Income StatementBalance SheetCash FlowSegments
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NetApp Business Segments

Business, geographic, and product segment breakdowns

NetApp generates $6.7B in annual revenue across 3 key segments: Professional And Other Services ($275.0M), Public Cloud ($121.0M), and Support ($198.0M). The company-wide operating margin is 22.21%. Based on the Q1 2026 filing.

Professional And Other Services (TTM)$275.0MPublic Cloud (TTM)$121.0MSupport (TTM)$198.0M
Latest FilingQ1 2026
Report Date2026-02-26
Market Cap$23.8B
P/E Ratio19.64
ROE112.59%

Products & Services

Cost of Goods Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product$307.0M$330.0M$378.0M$302.0M$321.0M$353.0M
Service$174.0M$166.0M$161.0M$159.0M$157.0M$151.0M

Cost Of Goods And Services Sold Excluding Unallocated Cost Of Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Professional And Other Services$64.0M$63.0M$70.0M$68.0M$69.0M$68.0M
Support$51.0M$48.0M$48.0M$50.0M$51.0M$49.0M
Public Cloud$44.0M$41.0M$34.0M$32.0M$29.0M$26.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Support$635.0M$621.0M$625.0M$647.0M$647.0M$654.0M
Public Cloud$168.0M$174.0M$164.0M$161.0M$171.0M$174.0M
Professional And Other Services$87.0M$88.0M$98.0M$97.0M$99.0M$99.0M

Deferred Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reported——$4.5B———

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$862.0M$833.0M$889.0M$791.0M$863.0M$882.0M
EMEA$543.0M$559.0M$589.0M$503.0M$572.0M$585.0M
Asia Pacific$253.0M$249.0M$254.0M$265.0M$270.0M$246.0M

Business Segments

Cost Of Goods And Services Sold Excluding Unallocated Cost Of Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Hybrid Cloud$420.0M$439.0M$495.0M$419.0M$439.0M$468.0M

Goodwill Foreign Currency Translation Gain Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Public Cloud———$11.0M—$25.0M
Hybrid Cloud———$0.0$0.0$0.0

Gross Margin Excluding Unallocated Cost Of Revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Public Cloud73.8%76.4%1.3%80.1%83.0%85.1%
Hybrid Cloud71.8%70.1%—70.0%71.4%69.6%

Gross Profit Excluding Unallocated Cost Of Revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Hybrid Cloud$1.1B$1.0B$1.1B$979.0M$1.1B$1.1B
Public Cloud$124.0M$133.0M$130.0M$129.0M$142.0M$148.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Hybrid Cloud$1.5B$1.5B$1.6B$1.4B$1.5B$1.5B