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NetApp, Inc.

NTAP·NASDAQ·USD

227.58+5.50 (+2.48%)
Regular-session close·Definitions
Price history1995-11-21 — 2026-10-23Valid trading days: 7,781 · Available range · History update delayed
Operating history2009-07-31 — 2026-07-3113 historical metrics · 17 workpaper periods
Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The history starts with the provider’s first actual observation; this starting point is not a verified initial listing date.

The earliest available price is not proof of the listing date. Coverage since listing remains unverified.

Security basis: The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

first-provider-observation-listing-date-not-verified

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

View sources and versions ↗
Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2009-07-31 — 2026-07-31 · Valid observations: 188. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.

  • Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history
Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

Add metrics 4
Available metrics: 13

Financials and cash flow

Last value in range
NTAP Share priceTrading day
USD50100150200250215.48
Gross marginQuarterly observations
%70809078
Operating marginQuarterly observations
%222426283026.6
Net marginQuarterly observations
%1820222420.6
(CFO − cash purchases of PP&E) / revenueQuarterly observations
%182022242625.10.2326.01.0126.04.0126.07.0126.10.2322

Time rangeNTAP Share price

2025-10-23 — 2026-10-23
Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Some daily market or calendar coverage is unverified. Only consecutive calendar dates are connected; gaps between dates are not assumed to be complete. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Underlying data Operating metrics: 4
Observations in this chart, including unverified periods or dates · original values and source versions retained
Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period endGross margin% · Calculated from disclosuresOperating margin% · Calculated from disclosuresNet margin% · Calculated from disclosures(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2026-07-312026-07-3178.01%
Basis · Calculated from disclosures

Source version date: 2026-09-02

View calculation inputs · 4 items
Currency
USD
grossProfit
1,419,000,000
Revenue
1,819,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:GrossProfit
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
1,419,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
1
sourceIds
0
ntap-sec-0001193125-26-380207
1
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
1,819,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
1
sourceIds
0
ntap-sec-0001193125-26-380207
NTAP · 10-Q · Filing version 2026-09-02
26.61%
Basis · Calculated from disclosures

Source version date: 2026-09-02

View calculation inputs · 4 items
Currency
USD
operatingIncome
484,000,000
Revenue
1,819,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
484,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
1
sourceIds
0
ntap-sec-0001193125-26-380207
1
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
1,819,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
1
sourceIds
0
ntap-sec-0001193125-26-380207
NTAP · 10-Q · Filing version 2026-09-02
20.62%
Basis · Calculated from disclosures

Source version date: 2026-09-02

View calculation inputs · 4 items
Currency
USD
Net income
375,000,000
Revenue
1,819,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
375,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
1
sourceIds
0
ntap-sec-0001193125-26-380207
1
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
1,819,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
1
sourceIds
0
ntap-sec-0001193125-26-380207
NTAP · 10-Q · Filing version 2026-09-02
22.05%
Basis · Calculated from disclosures

Source version date: 2026-09-02

View calculation inputs · 5 items
Currency
USD
Operating cash flow
503,000,000
Cash capital expenditure
102,000,000
Revenue
1,819,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
503,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
1
sourceIds
0
ntap-sec-0001193125-26-380207
1
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
102,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
-1
sourceIds
0
ntap-sec-0001193125-26-380207
2
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-04-25
Period end
2026-07-31
value
1,819,000,000
Filing date
2026-09-02
form
10-Q
accn
0001193125-26-380207
Input sign
1
sourceIds
0
ntap-sec-0001193125-26-380207
NTAP · 10-Q · Filing version 2026-09-02
Calculations and sources 4 items
Gross margin% · Calculated from disclosures
Calculation basis

Gross profit / revenue × 100

Reading guide

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Operating margin% · Calculated from disclosures
Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Net margin% · Calculated from disclosures
Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

NetApp, Inc.. The quote provider classifies its industry as Electronic Components. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings
Legal name
NetApp, Inc.
Exchange / quote currency
NASDAQ / USD
Reporting currency
USD
Source industry classification
Electronic Components
Financial period end / Source version used
2026-07-31 / 2026-09-02
Value-chain roles (not revenue shares)
Memory and storage (HBM + nearline)
Check SEC filings index ↗

