Product — Cost of Goods Sold
NetApp Product — Cost of Goods Sold increased by 10.0% to $353.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.0%, from $330.00M to $353.00M. Over 4 years (FY 2021 to FY 2025), Product — Cost of Goods Sold shows a downward trend with a -2.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression due to rising supply chain costs or manufacturing inefficiencies, while a decrease relative to revenue suggests improved production efficiency.
Detailed definition
This metric captures the total direct costs associated with producing and delivering the hardware and integrated softwar...
Peer comparison
Comparable to 'Cost of Product Revenue' or 'Cost of Goods Sold' (COGS) found in the income statements of hardware-centric technology companies.
ntap_segment_product_cost_of_goods_and_services_soldHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $387.00M | $329.00M | $372.00M | $407.00M | $446.00M | $397.00M | $418.00M | $367.00M | $335.00M | $265.00M | $276.00M | $282.00M | $314.00M | $269.00M | $307.00M | $330.00M | $378.00M | $302.00M | $321.00M | $353.00M |
| QoQ Change | — | -15.0% | +13.1% | +9.4% | +9.6% | -11.0% | +5.3% | -12.2% | -8.7% | -20.9% | +4.2% | +2.2% | +11.3% | -14.3% | +14.1% | +7.5% | +14.5% | -20.1% | +6.3% | +10.0% |
| YoY Change | — | — | — | — | +15.2% | +20.7% | +12.4% | -9.8% | -24.9% | -33.2% | -34.0% | -23.2% | -6.3% | +1.5% | +11.2% | +17.0% | +20.4% | +12.3% | +4.6% | +7.0% |
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Frequently Asked Questions
- What is NetApp's product — cost of goods sold?
- NetApp (NTAP) reported product — cost of goods sold of $353.00M in Q4 2025.
- How has NetApp's product — cost of goods sold changed year-over-year?
- NetApp's product — cost of goods sold increased by 7.0% year-over-year, from $330.00M to $353.00M.
- What is the long-term trend for NetApp's product — cost of goods sold?
- Over 4 years (2021 to 2025), NetApp's product — cost of goods sold has grown at a -2.7% compound annual growth rate (CAGR), from $1.43B to $1.28B.
- What does product — cost of goods sold mean?
- The total direct costs incurred to manufacture and deliver the company's physical products.