What is NetApp's pre-tax income?

NetApp (NTAP) reported pre-tax income of $518M in Q1 2026.

How has NetApp's pre-tax income changed year-over-year?

NetApp's pre-tax income increased by 46.3% year-over-year, from $354M to $518M.

What is the long-term trend for NetApp's pre-tax income?

Over 4 years (2022 to 2026), NetApp's pre-tax income has grown at a 10.8% compound annual growth rate (CAGR), from $1.1B to $1.65B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

NetApp NTAP Pre-Tax Income

Pre-Tax Income at other companies

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$1.39B+19.8%

Backblaze, Inc.BLZE

-$6.12M+33.8%

Dell TechnologiesDELL

$3.95B+265%

Nutanix, Inc.NTNX

$81.31M+25.9%

Hewlett Packard EnterpriseHPE

$699M+167%

SnowflakeSNOW

-$296.66M+30.1%

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$33.65B+59.2%

Enterprise value$34.31B+56.7%

P/E26.4×+8.5×

P/S4.9×+1.6×

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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 pre-tax income?: NetApp (NTAP) reported pre-tax income of $518M in Q1 2026.
How has NetApp's pre-tax income changed year-over-year?: NetApp's pre-tax income increased by 46.3% year-over-year, from $354M to $518M.
What is the long-term trend for NetApp's pre-tax income?: Over 4 years (2022 to 2026), NetApp's pre-tax income has grown at a 10.8% compound annual growth rate (CAGR), from $1.1B to $1.65B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.