YOLFTbeta
NetApp Inc

NetApp Inc

NTAP · NASDAQ · Technology / Software - Infrastructure

181.37USD-4.71 (-2.53%)

Price History

Full chart

Market Stats

Previous Close186.08
Open186.51
Day Range177.08 – 186.76
52-Week Range92.72 – 240.87
Volume1.68M
Market Cap42.90B
P/E (TTM)30.81
Forward P/E24.81
EPS7.09
Dividend Yield0.93%
Beta1.45
50-Day Avg204.57
200-Day Avg149.05

About

NetApp, Inc. develops enterprise software, systems, and services to transform data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience; and Super Micro Computer, Inc. to build integrated AI infrastructure solutions. NetApp, Inc. was incorporated in 1992 and is based in San Jose, California.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. George Kurian
  • Employees11.70K
  • Headquarters3060 Olsen Drive, San Jose, CA, United States, 95128, USA
  • Websitehttps://www.netapp.com

Leadership

  • Mr. George KurianCEO & Director · b. 1967
  • Mr. Cesar Cernuda RegoPresident · b. 1972
  • Mr. Wissam G. Jabre C.F.A.Executive VP & CFO · b. 1971
  • Ms. Elizabeth M. O'Callahan J.D.EVP, Chief Administrative Officer & Corporate Secretary · b. 1969
  • Mr. Syam NairExecutive VP & Chief Product Officer · b. 1974
  • Mr. Gus ShahinExecutive Vice President of Business Technology & Operations
  • Mr. Daniel De LorenzoVP, Controller & Chief Accounting Officer · b. 1983
  • Ms. Kris NewtonVP of Corporate Communications & Investor Relations
  • Ms. Gabrielle BokoChief Marketing Officer
  • Mr. Puneet GuptaManaging Director of NetApp India Marketing & Services

