NetApp, Inc. (NTAP)NTAPNetApp, Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Apr 2026	Quarter ended Jan 2026	Quarter ended Oct 2025	Quarter ended Jul 2025	Quarter ended Apr 2025	Quarter ended Jan 2025	Quarter ended Oct 2024	Quarter ended Jul 2024
Revenue	6.92B	1.95B	1.71B	1.71B	1.56B	1.73B	1.64B	1.66B	1.54B
Cost of Goods Sold	2.03B	583.00M	504.00M	478.00M	461.00M	539.00M	496.00M	481.00M	443.00M
Gross Profit	4.90B	1.36B	1.21B	1.23B	1.10B	1.19B	1.15B	1.18B	1.10B
Gross Profit Margin	70.7%	70.1%	70.6%	72.0%	70.4%	68.9%	69.8%	71.0%	71.3%
Total Operating Expenses	3.23B	833.00M	778.00M	828.00M	789.00M	845.00M	783.00M	832.00M	816.00M
Research & Development	991.00M	261.00M	237.00M	251.00M	242.00M	256.00M	247.00M	257.00M	252.00M
Selling, General & Administrative	2.21B	573.00M	541.00M	554.00M	545.00M	543.00M	525.00M	562.00M	546.00M
Operating Income (EBIT)	1.67B	531.00M	431.00M	399.00M	309.00M	348.00M	362.00M	345.00M	282.00M
Operating Margin	24.1%	27.3%	25.2%	23.4%	19.8%	20.1%	22.1%	20.8%	18.3%
Income Before Tax (EBT)	1.65B	518.00M	433.00M	393.00M	304.00M	354.00M	370.00M	360.00M	299.00M
Interest Income	113.00M	25.00M	25.00M	27.00M	36.00M	29.00M	20.00M	27.00M	36.00M
Interest Expense	109.00M	28.00M	26.00M	26.00M	29.00M	21.00M	12.00M	15.00M	16.00M
Other Income/Expense	-22.00M	-13.00M	2.00M	-6.00M	-5.00M	6.00M	8.00M	15.00M	17.00M
Net Income	1.28B	404.00M	334.00M	305.00M	233.00M	340.00M	299.00M	299.00M	248.00M
Income Tax Expense	372.00M	114.00M	99.00M	88.00M	71.00M	14.00M	71.00M	61.00M	51.00M
Net Profit Margin	18.4%	20.7%	19.5%	17.9%	14.9%	19.6%	18.2%	18.0%	16.1%
EBITDA	1.87B	580.00M	479.00M	451.00M	360.00M	401.00M	426.00M	408.00M	345.00M
EBITDA Margin	27.0%	29.8%	28.0%	26.5%	23.1%	23.2%	26.0%	24.6%	22.4%
Depreciation & Amortization	200.00M	49.00M	48.00M	52.00M	51.00M	53.00M	64.00M	63.00M	63.00M
EPS Basic	6.43	2.05	1.69	1.53	1.16	1.67	1.47	1.47	1.20
EPS Diluted	6.36	2.03	1.67	1.51	1.15	1.65	1.44	1.42	1.17
Shares Outstanding	197.00M	197.00M	198.00M	199.00M	201.00M	203.00M	204.00M	204.00M	206.00M
Diluted Shares Outstanding	199.00M	199.00M	200.00M	202.00M	203.00M	206.00M	208.00M	210.00M	212.00M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	04/24/2026	04/30/2025	04/30/2024	04/30/2023	04/30/2022	04/30/2021	04/30/2020	04/30/2019
Revenue	6.92B	6.57B	6.27B	6.36B	6.32B	5.74B	5.41B	6.15B
Cost of Goods Sold	2.03B	1.96B	1.83B	2.15B	2.10B	1.93B	1.79B	2.20B
Gross Profit	4.90B	4.61B	4.43B	4.21B	4.22B	3.81B	3.62B	3.94B
Gross Profit Margin	70.7%	70.2%	70.7%	66.2%	66.8%	66.4%	66.9%	64.2%
Total Operating Expenses	3.23B	3.28B	3.22B	3.19B	3.06B	2.78B	2.68B	2.72B
Research & Development	991.00M	1.01B	1.03B	956.00M	881.00M	881.00M	847.00M	827.00M
Selling, General & Administrative	2.21B	2.18B	2.14B	2.09B	2.14B	2.00B	1.85B	1.94B
Operating Income (EBIT)	1.70B	1.34B	1.21B	1.02B	1.16B	1.03B	945.00M	1.22B
Operating Margin	24.5%	20.3%	19.4%	16.0%	18.3%	17.9%	17.5%	19.9%
Income Before Tax (EBT)	1.65B	1.38B	1.26B	1.07B	1.09B	962.00M	944.00M	1.27B
Interest Income	88.00M	112.00M	112.00M	69.00M	7.00M	9.00M	48.00M	88.00M
Interest Expense	81.00M	64.00M	64.00M	67.00M	73.00M	74.00M	55.00M	58.00M
Other Income/Expense	-47.00M	46.00M	49.00M	48.00M	-62.00M	-69.00M	-1.00M	47.00M
Net Income	1.28B	1.19B	986.00M	1.27B	937.00M	730.00M	819.00M	1.17B
Income Tax Expense	372.00M	197.00M	277.00M	-208.00M	158.00M	232.00M	125.00M	99.00M
Net Profit Margin	18.4%	18.0%	15.7%	20.0%	14.8%	12.7%	15.1%	19.0%
EBITDA	1.90B	1.58B	1.47B	1.32B	1.35B	1.29B	1.19B	1.42B
EBITDA Margin	27.4%	24.0%	23.4%	20.7%	21.4%	22.5%	22.0%	23.1%
Depreciation & Amortization	200.00M	243.00M	255.00M	301.00M	194.00M	259.00M	244.00M	197.00M
EPS Basic	6.43	5.81	4.74	5.87	4.20	3.29	3.56	4.60
EPS Diluted	6.36	5.67	4.63	5.79	4.09	3.23	3.52	4.51
Shares Outstanding	197.00M	204.00M	208.00M	217.00M	223.00M	222.00M	230.00M	254.00M
Diluted Shares Outstanding	199.00M	209.00M	213.00M	220.00M	229.00M	226.00M	233.00M	259.00M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About NetApp, Inc.

NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.

San Jose, CA

11,700 employees

www.netapp.com

Technology / Computer Hardware

Sector: Technology
Industry: Computer Hardware
CEO: George Kurian

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