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NetApp NTAP Operating Lease Liabilities (Total)

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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$37.19B+75.5%
Enterprise value$37.85B+73.3%
P/E29.2×+11.1×
P/S5.4×+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:OperatingLeaseLiability.

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 itemApril 24, 2026April 25, 2025
Other non-current assets$228$241
Total operating lease ROU assets$228$241
Accrued expenses$42$40
Other long-term liabilities204216
Total operating lease liabilities$246$256
Weighted Average Remaining Lease Term7.7 years8.5 years
Weighted Average Discount Rate3.5%3.4%

Item 8. Financial Statements and Supplementary Data

FAQ

What is NetApp's operating lease liabilities (total)?
NetApp (NTAP) reported operating lease liabilities (total) of $246M in Q1 2026.
How has NetApp's operating lease liabilities (total) changed year-over-year?
NetApp's operating lease liabilities (total) decreased by 3.9% year-over-year, from $256M to $246M.
What is the long-term trend for NetApp's operating lease liabilities (total)?
Over 5 years (2021 to 2026), NetApp's operating lease liabilities (total) has grown at a 15.4% compound annual growth rate (CAGR), from $120M to $246M.
What does operating lease liabilities (total) mean?
This represents the total present value of future lease payments for operating leases, recognized as a liability on the balance sheet. It reflects the company's long-term commitment to leased assets such as office space, warehouses, and equipment. Tracking this helps investors evaluate the company's off-balance-sheet financing obligations and overall debt-like commitments.

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