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NetApp NTAP Q1 2026 earnings

Reported August 27, 2025 · After market close

Revenue$1.6BBeat by $11.2M
EPS$1.55Beat by $0.01
Revenue estimate$1.5B
EPS estimate$1.54

Next report

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

Financials

Q1 2026

Income statement

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Revenue$1.4B-9.3%
Gross profit$937.0M-14.7%
Operating income$309.0M+9.6%
Net income$233.0M-6.0%
EPS (diluted)$1.15-1.7%

Balance sheet

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Cash & equivalents$2.1B+26.2%
Total debt$2.7B+3.7%
Total equity$975.0M+5.0%
Total assets$9.7B+4.0%

Cash flow

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Operating cash flow$673.0M+97.4%
CapEx$53.0M+29.3%
Free cash flow$620.0M+107%

Valuation & ratios

Valuation

as of 07/25/25
See full
Market cap$20.84B-20.3%
Enterprise value$21.5B-20.8%
P/E17.8×-6.3×
P/S3.2×-0.9×

Profitability

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Gross margin69.2%-1.9pp
Operating margin21.2%+0.5pp
Net margin18.2%+1.2pp
FCF margin25.8%+3.6pp

Returns & leverage

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Return on equity123%+2.6pp
Debt / equity2.8×0.0×
Current ratio1.3×+0.4×

Segments

By geography

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Americas$791.0M+3.7%
EMEA$503.0M-1.9%
Asia Pacific$265.0M0.0%

By product

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Support$647.0M+2.5%
Public Cloud$161.0M+1.3%
Professional And Other Services$97.0M+18.3%

By segment

See full
Hybrid Cloud$1.4B—

FAQ

When did NetApp report Q1 2026 earnings?
NetApp (NTAP) reported Q1 2026 earnings on August 27, 2025 after market close.
What were NetApp's Q1 2026 revenue and EPS?
NetApp reported revenue of $1.6B and eps of $1.55 for Q1 2026.
Did NetApp beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.5B by $11.2M. EPS beat the consensus estimate of $1.54 by $0.01.
How did NetApp's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.0% from $1.5B a year earlier and eps declined 0.6% from $1.56.
Where can I find NetApp's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000950170-25-111700) and the 10-Q periodic report (0001193125-25-189700) directly on SEC EDGAR. The filing index links above go to sec.gov.