Related companies in the value chain

Shared value-chain roles do not establish direct peer status or valuation comparability.
MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

227.58 +2.48%
2026-07-23 — 2026-10-23Price change over the selected period +30.88%
Provider split-adjusted prices excluding dividends, USD. Recorded trading days are equally spaced from 2026-07-23 to 2026-10-23 (66 trading days). Volume is shown separately in shares.USD140160180200220240260215.48Volume · shares2026-07-23 Volume 1,736,800 shares2026-07-24 Volume 1,231,400 shares2026-07-27 Volume 1,723,300 shares2026-07-28 Volume 2,786,500 shares2026-07-29 Volume 3,758,500 shares2026-07-30 Volume 1,995,200 shares2026-07-31 Volume 1,829,900 shares2026-08-03 Volume 1,964,500 shares2026-08-04 Volume 3,765,900 shares2026-08-05 Volume 3,314,200 shares2026-08-06 Volume 2,654,400 shares2026-08-07 Volume 1,740,200 shares2026-08-10 Volume 4,075,600 shares2026-08-11 Volume 2,065,400 shares2026-08-12 Volume 1,583,600 shares2026-08-13 Volume 3,424,600 shares2026-08-14 Volume 2,338,400 shares2026-08-17 Volume 2,106,600 shares2026-08-18 Volume 2,425,400 shares2026-08-19 Volume 2,727,300 shares2026-08-20 Volume 2,171,700 shares2026-08-21 Volume 1,612,300 shares2026-08-24 Volume 2,277,000 shares2026-08-25 Volume 1,738,600 shares2026-08-26 Volume 1,709,900 shares2026-08-27 Volume 2,142,000 shares2026-08-28 Volume 1,497,500 shares2026-08-31 Volume 3,066,200 shares2026-09-01 Volume 2,358,900 shares2026-09-02 Volume 3,973,500 shares2026-09-03 Volume 6,230,300 shares2026-09-04 Volume 2,247,400 shares2026-09-08 Volume 2,502,900 shares2026-09-09 Volume 2,037,600 shares2026-09-10 Volume 1,878,500 shares2026-09-11 Volume 2,608,900 shares2026-09-14 Volume 2,019,300 shares2026-09-15 Volume 2,422,200 shares2026-09-16 Volume 1,918,000 shares2026-09-17 Volume 1,898,600 shares2026-09-18 Volume 4,828,100 shares2026-09-21 Volume 1,801,200 shares2026-09-22 Volume 2,287,300 shares2026-09-23 Volume 1,670,600 shares2026-09-24 Volume 2,347,800 shares2026-09-25 Volume 1,425,900 shares2026-09-28 Volume 2,947,700 shares2026-09-29 Volume 2,717,000 shares2026-09-30 Volume 3,193,300 shares2026-10-01 Volume 2,348,700 shares2026-10-02 Volume 5,062,600 shares2026-10-05 Volume 3,365,400 shares2026-10-06 Volume 2,842,900 shares2026-10-07 Volume 3,003,500 shares2026-10-08 Volume 2,267,400 shares2026-10-09 Volume 1,608,300 shares2026-10-12 Volume 2,369,700 shares2026-10-13 Volume 2,359,300 shares2026-10-14 Volume 3,148,800 shares2026-10-15 Volume 2,899,200 shares2026-10-16 Volume 3,217,500 shares2026-10-19 Volume 1,693,500 shares2026-10-20 Volume 1,470,200 shares2026-10-21 Volume 1,255,700 shares2026-10-22 Volume 1,641,100 shares2026-10-23 Volume 1,700,100 shares6.2M007-2308-1409-0910-0110-23
Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 7781 / trading dates: 7781Market data source
MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close
222.08
Session open
224.64
Session range
223.70 – 231.56
Session volume
1.23 M
20 Average daily volume
2.56 M
Historical range
1.08 – 240.87

