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NetApp NTAP US — 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$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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 US — revenue?
NetApp (NTAP) reported US — revenue of $902M in Q1 2026.
How has NetApp's US — revenue changed year-over-year?
NetApp's US — revenue increased by 10.1% year-over-year, from $819M to $902M.
What is the long-term trend for NetApp's US — revenue?
Over 4 years (2022 to 2026), NetApp's US — revenue has grown at a 1.6% compound annual growth rate (CAGR), from $3.1B to $3.29B.
What does US — revenue mean?
This metric represents the total gross revenue generated from sales of data management and storage solutions within the United States geographic segment. It excludes any taxes collected from customers that are remitted to government authorities, providing a clear view of top-line performance. This figure is a primary indicator of market demand and competitive positioning within the domestic enterprise IT infrastructure market.