NetApp (NTAP)

Nasdaq Information Technology Technology Hardware, Storage & Peripherals S&P 500

$169.19

-0.19 (-0.11%)

Close of Nov 06, 2026 · end-of-day data

Source: NetApp's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$5.49B	$5.92B	$6.15B	$5.41B	$5.74B	$6.32B	$6.36B	$6.27B	$6.57B	$6.92B
Cost of revenue	$2.13B	$2.21B	$2.20B	$1.79B	$1.93B	$2.10B	$2.15B	$1.83B	$1.96B	$2.03B
Gross profit	$3.36B	$3.71B	$3.94B	$3.62B	$3.81B	$4.22B	$4.21B	$4.43B	$4.61B	$4.90B
Research & development	$779.00M	$783.00M	$827.00M	$847.00M	$881.00M	$881.00M	$956.00M	$1.03B	$1.01B	$991.00M
Operating income	$621.00M	$1.16B	$1.22B	$945.00M	$1.03B	$1.16B	$1.02B	$1.21B	$1.34B	$1.67B
Interest expense	$52.00M	$62.00M	$58.00M	$55.00M	$74.00M	$73.00M	$67.00M	$64.00M	$64.00M	$109.00M
Pre-tax income	$621.00M	$1.20B	$1.27B	$944.00M	$962.00M	$1.09B	$1.07B	$1.26B	$1.38B	$1.65B
Income tax	$140.00M	$1.08B	$99.00M	$125.00M	$232.00M	$158.00M	-$208.00M	$277.00M	$197.00M	$372.00M
Net income	$481.00M	$116.00M	$1.17B	$819.00M	$730.00M	$937.00M	$1.27B	$986.00M	$1.19B	$1.28B
EBITDA	$799.00M	$1.30B	$1.37B	$1.10B	$1.19B	$1.30B	$1.20B	$1.41B	$1.53B	$1.85B
EPS (basic)	$1.75	$0.43	$4.60	$3.56	$3.29	$4.20	$5.87	$4.74	$5.81	$6.41
EPS (diluted)	$1.71	$0.42	$4.51	$3.52	$3.23	$4.09	$5.79	$4.63	$5.67	$6.35
Diluted shares	281.00M	276.00M	259.00M	233.00M	226.00M	229.00M	220.00M	213.00M	209.00M	201.00M
Gross margin	61.3%	62.7%	64.2%	66.9%	66.4%	66.8%	66.2%	70.7%	70.2%	70.7%
Operating margin	11.3%	19.6%	19.9%	17.5%	17.9%	18.3%	16.0%	19.4%	20.3%	24.2%
Net margin	8.8%	2.0%	19.0%	15.1%	12.7%	14.8%	20.0%	15.7%	18.0%	18.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$2.44B	$2.94B	$2.33B	$2.66B	$4.53B	$4.11B	$2.32B	$1.90B	$2.74B	$2.07B
Short-term investments	$2.48B	$2.45B	$1.57B	$224.00M	$67.00M	$22.00M	$754.00M	$1.35B	$1.10B	$1.51B
Receivables	$731.00M	$1.05B	$1.22B	$973.00M	$945.00M	$1.23B	$987.00M	$1.01B	$1.25B	$1.29B
Inventory	$163.00M	$122.00M	$131.00M	$145.00M	$114.00M	$204.00M	$167.00M	$186.00M	$186.00M	$198.00M
Total current assets	$6.20B	$6.95B	$5.61B	$4.27B	$6.00B	$5.95B	$4.68B	$4.90B	$5.85B	$5.78B
Goodwill	$1.68B	$1.74B	$1.74B	$1.78B	$2.04B	$2.35B	$2.76B	$2.76B	$2.72B	$2.77B
Total assets	$9.49B	$9.99B	$8.74B	$7.52B	$9.36B	$10.03B	$9.82B	$9.89B	$10.82B	$10.74B
Total current liabilities	$4.12B	$3.53B	$3.87B	$3.62B	$3.45B	$3.95B	$3.47B	$4.11B	$4.66B	$4.02B
Short-term debt	$749.00M	$0	$400.00M	$0	$0	$250.00M	$0	$400.00M	$750.00M	$0
Long-term debt	$744.00M	$1.54B	$1.14B	$1.15B	$2.63B	$2.39B	$2.39B	$1.99B	$2.48B	$2.49B
Total debt	$1.49B	$1.54B	$1.54B	$1.15B	$2.63B	$2.64B	$2.39B	$2.39B	$3.23B	$2.49B
Total liabilities	$6.71B	$7.71B	$7.65B	$7.28B	$8.68B	$9.19B	$8.66B	$8.74B	$9.78B	$9.39B
Shareholders' equity	$2.95B	$2.28B	$1.09B	$242.00M	$685.00M	$838.00M	$1.16B	$1.15B	$1.04B	$1.35B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$986.00M	$1.48B	$1.34B	$1.06B	$1.33B	$1.21B	$1.11B	$1.69B	$1.51B	$2.07B
Capital expenditures	$175.00M	$145.00M	$173.00M	$124.00M	$162.00M	$226.00M	$239.00M	$155.00M	$168.00M	$198.00M
Free cash flow	$811.00M	$1.33B	$1.17B	$936.00M	$1.17B	$985.00M	$868.00M	$1.53B	$1.34B	$1.87B
Investing cash flow	-$223.00M	-$21.00M	$704.00M	$1.27B	$21.00M	-$561.00M	-$1.39B	-$735.00M	$147.00M	-$595.00M
Financing cash flow	-$1.18B	-$986.00M	-$2.63B	-$1.96B	$444.00M	-$1.02B	-$1.51B	-$1.34B	-$828.00M	-$2.15B
Dividends paid	$208.00M	$214.00M	$403.00M	$439.00M	$427.00M	$446.00M	$432.00M	$416.00M	$424.00M	$413.00M
Share buybacks	$705.00M	$794.00M	$2.11B	$1.41B	$125.00M	$600.00M	$850.00M	$900.00M	$1.15B	$950.00M
Stock-based compensation	$195.00M	$161.00M	$158.00M	$153.00M	$197.00M	$245.00M	$312.00M	$357.00M	$386.00M	$382.00M
Depreciation & amortization	$178.00M	$145.00M	$150.00M	$154.00M	$158.00M	$148.00M	$181.00M	$198.00M	$196.00M	$179.00M

