What is NetApp's cash & equivalents?

NetApp (NTAP) reported cash & equivalents of $2.07B in Q1 2026.

How has NetApp's cash & equivalents changed year-over-year?

NetApp's cash & equivalents decreased by 24.5% year-over-year, from $2.74B to $2.07B.

What is the long-term trend for NetApp's cash & equivalents?

Over 5 years (2021 to 2026), NetApp's cash & equivalents has grown at a -14.5% compound annual growth rate (CAGR), from $4.53B to $2.07B.

What does cash & equivalents mean?

Cash on hand plus highly liquid investments with maturities of three months or less at purchase — treasury bills, money market funds, and commercial paper.

NetApp NTAP Cash & Equivalents

Cash & Equivalents at other companies

International Business MachinesIBM

$10.86B-2.7%

Backblaze, Inc.BLZE

$26.28M-35.3%

Dell TechnologiesDELL

$11.58B+50.4%

Nutanix, Inc.NTNX

$718.81M-17.6%

Hewlett Packard EnterpriseHPE

$5.35B-54.6%

SnowflakeSNOW

$2.13B-8.2%

Other financials

Income statement

See full

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

See full

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

See full

Market cap$30.32B+43.9%

Enterprise value$30.98B+42.0%

P/E23.8×+6.0×

P/S4.4×+1.2×

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 / equity2×-1.3×

Current ratio1.4×+0.2×

Where this comes from

Reported directly by NetApp in its filing.

Tagged under the XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue.

The official record: NetApp’s 10-K, filed June 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NetApp's cash & equivalents?: NetApp (NTAP) reported cash & equivalents of $2.07B in Q1 2026.
How has NetApp's cash & equivalents changed year-over-year?: NetApp's cash & equivalents decreased by 24.5% year-over-year, from $2.74B to $2.07B.
What is the long-term trend for NetApp's cash & equivalents?: Over 5 years (2021 to 2026), NetApp's cash & equivalents has grown at a -14.5% compound annual growth rate (CAGR), from $4.53B to $2.07B.
What does cash & equivalents mean?: Cash on hand plus highly liquid investments with maturities of three months or less at purchase — treasury bills, money market funds, and commercial paper.