What is NetApp's operating cash flow?

NetApp (NTAP) reported operating cash flow of $950M in Q1 2026.

How has NetApp's operating cash flow changed year-over-year?

NetApp's operating cash flow increased by 40.7% year-over-year, from $675M to $950M.

What is the long-term trend for NetApp's operating cash flow?

Over 5 years (2021 to 2026), NetApp's operating cash flow has grown at a 9.2% compound annual growth rate (CAGR), from $1.33B to $2.07B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

NetApp NTAP Operating Cash Flow

Operating Cash Flow at other companies

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$38M-68.6%

UnifirstUNF

$73.62M+4.9%

HES

Hess MidstreamHESM

$253.3M+25.1%

Cabot CorporationCBT

$77M+5.5%

Main Street CapitalMAIN

-$138.54M-579%

Dave, Inc.DAVE

$82.03M+81.3%

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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CapEx$50.0M+42.9%

Free cash flow$900.0M+40.6%

Valuation

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Market cap$30.29B+47.2%

Enterprise value$30.95B+45.1%

P/E23.7×+6.4×

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

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:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: NetApp (NTAP) reported operating cash flow of $950M in Q1 2026.
How has NetApp's operating cash flow changed year-over-year?: NetApp's operating cash flow increased by 40.7% year-over-year, from $675M to $950M.
What is the long-term trend for NetApp's operating cash flow?: Over 5 years (2021 to 2026), NetApp's operating cash flow has grown at a 9.2% compound annual growth rate (CAGR), from $1.33B to $2.07B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.