Income StatementBalance SheetCash FlowSegments
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NetApp Income Statement

Revenue, expenses, and profitability over time

NetApp generated $6.7B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $1.2B with a 18.07% net margin. Gross margin stands at 70.46% and operating margin at 22.21%. Diluted EPS is $5.97, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.7BGross Profit (TTM)$4.7BOperating Income (TTM)$1.5BNet Income (TTM)$1.2BEps Diluted (TTM)$5.97
Latest FilingQ1 2026
Report Date2026-02-26
Market Cap$23.8B
P/E Ratio19.64
ROE112.59%

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Capital Expenditures$47.0M$35.0M$53.0M$49.0M$46.0M—
Change in Accounts Receivable—$323.0M-$466.0M—$324.0M—
Change in Deferred Revenue$72.0M$300.0M-$48.0M-$59.0M$173.0M—
Change in Other Liabilities—$1.0M$3.0M-$3.0M-$9.0M—
Tax Withholding for Share-Based Payments$36.0M$31.0M$57.0M$30.0M$25.0M—
Common Stock Dividends Per Share$0.5$0.5$0.5$0.5$0.5$0.5
Other Comprehensive Income (Loss), Net of Tax-$10.0M—$26.0M-$10.0M$21.0M—
Dividends per share declared$0.5$0.5$0.5$0.5$0.5$0.5
OCI Foreign Currency Before Reclassification and Tax-$11.0M—$26.0M-$12.0M$21.0M—
Unrealized Gain (Loss) on Securities$0.0—-$1.0M$1.0M$0.0—
Change in Income Taxes Payable——$2.0M$1.0M——
Change in Inventories——-$54.0M-$6.0M-$17.0M—
Effect of Exchange Rate on Cash (Continuing Operations)-$12.0M—$7.0M—$1.0M—
Net Change in Cash and Restricted Cash——-$658.0M-$12.0M-$444.0M—
OCI Cash Flow Hedge Reclassification, Before Tax$4.0M—-$2.0M-$1.0M-$0.0—
Operating Lease Payments$12.0M—$12.0M$12.0M$13.0M—
Payments for Restructuring$7.0M—$37.0M$7.0M$16.0M—
ROU Asset Obtained - Operating Lease$12.0M—$8.0M$3.0M——
Shares Issued for Share-Based Compensation$53.0M—$54.0M—$49.0M—
OCI Attributable to Parent-$10.0M—$26.0M-$10.0M$21.0M—
OCI Cash Flow Hedge Before Reclassification and Tax$5.0M—-$1.0M$0.0$0.0—
OCI Unrealized Investment Gains (Losses), Before Tax$0.0—-$1.0M$1.0M$0.0—
Other investing activities, net-$1.0M—-$15.0M———
Dividends per share declared$0.5$0.5$0.5$0.5$0.5$0.5
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Income Taxes Paid, Net$65.0M—$11.0M$274.0M$45.0M—
Interest Paid, Net$23.0M—$23.0M$35.0M$16.0M—
OCI Foreign Currency Gain (Loss) Before Reclassification and Tax-$11.0M—$26.0M-$12.0M$21.0M—
OCI Unrealized Holding Gain (Loss) on Securities, Before Tax$0.0—-$1.0M$1.0M$0.0—
Share-based compensation expense related to employee stock plans$103.0M—$83.0M$102.0M$97.0M—
Pre-tax stock-based compensation cost$103.0M—$83.0M$102.0M$97.0M—
Amortization of capitalized software and acquired intangible assets$13.0M—$6.0M$6.0M$5.0M—
Stock options excluded as their inclusion would be anti-dilutive (in shares)$0.0———$2.0M—
Capital investments accrued but not yet paid——$12.0M—$3.0M—
Dividends declared (in dollars per share)$0.5$0.5$0.5$0.5$0.5$0.5
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$289.0M—$259.0M$295.0M$355.0M—
Deferred taxes-$41.0M—$9.0M$10.0M$29.0M—
Dividends, Common Stock, Cash$106.0M—$104.0M$103.0M$103.0M—
Income taxes at U.S. statutory rate of 21%$0.2—————
Excise Tax On Net Stock Repurchases———-$3.0M-$1.0M—
Foreign Currency Translation and Other Adjustments——$11.0M—$25.0M—
Gross Margin69.8%—70.4%72.0%70.6%—
Income Taxes Paid, Net$65.0M—$11.0M$274.0M$45.0M—
Increase (Decrease) in Accounts Payable, Trade-$113.0M—-$107.0M—-$25.0M—
Increase (Decrease) in Accounts Receivable—$323.0M-$466.0M—$324.0M—
