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Nasdaq · Technology

NetApp, Inc. (NTAP)

As-reported financials and recent SEC filings for NetApp, Inc., latest fiscal period FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About NetApp, Inc.

NetApp, Inc. provides data infrastructure solutions that help organizations manage, protect, and leverage data across on-premises, hybrid, and multi-cloud environments. Its main products include ONTAP data management software and a portfolio of all-flash, hybrid-flash, and cloud-native storage solutions. NetApp serves enterprises worldwide, supporting workloads such as AI, data protection, and cloud integration.

Snapshot

Revenue
$6.92B
Revenue growth (YoY)
5.4%
Net income
$1.28B
Diluted EPS
$6.35
Gross margin
70.7%
Operating margin
24.2%
Net margin
18.4%
FCF margin
27.0%
ROE
94.4%
P/E (TTM)
26.7×
Market cap
$33.27B
Debt / equity
1.8×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at NetApp

  • Revenue grew 5.4% to $6.9B in FY2026, in line with the 4.9% the year before.
  • Operating margin is 24.2% in FY2026, +5.9 pp against 18.3% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $1.3B, up 18.1% from Q4 FY2025.
  • Free cash flow was $1.9B in FY2026, 27.0% of revenue.
  • Net income rose 7.6% to $1.3B in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where NetApp’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin70.7%
75th percentile of 507
Operating margin24.2%
89th percentile of 562
Net margin18.4%
83rd percentile of 576
FCF margin27.0%
86th percentile of 541
Revenue growth (YoY)+5.4%
38th percentile of 616
ROE94.4%
98th percentile of 536
P/E (TTM)26.7×
44th percentile of 332
Debt / equity1.84×
89th percentile of 276
Short interest3.90d
53rd percentile of 623

NetApp’s return on equity of 94.4% ranks in the 98th percentile of the 536 Technology companies reporting it. NetApp’s operating margin of 24.2% ranks in the 89th percentile of the 562 Technology companies reporting it. NetApp’s debt to equity of 1.84 ranks in the 89th percentile of the 276 Technology companies reporting it.

No open-market insider buys in the last 90 days; 10 insider sales totaling $9.5M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
6
5 trimmed, 1 exited
Combined position
$366.0M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$132.7M1.3MReduced
Millennium ManagementquantQ1 2026$75.8M739.9KAdded
Two Sigma InvestmentsquantQ1 2026$64.1M625.7KReduced
Gotham Asset ManagementQ1 2026$62.8M613.6KAdded
D. E. ShawquantQ1 2026$12.0M117.0KReduced
Bridgewater AssociatesQ1 2026$11.4M111.5KReduced
Citadel AdvisorsquantQ1 2026$7.3M70.9KReduced

No longer held by: Renaissance Technologies (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
10
$9.5M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-10
filed 2026-07-14
O'Callahan Elizabeth MEVP, Chief Admin. OfficerSell1.0K$170.92$171K
2026-06-23
filed 2026-06-25
CERNUDA CESARPresidentSell15.6K$155.29$2.4M
2026-06-23
filed 2026-06-25
CERNUDA CESARPresidentSell14.9K$154.01$2.3M
2026-06-23
filed 2026-06-25
CERNUDA CESARPresidentSell13.3K$155.94$2.1M
2026-06-23
filed 2026-06-25
CERNUDA CESARPresidentSell5.6K$153.00$861K
2026-06-10
filed 2026-06-12
O'Callahan Elizabeth MEVP, Chief Admin. OfficerSell1.0K$163.48$163K
2026-06-03
filed 2026-06-05
HELD GERALDDirectorSell7.1K$180.00$1.3M
2026-06-01
filed 2026-06-03
De Lorenzo DanielVP, Controller & CAOSell225$171.09$38K
2026-05-18
filed 2026-05-20
De Lorenzo DanielVP, Controller & CAOSell275$120.00$33K
2026-05-11
filed 2026-05-13
O'Callahan Elizabeth MEVP, Chief Admin. OfficerSell1.0K$117.73$118K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
12.9M
settled 2026-07-15
Change vs prior
-14.4%
vs previous settlement
Days to cover
3.90
at avg daily volume
Avg daily volume
3.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1512.9M-14.4%3.90
2026-06-3015.0M-12.4%4.72
2026-06-1517.2M-20.1%5.28
2026-05-2921.5M-10.3%3.99
2026-05-1523.9M+11.1%10.61
2026-04-3021.5M+10.1%10.40
2026-04-1519.6M+3.4%10.26
2026-03-3118.9M+2.3%7.33

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$6.92B$6.57B$6.27B$6.36B$6.32B
Gross profit$4.90B$4.61B$4.43B$4.21B$4.22B
Operating income$1.67B$1.34B$1.21B$1.02B$1.16B
Net income$1.28B$1.19B$986.0M$1.27B$937.0M
Diluted EPS$6.35$5.67$4.63$5.79$4.09

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$2.07B$1.51B$1.69B$1.11B$1.21B
Capital expenditure$198.0M$168.0M$155.0M$239.0M$226.0M
Free cash flow$1.87B$1.34B$1.53B$868.0M$985.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$1.26B18.1%$404.0M$2.04
Q3 FY2026$1.71B4.4%$334.0M$1.67
Q2 FY2026$1.71B2.8%$305.0M$1.51
Q1 FY2026$1.56B1.2%$233.0M$1.15
Q4 FY2025$1.07B0.9%$340.0M$1.65
Q3 FY2025$1.64B2.2%$299.0M$1.44
Q2 FY2025$1.66B6.1%$299.0M$1.42
Q1 FY2025$1.54B7.6%$248.0M$1.17

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryComputer Storage Devices
Fiscal year endApril 30
Latest fiscal periodFY2026
SEC filings since2015
SEC CIK1002047

Recent SEC filings

10-K2026-06-05
View on EDGAR →
10-K2025-06-09
View on EDGAR →
10-Q2026-02-26
View on EDGAR →
10-Q2025-11-25
View on EDGAR →
10-Q2025-08-27
View on EDGAR →
10-Q2025-02-27
View on EDGAR →
8-K2026-05-28
View on EDGAR →
8-K2026-02-26
View on EDGAR →

Largest Technology peers

All Technology companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.