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 operating margin
Operating margin is operating income as a percentage of revenue.
NetApp's operating margin for the twelve months ending Jul 31, 2026 was 28.5%. For fiscal 2026 it was 26.8%, against 22.6% the year before. The highest annual figure on record is 26.8% in fiscal 2026.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Apr 24, 2026 | 26.8% | +4.2 |
| FY2025 | Apr 25, 2025 | 22.6% | +1.2 |
| FY2024 | Apr 26, 2024 | 21.5% | +5.5 |
| FY2023 | Apr 28, 2023 | 16.0% | −2.3 |
| FY2022 | Apr 29, 2022 | 18.3% | +0.4 |
| FY2021 | Apr 30, 2021 | 17.9% | +0.5 |
| FY2020 | Apr 24, 2020 | 17.5% | −2.4 |
| FY2019 | Apr 26, 2019 | 19.9% | +0.3 |
| FY2018 | Apr 27, 2018 | 19.6% | +8.3 |
| FY2017 | Apr 28, 2017 | 11.3% | +5.0 |
| FY2016 | Apr 29, 2016 | 6.3% | −5.4 |
| FY2015 | Apr 24, 2015 | 11.7% | +0.1 |
| FY2014 | Apr 25, 2014 | 11.6% | +2.0 |
| FY2013 | Apr 26, 2013 | 9.6% | −2.4 |
| FY2012 | Apr 27, 2012 | 12.0% | −4.1 |
| FY2011 | Apr 29, 2011 | 16.1% | +3.7 |
| FY2010 | Apr 30, 2010 | 12.4% | +11.0 |
| FY2009 | Apr 24, 2009 | 1.4% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q1 FY2027CQ2 2026 | Jul 31, 2026 | 26.6% | +4.5 |
| Q4 FY2026CQ1 2026 | Apr 24, 2026 | 42.2% | +9.6 |
| Q3 FY2026CQ4 2025 | Jan 23, 2026 | 25.3% | +3.3 |
| Q2 FY2026CQ3 2025 | Oct 24, 2025 | 23.4% | +2.6 |
| Q1 FY2026CQ2 2025 | Jul 25, 2025 | 22.1% | +3.8 |
| Q4 FY2025CQ1 2025 | Apr 25, 2025 | 32.6% | −2.0 |
| Q3 FY2025CQ4 2024 | Jan 24, 2025 | 22.1% | −0.7 |
| Q2 FY2025CQ3 2024 | Oct 25, 2024 | 20.8% | +1.3 |
| Q1 FY2025CQ2 2024 | Jul 26, 2024 | 18.3% | +5.9 |
| Q4 FY2024CQ1 2024 | Apr 26, 2024 | 34.6% | +15.1 |
| Q3 FY2024CQ4 2023 | Jan 26, 2024 | 22.8% | +11.5 |
| Q2 FY2024CQ3 2023 | Oct 27, 2023 | 19.5% | +2.5 |
| Q1 FY2024CQ2 2023 | Jul 28, 2023 | 12.4% | −3.6 |
| Q4 FY2023CQ1 2023 | Apr 28, 2023 | 19.5% | +2.1 |
| Q3 FY2023CQ4 2022 | Jan 27, 2023 | 11.3% | −8.6 |
| Q2 FY2023CQ3 2022 | Oct 28, 2022 | 17.0% | −1.8 |
| Q1 FY2023CQ2 2022 | Jul 29, 2022 | 16.0% | −1.1 |
| Q4 FY2022CQ1 2022 | Apr 29, 2022 | 17.4% | −11.8 |
| Q3 FY2022CQ4 2021 | Jan 28, 2022 | 19.9% | +2.3 |
| Q2 FY2022CQ3 2021 | Oct 29, 2021 | 18.8% | +5.9 |
| Q1 FY2022CQ2 2021 | Jul 30, 2021 | 17.1% | +6.6 |
| Q4 FY2021CQ1 2021 | Apr 30, 2021 | 29.3% | +9.5 |
| Q3 FY2021CQ4 2020 | Jan 29, 2021 | 17.6% | −1.5 |
| Q2 FY2021CQ3 2020 | Oct 30, 2020 | 12.9% | −8.7 |
| Q1 FY2021CQ2 2020 | Jul 31, 2020 | 10.4% | +2.0 |
| Q4 FY2020CQ1 2020 | Apr 24, 2020 | 19.8% | −3.5 |
| Q3 FY2020CQ4 2019 | Jan 24, 2020 | 19.1% | −0.8 |
| Q2 FY2020CQ3 2019 | Oct 25, 2019 | 21.6% | +2.7 |
| Q1 FY2020CQ2 2019 | Jul 26, 2019 | 8.4% | −8.8 |
| Q4 FY2019CQ1 2019 | Apr 26, 2019 | 23.2% | +4.3 |
| Q3 FY2019CQ4 2018 | Jan 25, 2019 | 19.9% | −11.9 |
| Q2 FY2019CQ3 2018 | Oct 26, 2018 | 18.9% | +3.6 |
| Q1 FY2019CQ2 2018 | Jul 27, 2018 | 17.2% | +6.6 |
| Q4 FY2018CQ1 2018 | Apr 27, 2018 | 19.0% | +5.0 |
| Q3 FY2018CQ4 2017 | Jan 26, 2018 | 31.8% | +18.8 |
| Q2 FY2018CQ3 2017 | Oct 27, 2017 | 15.3% | +4.7 |
| Q1 FY2018CQ2 2017 | Jul 28, 2017 | 10.6% | – |
| Q4 FY2017CQ1 2017 | Apr 28, 2017 | 14.0% | – |
| Q3 FY2017CQ4 2016 | Jan 27, 2017 | 13.0% | – |
| Q2 FY2017CQ3 2016 | Oct 28, 2016 | 10.6% | – |
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