What is NetApp's share buybacks?

NetApp (NTAP) reported share buybacks of $200M in Q1 2026.

How has NetApp's share buybacks changed year-over-year?

NetApp's share buybacks decreased by 20.0% year-over-year, from $250M to $200M.

What is the long-term trend for NetApp's share buybacks?

Over 4 years (2022 to 2026), NetApp's share buybacks has grown at a 12.2% compound annual growth rate (CAGR), from $600M to $950M.

What does share buybacks mean?

Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.

NetApp NTAP Share Buybacks

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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:PaymentsForRepurchaseOfCommonStock.

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 share buybacks?: NetApp (NTAP) reported share buybacks of $200M in Q1 2026.
How has NetApp's share buybacks changed year-over-year?: NetApp's share buybacks decreased by 20.0% year-over-year, from $250M to $200M.
What is the long-term trend for NetApp's share buybacks?: Over 4 years (2022 to 2026), NetApp's share buybacks has grown at a 12.2% compound annual growth rate (CAGR), from $600M to $950M.
What does share buybacks mean?: Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.