Stock research

NetApp, Inc. (NTAP) Stock Research

NetApp provides data-storage hardware and software that manage information across on-premises and cloud environments.

For the fiscal year ended April 24, 2026, NetApp, Inc. reported revenue of $6.2B and net income of $1.3B, with operating cash flow of $2.1B. Source: Form 10-K filed June 5, 2026

SEC data as of

Revenue
$6.2B
FY ending 2026-04-24
Net income
$1.3B
FY ending 2026-04-24
Diluted EPS
$6.35
Net margin
20.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

Loading delayed market data…

Delayed Cboe One market data via TradingView. It may differ from primary-exchange or consolidated quotes.

About NetApp

Exchange
NASDAQ: NTAP
Sector
Information Technology
SEC industry
Computer Storage Devices (SIC 3572)
Fiscal year end
April 24

NTAP key financials

Reported figures from NetApp, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$6.2B2025-04-26 – 2026-04-24SEC filing
Net income$1.3B2025-04-26 – 2026-04-24SEC filing
Operating cash flow$2.1B2025-04-26 – 2026-04-24SEC filing
Diluted EPS$6.352025-04-26 – 2026-04-24SEC filing
Net margin20.5%2025-04-26 – 2026-04-24SEC filing
Shares outstanding198MAs of 2025-11-21SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in NTAP

NetApp, Inc. sits in Information Technology. Semiconductors, software, and hardware — the companies building the digital and AI infrastructure the rest of the economy runs on. We have not yet written company-specific drivers for NTAP; the forces that matter most for the sector are:

  • ◆The AI capital-expenditure cycle
  • ◆Interest rates and the cost of long-duration growth
  • ◆Enterprise IT budgets and cloud migration
  • ◆Export controls and the US–China chip race

Key questions for the NTAP thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does NTAP's reported profit turn into cash?

Operating cash flow was $2.1B, 1.62 times net income of $1.3B, for the fiscal year ended April 24, 2026.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed June 5, 2026

How much of NTAP's revenue is left as profit?

Net income was 20.5% of revenue for the fiscal year ended April 24, 2026, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed June 5, 2026

When does NetApp, Inc.'s fiscal year end?

The SEC lists NetApp, Inc.'s fiscal year end as April 24, not December 31. The latest annual figures here run from April 26, 2025 to April 24, 2026.

Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.

Form 10-K filed June 5, 2026

Members-only research

What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

Read the full research

Congressional trading in NTAP

PoliticianTrade dateTypeOwnerAmountSource
John Boozman2026-02-27PurchaseJoint$1,001 - $15,000Filing #141ea86c-9411-4d3f-ae9b-ce6e5e8065d1

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

NTAP — frequently asked questions

What does NetApp, Inc. do?

NetApp provides data-storage hardware and software that manage information across on-premises and cloud environments.

What were NTAP's latest reported annual revenue and net income?

For the fiscal year ended April 24, 2026, NetApp, Inc. reported revenue of $6.2B and net income of $1.3B, with operating cash flow of $2.1B. The figures come from NetApp, Inc.'s SEC XBRL filings.

When does NetApp, Inc.'s fiscal year end?

The SEC lists NetApp, Inc.'s fiscal year end as April 24.

Do members of Congress trade NTAP?

The current verified House and Senate snapshot contains 1 transaction row for NTAP, each linked to the original filing.

Is NTAP a good investment?

This page does not rate NTAP as a buy or sell. It sets out what NetApp, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the NTAP numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included