuperPOD, NVIDIA Cloud Partners, and NVIDIA-Certified Storage, integrated with NetApp ONTAP’s data management services.
The partnership aims to advance storage infrastructure with AI agents for reasoning model inference workloads, utilizing NVIDIA’s accelerated computing, networking, and software. Jonsi Stefansson, NetApp’s Senior Vice President and Chief Technology Officer, emphasized the commitment to helping customers harness AI for innovation and operational excellence without data silos.
Charlie Boyle, Vice President of DGX Platforms at NVIDIA, highlighted the integration of NetApp’s data management capabilities with the NVIDIA AI Data Platform and DGX SuperPOD, facilitating a high-performance environment for AI model training and inferencing.
NetApp’s latest updates and certifications were announced at NVIDIA GTC 2025, including:
- NetApp AFF A90’s validation for NVIDIA DGX SuperPOD, offering secure storage for AI factory development and operation.
- Certification of NetApp AFF A90 as high-performance storage for NVIDIA Cloud Partners with NVIDIA HGX Systems, supporting AI-as-a-service providers.
- NetApp AIPod’s certification under the new NVIDIA-Certified Storage program, ensuring enterprise-grade storage for a range of AI workloads on NVIDIA-Certified Systems.
These developments are designed to provide the high-performance storage necessary for companies to accelerate AI workloads, leveraging NetApp ONTAP’s scale-out and data unification capabilities. Currently trading near its 52-week low of $89.88, NetApp’s stock shows potential upside according to InvestingPro’s Fair Value analysis, which suggests the company is slightly undervalued in the current market.
For more details on how NetApp facilitates AI innovation with NVIDIA, interested parties can visit the NetApp booth #318 at NVIDIA GTC in San Jose, which took place from March 17-21, 2025.
This report is based on a press release statement from NetApp.
In other recent news, NetApp announced its fiscal third-quarter 2025 earnings, revealing a mixed financial performance. The company reported earnings per share (EPS) of $1.91, slightly surpassing the forecast of $1.90, yet its revenue of $1.64 billion fell short of the expected $1.69 billion. Despite the revenue miss, NetApp’s public cloud revenue saw a 15% year-over-year increase, and its storage-as-a-service platform, Keystone, demonstrated significant growth of nearly 60%. Meanwhile, the company has priced $1.25 billion in senior notes, with plans to allocate part of the proceeds to repay $750 million of senior notes due in 2025. Analyst firms have adjusted their price targets for NetApp, with Loop Capital lowering its target from $150 to $130 while maintaining a Buy rating, and Citi reducing its target from $135 to $110 with a Neutral rating. These adjustments reflect concerns over delayed deals and foreign exchange headwinds impacting NetApp’s revenue. The company remains optimistic about its long-term outlook, emphasizing its strength in all-flash storage and AI infrastructure.
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