# NetApp, Inc.: overview

NTAP · Nasdaq · CIK 1002047 · [Technology](/sectors/technology.md) · fiscal year ends Apr 24

Pages: [Overview](/companies/ntap.md) · [Financials](/companies/ntap/financials.md) · [Filings](/companies/ntap/filings.md) · [Insiders](/companies/ntap/insiders.md)

Latest reported revenue: [$2.02bn](/filings/0001193125-26-380207.md) for Q1 FY2027, three months to 2026-07-31, from the 10-Q filed Sep 2, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-380207).

## Last eight quarters

| Line item | Unit | Q2 FY2025 (2024-10-25) | Q3 FY2025 (2025-01-24) | Q4 FY2025 (2025-04-25) | Q1 FY2026 (2025-07-25) | Q2 FY2026 (2025-10-24) | Q3 FY2026 (2026-01-23) | Q4 FY2026 (2026-04-24) | Q1 FY2027 (2026-07-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,658](/filings/0001193125-25-297237.md) | [1,641](/filings/0001193125-26-076622.md) | [1,732 d](/filings/0001193125-26-259683.md) | [1,559](/filings/0001193125-26-380207.md) | [1,705](/filings/0001193125-25-297237.md) | [1,713](/filings/0001193125-26-076622.md) | [1,948 d](/filings/0001193125-26-259683.md) | [2,025](/filings/0001193125-26-380207.md) |
| Gross margin | % | [71.0%](/filings/0001193125-25-297237.md) | [69.8%](/filings/0001193125-26-076622.md) | [68.9% d](/filings/0001193125-26-259683.md) | [70.4%](/filings/0001193125-26-380207.md) | [72.0%](/filings/0001193125-25-297237.md) | [70.6%](/filings/0001193125-26-076622.md) | [70.1% d](/filings/0001193125-26-259683.md) | [70.1%](/filings/0001193125-26-380207.md) |
| Operating margin | % | [20.8%](/filings/0001193125-25-297237.md) | [22.1%](/filings/0001193125-26-076622.md) | [20.1% d](/filings/0001193125-26-259683.md) | [19.8%](/filings/0001193125-26-380207.md) | [23.4%](/filings/0001193125-25-297237.md) | [25.3%](/filings/0001193125-26-076622.md) | [27.3% d](/filings/0001193125-26-259683.md) | [23.9%](/filings/0001193125-26-380207.md) |
| Net margin | % | [18.0%](/filings/0001193125-25-297237.md) | [18.2%](/filings/0001193125-26-076622.md) | [19.6% d](/filings/0001193125-26-259683.md) | [14.9%](/filings/0001193125-26-380207.md) | [17.9%](/filings/0001193125-25-297237.md) | [19.5%](/filings/0001193125-26-076622.md) | [20.7% d](/filings/0001193125-26-259683.md) | [18.5%](/filings/0001193125-26-380207.md) |
| Diluted EPS | $ per share | [1.42](/filings/0001193125-25-297237.md) | [1.44](/filings/0001193125-26-076622.md) | not reported | [1.15](/filings/0001193125-26-380207.md) | [1.51](/filings/0001193125-25-297237.md) | [1.67](/filings/0001193125-26-076622.md) | not reported | [1.88](/filings/0001193125-26-380207.md) |
| Free cash flow | $m | [60.0 d](/filings/0001193125-25-297237.md) | [338 d](/filings/0001193125-26-076622.md) | [640 d](/filings/0001193125-26-259683.md) | [620](/filings/0001193125-26-380207.md) | [78.0 d](/filings/0001193125-25-297237.md) | [271 d](/filings/0001193125-26-076622.md) | [900 d](/filings/0001193125-26-259683.md) | [401](/filings/0001193125-26-380207.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2022 (2022-04-29) | FY2023 (2023-04-28) | FY2024 (2024-04-26) | FY2025 (2025-04-25) | FY2026 (2026-04-24) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [6,318](/filings/0000950170-24-071327.md) | [6,362](/filings/0000950170-25-083705.md) | [6,268](/filings/0001193125-26-259683.md) | [6,572](/filings/0001193125-26-259683.md) | [6,925](/filings/0001193125-26-259683.md) |
| Gross margin | % | [66.8%](/filings/0000950170-24-071327.md) | [66.2%](/filings/0000950170-25-083705.md) | [70.7%](/filings/0001193125-26-259683.md) | [70.2%](/filings/0001193125-26-259683.md) | [70.7%](/filings/0001193125-26-259683.md) |
| Operating margin | % | [18.3%](/filings/0000950170-24-071327.md) | [16.0%](/filings/0000950170-25-083705.md) | [19.4%](/filings/0001193125-26-259683.md) | [20.3%](/filings/0001193125-26-259683.md) | [24.2%](/filings/0001193125-26-259683.md) |
| Net margin | % | [14.8%](/filings/0000950170-24-071327.md) | [20.0%](/filings/0000950170-25-083705.md) | [15.7%](/filings/0001193125-26-259683.md) | [18.0%](/filings/0001193125-26-259683.md) | [18.4%](/filings/0001193125-26-259683.md) |
| Diluted EPS | $ per share | [4.09](/filings/0000950170-24-071327.md) | [5.79](/filings/0000950170-25-083705.md) | [4.63](/filings/0001193125-26-259683.md) | [5.67](/filings/0001193125-26-259683.md) | [6.35](/filings/0001193125-26-259683.md) |
| Free cash flow | $m | [985](/filings/0000950170-24-071327.md) | [868](/filings/0000950170-25-083705.md) | [1,530](/filings/0001193125-26-259683.md) | [1,338](/filings/0001193125-26-259683.md) | [1,869](/filings/0001193125-26-259683.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ntap/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $2.93bn | 18,901,321 |  | Reduced −1,006,506 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.99bn | 12,885,538 |  | Added +397,645 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.90bn | 12,276,980 |  | Reduced −375,365 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $1.54bn | 9,921,533 |  | Reduced −101,940 |
| [PRIMECAP MANAGEMENT CO/CA/](/funds/763212.md) | 2026-06-30 | $1.40bn | 9,016,690 |  | Reduced −40,765 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $986.5m | 6,368,156 |  | Reduced −76,295 |
| [AMERIPRISE FINANCIAL INC](/funds/820027.md) | 2026-06-30 | $723.9m | 4,677,207 |  | Reduced −1,323,487 |
| [UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC](/funds/861177.md) | 2026-06-30 | $687.8m | 4,444,057 |  | Added +383,701 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $645.5m | 4,170,849 |  | New +4,170,849 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $597.4m | 3,860,019 |  | Reduced −810,702 |

