NetApp, Inc. (NTAP) stock
NTAPNasdaqComputer Storage DevicesFiscal year ends April 24
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 2, 2026Score 18/3023% above fair value
$186.08+2.96 (+1.62%)
Close on Nov 12, 2026Market cap $36.55BP/E 26.2Yield 1.12%
NetApp gross margin
Gross margin is gross profit as a percentage of revenue.
NetApp's gross margin for the twelve months ending Jul 31, 2026 was 80.3%. For fiscal 2026 it was 78.5%, against 78.1% the year before. The highest annual figure on record is 78.5% in fiscal 2026.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Apr 24, 2026 | 78.5% | +0.5 |
| FY2025 | Apr 25, 2025 | 78.1% | −0.3 |
| FY2024 | Apr 26, 2024 | 78.4% | +12.2 |
| FY2023 | Apr 28, 2023 | 66.2% | −0.6 |
| FY2022 | Apr 29, 2022 | 66.8% | +0.4 |
| FY2021 | Apr 30, 2021 | 66.4% | −0.5 |
| FY2020 | Apr 24, 2020 | 66.9% | +2.8 |
| FY2019 | Apr 26, 2019 | 64.2% | +1.5 |
| FY2018 | Apr 27, 2018 | 62.7% | +1.4 |
| FY2017 | Apr 28, 2017 | 61.3% | +0.4 |
| FY2016 | Apr 29, 2016 | 60.8% | −1.8 |
| FY2015 | Apr 24, 2015 | 62.6% | +0.6 |
| FY2014 | Apr 25, 2014 | 62.0% | +2.6 |
| FY2013 | Apr 26, 2013 | 59.4% | −0.2 |
| FY2012 | Apr 27, 2012 | 59.6% | −5.4 |
| FY2011 | Apr 29, 2011 | 65.0% | +0.9 |
| FY2010 | Apr 30, 2010 | 64.1% | +5.7 |
| FY2009 | Apr 24, 2009 | 58.4% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q1 FY2027CQ2 2026 | Jul 31, 2026 | 78.0% | −0.5 |
| Q4 FY2026CQ1 2026 | Apr 24, 2026 | 108.3% | −3.5 |
| Q3 FY2026CQ4 2025 | Jan 23, 2026 | 70.6% | +0.8 |
| Q2 FY2026CQ3 2025 | Oct 24, 2025 | 72.0% | +1.0 |
| Q1 FY2026CQ2 2025 | Jul 25, 2025 | 78.5% | +7.3 |
| Q4 FY2025CQ1 2025 | Apr 25, 2025 | 111.8% | +0.6 |
| Q3 FY2025CQ4 2024 | Jan 24, 2025 | 69.8% | −1.9 |
| Q2 FY2025CQ3 2024 | Oct 25, 2024 | 71.0% | −0.1 |
| Q1 FY2025CQ2 2024 | Jul 26, 2024 | 71.3% | +1.7 |
| Q4 FY2024CQ1 2024 | Apr 26, 2024 | 111.3% | +43.3 |
| Q3 FY2024CQ4 2023 | Jan 26, 2024 | 71.7% | +6.1 |
| Q2 FY2024CQ3 2023 | Oct 27, 2023 | 71.1% | +5.7 |
| Q1 FY2024CQ2 2023 | Jul 28, 2023 | 69.6% | +3.8 |
| Q4 FY2023CQ1 2023 | Apr 28, 2023 | 68.0% | +3.2 |
| Q3 FY2023CQ4 2022 | Jan 27, 2023 | 65.6% | −0.9 |
| Q2 FY2023CQ3 2022 | Oct 28, 2022 | 65.4% | −2.3 |
| Q1 FY2023CQ2 2022 | Jul 29, 2022 | 65.7% | −2.8 |
| Q4 FY2022CQ1 2022 | Apr 29, 2022 | 64.8% | −1.7 |
| Q3 FY2022CQ4 2021 | Jan 28, 2022 | 66.5% | +0.2 |
| Q2 FY2022CQ3 2021 | Oct 29, 2021 | 67.6% | +1.7 |
| Q1 FY2022CQ2 2021 | Jul 30, 2021 | 68.5% | +1.6 |
| Q4 FY2021CQ1 2021 | Apr 30, 2021 | 66.6% | −0.6 |
| Q3 FY2021CQ4 2020 | Jan 29, 2021 | 66.3% | −0.7 |
| Q2 FY2021CQ3 2020 | Oct 30, 2020 | 65.9% | −1.6 |
| Q1 FY2021CQ2 2020 | Jul 31, 2020 | 66.9% | +0.9 |
| Q4 FY2020CQ1 2020 | Apr 24, 2020 | 67.2% | +2.7 |
| Q3 FY2020CQ4 2019 | Jan 24, 2020 | 67.0% | +4.2 |
| Q2 FY2020CQ3 2019 | Oct 25, 2019 | 67.5% | +3.3 |
| Q1 FY2020CQ2 2019 | Jul 26, 2019 | 66.0% | +0.7 |
| Q4 FY2019CQ1 2019 | Apr 26, 2019 | 64.4% | +1.9 |
| Q3 FY2019CQ4 2018 | Jan 25, 2019 | 62.8% | +0.7 |
| Q2 FY2019CQ3 2018 | Oct 26, 2018 | 64.2% | +0.6 |
| Q1 FY2019CQ2 2018 | Jul 27, 2018 | 65.3% | +3.0 |
| Q4 FY2018CQ1 2018 | Apr 27, 2018 | 62.6% | +1.5 |
| Q3 FY2018CQ4 2017 | Jan 26, 2018 | 62.1% | +1.5 |
| Q2 FY2018CQ3 2017 | Oct 27, 2017 | 63.6% | +1.7 |
| Q1 FY2018CQ2 2017 | Jul 28, 2017 | 62.4% | – |
| Q4 FY2017CQ1 2017 | Apr 28, 2017 | 61.0% | – |
| Q3 FY2017CQ4 2016 | Jan 27, 2017 | 60.6% | – |
| Q2 FY2017CQ3 2016 | Oct 28, 2016 | 61.9% | – |
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