NetApp, Inc.

NetApp, Inc.

NTAP
NetApp, Inc.US flagNASDAQ Global Select
203.80
USD
-10.90
- -
40.03BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
18.59
19.41
18.86
19.97
22.09
24.2
23.53
25.87
28.33
29.32
30.13
32.22
34.8
37.42
Basic EPS, GAAP
1.87
1.77
0.78
1.75
0.43
4.6
3.56
3.29
4.2
5.87
4.74
5.81
6.41
7.18
Free Cash Flow per Basic Share
3.32
3.46
2.77
2.95
4.97
4.6
4.07
5.27
4.42
4
7.36
6.56
9.39
8.35
Dividend per Share
0.59
0.66
0.71
0.76
0.8
1.59
1.91
1.92
2
1.99
2
2.08
2.08
2.08
Book Value per Share
11.67
11.15
10.25
10.33
8.65
4.54
1.11
3.09
3.81
5.47
5.55
5.17
6.89
7.63
Tangible Book Value per Share
8.25
7.5
3.65
3.59
1.68
-2.88
-7.21
-6.55
-7.5
-8.4
-8.42
-8.59
-7.36
-7.44
Basic Weighted Avg Shares
340
316
294
275
268
254
230
222
223
217
208
204
199
198
Sales/Revenue/Turnover
6,325
6,123
5,546
5,491
5,919
6,146
5,412
5,744
6,318
6,362
6,268
6,572
6,925
7,391
Operating Margin (%)
13
11.69
7.45
12.07
15.88
19.25
17.15
16.24
19.04
18.22
20.23
21.68
24.48
26.03
Depreciation Expense
334
307
279
226
198
197
193
207
194
248
255
243
200
182
Net Income, GAAP
638
560
229
481
116
1,169
819
730
937
1,274
986
1,186
1,276
1,418
Effective Tax Rate (%)
13.9
21.46
33.62
22.54
90.33
7.81
13.24
24.12
14.43
- -
21.93
14.24
22.57
22.43
Profit Margin (%)
10.09
9.15
4.13
8.76
1.96
19.02
15.13
12.71
14.83
20.03
15.73
18.05
18.43
19.19
Working Capital
3,777
4,064
2,786
2,076
3,421
1,743
658
2,549
1,992
1,213
791
1,189
1,755
1,104
LT Debt
990
1,487
1,490
744
1,541
1,144
1,239
2,703
2,643
2,637
2,212
2,701
2,691
1,938
Total Equity
3,786
3,414
2,881
2,780
2,276
1,090
242
685
838
1,159
1,146
1,040
1,351
1,495
Return on Invested Capital (%)
12.06
11.62
5.41
10.13
2
30.79
32.62
25.79
28.54
- -
25.91
28.84
29.86
38.39
Return on Capital (%)
11.39
12.25
5.16
10.28
2.68
34.51
35.11
28.63
27.71
- -
27.12
29.8
31.58
38.78
Return on Common Equity (%)
15
15.55
7.28
16.99
4.59
69.46
122.97
157.5
123.05
127.59
85.55
108.51
106.73
114.82

Capital Structure

FRC

•

in mil. unless spec.
Jan'26
Apr'26
Jul'27
ST Debt
41
42
596
LT Borrowings
2,486
2,487
1,938
LT Finance Leases
207
204
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
198
196
196
Market Capitalization
19,077
21,711
34,986

Working Capital

FRC

•

in mil. unless spec.
Jan'26
Apr'26
Jul'27
Total Current Assets
4,996
5,776
5,672
Cash, Cash Equivalents & STI
3,008
3,584
3,576
Accounts Receivable, Net
1,314
1,286
966
Inventories
109
198
375
Total Current Liabilities
3,594
4,021
4,568
Payables & Accruals
413
579
593
ST Debt
41
42
596
Deferred Revenue
2,273
2,320
2,252

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.17%
16.04%
29.9%
Free Cash Flow
13.25%
15.13%
39.69%
Net Income, GAAP
97.07%
13.92%
7.59%
Sales/Revenue/Turnover
2.43%
3.89%
5.37%
Total Cash Common Dividend
9.34%
-0.61%
-2.59%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,541
1,658
1,641
1,732
6,572
2026
1,559
1,705
1,713
1,948
6,925
2027
2,025
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.2
1.47
1.47
1.67
5.81
2026
1.16
1.53
1.69
2.05
6.41
2027
1.91
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.52
0.52
0.52
0.52
2.08
2026
0.52
0.52
0.52
0.52
2.08
2027
0.52
- -
- -
- -
- -

Company Description

CEO
George Kurian
Full Time Employees
11,700
Sector
Technology
Industry
Computer Hardware
Address
3060 Olsen Drive San Jose CA United States of America 95128
IPO Date
Nov 21, 1995
Website
netapp.com
Business
NetApp, Inc. (NTAP) provides unified data storage, integrated data services, and cloud operations solutions to enterprise customers worldwide. The company, founded in 1992 and headquartered in San Jose, California, offers a comprehensive portfolio of hardware and software including all-flash arrays such as All Flash FAS (AFF), hybrid flash systems, disaggregated storage architectures; ONTAP data management software for file, block, and object storage; cloud data services via platforms like Astra for control and automation across hybrid and multi-cloud environments; and specialized solutions for AI workloads, ransomware protection, cybersecurity, virtualization, and enterprise applications integrated with public cloud providers including AWS, Azure, and Google Cloud. NetApp serves enterprises, government agencies, and universities with operations spanning the United States, Europe, and Asia-Pacific regions through its global network of partners and direct sales. In recent developments, NetApp strengthens its hybrid cloud strategy through expanded partnerships, including deepened collaboration with Cisco on FlexPod XCS converged infrastructure, integration with AWS AI services for enterprise data workflows, and technology alliances with Lenovo for OEM storage systems; the company also reports robust growth in all-flash array annual recurring revenue, reaching $3.8 billion in its fiscal third quarter 2025, alongside 33% year-over-year cloud revenue increase driven by AI momentum and public cloud services expansion. Additionally, Flexera acquired NetApp's FinOps Spot business in early 2025 for $100 million to enhance cloud cost management capabilities, reflecting ongoing portfolio optimization amid rising demand for intelligent data infrastructure.

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