NetApp, Inc. (NTAP) Financial Statements

NetApp, Inc.

NTAP · NASDAQ-GS

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Total Revenue	$6.92B	$6.57B	$6.27B	$6.36B	$6.32B	$5.74B	$5.41B	$6.15B
Cost of Revenue	$2.03B	$1.96B	$1.83B	$2.15B	$2.10B	$1.93B	$1.79B	$2.20B
Gross Profit	$4.90B	$4.61B	$4.43B	$4.21B	$4.22B	$3.81B	$3.62B	$3.94B
Research & Development	$991.00M	$1.01B	$1.03B	$956.00M	$881.00M	$881.00M	$847.00M	$827.00M
Selling, General & Administrative	$344.00M	$311.00M	$308.00M	$265.00M	$279.00M	$257.00M	$263.00M	$278.00M
Operating Expenses	$3.23B	$3.28B	$3.22B	$3.19B	$3.06B	$2.78B	$2.68B	$2.72B
Operating Income	$1.67B	$1.34B	$1.21B	$1.02B	$1.16B	$1.03B	$945.00M	$1.22B
Interest Expense	—	—	$64.00M	$67.00M	$73.00M	$74.00M	$55.00M	$58.00M
Other Income / (Expense)	-$26.00M	$46.00M	$49.00M	$48.00M	-$62.00M	-$69.00M	-$1.00M	$47.00M
Income Before Taxes	$1.65B	$1.38B	$1.26B	$1.07B	$1.09B	$962.00M	$944.00M	$1.27B
Provision for Income Taxes	$372.00M	$197.00M	$277.00M	-$208.00M	$158.00M	$232.00M	$125.00M	$99.00M
Net Income	$1.28B	$1.19B	$986.00M	$1.27B	$937.00M	$730.00M	$819.00M	$1.17B
Basic EPS	$6.41	$5.81	$4.74	$5.87	$4.20	$3.29	$3.56	$4.60
Diluted EPS	$6.35	$5.67	$4.63	$5.79	$4.09	$3.23	$3.52	$4.51
Basic Shares Outstanding	199.00M	204.00M	208.00M	217.00M	223.00M	222.00M	230.00M	254.00M
Diluted Shares Outstanding	201.00M	209.00M	213.00M	220.00M	229.00M	226.00M	233.00M	259.00M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Apr 2027	$7.16	$7.05	$7.33	7	↑0 ↓0
Apr 2028	$7.94	$7.23	$8.51	8	↑0 ↓1
Apr 2029	$8.71	$8.71	$8.71	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: NTAP
Type: Stock
Sector: Technology
Industry: Electronic Components
Country: North America
Exchange: NASDAQ-GS

For more than three decades, NetApp has helped the world's leading organizations navigate change - from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth. At the heart of that infrastructure is the NetApp data platform - the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale. Disaggregated by design, the NetApp data platform separates storage, services, and control so enterprises can modernize faster, scale efficiently, and innovate without lock-in.

Key Issues

Bullish view

FY2026 revenue rose to $6.9 billion from $6.6 billion, while net income increased to $1.3 billion from $1.2 billion, supporting the case that improving financial performance can justify stronger valuation.

Bearish view

The stock reached $190.46, above the disclosed $180 consensus mean target and BNK Invest's $177.24 average target, suggesting valuation has moved ahead of the targets available in the evidence.

Analyst Consensus

See all

Hold

19 analysts

$190

Current

—

Low

$180

Average

—

High

Average target implies -5.20% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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