Valuation and cash

Market cap · USD
45.37 B
Price / sales · TTM
6.81
Free cash flow yield
3.64%

Financial denominator

Revenue · TTM
6.66 B USD
Period end
2026-07-31
Source version
2026-09-02

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-07-31

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-07-31Source version used 2026-09-02 · Original currency USD
USD · Quarter
Current period 2026-04-25 — 2026-07-31Comparison period 2025-04-26 — 2025-07-25
Financial comparison of two defined periods; expand values for source records
Line itemCurrent periodComparison periodAmount changeGrowth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive
1.82 B

Raw value 1,819,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

1.40 B

Raw value 1,398,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

+421.00 M+30.11%
Gross profitGross margin 78.01% · Change -0.53 percentage points
1.42 B

Raw value 1,419,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

1.10 B

Raw value 1,098,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

+321.00 M+29.23%
Operating incomeOperating margin 26.61% · Change +4.51 percentage points
484.00 M

Raw value 484,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

309.00 M

Raw value 309,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

+175.00 M+56.63%
Net incomeNet margin 20.62% · Change +3.95 percentage points
375.00 M

Raw value 375,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

233.00 M

Raw value 233,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

+142.00 M+60.94%
Operating cash flowOperating cash flow / revenue 27.65% · Change -20.49 percentage points
503.00 M

Raw value 503,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

673.00 M

Raw value 673,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

-170.00 M-25.26%
Capital expenditureCapital expenditure / revenue 5.61% · Change +1.82 percentage points
102.00 M

Raw value 102,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

53.00 M

Raw value 53,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

+49.00 M+92.45%

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials
Comparable-period financial trends
Last value in range
USD million05001k1.5k2k2009.072013.012016.012019.012022.012026.071.82k484375

Time rangeRevenue

2009-07-31 — 2026-07-31
Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD2009-07-312009-10-302010-01-292010-04-302010-07-302010-10-292011-01-282011-04-292011-07-292011-10-282012-01-272012-04-272012-07-272012-10-262013-01-252025-07-252026-07-31
Revenue
838.00 M

