NetApp Quarterly Income Statement
NASDAQ: NTAPTechnologyElectronic ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NetApp revenue and earnings
In the quarter ended Jul 31, 2026, NetApp generated $1.82 billion in revenue, up 30.1% from the same quarter a year earlier. Net income was $375.0 million (+60.9% year over year), for a net margin of 20.6% versus a median of 19.5% in the prior 5 quarters. Gross margin was 78.0% (down from 78.5%) and operating margin 26.6%.
Diluted earnings per share came in at $1.88, up from $1.15.
Summary generated from market data by MetaCap's automated system. Methodology
NetApp income statement (quarterly)
| Quarter (USD) | Q1 20262026-07-31 | Q4 20262026-04-24 | Q3 20262026-01-23 | Q2 20252025-10-24 | Q1 20252025-07-25 | Q4 20252025-04-25 | Q3 20252025-01-24 | Q2 20252024-10-25 | Q1 20252024-07-26 | Q4 20242024-04-26 | Q3 20242024-01-26 | Q2 20242023-10-27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.82B | 1.95B | 1.71B | 1.71B | 1.40B | 1.73B | 1.64B | 1.66B | 1.54B | 1.67B | 1.61B | 1.56B |
| Revenue growth (YoY) | +30.11% | +12.47% | +4.39% | +2.83% | -9.28% | +3.84% | +2.18% | +6.15% | +7.61% | +5.50% | +5.24% | -6.07% |
| Cost of Revenue | 606.00M | 583.00M | 504.00M | 478.00M | 461.00M | 539.00M | 496.00M | 481.00M | 443.00M | 492.00M | 455.00M | 452.00M |
| Gross Profit | 1.42B | 1.36B | 1.21B | 1.23B | 1.10B | 1.19B | 1.15B | 1.18B | 1.10B | 1.18B | 1.15B | 1.11B |
| Operating Expenses | 935.00M | 833.00M | 775.00M | 828.00M | 789.00M | 845.00M | 783.00M | 832.00M | 816.00M | 810.00M | 785.00M | 806.00M |
| Research & Development | 274.00M | 261.00M | 237.00M | 251.00M | 242.00M | 256.00M | 247.00M | 257.00M | 252.00M | 271.00M | 249.00M | 262.00M |
| Selling, General & Admin | 605.00M | 573.00M | 541.00M | 554.00M | 545.00M | 543.00M | 525.00M | 562.00M | 546.00M | 538.00M | 520.00M | 536.00M |
| Operating Income | 484.00M | 532.00M | 434.00M | 399.00M | 309.00M | 348.00M | 362.00M | 345.00M | 282.00M | 366.00M | 366.00M | 304.00M |
| Interest Expense | — | 28.00M | 26.00M | 26.00M | 29.00M | 21.00M | 12.00M | 15.00M | 16.00M | 16.00M | 17.00M | 15.00M |
| Other Income (Expense) | 0 | -14.00M | -1.00M | -6.00M | -5.00M | 6.00M | 8.00M | 15.00M | 17.00M | 14.00M | 16.00M | 11.00M |
| Pretax Income | 484.00M | 518.00M | 433.00M | 393.00M | 304.00M | 354.00M | 370.00M | 360.00M | 299.00M | 380.00M | 382.00M | 315.00M |
| Income Tax | 109.00M | 114.00M | 99.00M | 88.00M | 71.00M | 14.00M | 71.00M | 61.00M | 51.00M | 89.00M | 69.00M | 82.00M |
| Net Income | 375.00M | 404.00M | 334.00M | 305.00M | 233.00M | 340.00M | 299.00M | 299.00M | 248.00M | 291.00M | 313.00M | 233.00M |
| Net Income growth (YoY) | +60.94% | +18.82% | +11.71% | +2.01% | -6.05% | +16.84% | -4.47% | +28.33% | +66.44% | +18.78% | +381.54% | -68.93% |
| EPS (Basic) | 1.91 | 2.03 | 1.69 | 1.53 | 1.16 | 1.67 | 1.47 | 1.47 | 1.20 | 1.40 | 1.52 | 1.12 |
| EPS (Diluted) | 1.88 | 2.02 | 1.67 | 1.51 | 1.15 | 1.64 | 1.44 | 1.42 | 1.17 | 1.36 | 1.48 | 1.10 |
| Shares Outstanding (Basic) | 196.00M | — | 198.00M | 199.00M | 201.00M | — | 204.00M | 204.00M | 206.00M | — | 206.00M | 208.00M |
| Shares Outstanding (Diluted) | 200.00M | — | 200.00M | 202.00M | 203.00M | — | 208.00M | 210.00M | 212.00M | — | 211.00M | 211.00M |
| EBITDA | 517.00M | 581.00M | 482.00M | 451.00M | 360.00M | 401.00M | 426.00M | 408.00M | 345.00M | 430.00M | 429.00M | 368.00M |
| Gross Margin | 78.01% | 70.07% | 70.58% | 71.96% | 78.54% | 68.88% | 69.77% | 70.99% | 71.25% | 70.50% | 71.67% | 71.06% |
| Operating Margin | 26.61% | 27.31% | 25.34% | 23.40% | 22.10% | 20.09% | 22.06% | 20.81% | 18.30% | 21.94% | 22.79% | 19.46% |
| Net Margin | 20.62% | 20.74% | 19.50% | 17.89% | 16.67% | 19.63% | 18.22% | 18.03% | 16.09% | 17.45% | 19.49% | 14.92% |
This table shows 12 quarterly periods of NetApp's income statement, from Q1 2026 back to Q2 2024, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NTAP's reporting calendar. What is a income statement?