What is NetApp's PP&E (net)?

NetApp (NTAP) reported PP&E (net) of $592M in Q1 2026.

How has NetApp's PP&E (net) changed year-over-year?

NetApp's PP&E (net) increased by 5.2% year-over-year, from $563M to $592M.

What is the long-term trend for NetApp's PP&E (net)?

Over 5 years (2021 to 2026), NetApp's PP&E (net) has grown at a 2.4% compound annual growth rate (CAGR), from $525M to $592M.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

NetApp NTAP PP&E (Net)

PP&E (Net) at other companies

Backblaze, Inc.BLZE

$61.31M+34.3%

Dell TechnologiesDELL

$6.95B+8.8%

Nutanix, Inc.NTNX

$127.32M-11.4%

Hewlett Packard EnterpriseHPE

$5.6B+3.5%

SnowflakeSNOW

$227.21M-21.7%

Western DigitalWDC

$2.42B+3.2%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$950.0M+40.7%

CapEx$50.0M+42.9%

Free cash flow$900.0M+40.6%

Valuation

See full

Market cap$33.65B+59.2%

Enterprise value$34.31B+56.7%

P/E26.4×+8.5×

P/S4.9×+1.6×

Profitability

See full

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:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: NetApp (NTAP) reported PP&E (net) of $592M in Q1 2026.
How has NetApp's PP&E (net) changed year-over-year?: NetApp's PP&E (net) increased by 5.2% year-over-year, from $563M to $592M.
What is the long-term trend for NetApp's PP&E (net)?: Over 5 years (2021 to 2026), NetApp's PP&E (net) has grown at a 2.4% compound annual growth rate (CAGR), from $525M to $592M.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.