NetApp (NTAP) financials
NetApp revenue and earnings by year
NetApp's revenue was $6.92 billion in the fiscal year to April 24, 2026, up 5.4% from the year before. Net income was $1.28 billion, 18.4% of revenue. Since the fiscal year to April 28, 2017, revenue has grown 2.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.93 | 6.57 | 6.27 | 6.36 | 6.32 | 5.74 | 5.41 | 6.15 | 5.92 | 5.49 |
| Revenue growth | 5.4% | 4.9% | -1.5% | 0.7% | 10.0% | 6.1% | -11.9% | 3.8% | 7.8% | — |
| Gross profit | 4.90 | 4.61 | 4.43 | 4.21 | 4.22 | 3.82 | 3.62 | 3.95 | 3.71 | 3.36 |
| Gross margin | 70.7% | 70.2% | 70.7% | 66.2% | 66.8% | 66.4% | 66.9% | 64.2% | 62.7% | 61.3% |
| Operating income | 1.67 | 1.34 | 1.21 | 1.02 | 1.16 | 1.03 | 0.95 | 1.22 | 1.16 | 0.62 |
| Operating margin | 24.2% | 20.3% | 19.4% | 16.0% | 18.3% | 17.9% | 17.5% | 19.9% | 19.6% | 11.3% |
| Net income | 1.28 | 1.19 | 0.99 | 1.27 | 0.94 | 0.73 | 0.82 | 1.17 | 0.12 | 0.48 |
| Net margin | 18.4% | 18.0% | 15.7% | 20.0% | 14.8% | 12.7% | 15.1% | 19.0% | 2.0% | 8.8% |
| Diluted EPS | $6.35 | $5.67 | $4.63 | $5.79 | $4.09 | $3.23 | $3.52 | $4.51 | $0.42 | $1.71 |
| Free cash flow | 1.87 | 1.34 | 1.53 | 0.87 | 0.99 | 1.12 | 1.03 | 1.17 | 1.41 | 0.81 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NTAP in Markets.
How NetApp makes money
Revenue by segment in the quarter to July 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| All Flash Revenues | $1.31B | 64.6% |
| Hybrid Flash & Other Revenues | $510M | 25.2% |
| Public Cloud | $206M | 10.2% |
See also: NTAP valuation and P/E history · NTAP returns
No forecast, no recommendation. This page describes NetApp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.