Increase Decrease In Accrued Income Taxes Payable$0.0-$123.0M$2.0M$1.0M——
Accrued liabilities-$10.0M$156.0M-$240.0M-$37.0M——
Increase (decrease) in contract liabilities and current deferred income$72.0M$300.0M-$48.0M-$59.0M$173.0M—
Increase (Decrease) in Inventories——-$54.0M-$6.0M-$17.0M—
Increase (Decrease) in Other Operating Assets—$19.0M-$110.0M$118.0M$46.0M—
Other liabilities—$1.0M$3.0M-$3.0M-$9.0M—
Add - Incremental shares under stock-based compensation plans (in shares)$4.0M—$2.0M$3.0M$2.0M—
Interest Paid, Excluding Capitalized Interest, Operating Activity$23.0M—$23.0M$35.0M$16.0M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$289.0M—-$1.2B-$383.0M-$279.0M—
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation——-$181.0M$249.0M-$483.0M—
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$385.0M$675.0M$673.0M$127.0M$317.0M—
Non Cash Operating Lease Cost$10.0M—$11.0M$10.0M$11.0M—
Operating Lease Payments$12.0M—$12.0M$12.0M$13.0M—
Cash flow hedges$5.0M—-$1.0M$0.0$0.0—
Cash flow hedges, Gain or (loss) reclassified from accumulated OCI into income$4.0M—-$2.0M-$1.0M-$0.0—
Other comprehensive income/(loss)-$10.0M—$26.0M-$10.0M$21.0M—
Other income, net (Note 6)$0.0—-$12.0M-$7.0M-$0.0—
All other operating activities-$60.0M$25.0M$46.0M$29.0M——
Payment for (Proceeds from) Other Investing Activity-$1.0M-$67.0M-$15.0M———
Payments for Repurchase of Common Stock$200.0M$15.6B$300.0M$250.0M$200.0M—
Payments for Restructuring$7.0M—$37.0M$7.0M$16.0M—
Payments of Dividends$106.0M$105.0M$104.0M$103.0M$103.0M—
Payment, Tax Withholding, Share-Based Payment Arrangement$36.0M$31.0M$57.0M$30.0M$25.0M—
Payments to Acquire Investments$406.0M$494.0M$741.0M$444.0M$1.1B—
Payments to Acquire Property, Plant, and Equipment$47.0M$35.0M$53.0M$49.0M$46.0M—
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options$53.0M—$54.0M—$49.0M—
Proceeds From Sale And Collection Of Finance Receivables$16.0M—$10.0M$6.0M$9.0M—
Proceeds from disposition of marketable securities and other investments$399.0M$149.0M$598.0M$742.0M$641.0M—
Repayments of Debt——$750.0M———
Revenue From Contract With Customer Excluding Assessed Tax$1.6B$1.7B$1.6B$1.7B$1.7B—
Revenue Recognized From Beginning Contract With Customer Liability$473.0M—$714.0M$610.0M$480.0M—
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$12.0M—$8.0M$3.0M——
Stock-based compensation$103.0M$95.0M$83.0M$102.0M$97.0M—
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture$17.0M—-$3.0M-$30.0M$24.0M—
Value of shares repurchased$200.0M—$300.0M$250.0M$200.0M—
Unallocated Cost Of Revenue Amortization Of Intangible Assets$8.0M—$3.0M$3.0M$2.0M—
Unallocated Cost Of Revenue Stock Based Compensation Expense$8.0M—$7.0M$7.0M$8.0M—
Unallocated Cost Of Revenues$16.0M—$10.0M$10.0M$10.0M—
Foreign Currency Translation Adjustments, Net-$11.0M—$26.0M-$12.0M$21.0M—
OCI Available-for-Sale Debt Securities, Before Tax$0.0—-$1.0M$1.0M$0.0—
Unrealized Gain (Loss) on Derivatives, Net$5.0M—-$1.0M$0.0$0.0—
Other Comprehensive Income (Loss)$289.0M—$259.0M$295.0M$355.0M—
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent-$10.0M—$26.0M-$10.0M$21.0M—
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
OCI Foreign Currency Gain (Loss), Pre-tax-$11.0M—$26.0M-$12.0M$21.0M—
OCI Net of Tax, Parent-$10.0M—$26.0M-$10.0M$21.0M—
Cash Dividends Paid$106.0M—$104.0M$103.0M$103.0M—
OCI Attributable to Parent-$10.0M—$26.0M-$10.0M$21.0M—
Stock Repurchased During Period, Value$200.0M—$300.0M$250.0M$200.0M—

