NetApp, Inc. (NTAP) income statement
NASDAQ · Technology · Computer Hardware · 11,700 employees · CEO George Kurian
- Price
- $199.18 -8.81%
- Market cap
- $39.1B
- Enterprise value
- $40.1B
- Last report
- Q1 '27 filed 2026-09-02
- Next report
- 2026-12-01 EPS est. $2.60
NetApp, Inc. (NTAP) reported revenue of $2.03B for Q1 '27 (+29.9% year on year), operating income of $541M (26.7% of revenue) and net income of $375M. Over the last four quarters revenue was $7.39B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.56B | $1.61B | $1.67B | $1.54B | $1.66B | $1.64B | $1.73B | $1.56B | $1.71B | $1.71B | $1.95B | $2.03B | |
| Cost of revenue | $452M | $455M | $492M | $443M | $481M | $496M | $539M | $461M | $478M | $504M | $583M | $606M | |
| Gross profit | $1.11B | $1.15B | $1.18B | $1.1B | $1.18B | $1.15B | $1.19B | $1.1B | $1.23B | $1.21B | $1.37B | $1.42B | |
| Research & development | $262M | $249M | $271M | $252M | $257M | $247M | $256M | $242M | $251M | $237M | $261M | $274M | |
| Sales & marketing | $461M | $439M | $460M | $471M | $485M | $451M | $458M | $461M | $465M | $455M | $488M | $507M | |
| General & administrative | $75M | $81M | $78M | $75M | $77M | $74M | $85M | $84M | $89M | $86M | $85M | $98M | |
| Other operating expenses | $8M | $16M | $1M | $18M | $13M | $11M | $46M | $2M | $23M | $0 | -$1M | $0 | |
| Operating expenses | $806M | $785M | $810M | $816M | $832M | $783M | $845M | $789M | $828M | $778M | $833M | $879M | |
| Operating income | $304M | $366M | $366M | $282M | $345M | $362M | $348M | $309M | $399M | $431M | $531M | $541M | |
| Interest income | $25M | $27M | $32M | $36M | $27M | $20M | $29M | $36M | $27M | $25M | $25M | $33M | |
| Interest expense | $15M | $17M | $16M | $16M | $15M | $12M | $21M | $29M | $26M | $26M | $28M | $29M | |
| Other non-operating income (gains on investments, FX ...) | -$26M | -$33M | -$30M | -$33M | -$30M | -$20M | -$27M | -$24M | -$20M | -$28M | -$15M | $0 | |
| Total non-operating income | $11M | $16M | $14M | $17M | $15M | $8M | $6M | -$5M | -$6M | $2M | -$13M | -$57M | |
| Income before tax | $315M | $382M | $380M | $299M | $360M | $370M | $354M | $304M | $393M | $433M | $518M | $484M | |
| Income tax | $82M | $69M | $89M | $51M | $61M | $71M | $14M | $71M | $88M | $99M | $114M | $109M | |
| Net income | $233M | $313M | $291M | $248M | $299M | $299M | $340M | $233M | $305M | $334M | $404M | $375M | |
| EPS (basic) | $1.12 | $1.52 | $1.41 | $1.20 | $1.47 | $1.47 | $1.67 | $1.16 | $1.53 | $1.69 | $2.05 | $1.91 | |
| EPS (diluted) | $1.10 | $1.48 | $1.37 | $1.17 | $1.42 | $1.44 | $1.65 | $1.15 | $1.51 | $1.67 | $2.03 | $1.88 | |
| Shares (basic, weighted) | 208M | 206M | 206M | 206M | 204M | 204M | 203M | 201M | 199M | 198M | 197M | 196M | |
| Shares (diluted, weighted) | 211M | 211M | 212M | 212M | 210M | 208M | 206M | 203M | 202M | 200M | 199M | 200M | |
| Depreciation & amortization | $64M | $63M | $64M | $63M | $63M | $64M | $53M | $51M | $52M | $48M | $49M | $33M | |
| EBITDA | $394M | $462M | $460M | $378M | $438M | $446M | $428M | $384M | $471M | $507M | $595M | $574M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.52B | $5.91B | $6.15B | $5.41B | $5.74B | $6.32B | $6.36B | $6.27B | $6.57B | $6.93B | |
| Cost of revenue | $2.13B | $2.21B | $2.2B | $1.79B | $1.93B | $2.1B | $2.15B | $1.84B | $1.96B | $2.03B | |
| Gross profit | $3.39B | $3.7B | $3.95B | $3.62B | $3.82B | $4.22B | $4.21B | $4.43B | $4.61B | $4.9B | |
| Research & development | $779M | $783M | $827M | $847M | $881M | $881M | $956M | $1.03B | $1.01B | $991M | |
| Sales & marketing | $1.63B | $1.73B | $1.66B | $1.59B | $1.74B | $1.86B | $1.83B | $1.83B | $1.87B | $1.87B | |
| General & administrative | $271M | $280M | $278M | $263M | $257M | $279M | $265M | $308M | $311M | $344M | |
| Other operating expenses | $8M | $0 | -$38M | -$17M | -$98M | $46M | $141M | $54M | $88M | $24M | |
| Operating expenses | $2.68B | $2.79B | $2.72B | $2.68B | $2.78B | $3.06B | $3.19B | $3.22B | $3.28B | $3.23B | |
| Operating income | $665M | $1.13B | $1.22B | $945M | $1.03B | $1.16B | $1.02B | $1.21B | $1.34B | $1.7B | |
| Interest income | $44M | $79M | $88M | $48M | $9M | $7M | $69M | $112M | $112M | $88M | |
| Interest expense | $52M | $62M | $58M | $55M | $74M | $73M | $67M | $64M | $64M | $81M | |
| Other non-operating income (gains on investments, FX ...) | -$8M | -$103M | -$105M | -$54M | -$5M | -$11M | -$115M | -$113M | -$110M | -$34M | |
| Total non-operating income | $0 | $41M | $47M | -$1M | -$69M | -$62M | $48M | $49M | $46M | -$47M | |
| Income before tax | $665M | $1.17B | $1.27B | $944M | $962M | $1.1B | $1.07B | $1.26B | $1.38B | $1.65B | |
| Income tax | $156M | $1.09B | $99M | $125M | $232M | $158M | -$208M | $277M | $197M | $372M | |
| Net income | $509M | $76M | $1.17B | $819M | $730M | $937M | $1.27B | $986M | $1.19B | $1.28B | |
| EPS (basic) | $1.85 | $0.28 | $4.60 | $3.56 | $3.29 | $4.20 | $5.87 | $4.74 | $5.81 | $6.43 | |
| EPS (diluted) | $1.81 | $0.28 | $4.51 | $3.52 | $3.23 | $4.09 | $5.79 | $4.63 | $5.67 | $6.36 | |
| Shares (basic, weighted) | 275M | 268M | 254M | 230M | 222M | 223M | 217M | 208M | 204M | 197M | |
| Shares (diluted, weighted) | 281M | 276M | 259M | 233M | 226M | 229M | 220M | 213M | 209M | 199M | |
| Depreciation & amortization | $226M | $198M | $197M | $193M | $207M | $194M | $248M | $255M | $243M | $200M | |
| EBITDA | $943M | $1.46B | $1.52B | $1.19B | $1.24B | $1.36B | $1.38B | $1.58B | $1.69B | $1.93B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-K 2026-04-24, 10-Q 2026-01-23, 10-Q 2025-10-24, 10-Q 2025-07-25, 10-K 2025-04-25, 10-Q 2025-01-24, 10-Q 2024-10-25, 10-Q 2024-07-26
Data as of 2026-11-02