NetApp, Inc. logo

NetApp, Inc.

NTAP

NASDAQTechnologyComputer Hardware

Previous close

$192.27

−$0.54 · -0.28%

Aug 21, 4:00 PM ET

Pre-market

$192.25

−$0.02 · -0.01%

Aug 24, 7:05 AM ET

NTAP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

79

Undervalued

Momentum

73

Gaining

Sentiment

60

Mixed

Risk resilience

54

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.

Industry
Computer Hardware
Sector
Technology
Headquarters
US
CEO
George Kurian
Listed since
Nov 21, 1995
Employees
11,700

Market position

Day range

Current $192.27

52-week range

Current $192.27

Open
$195.19
Previous close
$192.81
Volume
1.61M
0.55× average
Average volume
2.94M
Average daily volume
Market cap
37.73B USD
Beta
1.43
Market reference 1
50-day average
$173.1
+11.08% above average
200-day average
$126.87
+51.55% above average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends76%54%32%9%Gross margin, FY2022: 66.79%Gross margin, FY2023: 66.16%Gross margin, FY2024: 70.72%Gross margin, FY2025: 70.19%Gross margin, FY2026: 70.74%Operating margin, FY2022: 18.31%Operating margin, FY2023: 16.00%Operating margin, FY2024: 19.37%Operating margin, FY2025: 20.34%Operating margin, FY2026: 24.48%Net margin, FY2022: 14.83%Net margin, FY2023: 20.03%Net margin, FY2024: 15.73%Net margin, FY2025: 18.05%Net margin, FY2026: 18.43%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 66.79%. Gross margin FY2023 66.16%. Gross margin FY2024 70.72%. Gross margin FY2025 70.19%. Gross margin FY2026 70.74%. Operating margin FY2022 18.31%. Operating margin FY2023 16.00%. Operating margin FY2024 19.37%. Operating margin FY2025 20.34%. Operating margin FY2026 24.48%. Net margin FY2022 14.83%. Net margin FY2023 20.03%. Net margin FY2024 15.73%. Net margin FY2025 18.05%. Net margin FY2026 18.43%.

Income trends

Revenue

6.93B USD+5.37%

Operating income

1.7B USD+26.78%

Net income

1.28B USD+7.59%
Income trends across reported periods7.52B USD5.13B USD2.73B USD338.2M USDRevenue, FY2022: 6.32B USDRevenue, FY2023: 6.36B USDRevenue, FY2024: 6.27B USDRevenue, FY2025: 6.57B USDRevenue, FY2026: 6.93B USDOperating income, FY2022: 1.16B USDOperating income, FY2023: 1.02B USDOperating income, FY2024: 1.21B USDOperating income, FY2025: 1.34B USDOperating income, FY2026: 1.7B USDNet income, FY2022: 937M USDNet income, FY2023: 1.27B USDNet income, FY2024: 986M USDNet income, FY2025: 1.19B USDNet income, FY2026: 1.28B USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 6.32B USD. Revenue FY2023 6.36B USD. Revenue FY2024 6.27B USD. Revenue FY2025 6.57B USD. Revenue FY2026 6.93B USD. Operating income FY2022 1.16B USD. Operating income FY2023 1.02B USD. Operating income FY2024 1.21B USD. Operating income FY2025 1.34B USD. Operating income FY2026 1.7B USD. Net income FY2022 937M USD. Net income FY2023 1.27B USD. Net income FY2024 986M USD. Net income FY2025 1.19B USD. Net income FY2026 1.28B USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue6.93B USD6.57B USD6.27B USD6.36B USD6.32B USD
Cost of goods sold2.03B USD1.96B USD1.84B USD2.15B USD2.1B USD
Gross profit4.9B USD4.61B USD4.43B USD4.21B USD4.22B USD
Research and development991M USD1.01B USD1.03B USD956M USD881M USD
Selling, general, and administrative2.21B USD2.18B USD2.14B USD2.09B USD2.14B USD
Operating expenses3.23B USD3.28B USD3.22B USD3.19B USD3.06B USD
Interest income88M USD112M USD112M USD69M USD7M USD
Interest expense81M USD64M USD64M USD67M USD73M USD
Depreciation and amortization200M USD243M USD255M USD301M USD194M USD
Operating income1.7B USD1.34B USD1.21B USD1.02B USD1.16B USD
Net income1.28B USD1.19B USD986M USD1.27B USD937M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

71 ratings
Strong buy00%
Buy2637%
Hold3752%
Sell811%
Strong sell00%

NTAP news

Corporate actions

Corporate action history

Stock split

Effective Mar 23, 2000

2:1

Stock split

Effective Dec 21, 1999

2:1

Stock split

Effective Dec 22, 1998

2:1

Stock split

Effective Dec 19, 1997

2:1

NTAP peers

ETFs holding NTAP

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research NTAP

research.disclaimer