NetApp, Inc.

NetApp, Inc.

NTAP
NetApp, Inc.US flagNASDAQ Global Select
185.59
USD
+0.21
- -
36.42BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
18.59
19.41
18.86
19.97
22.09
24.2
23.53
25.87
28.33
29.32
30.13
32.22
34.8
34.84
Basic EPS, GAAP
1.87
1.77
0.78
1.75
0.43
4.6
3.56
3.29
4.2
5.87
4.74
5.81
6.41
6.42
Free Cash Flow per Basic Share
3.32
3.46
2.77
2.95
4.97
4.6
4.07
5.27
4.42
4
7.36
6.56
9.39
9.4
Dividend per Share
0.59
0.66
0.71
0.76
0.8
1.59
1.91
1.92
2
1.99
2
2.08
2.08
2.08
Book Value per Share
11.67
11.15
10.25
10.33
8.65
4.54
1.11
3.09
3.81
5.47
5.55
5.17
6.89
6.89
Tangible Book Value per Share
8.25
7.5
3.65
3.59
1.68
-2.88
-7.21
-6.55
-7.5
-8.4
-8.42
-8.59
-7.36
-7.36
Basic Weighted Avg Shares
340
316
294
275
268
254
230
222
223
217
208
204
199
199
Sales/Revenue/Turnover
6,325
6,123
5,546
5,491
5,919
6,146
5,412
5,744
6,318
6,362
6,268
6,572
6,925
6,925
Operating Margin (%)
13
11.69
7.45
12.07
15.88
19.25
17.15
16.24
19.04
18.22
20.23
21.68
24.48
24.48
Depreciation Expense
334
307
279
226
198
197
193
207
194
248
255
243
200
200
Net Income, GAAP
638
560
229
481
116
1,169
819
730
937
1,274
986
1,186
1,276
1,276
Effective Tax Rate (%)
13.9
21.46
33.62
22.54
90.33
7.81
13.24
24.12
14.43
- -
21.93
14.24
22.57
22.57
Profit Margin (%)
10.09
9.15
4.13
8.76
1.96
19.02
15.13
12.71
14.83
20.03
15.73
18.05
18.43
18.43
Working Capital
3,777
4,064
2,786
2,076
3,421
1,743
658
2,549
1,992
1,213
791
1,189
1,755
1,755
LT Debt
990
1,487
1,490
744
1,541
1,144
1,239
2,703
2,643
2,637
2,212
2,701
2,691
2,691
Total Equity
3,786
3,414
2,881
2,780
2,276
1,090
242
685
838
1,159
1,146
1,040
1,351
1,351
Return on Invested Capital (%)
12.06
11.62
5.41
10.13
2
30.79
32.62
25.79
28.54
- -
25.91
28.84
29.86
29.86
Return on Capital (%)
11.39
12.25
5.16
10.28
2.68
34.51
35.11
28.63
27.71
- -
27.12
29.8
31.58
31.58
Return on Common Equity (%)
15
15.55
7.28
16.99
4.59
69.46
122.97
157.5
123.05
127.59
85.55
108.51
106.73
106.73

Capital Structure

FRC

in mil. unless spec.
Oct'26
Jan'26
Apr'26
ST Debt
42
41
42
LT Borrowings
2,486
2,486
2,487
LT Finance Leases
211
207
204
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
198
198
196
Market Capitalization
23,320
19,077
21,711

Working Capital

FRC

in mil. unless spec.
Oct'26
Jan'26
Apr'26
Total Current Assets
4,654
4,996
5,776
Cash, Cash Equivalents & STI
3,014
3,008
3,584
Accounts Receivable, Net
988
1,314
1,286
Inventories
127
109
198
Total Current Liabilities
3,470
3,594
4,021
Payables & Accruals
436
413
579
ST Debt
42
41
42
Deferred Revenue
2,144
2,273
2,320

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.17%
16.04%
29.9%
Free Cash Flow
13.25%
15.13%
39.69%
Net Income, GAAP
97.07%
13.92%
7.59%
Sales/Revenue/Turnover
2.43%
3.89%
5.37%
Total Cash Common Dividend
9.34%
-0.61%
-2.59%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,432
1,562
1,606
1,668
6,268
2025
1,541
1,658
1,641
1,732
6,572
2026
1,559
1,705
1,713
1,948
6,925

