NetApp, Inc. (NTAP)

NTAP Income Statement

Revenue, expenses, and profitability analysis

NTAP Quarterly Income Statement (USD)

Quarterly Report	TTM	04/24/2026	01/23/2026	10/24/2025	07/25/2025	04/30/2025	01/24/2025	10/25/2024	07/26/2024
Gross Profit	4.899B	1.365B	1.209B	1.227B	1.098B	1.193B	1.145B	1.177B	1.098B
Revenue	6.925B	1.948B	1.713B	1.705B	1.559B	1.732B	1.641B	1.658B	1.541B
Cost of Goods Sold	2.026B	583.000M	504.000M	478.000M	461.000M	539.000M	496.000M	481.000M	443.000M
Gross Profit Margin	70.1%	70.1%	70.6%	72.0%	70.4%	68.9%	69.8%	71.0%	71.3%
Total Operating Expenses	3.228B	833.000M	778.000M	828.000M	789.000M	845.000M	783.000M	832.000M	816.000M
Research & Development	991.000M	261.000M	237.000M	251.000M	242.000M	256.000M	247.000M	257.000M	252.000M
Selling, General & Administrative	2.213B	573.000M	541.000M	554.000M	545.000M	543.000M	525.000M	562.000M	546.000M
Operating Income (EBIT)	1.670B	531.000M	431.000M	399.000M	309.000M	348.000M	362.000M	345.000M	282.000M
Operating Margin	27.3%	27.3%	25.2%	23.4%	19.8%	20.1%	22.1%	20.8%	18.3%
Income Before Tax (EBT)	1.648B	518.000M	433.000M	393.000M	304.000M	354.000M	370.000M	360.000M	299.000M
Interest Income	113.000M	25.000M	25.000M	27.000M	36.000M	29.000M	20.000M	27.000M	36.000M
Interest Expense	109.000M	28.000M	26.000M	26.000M	29.000M	21.000M	12.000M	15.000M	16.000M
Other Income/Expense	-22.000M	-13.000M	2.000M	-6.000M	-5.000M	6.000M	8.000M	15.000M	17.000M
Net Income	1.276B	404.000M	334.000M	305.000M	233.000M	340.000M	299.000M	299.000M	248.000M
Income Tax Expense	372.000M	114.000M	99.000M	88.000M	71.000M	14.000M	71.000M	61.000M	51.000M
Net Profit Margin	20.7%	20.7%	19.5%	17.9%	14.9%	19.6%	18.2%	18.0%	16.1%
EBITDA	1.942B	580.000M	507.000M	471.000M	384.000M	428.000M	446.000M	438.000M	378.000M
EBITDA Margin	29.8%	29.8%	29.6%	27.6%	24.6%	24.7%	27.2%	26.4%	24.5%
Depreciation & Amortization	200.000M	49.000M	48.000M	52.000M	51.000M	53.000M	64.000M	63.000M	63.000M
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	197.000M	197.000M	198.000M	199.000M	201.000M	203.000M	204.000M	204.000M	206.000M
Diluted Shares Outstanding	199.000M	199.000M	200.000M	202.000M	203.000M	206.000M	208.000M	210.000M	212.000M

NTAP Annual Income Statement (USD)

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
Gross Profit	4.899B	4.613B	4.433B	4.209B	4.220B	3.815B	3.623B	3.945B
Revenue	6.925B	6.572B	6.268B	6.362B	6.318B	5.744B	5.412B	6.146B
Cost of Goods Sold	2.026B	1.959B	1.835B	2.153B	2.098B	1.929B	1.789B	2.201B
Gross Profit Margin	70.7%	70.2%	70.7%	66.2%	66.8%	66.4%	66.9%	64.2%
Total Operating Expenses	3.228B	3.276B	3.219B	3.191B	3.063B	2.784B	2.678B	2.724B
Research & Development	991.000M	1.012B	1.029B	956.000M	881.000M	881.000M	847.000M	827.000M
Selling, General & Administrative	2.213B	2.176B	2.136B	2.094B	2.136B	2.001B	1.848B	1.935B
Operating Income (EBIT)	1.695B	1.337B	1.214B	1.018B	1.157B	1.031B	945.000M	1.221B
Operating Margin	24.5%	20.3%	19.4%	16.0%	18.3%	17.9%	17.5%	19.9%
Income Before Tax (EBT)	1.648B	1.383B	1.263B	1.066B	1.095B	962.000M	944.000M	1.268B
Interest Income	88.000M	112.000M	112.000M	69.000M	7.000M	9.000M	48.000M	88.000M
Interest Expense	81.000M	64.000M	64.000M	67.000M	73.000M	74.000M	55.000M	58.000M
Other Income/Expense	-47.000M	46.000M	49.000M	48.000M	-62.000M	-69.000M	-1.000M	47.000M
Net Income	1.276B	1.186B	986.000M	1.274B	937.000M	730.000M	819.000M	1.169B
Income Tax Expense	372.000M	197.000M	277.000M	-208.000M	158.000M	232.000M	125.000M	99.000M
Net Profit Margin	18.4%	18.0%	15.7%	20.0%	14.8%	12.7%	15.1%	19.0%
EBITDA	1.895B	1.690B	1.582B	1.434B	1.364B	1.295B	1.243B	1.523B
EBITDA Margin	27.4%	25.7%	25.2%	22.5%	21.6%	22.5%	23.0%	24.8%
Depreciation & Amortization	200.000M	243.000M	255.000M	301.000M	194.000M	259.000M	244.000M	197.000M
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	197.000M	204.000M	208.000M	217.000M	223.000M	222.000M	230.000M	254.000M
Diluted Shares Outstanding	199.000M	209.000M	213.000M	220.000M	229.000M	226.000M	233.000M	259.000M

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

11,800 employees

www.netapp.com

Technology / Computer Hardware

Sector: Technology
Industry: Computer Hardware
CEO: George Kurian

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