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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
$45.38B+87.2%
Revenue$7.2B+11.8%
Net income$1.4B+21.1%
Free cash flow$1.7B-0.5%
EPS (diluted)$7.09+25.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Dec 1, 2026 (in 2 months)
Revenue estimate$2.1B
EPS estimate$2.60

Financials

Q1 2027

Income statement

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Revenue$1.8B+30.1%
Gross profit$1.2B+29.5%
Operating income$484.0M+56.6%
Net income$375.0M+60.9%
EPS (diluted)$1.88+63.5%

Balance sheet

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Cash & equivalents$1.6B-24.6%
Total debt$2.5B-7.7%
Total equity$1.5B+53.3%
Total assets$11.0B+13.2%

Cash flow

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Operating cash flow$503.0M-25.3%
CapEx$102.0M+92.5%
Free cash flow$401.0M-35.3%

Valuation & ratios

Valuation

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Market cap$45.38B+87.2%
Enterprise value$46.34B+87.8%
P/E32×+11.5×
P/S6.3×+2.6×

Profitability

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Gross margin69.8%+0.5pp
Operating margin25.7%+4.5pp
Net margin19.7%+1.5pp
FCF margin23%-2.8pp

Returns & leverage

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Return on equity114.8%-8.2pp
Debt / equity1.7×-1.1×
Current ratio1.2×-0.1×

Segments

By geography

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Americas$978.0M+23.6%
EMEA$668.0M+32.8%
Asia Pacific$379.0M+43.0%

By product

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Support$720.0M+11.3%
Public Cloud$206.0M+28.0%
Professional And Other Services$112.0M+15.5%

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

FAQ

What is NetApp's market cap?
NetApp (NTAP) has a market capitalization of $45.4B and trades on NASDAQ.
What is NetApp's revenue and profitability?
NetApp generated $7.2B in trailing twelve-month revenue with net income of $1.4B, representing a net margin of 19.7%. Gross margin stands at 69.8%, with free cash flow of $1.7B. The latest reported period is Q1 2027.
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.