Raw value 838,000,000.00 USD

2009-04-25 — 2009-07-31 · USD · Reported data

910.00 M

Raw value 910,000,000.00 USD

2009-08-01 — 2009-10-30 · USD · Reported data

1.01 B

Raw value 1,011,700,000.00 USD

2009-10-31 — 2010-01-29 · USD · Reported data

1.17 B

Raw value 1,171,700,000.00 USD

2010-01-30 — 2010-04-30 · USD · Reported data

1.15 B

Raw value 1,153,700,000.00 USD

2010-05-01 — 2010-07-30 · USD · Reported data

1.25 B

Raw value 1,251,000,000.00 USD

2010-07-31 — 2010-10-29 · USD · Reported data

1.29 B

Raw value 1,289,600,000.00 USD

2010-10-30 — 2011-01-28 · USD · Reported data

1.43 B

Raw value 1,428,300,000.00 USD

2011-01-29 — 2011-04-29 · USD · Reported data

1.46 B

Raw value 1,458,200,000.00 USD

2011-04-30 — 2011-07-29 · USD · Reported data

1.51 B

Raw value 1,507,000,000.00 USD

2011-07-30 — 2011-10-28 · USD · Reported data

1.57 B

Raw value 1,565,500,000.00 USD

2011-10-29 — 2012-01-27 · USD · Reported data

1.70 B

Raw value 1,702,500,000.00 USD

2012-01-28 — 2012-04-27 · USD · Reported data

1.44 B

Raw value 1,444,600,000.00 USD

2012-04-28 — 2012-07-27 · USD · Reported data

1.54 B

Raw value 1,541,200,000.00 USD

2012-07-28 — 2012-10-26 · USD · Reported data

1.63 B

Raw value 1,630,100,000.00 USD

2012-10-27 — 2013-01-25 · USD · Reported data

1.40 B

Raw value 1,398,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

1.82 B

Raw value 1,819,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

Gross profit
522.50 M

Raw value 522,500,000.00 USD

2009-04-25 — 2009-07-31 · USD · Reported data

606.70 M

Raw value 606,700,000.00 USD

2009-08-01 — 2009-10-30 · USD · Reported data

641.50 M

Raw value 641,500,000.00 USD

2009-10-31 — 2010-01-29 · USD · Reported data

748.50 M

Raw value 748,500,000.00 USD

2010-01-30 — 2010-04-30 · USD · Reported data

737.80 M

Raw value 737,800,000.00 USD

2010-05-01 — 2010-07-30 · USD · Reported data

816.50 M

Raw value 816,500,000.00 USD

2010-07-31 — 2010-10-29 · USD · Reported data

846.20 M

Raw value 846,200,000.00 USD

2010-10-30 — 2011-01-28 · USD · Reported data

928.20 M

Raw value 928,200,000.00 USD

2011-01-29 — 2011-04-29 · USD · Reported data

896.90 M

Raw value 896,900,000.00 USD

2011-04-30 — 2011-07-29 · USD · Reported data

913.00 M

Raw value 913,000,000.00 USD

2011-07-30 — 2011-10-28 · USD · Reported data

908.50 M

Raw value 908,500,000.00 USD

2011-10-29 — 2012-01-27 · USD · Reported data

995.00 M

Raw value 995,000,000.00 USD

2012-01-28 — 2012-04-27 · USD · Reported data

850.10 M

Raw value 850,100,000.00 USD

2012-04-28 — 2012-07-27 · USD · Reported data

913.90 M

Raw value 913,900,000.00 USD

2012-07-28 — 2012-10-26 · USD · Reported data

964.90 M

Raw value 964,900,000.00 USD

2012-10-27 — 2013-01-25 · USD · Reported data

1.10 B

Raw value 1,098,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

1.42 B

Raw value 1,419,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

Operating income
70.80 M

Raw value 70,800,000.00 USD

2009-04-25 — 2009-07-31 · USD · Reported data

115.40 M

Raw value 115,400,000.00 USD

2009-08-01 — 2009-10-30 · USD · Reported data

129.30 M

Raw value 129,300,000.00 USD

2009-10-31 — 2010-01-29 · USD · Reported data

172.90 MDerived by subtraction

Raw value 172,900,000.00 USD

2010-01-30 — 2010-04-30 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2009-04-25 — 2010-04-30 · 488.40 M USD · Source version 2012-06-19
  • Subtract: 2009-04-25 — 2010-01-29 · 315.50 M USD · Source version 2011-03-04
177.60 M

Raw value 177,600,000.00 USD

2010-05-01 — 2010-07-30 · USD · Reported data

212.80 M

Raw value 212,800,000.00 USD

2010-07-31 — 2010-10-29 · USD · Reported data

221.00 M

Raw value 221,000,000.00 USD

2010-10-30 — 2011-01-28 · USD · Reported data

212.90 MDerived by subtraction

Raw value 212,900,000.00 USD

2011-01-29 — 2011-04-29 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2010-05-01 — 2011-04-29 · 824.30 M USD · Source version 2013-06-17
  • Subtract: 2010-05-01 — 2011-01-28 · 611.40 M USD · Source version 2012-03-05
176.20 M

Raw value 176,200,000.00 USD

2011-04-30 — 2011-07-29 · USD · Reported data

192.40 M

Raw value 192,400,000.00 USD

2011-07-30 — 2011-10-28 · USD · Reported data

156.50 M

Raw value 156,500,000.00 USD

2011-10-29 — 2012-01-27 · USD · Reported data

221.40 MDerived by subtraction

Raw value 221,400,000.00 USD

2012-01-28 — 2012-04-27 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2011-04-30 — 2012-04-27 · 746.50 M USD · Source version 2014-06-17
  • Subtract: 2011-04-30 — 2012-01-27 · 525.10 M USD · Source version 2013-02-28
80.20 M

