NetApp (NTAP): financials, SEC filings and peers
NetApp (NTAP) is a technology hardware, storage & peripherals company in the Information Technology sector of the S&P 500, headquartered in San Jose, California.
It was founded in 1992 and joined the S&P 500 on June 25, 1999.
Its fiscal year ends in April, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Computer Storage Devices”.
NetApp at a glance
- Revenue (12 months)
- $7.2B
- Revenue growth
- +11.8%
- Operating margin
- 25.7%
- Net income (12 months)
- $1.4B
- Free cash flow (12 months)
- $1.6B
- Cash
- $1.6B
- Debt
- $2.5B
- Diluted EPS (12 months)
- $7.09
Twelve months to July 31, 2026, from the 10-Q filed September 2, 2026.
Latest twelve months
Over the twelve months to July 31, 2026, NetApp reported revenue of $7.2 billion, up 11.8% from a year earlier.
Its operating margin was 25.7%, up 4.5 percentage points from a year earlier: for every $100 of sales, about $26 was left as operating profit.
Net income was $1.4 billion (19.7% of revenue), 21.1% higher than a year earlier.
Operating cash flow was $1.9 billion and capital spending $247 million, leaving free cash flow of $1.6 billion (23.0% of revenue).
At the end of the period it held $1.6 billion in cash and $2.5 billion in debt, a net debt position of $915 million.
The diluted share count fell 1.5% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $5.7 billion in fiscal 2021 to $6.2 billion in fiscal 2026, about 1.7% a year.
- Operating margin widened from 17.9% to 26.8% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.4B | $5.7B | $5.9B | $6.2B |
| Revenue growth | 10.0% | 0.7% | -11.1% | 4.4% | 5.6% |
| Operating margin | 18.3% | 16.0% | 21.5% | 22.6% | 26.8% |
| Net income | $937M | $1.3B | $986M | $1.2B | $1.3B |
| Free cash flow | $985M | $868M | $1.5B | $1.3B | $1.9B |
| Diluted EPS | $4.09 | $5.79 | $4.63 | $5.67 | $6.35 |
Fiscal years as reported in NetApp’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
Companies like NetApp
Other S&P 500 companies in Technology Hardware, Storage & Peripherals:
- AAPLApple Inc.Cupertino, California
- DELLDell TechnologiesRound Rock, Texas
- HPEHewlett Packard EnterpriseHouston, Texas
- HPQHP Inc.Palo Alto, California
- PEverpureSanta Clara, California
- SMCISupermicroSan Jose, California
- SNDKSandiskMilpitas, California
- STXSeagate TechnologyDublin, Ireland
More from Information Technology
Questions about NetApp
Is NetApp's revenue growing?
Yes. Revenue for the twelve months to July 31, 2026 was $7.2 billion, up 11.8% from a year earlier, according to its SEC filings.
Is NetApp profitable?
Yes. It earned $1.4 billion in net income over the twelve months to July 31, 2026, a net margin of 19.7%.
Does NetApp have more cash or more debt?
At July 31, 2026 it had $1.6 billion in cash and $2.5 billion in debt, so more debt than cash.
When did NetApp last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on September 2, 2026.
Which companies are similar to NetApp?
In the S&P 500, NetApp is grouped in Technology Hardware, Storage & Peripherals within the Information Technology sector. Apple Inc. (AAPL), Dell Technologies (DELL), Hewlett Packard Enterprise (HPE), HP Inc. (HPQ), Everpure (P) are in the same group.
Understand the numbers
Source: NetApp’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.