Financials

Income Statement

Currency: USD1996-04-301997-04-301998-04-301999-04-302000-04-302001-04-302002-04-302003-04-302004-04-302005-04-302006-04-302007-04-302008-04-302009-04-302010-04-302011-04-302012-04-302013-04-302014-04-302015-04-302016-04-302017-04-302018-04-302019-04-302020-04-302021-04-302022-04-302023-04-302024-04-302025-04-302026-04-30
Total Revenue46.63M93.33M166.16M289.42M579.30M1.01B798.37M892.07M1.17B1.60B2.07B2.80B3.30B3.41B3.93B5.12B6.23B6.33B6.33B6.12B5.55B5.52B5.91B6.15B5.41B5.74B6.32B6.36B6.27B6.57B6.92B
Growth (%)-+100.15%+78.03%+74.18%+100.16%+73.69%-20.65%+11.74%+31.19%+36.56%+29.30%+35.70%+17.79%+3.13%+15.41%+30.30%+21.68%+1.59%-0.12%-3.20%-9.42%-0.49%+7.10%+3.98%-11.94%+6.13%+9.99%+0.70%-1.48%+4.85%+5.37%
Cost of Revenue20.56M38.06M67.55M118.12M235.85M401.71M317.85M345.64M465.79M623.08M810.00M1.10B1.29B1.42B1.41B1.79B2.52B2.57B2.41B2.29B2.17B2.13B2.21B2.20B1.79B1.93B2.10B2.15B1.83B1.96B2.03B
Gross Profit26.07M55.27M98.61M171.30M343.45M604.48M480.52M546.43M704.52M975.05M1.26B1.70B2.01B1.99B2.52B3.33B3.71B3.76B3.92B3.83B3.37B3.39B3.70B3.94B3.62B3.81B4.22B4.21B4.43B4.61B4.90B
Gross Margin55.92%59.22%59.35%59.19%59.29%60.08%60.19%61.25%60.20%61.01%60.80%60.78%60.95%58.42%64.08%64.98%59.57%59.39%61.96%62.61%60.82%61.42%62.58%64.19%66.94%66.42%66.79%66.16%70.72%70.19%70.74%
Operating Expense20.07M52.19M65.96M116.17M238.09M494.82M481.58M458.82M546.06M721.86M948.17M1.40B1.70B1.94B2.03B2.50B2.97B3.15B3.18B3.12B3.02B2.73B2.57B2.72B2.68B2.78B3.06B3.19B3.22B3.28B3.20B
Operating Income6.00M3.08M32.66M55.13M105.37M109.66M-1.06M87.61M158.46M253.19M308.29M301.24M313.60M47.17M488.40M824.30M746.50M607.80M734.30M716.50M348.00M665.00M1.13B1.22B945.00M1.03B1.16B1.02B1.21B1.34B1.70B
Operating Margin12.87%3.30%19.65%19.05%18.19%10.90%-0.13%9.82%13.54%15.84%14.92%10.74%9.49%1.38%12.42%16.09%11.98%9.60%11.61%11.70%6.27%12.05%19.03%19.87%17.46%17.95%18.31%16.00%19.37%20.34%24.48%
EBITDA7.39M16.47M38.21M62.60M119.73M178.60M76.45M146.27M224.16M341.85M394.97M482.20M534.87M242.23M687.10M1.04B1.08B1.00B1.11B1.02B673.00M943.00M1.46B1.52B1.19B1.24B1.36B1.38B1.58B1.69B1.93B
EBITDA Margin15.84%17.64%22.99%21.63%20.67%17.75%9.58%16.40%19.15%21.39%19.11%17.20%16.19%7.11%17.48%20.22%17.33%15.84%17.56%16.72%12.13%17.09%24.68%24.78%22.03%21.64%21.59%21.71%25.24%25.72%27.86%
Net Income6.60M250.00K20.96M35.61M73.79M74.89M3.03M76.47M152.09M225.75M266.45M297.74M309.74M86.55M400.40M673.10M605.40M505.30M637.50M559.90M229.00M509.00M76.00M1.17B819.00M730.00M937.00M1.27B986.00M1.19B1.28B
Net Income Margin14.15%0.27%12.62%12.30%12.74%7.44%0.38%8.57%13.00%14.13%12.89%10.62%9.38%2.54%10.18%13.14%9.71%7.98%10.08%9.14%4.13%9.22%1.29%19.02%15.13%12.71%14.83%20.03%15.73%18.05%18.43%
R&D4.76M8.97M16.65M30.46M62.06M120.94M116.72M112.86M131.86M171.05M242.99M385.36M452.20M498.50M535.70M648.60M828.20M904.20M917.30M919.30M861.00M779.00M783.00M827.00M847.00M881.00M881.00M956.00M1.03B1.01B991.00M
R&D as % of Total Revenue10.21%9.61%10.02%10.52%10.71%12.02%14.62%12.65%11.27%10.70%11.76%13.74%13.69%14.63%13.63%12.66%13.29%14.28%14.50%15.01%15.52%14.11%13.25%13.46%15.65%15.34%13.94%15.03%16.42%15.40%14.31%
Interest Expense00000000001.28M11.64M7.99M26.86M74.10M75.90M74.70M91.70M36.00M42.00M49.00M52.00M62.00M58.00M55.00M74.00M73.00M67.00M64.00M64.00M81.00M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.42%0.24%0.79%1.88%1.48%1.20%1.45%0.57%0.69%0.88%0.94%1.05%0.94%1.02%1.29%1.16%1.05%1.02%0.97%1.17%