Raw value 80,200,000.00 USD

2012-04-28 — 2012-07-27 · USD · Reported data

135.30 M

Raw value 135,300,000.00 USD

2012-07-28 — 2012-10-26 · USD · Reported data

187.90 M

Raw value 187,900,000.00 USD

2012-10-27 — 2013-01-25 · USD · Reported data

309.00 M

Raw value 309,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

484.00 M

Raw value 484,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

Net income
51.70 M

Raw value 51,700,000.00 USD

2009-04-25 — 2009-07-31 · USD · Reported data

95.70 M

Raw value 95,700,000.00 USD

2009-08-01 — 2009-10-30 · USD · Reported data

107.90 M

Raw value 107,900,000.00 USD

2009-10-31 — 2010-01-29 · USD · Reported data

145.10 M

Raw value 145,100,000.00 USD

2010-01-30 — 2010-04-30 · USD · Reported data

150.70 M

Raw value 150,700,000.00 USD

2010-05-01 — 2010-07-30 · USD · Reported data

175.40 M

Raw value 175,400,000.00 USD

2010-07-31 — 2010-10-29 · USD · Reported data

186.40 M

Raw value 186,400,000.00 USD

2010-10-30 — 2011-01-28 · USD · Reported data

160.60 M

Raw value 160,600,000.00 USD

2011-01-29 — 2011-04-29 · USD · Reported data

139.50 M

Raw value 139,500,000.00 USD

2011-04-30 — 2011-07-29 · USD · Reported data

165.60 M

Raw value 165,600,000.00 USD

2011-07-30 — 2011-10-28 · USD · Reported data

119.60 M

Raw value 119,600,000.00 USD

2011-10-29 — 2012-01-27 · USD · Reported data

180.70 M

Raw value 180,700,000.00 USD

2012-01-28 — 2012-04-27 · USD · Reported data

63.80 M

Raw value 63,800,000.00 USD

2012-04-28 — 2012-07-27 · USD · Reported data

109.60 M

Raw value 109,600,000.00 USD

2012-07-28 — 2012-10-26 · USD · Reported data

158.10 M

Raw value 158,100,000.00 USD

2012-10-27 — 2013-01-25 · USD · Reported data

233.00 M

Raw value 233,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

375.00 M

Raw value 375,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

Operating cash flow
38.20 M

Raw value 38,200,000.00 USD

2009-04-25 — 2009-07-31 · USD · Reported data

267.30 MDerived by subtraction

Raw value 267,300,000.00 USD

2009-08-01 — 2009-10-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2009-04-25 — 2009-10-30 · 305.50 M USD · Source version 2010-12-06
  • Subtract: 2009-04-25 — 2009-07-31 · 38.20 M USD · Source version 2010-09-13
194.90 MDerived by subtraction

Raw value 194,900,000.00 USD

2009-10-31 — 2010-01-29 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2009-04-25 — 2010-01-29 · 500.40 M USD · Source version 2011-03-04
  • Subtract: 2009-04-25 — 2009-10-30 · 305.50 M USD · Source version 2010-12-06
474.60 MDerived by subtraction

Raw value 474,600,000.00 USD

2010-01-30 — 2010-04-30 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2009-04-25 — 2010-04-30 · 975.00 M USD · Source version 2012-06-19
  • Subtract: 2009-04-25 — 2010-01-29 · 500.40 M USD · Source version 2011-03-04
177.30 M

Raw value 177,300,000.00 USD

2010-05-01 — 2010-07-30 · USD · Reported data

355.80 MDerived by subtraction

Raw value 355,800,000.00 USD

2010-07-31 — 2010-10-29 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2010-05-01 — 2010-10-29 · 533.10 M USD · Source version 2011-12-05
  • Subtract: 2010-05-01 — 2010-07-30 · 177.30 M USD · Source version 2011-09-01
354.40 MDerived by subtraction

Raw value 354,400,000.00 USD

2010-10-30 — 2011-01-28 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2010-05-01 — 2011-01-28 · 887.50 M USD · Source version 2012-03-05
  • Subtract: 2010-05-01 — 2010-10-29 · 533.10 M USD · Source version 2011-12-05
458.80 MDerived by subtraction

Raw value 458,800,000.00 USD

2011-01-29 — 2011-04-29 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2010-05-01 — 2011-04-29 · 1.35 B USD · Source version 2012-06-19
  • Subtract: 2010-05-01 — 2011-01-28 · 887.50 M USD · Source version 2012-03-05
240.60 M

