NetApp, Inc. (NTAP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q1'22 |
|---|
| Sales/Revenue | 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 | 1.46B |
| Revenue Growth % | 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% | 11.9% |
| Cost of Goods Sold | 583M | 504M | 478M | 461M | 539M | 496M | 481M | 443M | 492M | 455M | 452M | 436M | 506M | 525M | 576M | 546M | 595M | 541M | 507M | 459M |
| COGS % of Revenue | 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% | 31.48% |
| Gross Profit | 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 | 999M |
| Gross Margin % | 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% | 68.52% |
| Gross Profit Growth % | 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% | 14.56% |
| Operating Expenses | 833M | 778M | 828M | 789M | 845M | 783M | 832M | 816M | 810M | 785M | 806M | 818M | 766M | 829M | 805M | 791M | 796M | 752M | 765M | 750M |
| OpEx % of Revenue | 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% | 51.44% |
| Selling, General & Admin | 573M | 541M | 554M | 545M | 543M | 525M | 562M | 546M | 538M | 520M | 536M | 542M | 509M | 509M | 546M | 530M | 552M | 526M | 541M | 517M |
| SG&A % of Revenue | 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% | 35.46% |
| Research & Development | 261M | 237M | 251M | 242M | 256M | 247M | 257M | 252M | 271M | 249M | 262M | 247M | 243M | 230M | 243M | 240M | 235M | 220M | 216M | 210M |
| R&D % of Revenue | 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% | 14.4% |
| Other Operating Expenses | -1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 531M | 431M | 399M | 309M | 348M | 362M | 345M | 282M | 366M | 366M | 304M | 178M | 309M | 172M | 282M | 255M | 293M | 321M | 294M | 249M |
| Operating Margin % | 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% | 17.08% |
| Operating Income Growth % | 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% | 83.09% |
| EBITDA | 580M | 479M | 451M | 360M | 401M | 426M | 408M | 345M | 430M | 429M | 357M | 253M | 375M | 237M | 354M | 327M | 359M | 384M | 355M | 308M |
| EBITDA Margin % | 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% | 21.12% |
| EBITDA Growth % | 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% | 55.56% |
| D&A (Non-Cash Add-back) | 49M | 48M | 52M | 51M | 53M | 64M | 63M | 63M | 64M | 63M | 53M | 75M | 66M | 65M | 72M | 72M | 66M | 63M | 61M | 59M |
| EBIT | 531M | 459M | 419M | 333M | 375M | 382M | 375M | 315M | 396M | 399M | 330M | 202M | 330M | 193M | 322M | 288M | 290M | 325M | 298M | 255M |
| Net Interest Income | 0 | -1M | 1M | 7M | 8M | 8M | 12M | 20M | 16M | 10M | 10M | 12M | 11M | 5M | -3M | -11M | -16M | -17M | -17M | -16M |
| Interest Income | 0 | 25M | 27M | 36M | 29M | 20M | 27M | 36M | 32M | 27M | 25M | 28M | 27M | 21M | 14M | 7M | 2M | 2M | 1M | 2M |
| Interest Expense | 0 | 26M | 26M | 29M | 21M | 12M | 15M | 16M | 16M | 17M | 15M | 16M | 16M | 16M | 17M | 18M | 18M | 19M | 18M | 18M |
| Other Income/Expense | -13M | 2M | -6M | -5M | 6M | 8M | 15M | 17M | 14M | 16M | 11M | 8M | 5M | 5M | 23M | 15M | -21M | -15M | -14M | -12M |
| Pretax Income | 518M | 433M | 393M | 304M | 354M | 370M | 360M | 299M | 380M | 382M | 315M | 186M | 314M | 177M | 305M | 270M | 272M | 306M | 280M | 237M |
| Pretax Margin % | 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% | 16.26% |
| Income Tax | 114M | 99M | 88M | 71M | 14M | 71M | 61M | 51M | 89M | 69M | 82M | 37M | 69M | 112M | -445M | 56M | 13M | 54M | 56M | 35M |
| Effective Tax Rate % | 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% | 14.77% |
| Net Income | 404M | 334M | 305M | 233M | 340M | 299M | 299M | 248M | 291M | 313M | 233M | 149M | 245M | 65M | 750M | 214M | 259M | 252M | 224M | 202M |
| Net Margin % | 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% | 13.85% |
| Net Income Growth % | 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% | 162.34% |
| Net Income (Continuing) | 404M | 334M | 305M | 233M | 340M | 299M | 299M | 248M | 291M | 313M | 233M | 149M | 245M | 65M | 750M | 214M | 259M | 252M | 224M | 202M |
| 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) | 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 | 0.88 |
| EPS Growth % | 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% | 151.43% |
| EPS (Basic) | 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 | 0.91 |
| Diluted Shares Outstanding | 199M | 200M | 202M | 203M | 206M | 208M | 210M | 212M | 212M | 211M | 211M | 216M | 217M | 219M | 220M | 224M | 228M | 229M | 229M | 229M |
| Basic Shares Outstanding | 197M | 198M | 199M | 201M | 203M | 204M | 204M | 206M | 206M | 206M | 208M | 212M | 213M | 216M | 217M | 220M | 222M | 223M | 223M | 223M |
| Dividend Payout Ratio | 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% | 55.45% |