What is NetApp's total cost of revenue?

NetApp (NTAP) reported total cost of revenue of $583M in Q1 2026.

How has NetApp's total cost of revenue changed year-over-year?

NetApp's total cost of revenue increased by 8.2% year-over-year, from $539M to $583M.

What is the long-term trend for NetApp's total cost of revenue?

Over 4 years (2022 to 2026), NetApp's total cost of revenue has grown at a -0.9% compound annual growth rate (CAGR), from $2.1B to $2.03B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

NetApp NTAP Total Cost of Revenue

Total Cost of Revenue at other companies

International Business MachinesIBM

$6.97B+7.0%

Backblaze, Inc.BLZE

$15.14M-1.4%

Dell TechnologiesDELL

$36.06B+95.5%

Nutanix, Inc.NTNX

$92.28M+11.2%

SnowflakeSNOW

$464.5M+33.2%

Hewlett Packard EnterpriseHPE

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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$30.32B+43.9%

Enterprise value$30.98B+42.0%

P/E23.8×+6.0×

P/S4.4×+1.2×

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

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:CostOfGoodsAndServicesSold.

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 total cost of revenue?: NetApp (NTAP) reported total cost of revenue of $583M in Q1 2026.
How has NetApp's total cost of revenue changed year-over-year?: NetApp's total cost of revenue increased by 8.2% year-over-year, from $539M to $583M.
What is the long-term trend for NetApp's total cost of revenue?: Over 4 years (2022 to 2026), NetApp's total cost of revenue has grown at a -0.9% compound annual growth rate (CAGR), from $2.1B to $2.03B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.