Raw value 240,600,000.00 USD

2011-04-30 — 2011-07-29 · USD · Reported data

370.20 MDerived by subtraction

Raw value 370,200,000.00 USD

2011-07-30 — 2011-10-28 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2011-04-30 — 2011-10-28 · 610.80 M USD · Source version 2011-12-05
  • Subtract: 2011-04-30 — 2011-07-29 · 240.60 M USD · Source version 2011-09-01
269.20 MDerived by subtraction

Raw value 269,200,000.00 USD

2011-10-29 — 2012-01-27 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2011-04-30 — 2012-01-27 · 880.00 M USD · Source version 2012-03-05
  • Subtract: 2011-04-30 — 2011-10-28 · 610.80 M USD · Source version 2011-12-05
582.60 MDerived by subtraction

Raw value 582,600,000.00 USD

2012-01-28 — 2012-04-27 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2011-04-30 — 2012-04-27 · 1.46 B USD · Source version 2012-06-19
  • Subtract: 2011-04-30 — 2012-01-27 · 880.00 M USD · Source version 2012-03-05
———
673.00 M

Raw value 673,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

503.00 M

Raw value 503,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

Capital expenditure
24.70 M

Raw value 24,700,000.00 USD

2009-04-25 — 2009-07-31 · USD · Reported data

22.80 MDerived by subtraction

Raw value 22,800,000.00 USD

2009-08-01 — 2009-10-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2009-04-25 — 2009-10-30 · 47.50 M USD · Source version 2010-12-06
  • Subtract: 2009-04-25 — 2009-07-31 · 24.70 M USD · Source version 2010-09-13
49.70 MDerived by subtraction

Raw value 49,700,000.00 USD

2009-10-31 — 2010-01-29 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2009-04-25 — 2010-01-29 · 97.20 M USD · Source version 2011-03-04
  • Subtract: 2009-04-25 — 2009-10-30 · 47.50 M USD · Source version 2010-12-06
38.40 MDerived by subtraction

Raw value 38,400,000.00 USD

2010-01-30 — 2010-04-30 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2009-04-25 — 2010-04-30 · 135.60 M USD · Source version 2012-06-19
  • Subtract: 2009-04-25 — 2010-01-29 · 97.20 M USD · Source version 2011-03-04
40.20 M

Raw value 40,200,000.00 USD

2010-05-01 — 2010-07-30 · USD · Reported data

43.30 MDerived by subtraction

Raw value 43,300,000.00 USD

2010-07-31 — 2010-10-29 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2010-05-01 — 2010-10-29 · 83.50 M USD · Source version 2011-12-05
  • Subtract: 2010-05-01 — 2010-07-30 · 40.20 M USD · Source version 2011-09-01
66.30 MDerived by subtraction

Raw value 66,300,000.00 USD

2010-10-30 — 2011-01-28 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2010-05-01 — 2011-01-28 · 149.80 M USD · Source version 2012-03-05
  • Subtract: 2010-05-01 — 2010-10-29 · 83.50 M USD · Source version 2011-12-05
72.90 MDerived by subtraction

Raw value 72,900,000.00 USD

2011-01-29 — 2011-04-29 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2010-05-01 — 2011-04-29 · 222.70 M USD · Source version 2013-06-17
  • Subtract: 2010-05-01 — 2011-01-28 · 149.80 M USD · Source version 2012-03-05
98.30 M

Raw value 98,300,000.00 USD

2011-04-30 — 2011-07-29 · USD · Reported data

93.30 MDerived by subtraction

Raw value 93,300,000.00 USD

2011-07-30 — 2011-10-28 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2011-04-30 — 2011-10-28 · 191.60 M USD · Source version 2012-11-30
  • Subtract: 2011-04-30 — 2011-07-29 · 98.30 M USD · Source version 2012-08-30
91.30 MDerived by subtraction

Raw value 91,300,000.00 USD

2011-10-29 — 2012-01-27 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2011-04-30 — 2012-01-27 · 282.90 M USD · Source version 2013-02-28
  • Subtract: 2011-04-30 — 2011-10-28 · 191.60 M USD · Source version 2012-11-30
124.20 MDerived by subtraction

