NetApp, Inc. (NTAP) Quarterly Income Statement

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NetApp, Inc. (NTAP) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

NTAP Income Statement

NetApp, Inc. (NTAP) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22

Sales/Revenue	2.02B	1.95B	1.71B	1.71B	1.56B	1.73B	1.64B	1.66B	1.54B	1.67B	1.61B	1.56B	1.43B	1.58B	1.53B	1.66B	1.59B	1.68B	1.61B	1.57B
Revenue Growth %	29.89%	12.47%	4.39%	2.83%	1.17%	3.9%	2.18%	6.15%	7.61%	5.44%	5.24%	-6.07%	-10.05%	-5.89%	-5.45%	6.19%	9.19%	8.04%	9.8%	10.59%
Cost of Goods Sold	606M	583M	504M	478M	461M	539M	496M	481M	443M	492M	455M	452M	436M	506M	525M	576M	546M	595M	541M	507M
COGS % of Revenue	29.93%	29.93%	29.42%	28.04%	29.57%	31.12%	30.23%	29.01%	28.75%	29.51%	28.33%	28.94%	30.45%	32.01%	34.4%	34.64%	34.3%	35.42%	33.52%	32.38%
Gross Profit	1.42B	1.36B	1.21B	1.23B	1.1B	1.19B	1.15B	1.18B	1.1B	1.18B	1.15B	1.11B	996M	1.07B	1B	1.09B	1.05B	1.09B	1.07B	1.06B
Gross Margin %	70.07%	70.07%	70.58%	71.96%	70.43%	68.88%	69.77%	70.99%	71.25%	70.55%	71.67%	71.06%	69.55%	67.99%	65.6%	65.36%	65.7%	64.7%	66.48%	67.62%
Gross Profit Growth %	29.23%	14.42%	5.59%	4.25%	0%	1.45%	-0.52%	6.04%	10.24%	9.4%	14.99%	2.12%	-4.78%	-1.1%	-6.71%	2.64%	4.7%	5.02%	10.05%	13.5%
Operating Expenses	879M	833M	778M	828M	789M	845M	783M	832M	816M	810M	785M	806M	818M	766M	829M	805M	791M	796M	752M	765M
OpEx % of Revenue	43.41%	42.76%	45.42%	48.56%	50.61%	48.79%	47.71%	50.18%	52.95%	48.59%	48.88%	51.6%	57.12%	48.45%	54.33%	48.41%	49.69%	47.38%	46.59%	48.85%
Selling, General & Admin	605M	573M	541M	554M	545M	543M	525M	562M	546M	538M	520M	536M	542M	509M	509M	546M	530M	552M	526M	541M
SG&A % of Revenue	29.88%	29.41%	31.58%	32.49%	34.96%	31.35%	31.99%	33.9%	35.43%	32.27%	32.38%	34.31%	37.85%	32.19%	33.36%	32.83%	33.29%	32.86%	32.59%	34.55%
Research & Development	274M	261M	237M	251M	242M	256M	247M	257M	252M	271M	249M	262M	247M	243M	230M	243M	240M	235M	220M	216M
R&D % of Revenue	13.53%	13.4%	13.84%	14.72%	15.52%	14.78%	15.05%	15.5%	16.35%	16.26%	15.5%	16.77%	17.25%	15.37%	15.07%	14.61%	15.08%	13.99%	13.63%	13.79%
Other Operating Expenses	0	-1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	541M	531M	431M	399M	309M	348M	362M	345M	282M	366M	366M	304M	178M	309M	172M	282M	255M	293M	321M	294M
Operating Margin %	26.72%	27.26%	25.16%	23.4%	19.82%	20.09%	22.06%	20.81%	18.3%	21.96%	22.79%	19.46%	12.43%	19.54%	11.27%	16.96%	16.02%	17.44%	19.89%	18.77%
Operating Income Growth %	75.08%	52.59%	19.06%	15.65%	9.57%	-4.92%	-1.09%	13.49%	58.43%	18.45%	112.79%	7.8%	-30.2%	5.46%	-46.42%	-4.08%	2.41%	-35.6%	24.42%	61.54%
EBITDA	574M	580M	479M	451M	360M	401M	426M	408M	345M	430M	429M	357M	253M	375M	237M	354M	327M	359M	384M	355M