Income statement

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Revenue	$1.56B	$1.61B	$1.67B	$1.54B	$1.66B	$1.64B	$1.73B	$1.56B	$1.71B	$1.71B	$1.95B	$2.02B
Cost of revenue	$452.00M	$455.00M	$492.00M	$443.00M	$481.00M	$496.00M	$539.00M	$461.00M	$478.00M	$504.00M	$583.00M	$606.00M
Gross profit	$1.11B	$1.15B	$1.18B	$1.10B	$1.18B	$1.15B	$1.19B	$1.10B	$1.23B	$1.21B	$1.36B	$1.42B
Research & development	$262.00M	$249.00M	$271.00M	$252.00M	$257.00M	$247.00M	$256.00M	$242.00M	$251.00M	$237.00M	$261.00M	$274.00M
Operating income	$304.00M	$366.00M	$366.00M	$282.00M	$345.00M	$362.00M	$348.00M	$309.00M	$399.00M	$434.00M	$532.00M	$484.00M
Interest expense	$15.00M	$17.00M	$16.00M	$16.00M	$15.00M	$12.00M	$21.00M	$29.00M	$26.00M	$26.00M	$28.00M	—
Pre-tax income	$315.00M	$382.00M	$380.00M	$299.00M	$360.00M	$370.00M	$354.00M	$304.00M	$393.00M	$433.00M	$518.00M	$484.00M
Income tax	$82.00M	$69.00M	$89.00M	$51.00M	$61.00M	$71.00M	$14.00M	$71.00M	$88.00M	$99.00M	$114.00M	$109.00M
Net income	$233.00M	$313.00M	$291.00M	$248.00M	$299.00M	$299.00M	$340.00M	$233.00M	$305.00M	$334.00M	$404.00M	$375.00M
EBITDA	$368.00M	$429.00M	$430.00M	$345.00M	$408.00M	$426.00M	$401.00M	$360.00M	$451.00M	$482.00M	$581.00M	$517.00M
EPS (basic)	$1.12	$1.52	$1.41	$1.20	$1.47	$1.47	$1.68	$1.16	$1.53	$1.69	$2.03	$1.91
EPS (diluted)	$1.10	$1.48	$1.37	$1.17	$1.42	$1.44	$1.64	$1.15	$1.51	$1.67	$2.03	$1.88
Diluted shares	211.00M	211.00M	0	212.00M	210.00M	208.00M	-1.00M	203.00M	202.00M	200.00M	-1.00M	200.00M
Gross margin	71.1%	71.7%	70.5%	71.3%	71.0%	69.8%	68.9%	70.4%	72.0%	70.6%	70.1%	70.1%
Operating margin	19.5%	22.8%	21.9%	18.3%	20.8%	22.1%	20.1%	19.8%	23.4%	25.3%	27.3%	23.9%
Net margin	14.9%	19.5%	17.4%	16.1%	18.0%	18.2%	19.6%	14.9%	17.9%	19.5%	20.7%	18.5%

