What is NetApp's inventories?

NetApp (NTAP) reported inventories of $198M in Q1 2026.

How has NetApp's inventories changed year-over-year?

NetApp's inventories increased by 6.5% year-over-year, from $186M to $198M.

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

Over 5 years (2021 to 2026), NetApp's inventories has grown at a 11.7% compound annual growth rate (CAGR), from $114M to $198M.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

NetApp NTAP Inventories

Inventories at other companies

International Business MachinesIBM

$1.48B+3.1%

Dell TechnologiesDELL

$15.05B+103%

Hewlett Packard EnterpriseHPE

$9.03B+11.6%

Western DigitalWDC

$1.36B+3.5%

Seagate Technology Holdings PLCSTX

$1.53B+3.9%

F5, Inc.FFIV

$90.3M+33.0%

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

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

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$33.65B+59.2%

Enterprise value$34.31B+56.7%

P/E26.4×+8.5×

P/S4.9×+1.6×

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:InventoryNet.

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

Ask your AI about NetApp's inventories.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is NetApp's inventories?: NetApp (NTAP) reported inventories of $198M in Q1 2026.
How has NetApp's inventories changed year-over-year?: NetApp's inventories increased by 6.5% year-over-year, from $186M to $198M.
What is the long-term trend for NetApp's inventories?: Over 5 years (2021 to 2026), NetApp's inventories has grown at a 11.7% compound annual growth rate (CAGR), from $114M to $198M.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.