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NetApp

NTAP

NetApp, Inc. provides intelligent data infrastructure solutions that enable organizations to manage, protect, and optimize their data across hybrid and multi-cloud environments.

Market cap
$33.65B+57.8%
Revenue$6.9B+5.4%
Net income$1.3B+7.6%
Free cash flow$1.9B+39.7%
EPS (diluted)$6.36+12.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 26, 2026 (in a month)
Revenue estimate$1.8B
EPS estimate$2.11

Financials

Q4 2026

Income statement

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Revenue$1.9B+12.5%
Gross profit$1.4B+14.4%
Operating income$532.0M+52.9%
Net income$404.0M+18.8%
EPS (diluted)$2.03+23.8%

Balance sheet

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Cash & equivalents$2.1B-24.5%
Total debt$2.7B-21.7%
Total equity$1.4B+29.9%
Total assets$10.7B-0.7%

Cash flow

See full
Operating cash flow$950.0M+40.7%
CapEx$50.0M+42.9%
Free cash flow$900.0M+40.6%

Valuation & ratios

Valuation

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Market cap$33.65B+57.8%
Enterprise value$34.31B+56.7%
P/E26.4×+8.5×
P/S4.9×+1.6×

Profitability

See full
Gross margin70.7%+0.6pp
Operating margin24.2%+3.8pp
Net margin18.4%+0.4pp
FCF margin27%+6.6pp

Returns & leverage

See full
Return on equity106.7%-1.8pp
Debt / equity-1.3×
Current ratio1.4×+0.2×

Segments

By geography

See full
Americas$969.0M+9.0%
EMEA$698.0M+18.5%
Asia Pacific$281.0M+10.6%

By product

See full
Professional And Other Services$112.0M+14.3%

Competitors

Profile

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.

Competitive position

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

GeographiesUnited States, Europe, Asia-Pacific
Customer segmentsFinancial services, Healthcare, Manufacturing, Telecommunications, Public sector
Business modelHardware sales, Subscription SaaS, Storage-as-a-Service (STaaS), Professional services
SuppliersContract manufacturers, Component suppliers (HDD, SSD, semiconductors), Open-source software communities
CustomersEnterprise end-users, Value-added resellers (VARs), System integrators, Original Equipment Manufacturers (OEMs), Global distributors
Listed1995
Employees11.8K
CEOGeorge Kurian
Websitenetapp.com
FilingsSEC EDGAR

Questions, answered.

What is NetApp's market cap?
NetApp (NTAP) has a market capitalization of $33.6B and trades on NASDAQ.
What is NetApp's revenue and profitability?
NetApp generated $6.9B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 18.4%. Gross margin stands at 70.7%, with free cash flow of $1.9B. These figures are based on the Q2 2026 filing.
Who are NetApp's competitors?
NetApp's key competitors include Hewlett Packard Enterprise, IBM, Dell Technologies, and others. These companies compete in similar markets and product categories.
Who does NetApp partner with?
NetApp's notable partners include Amazon AWS, Microsoft Azure, Google Cloud, and others.
What subsidiaries does NetApp have?
NetApp's subsidiaries include Instaclustr.
Where is NetApp headquartered?
NetApp is headquartered in United States of America and employs approximately 11,800 people. It has been publicly traded since 1995.