Balance sheet

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Cash & equivalents	$1.93B	$1.82B	$1.90B	$1.65B	$1.48B	$1.51B	$2.74B	$2.08B	$2.07B	$1.63B	$2.07B	$1.57B
Short-term investments	$686.00M	$1.10B	$1.35B	$1.36B	$744.00M	$750.00M	$1.10B	$1.24B	$942.00M	$1.38B	$1.51B	$2.00B
Receivables	$787.00M	$787.00M	$1.01B	$679.00M	$873.00M	$898.00M	$1.25B	$787.00M	$988.00M	$1.31B	$1.29B	$966.00M
Inventory	$122.00M	$131.00M	$186.00M	$214.00M	$317.00M	$268.00M	$186.00M	$133.00M	$127.00M	$109.00M	$198.00M	$375.00M
Total current assets	$3.99B	$4.33B	$4.90B	$4.32B	$3.94B	$3.91B	$5.85B	$4.69B	$4.65B	$5.00B	$5.78B	$5.67B
Goodwill	$2.76B	$2.76B	$2.76B	$2.76B	$2.76B	$2.72B	$2.72B	$2.73B	$2.73B	$2.76B	$2.77B	$2.92B
Total assets	$9.07B	$9.37B	$9.89B	$9.31B	$9.00B	$8.99B	$10.82B	$9.68B	$9.63B	$9.97B	$10.74B	$10.96B
Total current liabilities	$3.73B	$3.77B	$4.11B	$4.51B	$4.32B	$4.20B	$4.66B	$3.57B	$3.47B	$3.59B	$4.02B	$4.57B
Short-term debt	$400.00M	$400.00M	$400.00M	$1.15B	$749.00M	$750.00M	$750.00M	$0	$0	$0	$0	$550.00M
Long-term debt	$1.99B	$1.99B	$1.99B	$1.24B	$1.24B	$1.24B	$2.48B	$2.48B	$2.49B	$2.49B	$2.49B	$1.94B
Total debt	$2.39B	$2.39B	$2.39B	$2.39B	$1.99B	$1.99B	$3.23B	$2.48B	$2.49B	$2.49B	$2.49B	$2.49B
Total liabilities	$8.30B	$8.38B	$8.74B	$8.38B	$8.11B	$7.99B	$9.78B	$8.70B	$8.64B	$8.81B	$9.39B	$9.46B
Shareholders' equity	$770.00M	$994.00M	$1.15B	$929.00M	$892.00M	$995.00M	$1.04B	$975.00M	$986.00M	$1.16B	$1.35B	$1.50B

Cash flow

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Operating cash flow	$135.00M	$484.00M	$613.00M	$341.00M	$105.00M	$385.00M	$675.00M	$673.00M	$127.00M	$317.00M	$950.00M	$503.00M
Capital expenditures	$38.00M	$36.00M	$46.00M	$41.00M	$45.00M	$47.00M	$35.00M	$53.00M	$49.00M	$46.00M	$50.00M	$102.00M
Free cash flow	$97.00M	$448.00M	$567.00M	$300.00M	$60.00M	$338.00M	$640.00M	$620.00M	$78.00M	$271.00M	$900.00M	$401.00M
Investing cash flow	$227.00M	-$437.00M	-$297.00M	-$51.00M	$564.00M	-$53.00M	-$313.00M	-$181.00M	$249.00M	-$483.00M	-$180.00M	-$674.00M
Financing cash flow	-$421.00M	-$178.00M	-$224.00M	-$548.00M	-$842.00M	-$289.00M	$851.00M	-$1.16B	-$383.00M	-$279.00M	-$328.00M	-$319.00M
Dividends paid	$103.00M	$103.00M	$104.00M	$107.00M	$106.00M	$106.00M	$105.00M	$104.00M	$103.00M	$103.00M	$103.00M	$102.00M
Share buybacks	$300.00M	$100.00M	$100.00M	$400.00M	$300.00M	$200.00M	$300.00M	$300.00M	$250.00M	$200.00M	$200.00M	$200.00M
Stock-based compensation	$93.00M	$89.00M	$88.00M	$85.00M	$103.00M	$103.00M	$95.00M	$83.00M	$102.00M	$97.00M	$100.00M	$98.00M
Depreciation & amortization	$64.00M	$63.00M	$64.00M	$63.00M	$63.00M	$64.00M	$53.00M	$51.00M	$52.00M	$48.00M	$49.00M	$33.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.