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NetApp

NTAPNASDAQStock Fundamentals

NetApp, Inc. provides intelligent data infrastructure solutions that enable organizations to manage, protect, and optimize their data across hybrid and multi-cloud environments. The company offers a unified platform of storage systems, software, and cloud services designed to modernize legacy infrastructure and support high-performance workloads like artificial intelligence.

Market Cap$23.8B
Revenue TTM$6.7B
Net Income TTM$1.2B
P/E Ratio19.64
Net Margin18.07%
EPS TTM$5.97
Free Cash Flow TTM$1.6B
Employees11.8K
CEOGeorge Kurian
CountryUnited States of America
Technology
Computer Hardware
SegmentsComputer Hardware, Data Storage, Cloud Computing, Software Infrastructure
Business ModelsHardware sales, Subscription SaaS, Storage-as-a-Service (STaaS), Professional services
Most Recent EarningsFeb 26, 2026 · 2 months agoQ1 2026 · FQ3 FY2026
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Next EarningsMay 28, 2026 · In 1 weekAfter Market Close · Q2 2026 · FQ4 FY2026

Financials

Based on Q1 2026 · FQ3 FY2026 filing

Gross Margin70.46%
Op. Margin22.21%
ROE112.59%
D/E236.1%
Current Ratio1.39
Total Debt$2.7B
Cash$1.6B
CapEx TTM$183.0M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Hybrid Cloud

primary

Provides a unified data storage portfolio of hardware, software, and services that help customers modernize on-premises data centers while integrating with private and public clouds. It supports file, block, and object storage for structured and unstructured data.

Products

NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter, NetApp SnapMirror, NetApp SnapLock, NetApp All-Flash FAS (AFF A-Series), NetApp All-Flash FAS (AFF C-Series), NetApp All-Flash SAN Array (ASA), NetApp Fabric Attached Storage (FAS), NetApp E/EF series, NetApp StorageGRID, NetApp Keystone

Customers

Enterprise businesses, Government agencies, Service providers

Public Cloud

major

Offers a portfolio of cloud-native storage and data services delivered primarily as-a-service through major public cloud providers. These solutions focus on automated cloud cost management, data visibility, and managed open-source database operations.

Products

Azure NetApp Files, Amazon FSx for NetApp ONTAP, Google Cloud NetApp Volumes, NetApp Cloud Volumes ONTAP, NetApp BlueXP, BlueXP Copy and Sync, BlueXP Backup and Recovery, BlueXP Classification, BlueXP Ransomware Protection, NetApp Data Infrastructure Insights, Instaclustr

Customers

Cloud-native organizations, DevOps teams, Enterprise IT departments

Segment Financials

Hybrid Cloud — Revenue

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Hybrid Cloud — Gross Profit Excluding Unallocated Cost Of Revenues

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Hybrid Cloud — Gross Margin Excluding Unallocated Cost Of Revenues

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Public Cloud — Revenue

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Public Cloud — Gross Profit Excluding Unallocated Cost Of Revenues

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Public Cloud — Cost Of Goods And Services Sold Excluding Unallocated Cost Of Revenue

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Business Overview

Competitive Position

A leading provider of enterprise-grade storage services natively embedded in major public clouds, leveraging a long history in unstructured data management.

Geographies

United States, Europe, Asia-Pacific

Customer Segments

Financial services, Healthcare, Manufacturing, Telecommunications, Public sector

Upstream Dependencies

Contract manufacturers, Component suppliers (HDD, SSD, semiconductors), Open-source software communities

Downstream Customers

Enterprise end-users, Value-added resellers (VARs), System integrators, Original Equipment Manufacturers (OEMs), Global distributors

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NetApp FAQ

Common questions about NetApp

NetApp, Inc. provides intelligent data infrastructure solutions that enable organizations to manage, protect, and optimize their data across hybrid and multi-cloud environments. The company offers a unified platform of storage systems, software, and cloud services designed to modernize legacy infrastructure and support high-performance workloads like artificial intelligence.

NetApp (NTAP) has a market capitalization of $23.8B and trades on NASDAQ.

NetApp generated $6.7B in trailing twelve-month revenue with net income of $1.2B, representing a net margin of 18.1%. Gross margin stands at 70.5%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.

NetApp's key competitors include Hewlett Packard Enterprise, IBM, Dell Technologies, and others. These companies compete in similar markets and product categories.

NetApp has approximately 11,800 employees.