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.7
1.12
1.52
1.41
4.74
2025
1.2
1.47
1.47
1.67
5.81
2026
1.16
1.53
1.69
2.05
6.41

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.5
0.5
0.5
0.5
2
2025
0.52
0.52
0.52
0.52
2.08
2026
0.52
0.52
0.52
0.52
2.08

Company Description

CEO
George Kurian
Full Time Employees
11,700
Sector
Technology
Industry
Computer Hardware
Address
3060 Olsen Drive San Jose CA United States of America 95128
IPO Date
Nov 21, 1995
Website
netapp.com
Business
NetApp, Inc. (NTAP) provides unified data storage, integrated data services, and cloud operations solutions to enterprise customers worldwide. The company, founded in 1992 and headquartered in San Jose, California, offers a comprehensive portfolio of hardware and software including all-flash arrays such as All Flash FAS (AFF), hybrid flash systems, disaggregated storage architectures; ONTAP data management software for file, block, and object storage; cloud data services via platforms like Astra for control and automation across hybrid and multi-cloud environments; and specialized solutions for AI workloads, ransomware protection, cybersecurity, virtualization, and enterprise applications integrated with public cloud providers including AWS, Azure, and Google Cloud. NetApp serves enterprises, government agencies, and universities with operations spanning the United States, Europe, and Asia-Pacific regions through its global network of partners and direct sales. In recent developments, NetApp strengthens its hybrid cloud strategy through expanded partnerships, including deepened collaboration with Cisco on FlexPod XCS converged infrastructure, integration with AWS AI services for enterprise data workflows, and technology alliances with Lenovo for OEM storage systems; the company also reports robust growth in all-flash array annual recurring revenue, reaching $3.8 billion in its fiscal third quarter 2025, alongside 33% year-over-year cloud revenue increase driven by AI momentum and public cloud services expansion. Additionally, Flexera acquired NetApp's FinOps Spot business in early 2025 for $100 million to enhance cloud cost management capabilities, reflecting ongoing portfolio optimization amid rising demand for intelligent data infrastructure.

Company News

  • Don't Overlook These 2 AI-Driven Tech Stocks After Earnings: CIEN, NTAP

  • NTAP Q1 Earnings Beat Estimates on Hybrid, Public Cloud Revenue Growth

  • B. Metzler seel. Sohn & Co. AG Sells 31,445 Shares of NetApp, Inc. $NTAP

  • NetApp Q1 Earnings Call Highlights

  • NetApp Q1 Earnings Call Highlights Durable AI-Led Demand

  • NetApp CEO George Kurian: We had a record-setting quarter; we see really good momentum

  • NTAP Q1 Earnings & Revenues Top Estimates on AI and All-Flash Strength

  • Thursday's First Moves: NTAP, FIVE & VSXY Earnings

  • NetApp Analysts Boost Their Forecasts After Strong Q1 Earnings

  • NetApp Stock Is Buyable Here, Better In The $140s

  • NetApp, Hewlett Packard Enterprise And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

  • NetApp and AWS Accelerate Storage Migrations with AWS Transform

  • NetApp Earnings Beat Estimates. The Stock Is Falling in a Big Way.

  • NetApp, Inc. (NTAP) Q1 2027 Earnings Call Transcript

  • NetApp Q1 Earnings Call Highlights

  • Compared to Estimates, NetApp (NTAP) Q1 Earnings: A Look at Key Metrics

  • NetApp (NTAP) Surpasses Q1 Earnings and Revenue Estimates

  • NetApp Stock Tanks Despite Strong Q1 Earnings Print

  • Is NetApp Inc (NTAP) Overvalued After Q1 Earnings Beat? EPS at $1.88 vs Est. $1.65, Revenue at $2.03B vs Est. $1.84B, GF Score: 88/100

  • NetApp Helps Customers Accelerate Adoption of Latest VMware Cloud Foundation Innovations