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NetApp NTAP Hybrid-Flash And Other Revenues — Revenue

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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$36.62B+77.1%
Enterprise value$37.28B+74.7%
P/E28.7×+11.0×
P/S5.3×+2.2×

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 / equity-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:Revenues.

The source filing: NetApp’s 10-K, filed June 5, 2026.

Filed
Jun 5, 2026, 4:30 PM EDT
Fiscal year
FY2026
Accession
0001193125-26-259683
Line itemYear Ended / April 24, 2026Year Ended / April 25, 2025Year Ended / April 26, 2024
All-flash revenues$4,178$3,763$3,262
Hybrid-flash and other revenues2,0592,1442,395
Hybrid Cloud segment net revenues$6,237$5,907$5,657

Item 8. Financial Statements and Supplementary Data

FAQ

What is NetApp's hybrid-flash and other revenues — revenue?
NetApp (NTAP) reported hybrid-flash and other revenues — revenue of $514.75M in Q1 2026.
How has NetApp's hybrid-flash and other revenues — revenue changed year-over-year?
NetApp's hybrid-flash and other revenues — revenue decreased by 4.0% year-over-year, from $536M to $514.75M.
What is the long-term trend for NetApp's hybrid-flash and other revenues — revenue?
Over 2 years (2024 to 2026), NetApp's hybrid-flash and other revenues — revenue has grown at a -7.3% compound annual growth rate (CAGR), from $2.4B to $2.06B.
What does hybrid-flash and other revenues — revenue mean?
This metric represents the total revenue generated from the company's hybrid-flash storage arrays and associated legacy or specialized data management solutions. It captures the financial performance of the core hardware and software infrastructure segment that supports traditional enterprise data center environments. This revenue stream is critical for assessing the company's ability to maintain its installed base while transitioning customers toward cloud-integrated storage architectures.

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