Balance Sheet

Currency: USD1996-04-301997-04-301998-04-301999-04-302000-04-302001-04-302002-04-302003-04-302004-04-302005-04-302006-04-302007-04-302008-04-302009-04-302010-04-302011-04-302012-04-302013-04-302014-04-302015-04-302016-04-302017-04-302018-04-302019-04-302020-04-302021-04-302022-04-302023-04-302024-04-302025-04-302026-04-30
Total Assets45.45M68.94M115.74M346.35M592.23M1.04B1.11B1.32B1.88B2.37B3.26B3.66B4.07B5.47B6.49B8.50B9.53B11.24B9.22B9.40B10.04B9.49B9.87B8.74B7.52B9.36B10.03B9.82B9.89B10.82B10.74B
Total Liabilities6.42M14.91M29.47M50.62M113.49M231.80M250.33M331.82M461.42M711.84M1.34B1.67B2.37B3.81B3.96B4.65B5.18B6.52B5.43B5.99B7.16B6.71B7.80B7.65B7.28B8.68B9.19B8.66B8.74B9.78B9.39B
Total Equity39.03M54.03M86.27M295.72M478.75M804.45M858.48M987.36M1.42B1.66B1.92B1.99B1.70B1.66B2.53B3.84B4.36B4.72B3.79B3.41B2.88B2.78B2.07B1.09B242.00M685.00M838.00M1.16B1.15B1.04B1.35B
Cash24.64M21.52M37.31M221.28M279.01M271.93M210.76M284.16M241.15M193.54M461.26M489.08M936.48M1.49B1.71B2.76B1.55B3.28B5.00B5.33B2.87B2.44B2.94B2.33B2.66B4.60B4.11B2.32B1.90B2.74B2.07B
Total Debt50.00K232.00K180.00K93.00K54.00K149.00K3.73M3.10M4.86M4.47M300.00M85.11M172.60M1.26B1.10B1.15B1.20B2.25B1.40B1.90B2.36B2.12B1.93B1.79B1.81B2.68B2.94B2.44B2.65B3.49B2.73B
Net Debt-24.59M-21.29M-37.13M-221.19M-278.96M-271.78M-207.02M-284.16M-236.29M-189.07M-161.25M-403.97M-763.88M-229.15M-603.50M-1.61B-347.50M-1.02B-4.01B-3.84B-510.00M-321.00M-1.01B-532.00M-846.00M-1.96B-1.17B73.00M749.00M749.00M663.00M

Cash Flow

Currency: USD1996-04-301997-04-301998-04-301999-04-302000-04-302001-04-302002-04-302003-04-302004-04-302005-04-302006-04-302007-04-302008-04-302009-04-302010-04-302011-04-302012-04-302013-04-302014-04-302015-04-302016-04-302017-04-302018-04-302019-04-302020-04-302021-04-302022-04-302023-04-302024-04-302025-04-302026-04-30
Operating Cash Flow3.50M6.27M22.73M45.95M118.08M218.35M143.89M195.25M310.89M462.12M554.28M864.46M1.01B889.23M975.00M1.35B1.46B1.39B1.35B1.27B974.00M986.00M1.48B1.34B1.06B1.33B1.21B1.11B1.69B1.51B2.07B
Investing Cash Flow-7.26M-11.05M-13.86M-17.47M-114.18M-112.20M-435.29M-151.09M-299.27M-351.31M-326.00M-83.78M102.91M-1.00B-987.70M-777.20M-2.31B-228.60M760.40M-903.20M85.00M-220.00M-21.00M704.00M1.27B21.00M-561.00M-1.39B-735.00M147.00M-595.00M
Financing Cash Flow26.61M1.66M6.92M155.50M53.83M-113.24M230.22M29.25M-54.62M-12.10M42.77M-747.26M-662.39M696.60M219.90M450.90M-343.60M578.90M-3.10B-675.20M-109.00M-1.18B-986.00M-2.63B-1.96B444.00M-1.02B-1.51B-1.34B-828.00M-2.15B
Capital Expenditure4.28M7.12M7.97M15.47M40.82M83.69M284.24M61.27M48.60M93.57M132.91M165.83M188.28M289.66M135.60M222.70M407.10M303.30M221.40M175.30M160.00M175.00M145.00M173.00M124.00M162.00M226.00M239.00M155.00M168.00M198.00M
Free Cash Flow-778.00K-855.00K14.76M30.47M77.26M134.67M-140.34M133.98M262.29M368.55M421.37M698.63M820.61M599.57M839.40M1.12B1.06B1.08B1.13B1.09B814.00M811.00M1.33B1.17B936.00M1.17B985.00M868.00M1.53B1.34B1.87B
Dividends Paid------------233.64M1.26B-000202.30M207.40M210.00M208.00M214.00M403.00M439.00M427.00M446.00M432.00M416.00M424.00M413.00M
FCF to OCF-22.21%-13.64%64.93%66.32%65.43%61.67%-97.53%68.62%84.37%79.75%76.02%80.82%81.34%67.43%86.09%83.46%72.17%78.12%83.60%86.18%83.57%82.25%90.19%87.10%88.30%87.85%81.34%78.41%90.80%88.84%90.42%
Dividend Paid to FCF------------28.47%210.98%-0.00%0.00%0.00%17.93%18.98%25.80%25.65%16.05%34.50%46.90%36.46%45.28%49.77%27.19%31.69%22.10%