Earnings Per Share

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Common Stock Dividends Per Share (Declared)$0.5$0.5$0.5$0.5$0.5$0.5
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Basic earnings per share$1.47$1.68$1.16$1.53$1.69—
Diluted earnings per share$1.44$1.64$1.15$1.51$1.67—
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Common stock dividends per share declared$0.5$0.5$0.5$0.5$0.5$0.5
Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Dividends per share declared$0.5$0.5$0.5$0.5$0.5$0.5
Antidilutive Securities Excluded from EPS0———2M—
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Dividends per share declared$0.5$0.5$0.5$0.5$0.5$0.5
Dividends per share declared$0.5$0.5$0.5$0.5$0.5$0.5
Dividends per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Dividends per share declared$0.52$0.52$0.52$0.52$0.52$0.52
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Common stock dividends per share declared$0.5$0.5$0.5$0.5$0.5$0.5
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Common Stock Dividends Per Share Declared$0.5$0.5$0.5$0.5$0.5$0.5
Common stock dividends per share declared$0.5$0.5$0.5$0.5$0.5$0.5
Weighted-average shares, basic204M—201M199M198M—
Weighted-average shares, diluted208M—203M202M200M—

Operating Expenses

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Acquisition and integration costs$2.0M$1.0M$0.0$0.0$0.0—
Stock-Based Compensation Expense$103.0M$95.0M$83.0M$102.0M$97.0M—
Amortization of Finite-Lived Intangible Assets$13.0M—$6.0M$6.0M$5.0M—
Total stock-based compensation$103.0M—$83.0M$102.0M$97.0M—
Share-Based Compensation Expense$103.0M$95.0M$83.0M$102.0M$97.0M—
Goodwill Foreign Currency Translation Gain (Loss)——$11.0M—$25.0M—
Amortization expense$13.0M—$6.0M$6.0M$5.0M—
Operating Lease Cost$13.0M—$13.0M$13.0M$12.0M—
Stock-based compensation expense$17.0M—-$3.0M-$30.0M$24.0M—
Stock-Based Compensation Expense (Pre-tax)$103.0M—$83.0M$102.0M$97.0M—
Compensation and benefits$103.0M—$83.0M$102.0M$97.0M—
Total Lease Cost$16.0M—$17.0M$16.0M$16.0M—
Depreciation and amortization$64.0M$53.0M$51.0M$52.0M$48.0M—
General and administrative$74.0M$85.0M$84.0M$89.0M$86.0M—
Allocated Share-Based Compensation Expense$103.0M—$83.0M$102.0M$97.0M—
Total Lease Cost$16.0M—$17.0M$16.0M$16.0M—
Operating Lease Cost$13.0M—$13.0M$13.0M$12.0M—
Share-Based Compensation (Operating)$103.0M—$83.0M$102.0M$97.0M—
Total Lease Cost$16.0M—$17.0M$16.0M$16.0M—
Share-Based Compensation Expense Before Income Taxes$103.0M—$83.0M$102.0M$97.0M—
Lease Cost$16.0M—$17.0M$16.0M$16.0M—
Operating Lease Cost$13.0M—$13.0M$13.0M$12.0M—
Stock-based compensation expense$103.0M$95.0M$83.0M$102.0M$97.0M—