EBITDA Margin %	28.35%	29.77%	27.96%	26.45%	23.09%	23.15%	25.96%	24.61%	22.39%	25.79%	26.71%	22.86%	17.67%	23.72%	15.53%	21.29%	20.54%	21.37%	23.79%	22.67%
EBITDA Growth %	59.44%	44.64%	12.44%	10.54%	4.35%	-6.74%	-0.7%	14.29%	36.36%	14.67%	81.01%	0.85%	-22.63%	4.46%	-38.28%	-0.28%	6.17%	-30.56%	18.52%	41.43%
D&A (Non-Cash Add-back)	33M	49M	48M	52M	51M	53M	64M	63M	63M	64M	63M	53M	75M	66M	65M	72M	72M	66M	63M	61M
EBIT	541M	531M	459M	419M	333M	375M	382M	375M	315M	396M	399M	330M	202M	330M	193M	322M	288M	290M	325M	298M
Net Interest Income	4M	0	-1M	1M	7M	8M	8M	12M	20M	16M	10M	10M	12M	11M	5M	-3M	-11M	-16M	-17M	-17M
Interest Income	33M	0	25M	27M	36M	29M	20M	27M	36M	32M	27M	25M	28M	27M	21M	14M	7M	2M	2M	1M
Interest Expense	29M	0	26M	26M	29M	21M	12M	15M	16M	16M	17M	15M	16M	16M	16M	17M	18M	18M	19M	18M
Other Income/Expense	-57M	-13M	2M	-6M	-5M	6M	8M	15M	17M	14M	16M	11M	8M	5M	5M	23M	15M	-21M	-15M	-14M
Pretax Income	484M	518M	433M	393M	304M	354M	370M	360M	299M	380M	382M	315M	186M	314M	177M	305M	270M	272M	306M	280M
Pretax Margin %	23.9%	26.59%	25.28%	23.05%	19.5%	20.44%	22.55%	21.71%	19.4%	22.8%	23.79%	20.17%	12.99%	19.86%	11.6%	18.34%	16.96%	16.19%	18.96%	17.88%
Income Tax	109M	114M	99M	88M	71M	14M	71M	61M	51M	89M	69M	82M	37M	69M	112M	-445M	56M	13M	54M	56M
Effective Tax Rate %	22.52%	22.01%	22.86%	22.39%	23.36%	3.95%	19.19%	16.94%	17.06%	23.42%	18.06%	26.03%	19.89%	21.97%	63.28%	-145.9%	20.74%	4.78%	17.65%	20%
Net Income	375M	404M	334M	305M	233M	340M	299M	299M	248M	291M	313M	233M	149M	245M	65M	750M	214M	259M	252M	224M
Net Margin %	18.52%	20.74%	19.5%	17.89%	14.95%	19.63%	18.22%	18.03%	16.09%	17.46%	19.49%	14.92%	10.41%	15.5%	4.26%	45.1%	13.44%	15.42%	15.61%	14.3%
Net Income Growth %	60.94%	18.82%	11.71%	2.01%	-6.05%	16.84%	-4.47%	28.33%	66.44%	18.78%	381.54%	-68.93%	-30.37%	-5.41%	-74.21%	234.82%	5.94%	-22.46%	38.46%	63.5%
Net Income (Continuing)	375M	404M	334M	305M	233M	340M	299M	299M	248M	291M	313M	233M	149M	245M	65M	750M	214M	259M	252M	224M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	1.88	2.03	1.67	1.51	1.15	1.65	1.44	1.42	1.17	1.37	1.48	1.10	0.69	1.13	0.30	3.41	0.96	1.14	1.10	0.98
EPS Growth %	63.48%	23.03%	15.97%	6.34%	-1.71%	20.44%	-2.7%	29.09%	69.57%	21.24%	393.33%	-67.74%	-28.13%	-0.88%	-72.73%	247.96%	9.09%	-21.92%	37.5%	60.66%
EPS (Basic)	1.91	2.05	1.69	1.53	1.16	1.67	1.47	1.47	1.20	1.41	1.52	1.12	0.70	1.15	0.30	3.46	0.97	1.17	1.13	1.00
Diluted Shares Outstanding	200M	199M	200M	202M	203M	206M	208M	210M	212M	212M	211M	211M	216M	217M	219M	220M	224M	228M	229M	229M
Basic Shares Outstanding	196M	197M	198M	199M	201M	203M	204M	204M	206M	206M	206M	208M	212M	213M	216M	217M	220M	222M	223M	223M
Dividend Payout Ratio	27.2%	25.5%	30.84%	33.77%	44.64%	30.88%	35.45%	35.45%	43.15%	35.74%	32.91%	44.21%	71.14%	43.27%	166.15%	14.4%	51.4%	42.86%	44.05%	50%