What is NetApp's gross profit?

NetApp (NTAP) reported gross profit of $1.37B in Q1 2026.

How has NetApp's gross profit changed year-over-year?

NetApp's gross profit increased by 14.4% year-over-year, from $1.19B to $1.37B.

What is the long-term trend for NetApp's gross profit?

Over 4 years (2022 to 2026), NetApp's gross profit has grown at a 3.8% compound annual growth rate (CAGR), from $4.22B to $4.9B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

NetApp NTAP Gross Profit

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$8.95B+11.4%

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$23.53M+22.2%

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$7.78B+57.6%

Nutanix, Inc.NTNX

$610.79M+9.9%

SnowflakeSNOW

$926.45M+33.6%

Western DigitalWDC

$1.68B+83.8%

Other financials

Income statement

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Revenue$1.9B+12.5%

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$30.32B+43.9%

Enterprise value$30.98B+42.0%

P/E23.8×+6.0×

P/S4.4×+1.2×

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

Calculated from NetApp’s reported figures.

$1.9Btotal revenue−$583.0Mtotal cost of revenue=$1.37B

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 gross profit?: NetApp (NTAP) reported gross profit of $1.37B in Q1 2026.
How has NetApp's gross profit changed year-over-year?: NetApp's gross profit increased by 14.4% year-over-year, from $1.19B to $1.37B.
What is the long-term trend for NetApp's gross profit?: Over 4 years (2022 to 2026), NetApp's gross profit has grown at a 3.8% compound annual growth rate (CAGR), from $4.22B to $4.9B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.