NetApp, Inc.
NASDAQ•NTAP
CEO: Mr. George Kurian
Sector: Technology
Industry: Computer Hardware
Listing Date: 1995-11-21
NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Hybrid Cloud and Public Could. The company offers data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Astra; and storage infrastructure solutions, including NetApp All-Flash FAS, NetApp All-Flash FAS with capacity flash, NetApp All-Flash SAN Array, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp BlueXP, BlueXP Sync, BlueXP Tiering, NetApp Backup, BlueXP Compliance, and BlueXP Cache; and cloud operations services consist of NetApp Cloud Insights, Spot by NetApp, and Instaclustr. In addition, the company offers professional and support services, such as storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, and migration services. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
Contact Information
Market Cap
$19.20B
P/E (TTM)
15.8
28.5
Dividend Yield
2.1%
52W High
$126.66
52W Low
$71.84
52W Range
Rank23Top 9.4%
5.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2026 Data
Revenue
$1.71B+0.00%
4-Quarter Trend
EPS
$1.69+0.00%
4-Quarter Trend
FCF
$271.00M+0.00%
4-Quarter Trend
2026 Q3 Earnings Highlights
Key Highlights
Net Revenue Growth Net revenues reached $4.98B USD for nine months, showing 3% growth compared to the prior corresponding period.
Net Income Rises Net income totaled $872M USD for the nine months ended January 23, 2026, reflecting 3.1% growth versus prior year.
Strong Operating Cash Flow Operating cash flow provided $1.12B USD, a substantial increase from $831M provided during the comparable prior nine months.
Public Cloud Margin Expansion Public Cloud segment gross margin improved sharply to 82.8% year-to-date, driven by cost optimization and mix shift.
Risk Factors
Gross Margin Pressure Gross margins face pressure from macroeconomic volatility, competitive pricing, and rising component and logistics costs globally.
Operational System Risks Implementing the final phase of the new ERP system risks disruption to order processing and financial reporting accuracy.
Ongoing Legal Exposure Company faces ongoing patent litigation risk from non-practicing entities; unfavorable resolutions could cause significant monetary damages.
Liquidity and Financing Needs Future liquidity relies on favorable capital markets access for refinancing upcoming debt maturities or securing additional financing.
Outlook
Capital Expenditure Guidance Anticipated capital expenditures for the remainder of fiscal 2026 are projected to be between $50M and $100M USD.
Restructuring Completion Expected Restructuring activities aimed at cost reduction and resource redirection are expected to substantially complete by end of fiscal 2026.
Share Repurchase Authorization Board authorized an additional $1.1B for common stock repurchase capacity during the first quarter of fiscal 2026.
Debt Repayment Completed Successfully repaid $750M principal on 1.875% Senior Notes upon maturity in June 2025, reducing long-term debt.
Peer Comparison
Revenue (TTM)
$56.23B
$31.11B
$26.84B
Gross Margin (Latest Quarter)
88.5%
85.1%
82.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ASX | $45.77B | 35.9 | 12.8% | 29.7% |
| TDY | $30.36B | 34.1 | 8.6% | 17.3% |
| JBL | $26.93B | 38.4 | 51.1% | 17.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.4%
Flat Growth
4Q Net Income CAGR
-0.6%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 28, 2026
EPS:$2.27
|Revenue:$1.86B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data