What is NetApp's contract liabilities?

NetApp (NTAP) reported contract liabilities of $2.53B in Q1 2026.

How has NetApp's contract liabilities changed year-over-year?

NetApp's contract liabilities increased by 11.9% year-over-year, from $2.26B to $2.53B.

What is the long-term trend for NetApp's contract liabilities?

Over 5 years (2021 to 2026), NetApp's contract liabilities has grown at a 5.4% compound annual growth rate (CAGR), from $1.94B to $2.53B.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

NetApp NTAP Contract Liabilities

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Other financials

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

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Operating cash flow$950.0M+40.7%

CapEx$50.0M+42.9%

Free cash flow$900.0M+40.6%

Valuation

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Market cap$32.26B+53.8%

Enterprise value$32.92B+51.6%

P/E25.3×+7.6×

P/S4.7×+1.5×

Profitability

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Gross margin70.7%+0.6pp

Operating margin24.2%+3.8pp

Net margin18.4%+0.4pp

FCF margin27%+6.6pp

Returns & leverage

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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:ContractWithCustomerLiabilityNoncurrent.

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 contract liabilities?: NetApp (NTAP) reported contract liabilities of $2.53B in Q1 2026.
How has NetApp's contract liabilities changed year-over-year?: NetApp's contract liabilities increased by 11.9% year-over-year, from $2.26B to $2.53B.
What is the long-term trend for NetApp's contract liabilities?: Over 5 years (2021 to 2026), NetApp's contract liabilities has grown at a 5.4% compound annual growth rate (CAGR), from $1.94B to $2.53B.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.