Earnings

Report DateFeb 15, 1996May 15, 1996Aug 14, 1996Nov 12, 1996Feb 12, 1997May 7, 1997Aug 12, 1997Nov 11, 1997Feb 10, 1998May 12, 1998Aug 18, 1998Nov 17, 1998Feb 17, 1999May 18, 1999Aug 18, 1999Nov 16, 1999Feb 15, 2000May 18, 2000Aug 14, 2000Nov 14, 2000Feb 8, 2001May 15, 2001Aug 14, 2001Nov 13, 2001Feb 12, 2002May 14, 2002Aug 13, 2002Nov 12, 2002Feb 11, 2003May 13, 2003Aug 19, 2003Nov 18, 2003Feb 17, 2004May 18, 2004Aug 17, 2004Nov 16, 2004Feb 15, 2005May 24, 2005Aug 17, 2005Nov 16, 2005Feb 15, 2006May 24, 2006Aug 16, 2006Nov 15, 2006Feb 14, 2007May 23, 2007Aug 15, 2007Nov 14, 2007Feb 13, 2008May 21, 2008Aug 13, 2008Nov 12, 2008Feb 11, 2009May 20, 2009Aug 19, 2009Nov 18, 2009Feb 17, 2010May 26, 2010Aug 18, 2010Nov 17, 2010Feb 16, 2011May 25, 2011Aug 17, 2011Nov 16, 2011Feb 15, 2012May 23, 2012Aug 15, 2012Nov 14, 2012Feb 13, 2013May 21, 2013Aug 14, 2013Nov 13, 2013Feb 12, 2014May 21, 2014Aug 13, 2014Nov 12, 2014Feb 11, 2015May 20, 2015Aug 19, 2015Nov 18, 2015Feb 17, 2016May 25, 2016Aug 17, 2016Nov 16, 2016Feb 15, 2017May 24, 2017Aug 16, 2017Nov 15, 2017Feb 14, 2018May 23, 2018Aug 15, 2018Nov 14, 2018Feb 13, 2019May 22, 2019Aug 14, 2019Nov 13, 2019Feb 12, 2020May 27, 2020Aug 26, 2020Dec 1, 2020Feb 24, 2021Jun 2, 2021Aug 25, 2021Nov 30, 2021Feb 23, 2022Jun 1, 2022Aug 24, 2022Nov 29, 2022Feb 22, 2023May 31, 2023Aug 23, 2023Nov 28, 2023Feb 29, 2024May 30, 2024Aug 28, 2024Nov 21, 2024Feb 27, 2025May 29, 2025Aug 27, 2025Nov 25, 2025Feb 26, 2026May 28, 2026Sep 2, 2026Dec 1, 2026
EPS Estimate0.010.010.010.010.010.010.010.020.020.020.020.030.030.030.040.040.050.060.080.090.100.020.010.010.020.040.040.050.060.070.070.090.100.120.120.140.160.170.160.180.210.220.160.180.210.240.190.260.340.360.220.270.280.230.200.300.380.430.450.490.500.530.550.590.580.630.380.480.560.680.490.620.710.790.570.690.770.720.230.570.680.580.360.540.740.820.550.690.911.010.800.991.151.260.580.941.181.040.410.731.011.120.951.211.291.281.101.331.311.341.071.391.691.791.451.781.911.901.541.881.671.881.722.13
EPS Actual0.010.010.010.010.010.010.020.020.020.020.020.030.030.030.040.050.060.070.090.100.110.020.010.020.040.040.050.050.060.070.080.090.110.120.130.160.160.170.160.210.220.230.140.170.190.180.200.320.370.380.220.280.280.310.220.370.400.500.490.520.520.590.550.630.580.660.420.510.670.690.530.660.750.840.600.700.750.650.290.610.700.550.460.600.820.860.620.810.991.051.041.061.201.220.651.091.161.190.731.051.101.171.151.281.441.421.201.481.371.541.151.581.941.801.561.871.911.931.552.051.682.032.09-
Surprise0.00%0.00%0.00%0.00%0.00%0.00%100.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%25.00%20.00%16.67%12.50%11.11%10.00%0.00%0.00%100.00%100.00%0.00%25.00%0.00%0.00%0.00%14.29%0.00%10.00%0.00%8.33%14.29%0.00%0.00%0.00%16.67%4.76%4.55%-12.50%-5.56%-9.52%-25.00%5.26%23.08%8.82%5.56%0.00%3.70%0.00%34.78%10.00%23.33%5.26%16.28%8.89%6.12%4.00%11.32%0.00%6.78%0.00%4.76%10.53%6.25%19.64%1.47%8.16%6.45%5.63%6.33%5.26%1.45%-2.60%-9.72%26.09%7.02%2.94%-5.17%27.78%11.11%10.81%4.88%12.73%17.39%8.79%3.96%30.00%7.07%4.35%-3.17%12.07%15.96%-1.69%14.42%78.05%43.84%8.91%4.46%21.05%5.79%11.63%10.94%9.09%11.28%4.58%14.93%7.48%13.67%14.79%0.56%7.59%5.06%0.00%1.58%0.65%9.04%0.60%7.98%21.51%-
Timing-----Pre-marketPre-marketPre-marketPre-market----------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap42.90B
Enterprise Value42.89B
Trailing P/E30.81
Forward P/E24.81
PEG Ratio2.48
Price / Sales5.80
Price / Book29.39
EPS7.09
Book Value7.63
Revenue (TTM)7.39B
Gross Profit (TTM)5.22B
EBITDA2.10B
Profit Margin19.18%
Operating Margin26.67%
Return on Equity114.82%
Return on Assets11.66%
Shares Outstanding196.42M
Shares Float195.45M
Beta1.45
Dividend Yield0.93%
Dividend Rate2.08
Payout Ratio26.50%