## Recent filings

[All 1,719 filings](/companies/ntap/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-11 | 20:09 ET | [8-K](/filings/0001193125-26-389273.md) | 3.03 Change to security holders’ rights; 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results | 0001193125-26-389273 |
| 2026-09-02 | 20:15 ET | [10-Q](/filings/0001193125-26-380207.md) | Quarterly report, period 2026-07-31 | 0001193125-26-380207 |
| 2026-09-02 | 20:05 ET | [8-K](/filings/0001002047-26-000003.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001002047-26-000003 |
| 2026-07-28 | 21:00 ET | [DEF 14A](/filings/0001193125-26-321210.md) | Proxy statement, period 2026-09-09 | 0001193125-26-321210 |
| 2026-06-05 | 20:30 ET | [10-K](/filings/0001193125-26-259683.md) | Annual report, period 2026-04-24 | 0001193125-26-259683 |
| 2026-05-28 | 20:05 ET | [8-K](/filings/0001193125-26-245196.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-245196 |
| 2026-02-26 | 21:11 ET | [10-Q](/filings/0001193125-26-076622.md) | Quarterly report, period 2026-01-23 | 0001193125-26-076622 |
| 2026-02-26 | 21:05 ET | [8-K](/filings/0001193125-26-076545.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-076545 |
| 2026-01-12 | 21:16 ET | [8-K](/filings/0001193125-26-010401.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-010401 |
| 2025-11-25 | 21:15 ET | [10-Q](/filings/0001193125-25-297237.md) | Quarterly report, period 2025-10-24 | 0001193125-25-297237 |

## Latest annual report

[Form 10-K for the fiscal year ended Apr 24, 2026](/filings/0001193125-26-259683.md), filed Jun 5, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1002047
- Tickers: NTAP
- Exchange: Nasdaq
- SIC code: 3572 Computer Storage Devices
- State of incorporation: CA
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:29 ET. No prices; not investment advice.