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NetApp NTAP Restructuring Charges

Restructuring Charges at other companies

International Business Machines logo
International Business MachinesIBM
$336M+6.3%
Insight Enterprises logo
Insight EnterprisesNSIT
$5.8M+70.2%

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$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:RestructuringCharges.

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
Sales and marketing1,8691,8651,828
Research and development9911,0121,029
General and administrative344311308
Restructuring charges218344
Acquisition-related expense510
Total operating expenses3,2253,2763,219
Income from operations1,6741,3371,214
Other (expense) income, net(26)4649

Item 8. Financial Statements and Supplementary Data

FAQ

What is NetApp's restructuring charges?
NetApp (NTAP) reported restructuring charges of $0 in Q1 2026.
How has NetApp's restructuring charges changed year-over-year?
NetApp's restructuring charges decreased by 100.0% year-over-year, from $45M to $0.
What is the long-term trend for NetApp's restructuring charges?
Over 4 years (2022 to 2026), NetApp's restructuring charges has grown at a -9.6% compound annual growth rate (CAGR), from $33M to $22M.
What does restructuring charges mean?
One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.

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