Analyst Ratings

Buy
Based on 20 analystsTarget 211.69
  • Strong Buy
    7
  • Buy
    1
  • Hold
    12

Ownership Breakdown

Institutions
101.98%
Insiders
0.33%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    18.90M9.62%
  • Vanguard Capital Management, LLC
    12.89M6.56%
  • Vanguard Portfolio Management, LLC
    12.28M6.25%
  • State Street Corp
    9.92M5.05%
  • PRIMECAP Management Company
    9.02M4.59%
  • Geode Capital Management, LLC
    6.37M3.24%
  • Ameriprise Financial Inc
    4.68M2.38%
  • UBS Asset Mgmt Americas Inc
    4.44M2.26%
  • NORGES BANK
    4.17M2.12%
  • Wellington Management Company LLP
    3.86M1.97%
  • Boston Partners Global Investors, Inc
    3.42M1.74%
  • First Trust Advisors L.P.
    3.10M1.58%
  • Amvescap Plc.
    3.09M1.57%
  • The Goldman Sachs Group Inc
    3.08M1.57%
  • Morgan Stanley - Brokerage Accounts
    2.83M1.44%
  • Northern Trust Corp
    2.66M1.35%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    6.15M3.13%
  • Vanguard PRIMECAP Inv
    5.24M2.67%
  • Vanguard 500 Index Investor
    5.09M2.59%
  • Vanguard MStar Mid Cap Index Instl
    4.20M2.14%

Dividends

20264×
0.52Oct 9, 20260.52Jul 10, 20260.52Apr 2, 20260.52Jan 2, 2026
20254×
0.52Oct 3, 20250.52Jul 3, 20250.52Apr 4, 20250.52Jan 3, 2025
20244×
0.52Oct 4, 20240.52Jul 5, 20240.50Apr 4, 20240.50Jan 4, 2024
20234×
0.50Oct 5, 20230.50Jul 6, 20230.50Apr 5, 20230.50Jan 5, 2023
20224×
0.50Oct 6, 20220.50Jul 7, 20220.50Apr 7, 20220.50Jan 6, 2022
20214×
0.50Oct 7, 20210.50Jul 8, 20210.48Apr 8, 20210.48Jan 7, 2021

Stock Splits

  • Mar 23, 20002:1
  • Dec 21, 19992:1
  • Dec 22, 19982:1
  • Dec 19, 19972:1