Wednesday 28 October 2026 Export NTAP’s income statement to Excel — free account

NetApp, Inc.

NetApp, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $6.9 billion, up 5.37% from fiscal 2025. 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.

227.72 5.64 +2.54%

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Market cap: $44.7B
P/E: 31.7×
Fwd P/E: 27.7×
Dividend yield: 0.91%
F-score: 9/9
Altman Z: 2.78
Beneish M: −2.74
Dividend safety: 93/100

Overview Business Profile Earnings & Analysis Segments Filings

NetApp, Inc. (NTAP) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by segment, and margins
All-flash revenues	4,178	60.33%
Hybrid-flash and other revenues	2,059	29.73%
Public Cloud Segment	688	9.94%
Gross margin		70.74%
Operating margin		24.17%
Pre-tax margin		23.80%

Revenue by product or service $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Support	2,636 38.06%	2,512 38.22%	2,488 39.69%	2,419 38.02%	2,344 37.10%	2,277 39.64%	2,114 39.06%	—	—	—
Public Cloud	688 9.94%	665 10.12%	611 9.75%	575 9.04%	396 6.27%	199 3.46%	62 1.15%	—	—	—
Professional and Other Services	407 5.88%	355 5.40%	320 5.11%	319 5.01%	294 4.65%	277 4.82%	241 4.45%	263 4.28%	278 4.70%	268 4.88%
Hardware Support Contracts	—	—	—	—	—	—	—	1,182 19.23%	1,214 20.51%	1,258 22.91%
Software Support	—	—	—	—	—	—	—	946 15.39%	902 15.24%	905 16.48%
Mature Product Revenues	—	—	—	—	—	—	—	—	1,816 30.68%	1,060 19.30%
Strategic Product Revenues	—	—	—	—	—	—	—	—	1,709 28.87%	2,000 36.42%
Hardware Support And Other Services	—	—	—	—	—	—	—	1,445	1,492	1,526
Product	—	—	—	—	—	—	—	—	3,525	3,060
Service	3,731	3,532	3,419	3,313	3,034	2,753	2,417	—	—	—
Revenue	6,925	6,572	6,268	6,362	6,318	5,744	5,412	6,146	5,919	5,491

Gross profit by product or service $m, and margin

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Product	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Hardware Support And Other Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Software Support	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
All-flash revenues	4,178 60.33%	3,763 57.26%	3,262 52.04%	—	—	—	—
Hybrid-flash and other revenues	2,059 29.73%	2,144 32.62%	2,395 38.21%	—	—	—	—
Public Cloud Segment	688 9.94%	665 10.12%	611 9.75%	575 9.04%	396 6.27%	199 3.46%	62 1.15%
Hybrid Cloud Segment	6,237	5,907	5,657	—	—	—	—
Revenue	6,925	6,572	6,268	6,362	6,318	5,744	5,412

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
All-flash array ARR	Q3 FY2026	$4.2B	$3.8B	+10.53%
Billings	Q4 FY2026	$2.2B	$2.0B	+6.55%
DPO	Q1 FY2027	92.00	80.00	+15.00%
DSO	Q1 FY2027	47.00	46.00	+2.17%
Inventory Turns	Q1 FY2027	6.0×	14.0×	−57.14%

	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024
All-flash array ARR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Billings	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
DPO	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
DSO	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Inventory Turns	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.