NetApp, Inc.
NTAP- Exchange
- Nasdaq
- Industry
- Computer Storage Devices
- SEC CIK
- 0001002047
In the last 90 days, NetApp, Inc. insiders filed 0 open-market purchases and 13 sales; 973 institutions reported holding it in 13F filings for Q2 2026, worth $30.0B in total; Maverick Capital is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 12:05 PM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2026! | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Apr 24, 2026 | Apr 25, 2025 | Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | May 28, 2026 | May 29, 2025 | May 30, 2024 | May 31, 2023 | Jun 1, 2022 |
| Revenue | $6.24B | $6.57B | $6.27B | $6.36B | $6.32B |
| Cost of revenue | $2.03B | $1.96B | $1.83B | $2.15B | $2.10B |
| Gross profit | $4.90B | $4.61B | $4.43B | $4.21B | $4.22B |
| Operating expenses | $3.23B | $3.28B | $3.22B | $3.19B | $3.06B |
| Research and development | $991.0M | $1.01B | $1.03B | $956.0M | $881.0M |
| Selling, general and administrative | $344.0M | $311.0M | $308.0M | $265.0M | $279.0M |
| Operating income | $1.67B | $1.34B | $1.21B | $1.02B | $1.16B |
| Interest expense | – | – | $64.0M | $67.0M | $73.0M |
| Income tax | $372.0M | $197.0M | $277.0M | -$208.0M | $158.0M |
| Net income | $1.28B | $1.19B | $986.0M | $1.27B | $937.0M |
| EPS, basic | $6.41 | $5.81 | $4.74 | $5.87 | $4.20 |
| EPS, diluted | $6.35 | $5.67 | $4.63 | $5.79 | $4.09 |
| Weighted shares, basic | 199.0M | 204.0M | 208.0M | 217.0M | 223.0M |
| Weighted shares, diluted | 201.0M | 209.0M | 213.0M | 220.0M | 229.0M |
| Margins and growth | |||||
| Gross margin | 78.5% | 70.2% | 70.7% | 66.2% | 66.8% |
| Operating margin | 26.8% | 20.3% | 19.4% | 16.0% | 18.3% |
| Net margin | 20.5% | 18.0% | 15.7% | 20.0% | 14.8% |
| Revenue growth, year over year | −5.1% | +4.9% | −1.5% | +0.7% | +10.0% |
| Net income growth, year over year | +7.6% | +20.3% | −22.6% | +36.0% | +28.4% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Apr 24, 2026 | Apr 25, 2025 | Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | May 28, 2026 | May 29, 2025 | May 30, 2024 | May 31, 2023 | Jun 1, 2022 |
| Cash and equivalents | $2.07B | $2.74B | $1.90B | $2.32B | $4.11B |
| Short-term investments | $1.51B | $1.10B | $1.35B | $754.0M | $22.0M |
| Accounts receivable | $1.29B | $1.25B | $1.01B | $987.0M | $1.23B |
| Inventory | $198.0M | $186.0M | $186.0M | $167.0M | $204.0M |
| Total current assets | $5.78B | $5.85B | $4.90B | $4.68B | $5.95B |
| Property, plant and equipment | $592.0M | $563.0M | $604.0M | $650.0M | $602.0M |
| Goodwill | $2.77B | $2.72B | $2.76B | $2.76B | $2.35B |
| Intangible assets | $22.0M | $43.0M | $124.0M | $181.0M | $142.0M |
| Total assets | $10.7B | $10.8B | $9.89B | $9.82B | $10.0B |
| Accounts payable | $550.0M | $511.0M | $517.0M | $392.0M | $607.0M |
| Short-term debt | $0 | $750.0M | $400.0M | $0 | $250.0M |
| Total current liabilities | $4.02B | $4.66B | $4.11B | $3.47B | $3.95B |
| Long-term debt | $2.49B | $2.48B | $1.99B | $2.39B | $2.39B |
| Total liabilities | $9.39B | $9.78B | $8.74B | $8.66B | $9.19B |
| Shareholders' equity | $1.35B | $1.04B | $1.15B | $1.16B | $838.0M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Apr 24, 2026 | Apr 25, 2025 | Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | May 28, 2026 | May 29, 2025 | May 30, 2024 | May 31, 2023 | Jun 1, 2022 |
| Operating cash flow | $2.07B | $1.51B | $1.69B | $1.11B | $1.21B |
| Capital expenditures | $198.0M | $168.0M | $155.0M | $239.0M | $226.0M |
| Free cash flow | $1.87B | $1.34B | $1.53B | $868.0M | $985.0M |
| Depreciation and amortization | $179.0M | $196.0M | $198.0M | $181.0M | $148.0M |
| Stock-based compensation | $382.0M | $386.0M | $357.0M | $312.0M | $245.0M |
| Dividends paid | $413.0M | $424.0M | $416.0M | $432.0M | $446.0M |
| Share buybacks | $950.0M | $1.15B | $900.0M | $850.0M | $600.0M |
| Investing cash flow | -$595.0M | $147.0M | -$735.0M | -$1.39B | -$561.0M |
| Financing cash flow | -$2.15B | -$828.0M | -$1.34B | -$1.51B | -$1.02B |
| Net change in cash | -$674.0M | $840.0M | -$413.0M | -$1.80B | -$416.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 6.1% | 5.9% | 5.7% | 4.9% | 3.9% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Aug 28, 2026 | 196.4M | −1.6% | SEC |
| May 28, 2026 | 195.9M | −2.2% | SEC |
| Feb 20, 2026 | 197.3M | −3.0% | SEC |
| Nov 21, 2025 | 198.1M | −2.6% | SEC |
| Aug 22, 2025 | 199.6M | −2.5% | SEC |
| May 29, 2025 | 200.4M | −2.6% | SEC |
| Feb 21, 2025 | 203.4M | +885.6% | SEC |
| Nov 21, 2024 | 203.3M | −1.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.