Public Cloud — Gross Margin Excluding Unallocated Cost Of Revenues
NetApp Public Cloud — Gross Margin Excluding Unallocated Cost Of Revenues increased by 2.5% to 85.1% in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.4%, from 76.4% to 85.1%. Over 2 years (FY 2021 to FY 2025), Public Cloud — Gross Margin Excluding Unallocated Cost Of Revenues shows an upward trend with a 6.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher margins indicate strong competitive advantage and efficient service delivery, while declining margins may signal increased competition or rising infrastructure costs.
Detailed definition
Calculated as the ratio of gross profit to total revenue for the Public Cloud segment, excluding unallocated corporate c...
Peer comparison
Standard 'Gross Margin' metric used across the technology sector to compare operational efficiency.
ntap_segment_public_cloud_gross_margin_excluding_unallocated_cost_of_revenuesHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 1.9% | 70.9% | 71.3% | 70.9% | 69.7% | 68.3% | 68.7% | 66.9% | 66.2% | 65.6% | 0.6% | 71.1% | 73.8% | 76.4% | 1.3% | 80.1% | 83% | 85.1% |
| QoQ Change | — | >999% | +0.6% | -0.6% | -1.7% | -2.0% | +0.6% | -2.6% | -1.0% | -0.9% | -99.1% | >999% | +3.8% | +3.5% | -98.3% | >999% | +3.6% | +2.5% |
| YoY Change | — | — | — | — | -1.7% | -4.2% | -3.1% | -4.0% | -3.1% | -4.5% | — | +6.3% | +11.5% | +16.5% | +116.7% | +12.7% | +12.5% | +11.4% |
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Frequently Asked Questions
- What is NetApp's public cloud — gross margin excluding unallocated cost of revenues?
- NetApp (NTAP) reported public cloud — gross margin excluding unallocated cost of revenues of 85.1% in Q4 2025.
- How has NetApp's public cloud — gross margin excluding unallocated cost of revenues changed year-over-year?
- NetApp's public cloud — gross margin excluding unallocated cost of revenues increased by 11.4% year-over-year, from 76.4% to 85.1%.
- What is the long-term trend for NetApp's public cloud — gross margin excluding unallocated cost of revenues?
- Over 2 years (2021 to 2025), NetApp's public cloud — gross margin excluding unallocated cost of revenues has grown at a 6.8% compound annual growth rate (CAGR), from 195.1% to 222.6%.
- What does public cloud — gross margin excluding unallocated cost of revenues mean?
- The percentage of Public Cloud revenue that remains as profit after paying for the direct costs of service delivery.