NetApp, Inc.

NTAP Technology Software Infrastructure

In the quarter to July 2026, revenue grew 29.9%, EPS grew 64.7%, free cash flow fell 35.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

203.80 10.90 −5.08%
Market cap
$42.2B
P/E
28.4×
Fwd P/E
23.4×
Dividend yield
1.02%
F-score
9/9
Altman Z
2.78
Beneish M
−2.74
Dividend safety
93/100

NetApp, Inc. (NTAP) Revenue growth

Alert me on Revenue growth

NetApp, Inc.'s revenue growth over the twelve months to 31 July 2026 was 12.2%, up 6.8 percentage points from fiscal 2026 (5.37%). Over the past ten years it has ranged from −11.9% (fiscal 2020) to 9.99% (fiscal 2022); the current reading is higher than 75% of that period. That is below the Software Infrastructure industry median of 13.4% and in line with the Technology sector median of 12.0%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2026 5.37% 0.52
FY2025 4.85% 6.33
FY2024 −1.48% (2.18)
FY2023 0.70% (9.29)
FY2022 9.99% 3.86
FY2021 6.13% 18.07
FY2020 −11.9% (15.78)
FY2019 3.84% (3.95)
FY2018 7.79% 8.78
FY2017 −0.99% 8.43

Quarterly newest first

Period Revenue growth Change (points)
Jul 2026 29.9% 17.42
Apr 2026 12.5% 8.08
Jan 2026 4.39% 1.56
Oct 2025 2.83% 1.66
43 more quarters

Against its own ten years

Low −11.9% High 9.99%
Ten-year median 2.27%
Current reading's percentile 75

Revenue growth against peers

Company Revenue growth
NBIS Nebius Group N.V. compare 511.5%
CRWV CoreWeave Inc. compare 115.3%
MDB MongoDB, Inc. compare 25.5%
ZS Zscaler, Inc. compare 25.4%
TWLO Twilio Inc. compare 17.8%
NTAP NetApp, Inc. 12.2%
OKTA Okta, Inc. compare 11.2%
VRSN VeriSign, Inc. compare 6.86%
XYZ Block, Inc. compare 5.07%
Software Infrastructure industry median 13.4%
Technology sector median 12.0%
Market median 7.41%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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