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NetApp NTAP Total Operating Expenses

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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

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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:OperatingExpenses.

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 operating expenses?
NetApp (NTAP) reported total operating expenses of $833M in Q1 2026.
How has NetApp's total operating expenses changed year-over-year?
NetApp's total operating expenses decreased by 1.4% year-over-year, from $845M to $833M.
What is the long-term trend for NetApp's total operating expenses?
Over 4 years (2022 to 2026), NetApp's total operating expenses has grown at a 1.3% compound annual growth rate (CAGR), from $3.06B to $3.23B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.