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NetApp, Inc.

NTAP · NMS
$196.33+1.77%
52W Low: $93.6952W High: $209.06
Current: $196.33  ·  89% of 52-week range
TechnologySoftware - InfrastructureNMS
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NetApp, Inc. (NTAP) is a technology company in the software - infrastructure industry with $7.39B in trailing revenue trading at a 27.2× trailing P/E — analyst consensus: buy.

NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their 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 help customers 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. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

Key Statistics

Market Cap$38.56B
Revenue (TTM)$7.39B
EPS (TTM)$7.21
EPS (Fwd est.)$11.12
Employees11,700
Trailing P/E27.23
Forward P/E17.65
PEG Ratio2.14
Price / Sales5.22
Price / Book25.74
EV / EBITDA17.91
Beta (5Y)1.43

Analyst Consensus

Consensus
Buy
Analyst Price Target
+0.3% upside
Target: $197.00

Annual Revenue & Net Income

RevenueNet Income
'23
$6.36B
$1.27B
'24
$6.27B
$990.00M
'25
$6.57B
$1.19B
'26
$6.92B
$1.28B

Earnings History


QuarterActual EPSEstimateResult
May 2026
$2.43
$2.27Beat (+7.2%)
Feb 2026
$2.12
$2.06Beat (+2.8%)
Nov 2025
$2.05
$1.88Beat (+8.8%)
Aug 2025
$1.55
$1.54Beat (+0.7%)

Next Earnings Report

NetApp, Inc. is next expected to report earnings on 01 Dec 2026.

Profitability

70.6%
26.7%
19.2%
Gross
Margin
Operating
Margin
Net
Margin
Revenue Growth (YoY)29.9%
Return on Equity114.8%
Return on Assets11.7%

Balance Sheet

Cash & Equivalents$3.58B
Total Debt$2.53B
Net Position$1.04B (net cash)
Free Cash Flow (TTM)$1.17B
Debt / Equity169.50

Share Ownership

Institutions 102.0%
Insiders 0.4%
Institutional figure exceeds 100% due to short selling

Dividend

Annual Rate
$2.08
Yield
1.08%
Payout Ratio
29.4%
Ex-Dividend Date
09 Oct 2026
5Y Avg Yield
2.23%

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Frequently Asked Questions

What does NetApp, Inc. (NTAP) do?
NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their 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, NetAp…
What is NTAP's market cap?
NetApp, Inc. has a market capitalization of approximately $38.56B.
What is NTAP's P/E ratio?
NetApp, Inc. trades at a trailing P/E ratio of 27.2x and a forward P/E of 17.6x, which is above the broad market average of ~25x.
How much revenue does NTAP generate?
NetApp, Inc. generated $7.39B in trailing 12-month revenue.
What do analysts say about NTAP?
The analyst consensus rating for NetApp, Inc. is buy, with a mean price target of $197.00. That implies +0.3% upside from the current price.
When does NTAP report earnings?
NetApp, Inc. is next scheduled to report earnings on 01 Dec 2026.
Does NTAP pay a dividend?
Yes. NetApp, Inc. pays a dividend with a current yield of 1.08%, at an annual rate of $2.08 per share.

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