Business Segments · Gross Margin Excluding Unallocated Cost Of Revenues
Hybrid Cloud — Gross Margin Excluding Unallocated Cost Of Revenues
NetApp Hybrid Cloud — Gross Margin Excluding Unallocated Cost Of Revenues decreased by 2.5% to 69.6% in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.7%, from 70.1% to 69.6%. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ3 2019
Last reportedQ1 2026
How to read this metric
Higher margins suggest better product pricing power or more efficient manufacturing and service delivery.
Detailed definition
This is the ratio of gross profit to total revenue for the Hybrid Cloud segment, expressed as a percentage. It measures...
Peer comparison
A key benchmark for comparing the operational efficiency of technology hardware and cloud service providers.
Metric ID:
ntap_segment_hybrid_cloud_gross_margin_excluding_unallocated_cost_of_revenuesHistorical Data
16 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q2 '24 | Q3 '24 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 69.2% | 68.2% | 67.1% | 66.4% | 66.1% | 66.6% | 0.7% | 71.1% | 72.7% | 73.4% | 72.4% | 71.8% | 70.1% | 70% | 71.4% | 69.6% |
| QoQ Change | — | -1.4% | -1.6% | -1.0% | -0.5% | +0.8% | -98.9% | >999% | +2.3% | +1.0% | -1.4% | -0.8% | -2.4% | -0.1% | +2.0% | -2.5% |
| YoY Change | — | — | — | -4.0% | -3.1% | -0.7% | — | +7.1% | +10.0% | +10.2% | +1.8% | -1.2% | -4.5% | -3.3% | -0.6% | -0.7% |
Range0.7% – 73.4%
CAGR+0.2%
Avg YoY Growth+0.9%
Median YoY Growth-0.7%
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Frequently Asked Questions
- What is NetApp's hybrid cloud — gross margin excluding unallocated cost of revenues?
- NetApp (NTAP) reported hybrid cloud — gross margin excluding unallocated cost of revenues of 69.6% in Q4 2025.
- How has NetApp's hybrid cloud — gross margin excluding unallocated cost of revenues changed year-over-year?
- NetApp's hybrid cloud — gross margin excluding unallocated cost of revenues decreased by 0.7% year-over-year, from 70.1% to 69.6%.
- What does hybrid cloud — gross margin excluding unallocated cost of revenues mean?
- The percentage of Hybrid Cloud revenue that remains as profit after covering direct production costs.