SuperworthNetApp NTAP
- Market cap
- $42.3B
- PE
- 30.3×
- 10y median 21.0×
- Forward PE
- 21.7×
- 10y median 14.7×
- Price to sales
- 5.7×
- EV/EBIT
- 22.3×
- Revenue, 12 months
- $7.4B
- +12% on a year ago
- Net margin
- 19.2%
- Free cash flow yield
- 3.9%
NetApp trades at 30.3× trailing earnings, pricier than 85% of the last ten years. Revenue was $7.4B over the last twelve months, up 12% on a year earlier with a 19% net margin.
Charts
Financials
| Income statement | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.6B−6% | $1.6B+5% | $1.7B+6% | $1.5B+8% | $1.7B+6% | $1.6B+2% | $1.7B+4% | $1.6B+1% | $1.7B+3% | $1.7B+4% | $1.9B+13% | $2B+30% | |
| Cost of revenue | $452M−22% | $455M−13% | $492M−3% | $443M+2% | $481M+6% | $496M+9% | $539M+10% | $461M+4% | $478M−1% | $504M+2% | $583M+8% | $606M+32% |
| Gross profit | $1.1B+2% | $1.2B+15% | $1.2B+9% | $1.1B+10% | $1.2B+6% | $1.1B−1% | $1.2B+1% | $1.1B+0% | $1.2B+4% | $1.2B+6% | $1.4B+14% | $1.4B+29% |
| R&D | $262M+8% | $249M+8% | $271M+12% | $252M+2% | $257M−2% | $247M−1% | $256M−6% | $242M−4% | $251M−2% | $237M−4% | $261M+2% | $274M+13% |
| SG&A | $536M−2% | $520M+2% | $538M+6% | $546M+1% | $562M+5% | $525M+1% | $543M+1% | $545M−0% | $554M−1% | $541M+3% | $573M+6% | $605M+11% |
| $304M+8% | $366M+113% | $366M+18% | $282M+58% | $345M+14% | $362M−1% | $348M−5% | $309M+10% | $399M+16% | $434M+20% | $532M+53% | $484M+57% | |
| Interest expense | $15M−12% | $17M+6% | $16M+0% | $16M+0% | $15M+0% | $12M−29% | $21M+31% | $29M+81% | $26M+73% | $26M+117% | $28M+33% | n/a |
| Pre-tax income | $315M+3% | $382M+116% | $380M+21% | $299M+61% | $360M+14% | $370M−3% | $354M−7% | $304M+2% | $393M+9% | $433M+17% | $518M+46% | $484M+59% |
| $82M | $69M−38% | $89M+29% | $51M+38% | $61M−26% | $71M+3% | $14M−84% | $71M+39% | $88M+44% | $99M+39% | $114M+714% | $109M+54% | |
| Net income | $233M−69% | $313M+382% | $291M+19% | $248M+66% | $299M+28% | $299M−5% | $340M+17% | $233M−6% | $305M+2% | $334M+12% | $404M+19% | $375M+61% |
| $1.10−68% | $1.48+393% | $1.37+21% | $1.17+70% | $1.42+29% | $1.44−3% | $1.65+20% | $1.15−2% | $1.51+6% | $1.67+16% | $2.04+24% | $1.88+64% | |
| 211M−4% | 211M−4% | 213M−2% | 212M−2% | 210M−1% | 208M−1% | 206M−3% | 203M−4% | 202M−4% | 200M−4% | 198M−4% | 200M−2% |
EPS, diluted: 15 periods, Q1 FY11 to Q4 FY26: quarter's net income to common over its shares, to the cent.
Diluted shares: 14 periods, Q4 FY11 to Q4 FY26: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY16: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY18: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q2 FY27 | $2.1B | $2.1B to $2.2B | $2.60 | $2.47 to $2.72 | 13 |
| Q3 FY27 | $2B | $1.9B to $2.1B | $2.37 | $2.12 to $2.76 | 13 |
| Q4 FY27 | $2B | $2B to $2.2B | $2.47 | $2.35 to $2.64 | 9 |
| Q1 FY28 | $2.1B | $2B to $2.2B | $2.50 | $2.38 to $2.68 | 11 |
| Q2 FY28 | $2.2B | $2.1B to $2.3B | $2.79 | $2.65 to $2.98 | 5 |
| Q3 FY28 | $2.2B | $2.1B to $2.3B | $2.86 | $2.72 to $3.06 | 6 |
| Q4 FY28 | $2.3B | $2.2B to $2.4B | $3.15 | $3.00 to $3.37 | 6 |
| Q1 FY29 | $2.2B | $2.1B to $2.3B | $2.80 | $2.66 to $2.99 | 6 |
Peers
Companies in Computer Hardware nearest NetApp's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| NTAPNetApp | $42.3B | 30.3× | 21.0× | 21.7× | 5.7× | +12% | 19.2% |
| PEverpure | $41.1B | 169× | 172× | 37.9× | 9.6× | +27% | 5.9% |
| HPQHP | $30.3B | 12.8× | 9.7× | 11.2× | 0.5× | +8% | 4.1% |
| HPEHewlett Packard Enterprise | $75.3B | 29.5× | 18.6× | 12.2× | 1.8× | +27% | 6.4% |
| SMCISuper Micro Computer | $21.6B | 10.7× | 19.3× | 7.6× | 0.6× | +78% | 5.7% |
| LOGILogitech International | $15.7B | 20.1× | 24.6× | n/m | 3.2× | +7% | 16.3% |
| WDCWestern Digital | $123.9B | 13.3× | 20.3× | 15.5× | 8.6× | +43% | 69.2% |
| STXSeagate Technology | $142.9B | 45.4× | 16.1× | 16.8× | 11.7× | +34% | 26.1% |
| SNDKSandisk | $181.3B | 17.0× | 47.1× | 5.8× | 9.0× | +175% | 56.5% |
| ANETArista Networks | $217.4B | 54.4× | 43.8× | 36.9× | 20.6× | +33% | 38.4% |
| DELLDell Technologies | $290.2B | 26.5× | 18.2× | n/m | 1.9× | +49% | 7.5% |
| Peer median | $99.6B | 23.3× | 19.8× | 13.9× | 5.9× | +33% | 11.9% |
Investors who own it
Investors we follow who held NetApp at the end of Jun 30, 2026, from their 13F filings.
- Lee AinslieMaverick Capital0.0% of portfolionew
More on NetApp
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #5of 24Computer hardware stocks with the highest profit margins
- #10of 12Computer hardware stocks cheapest against their own PE history
Its groups
About
- Industry
- Computer Hardware
- Sector
- Technology
Valuation data, not investment advice. Prices as of .