5 Stocks With Explosive Returns

3. NetApp Inc. (NASDAQ:NTAP)

NetApp climbed to a fresh all-time high on Friday, as investors took heart from its strong earnings performance in the fourth quarter of fiscal year 2026, supported by the rapidly growing AI.

In intra-day trading, the stock surged to its highest price of $192.83 before paring gains to finish the day just up by 22.39 percent at $174.29 apiece.

In a statement, NetApp Inc. (NASDAQ:NTAP) said that it was able to grow its net income by 19 percent to $404 million from $340 million in the same period last year, while net revenues increased by 12.47 percent to $1.948 billion from $1.732 billion year-on-year.

For the full fiscal year, net income grew by 8 percent to $1.276 billion from $1.186 billion, while net revenues inched up by 5 percent to $6.925 billion from $6.572 billion year-on-year.

“Fiscal year 2026 was a landmark year for NetApp with record results across revenue, gross profit, operating income, cash flow from operations, and free cash flow. Our industry-leading hybrid cloud, intelligent data infrastructure platform, trusted by the world’s leading organizations, is powering customers’ AI driven transformations, delivering secure, high-performance access to data wherever it resides,” NetApp Inc. (NASDAQ:NTAP) CEO George Kurian said.

“We achieved our target operating margin while launching next-generation AI solutions and expanding strategic partnerships. As enterprises scale their AI ambitions, NetApp’s unified data platform and flexible offerings position us for sustained growth,” he noted.