NetApp (NTAP)
Unifies enterprise storage and data management across data centers and public clouds.
$193.40
After hours+0.54 (+0.28%)
At close$192.86(−2.67%)
In millions of USD, except per-share figures
| In millions | Q2 FY24Oct 2023 | Q3 FY24Jan 2024 | Q4 FY24Apr 2024 | Q1 FY25Jul 2024 | Q2 FY25Oct 2024 | Q3 FY25Jan 2025 | Q4 FY25Apr 2025 | Q1 FY26Jul 2025 | Q2 FY26Oct 2025 | Q3 FY26Jan 2026 | Q4 FY26Apr 2026 | Q1 FY27Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,562 | 1,606 | 1,667 | 1,541 | 1,658 | 1,641 | 1,732 | 1,559 | 1,705 | 1,713 | 1,948 | 2,025 |
| Cost of revenue | 452 | 455 | 492 | 443 | 481 | 496 | 539 | 461 | 478 | 504 | 583 | 606 |
| Gross profit | 1,110 | 1,151 | 1,176 | 1,098 | 1,177 | 1,145 | 1,193 | 1,098 | 1,227 | 1,209 | 1,365 | 1,419 |
| 806 | 785 | 810 | 816 | 832 | 783 | 845 | 789 | 828 | 778 | 833 | 879 | |
| Research & development | 262 | 249 | 271 | 252 | 257 | 247 | 256 | 242 | 251 | 237 | 261 | 274 |
| 536 | 520 | 538 | 546 | 562 | 525 | 543 | 545 | 554 | 541 | 573 | 605 | |
| Selling & marketing | 461 | 439 | 460 | 471 | 485 | 451 | 458 | 461 | 465 | 455 | 488 | 507 |
| General & administrative | 75 | 81 | 78 | 75 | 77 | 74 | 85 | 84 | 89 | 86 | 85 | 98 |
| Other expenses | 8 | 16 | 1 | 18 | 13 | 11 | 46 | 2 | 23 | 0 | −1 | 0 |
| Operating income | 304 | 366 | 366 | 282 | 345 | 362 | 348 | 309 | 399 | 431 | 531 | 541 |
| 11 | 16 | 14 | 17 | 15 | 8 | 6 | −5 | −6 | 2 | −13 | −57 | |
| Interest income | 25 | 27 | 32 | 36 | 27 | 20 | 29 | 36 | 27 | 25 | 25 | 33 |
| Interest expense | 15 | 17 | 16 | 16 | 15 | 12 | 21 | 29 | 26 | 26 | 28 | 29 |
| Other non-operating income | −26 | −33 | −30 | −33 | −30 | −20 | −27 | −24 | −20 | −28 | −15 | 0 |
| Income before tax | 315 | 382 | 380 | 299 | 360 | 370 | 354 | 304 | 393 | 433 | 518 | 484 |
| Income tax expense | 82 | 69 | 89 | 51 | 61 | 71 | 14 | 71 | 88 | 99 | 114 | 109 |
| Net income from continuing operations | 233 | 313 | 291 | 248 | 299 | 299 | 340 | 233 | 305 | 334 | 404 | 375 |
| Net income | 233 | 313 | 291 | 248 | 299 | 299 | 340 | 233 | 305 | 334 | 404 | 375 |
| 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 |
| Weighted average shares, basic | 208 | 206 | 206 | 206 | 204 | 204 | 203 | 201 | 199 | 198 | 197 | 196 |
| Weighted average shares, diluted | 211 | 211 | 212 | 212 | 210 | 208 | 206 | 203 | 202 | 200 | 199 | 200 |
| EBITDA | 383 | 462 | 460 | 378 | 438 | 446 | 428 | 384 | 471 | 507 | 595 | 574 |
| Depreciation & amortization | 53 | 63 | 64 | 63 | 63 | 64 | 53 | 51 | 52 | 48 | 49 | 33 |
| EBIT | 330 | 399 | 396 | 315 | 375 | 382 | 375 | 333 | 419 | 459 | 546 | 541 |
