What is NetApp's R&D?

NetApp (NTAP) reported R&D of $261M in Q1 2026.

How has NetApp's R&D changed year-over-year?

NetApp's R&D increased by 2.0% year-over-year, from $256M to $261M.

What is the long-term trend for NetApp's R&D?

Over 4 years (2022 to 2026), NetApp's R&D has grown at a 3.0% compound annual growth rate (CAGR), from $881M to $991M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

NetApp NTAP R&D

R&D at other companies

International Business MachinesIBM

$2.17B+11.4%

Backblaze, Inc.BLZE

$11.29M-4.8%

Dell TechnologiesDELL

$983M+21.7%

Nutanix, Inc.NTNX

$196.1M+5.2%

Hewlett Packard EnterpriseHPE

$922M+70.7%

SnowflakeSNOW

$534.94M+13.2%

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:ResearchAndDevelopmentExpense.

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 R&D?: NetApp (NTAP) reported R&D of $261M in Q1 2026.
How has NetApp's R&D changed year-over-year?: NetApp's R&D increased by 2.0% year-over-year, from $256M to $261M.
What is the long-term trend for NetApp's R&D?: Over 4 years (2022 to 2026), NetApp's R&D has grown at a 3.0% compound annual growth rate (CAGR), from $881M to $991M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.