Variable Lease Cost$3.0M—$4.0M$3.0M$4.0M—
Occupancy and equipment$13.0M—$13.0M$13.0M$12.0M—
Other operating expenses$783.0M$845.0M$789.0M$828.0M$775.0M—
Share-Based Compensation Expense$17.0M—-$3.0M-$30.0M$24.0M—
Research and development$247.0M$256.0M$242.0M$251.0M$237.0M—
Restructuring charges$9.0M$45.0M$2.0M$23.0M-$3.0M—
Selling and marketing$451.0M$458.0M$461.0M$465.0M$455.0M—
Share-Based Compensation$103.0M$95.0M$83.0M$102.0M$97.0M—
Variable Lease Expense$3.0M—$4.0M$3.0M$4.0M—
Total operating expenses$783.0M$845.0M$789.0M$828.0M$775.0M—
Stock-Based Compensation (Before Tax)$103.0M—$83.0M$102.0M$97.0M—
Variable Lease Cost$3.0M—$4.0M$3.0M$4.0M—
Lease Costs$16.0M—$17.0M$16.0M$16.0M—
Operating Lease Cost$13.0M—$13.0M$13.0M$12.0M—
Variable Lease Cost$3.0M—$4.0M$3.0M$4.0M—
Variable Lease Cost$3.0M—$4.0M$3.0M$4.0M—

Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Effective Tax Rate Statutory Reconciliation$0.2—————
Cash Paid for Income Taxes$65.0M—$11.0M$274.0M$45.0M—
Income Tax at U.S. Statutory Rate17.8%—————
Tax Reconciliation, Federal Statutory Amount$0.2—————
Effective Tax Rate$0.2—$0.2———
Income Taxes Paid, Net$65.0M—$11.0M$274.0M$45.0M—
Income tax expense$71.0M$14.0M$71.0M$88.0M$99.0M—
Tax Reconciliation at Federal Statutory Rate$0.2—————
Tax Reconciliation - Federal Statutory Rate$0.2—————
Deferred Income Tax Expense (Benefit)-$41.0M—$9.0M$10.0M$29.0M—
Income Taxes Paid, Net$65.0M—$11.0M$274.0M$45.0M—
Statutory Federal Income Tax Rate$0.2—————
Income and Other Taxes$65.0M—$11.0M$274.0M$45.0M—
Tax Reconciliation Federal Statutory Rate$0.2—————

Other Income & Expense

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Cash Paid for Interest$23.0M—$23.0M$35.0M$16.0M—
Other Charges$0.0—-$12.0M-$7.0M-$0.0—
Interest expense$12.0M—$29.0M$26.0M$26.0M—
Interest income$20.0M—$36.0M$27.0M$25.0M—
Other income (expense), net$8.0M$6.0M-$5.0M-$6.0M-$1.0M—

Net Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Common Dividends Declared (Per Share)$0.5$0.5$0.5$0.5$0.5$0.5
Cash Dividends, Common Stock$106.0M—$104.0M$103.0M$103.0M—
OCI Attributable to Parent-$10.0M—$26.0M-$10.0M$21.0M—
Net income$299.0M$340.0M$233.0M$305.0M$334.0M—

Operating Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Gross profit$1.1B$1.2B$1.1B$1.2B$1.2B—
Operating income$362.0M$348.0M$309.0M$399.0M$434.0M—

Income Before Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income before income taxes$370.0M$354.0M$304.0M$393.0M$433.0M—

Cost of Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total cost of revenue$496.0M$539.0M$461.0M$478.0M$504.0M—

Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total revenue$1.6B$1.7B$1.6B$1.7B$1.7B—