NASDAQ · Technology · Fiscal year endsFY ends April

NetApp Inc

NTAP

$191.09+5.83 (+3.15%)Today

52-week low $93.69high $240.87

20.7% below its 52-week high

Next earningsDec 1, 2026

Revenue by fiscal year, $ billions

+26% over the years shown (FY17–FY26)

Fiscal years · gold is the latest

5.5

FY17

5.9

FY18+8%

6.1

FY19+4%

5.4

FY20-12%

5.7

FY21+6%

6.3

FY22+10%

6.4

FY23+1%

6.3

FY24-1%

6.6

FY25+5%

6.9

FY26+5%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income
Revenue	5.49	5.92	6.15	5.41	5.74	6.32	6.36	6.27	6.57	6.93
Revenue growth	+84%	+8%	+4%	-12%	+6%	+10%	+1%	-1%	+5%	+5%
Gross margin	61.3%	62.7%	64.2%	66.9%	66.4%	66.8%	66.2%	70.7%	70.2%	70.7%
Operating income	0.62^†	1.16^†	1.22	0.95	1.03	1.16	1.02	1.21	1.34	1.67
Operating margin	11.3%	19.6%	19.9%	17.5%	17.9%	18.3%	16.0%	19.4%	20.3%	24.2%
Net income	0.48^†	0.12^†	1.17	0.82	0.73	0.94	1.27	0.99	1.19	1.28
Net margin	8.8%	2.0%	19.0%	15.1%	12.7%	14.8%	20.0%	15.7%	18.0%	18.4%
Cash flow
Operating cash flow	0.99	1.48	1.34	1.06	1.33	1.21	1.11	1.69	1.51	2.07
Capital expenditure	0.18	0.15	0.17	0.12	0.16	0.23	0.24	0.16	0.17	0.20
Free cash flow (calculated)	0.81	1.33	1.17	0.94	1.17	0.99	0.87	1.53	1.34	1.87
Share repurchases	0.71	0.79	2.11	1.41	0.13	0.60	0.85	0.90	1.15	0.95
Balance sheet
Cash and equivalents	2.44	2.94	2.33	2.66	4.53	4.11	2.32	1.90	2.74	2.07
Total assets	9.49	9.99^†	8.74	7.52	9.36	10.03	9.82	9.89	10.82	10.74
Total equity	2.95^†	2.28^†	1.09	0.24	0.69	0.84	1.16	1.15	1.04	1.35

Source: NetApp Inc's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in April.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.