Raw value 124,200,000.00 USD

2012-01-28 — 2012-04-27 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2011-04-30 — 2012-04-27 · 407.10 M USD · Source version 2014-06-17
  • Subtract: 2011-04-30 — 2012-01-27 · 282.90 M USD · Source version 2013-02-28
61.90 M

Raw value 61,900,000.00 USD

2012-04-28 — 2012-07-27 · USD · Reported data

67.10 MDerived by subtraction

Raw value 67,100,000.00 USD

2012-07-28 — 2012-10-26 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2012-04-28 — 2012-10-26 · 129.00 M USD · Source version 2013-11-26
  • Subtract: 2012-04-28 — 2012-07-27 · 61.90 M USD · Source version 2013-08-29
110.70 MDerived by subtraction

Raw value 110,700,000.00 USD

2012-10-27 — 2013-01-25 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2012-04-28 — 2013-01-25 · 239.70 M USD · Source version 2014-02-26
  • Subtract: 2012-04-28 — 2012-10-26 · 129.00 M USD · Source version 2013-11-26
53.00 M

Raw value 53,000,000.00 USD

2025-04-26 — 2025-07-25 · USD · Reported data

102.00 M

Raw value 102,000,000.00 USD

2026-04-25 — 2026-07-31 · USD · Reported data

Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗
Disclosed events

Arrow Electronics, Inc. · Customer

Channel concentration: Arrow Electronics, Inc. accounted for 22% of NetApp's net revenues in fiscal 2026, 21% in fiscal 2025 and 22% in fiscal 2024; NetApp discloses that its two major customers together represented 43% of fiscal 2026 net revenues. [1]

Disclosed events

TD SYNNEX Corporation · Customer

Channel concentration: Tech Data Corporation (TD SYNNEX group), named in the filing, accounted for 21% of NetApp's net revenues in fiscal 2026, 24% in fiscal 2025 and 22% in fiscal 2024. [2]

Disclosed events

Microsoft · Supply

First-party embedded cloud storage: NetApp's fully managed cloud storage offering, based on the same ONTAP data management software that underpins its on-premises systems, is available natively on Microsoft Azure as Azure NetApp Files, as named in the 10-K. [3]

Disclosed events

Amazon · Supply

First-party embedded cloud storage: NetApp's ONTAP-based fully managed cloud storage offering is available natively on AWS as Amazon FSx for NetApp ONTAP, as named in the 10-K. [4]

View remaining recorded events (1)
Disclosed events

Alphabet · Supply

First-party embedded cloud storage: NetApp's ONTAP-based fully managed cloud storage offering is available natively on Google Cloud as Google Cloud NetApp Volumes, as named in the 10-K. [5]

Included financial source versions
  1. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-07-31. The same document includes multiple comparison periods.

  2. 10-K Original financial filings ↗

    This page cites periods ending through 2026-04-24. The same document includes multiple comparison periods.

  3. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-01-23. The same document includes multiple comparison periods.

  4. 10-Q Original financial filings ↗

    This page cites periods ending through 2025-10-24. The same document includes multiple comparison periods.

  5. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-07-26.

  6. 10-K Original financial filings ↗

    This page cites periods ending through 2023-04-28.

Showing the latest 6 recorded source versions. Find the remaining 59 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Direct relationships: 5 · Excluded by current filters: 0

Downstream demand

5 companies
2026-04-241 record
2026-04-241 record
↗
2026-04-241 record
↗
2026-04-241 record
↗
2026-04-241 record

Upstream supply、Capital sources、Capital deployed: no records under the current criteria; this does not establish that a business relationship is absent.

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Downstream demand · Customer

NTAP Arrow Electronics

Signed / existingA · Original filing

What this relationship establishes

Channel distribution concentration

Relationship type
Customer

Recorded as signed or existing; performance progress requires separate verification

Amount basis
Amount classification not yet structured

No attributable amount is available for this record. This does not mean the amount is zero.

A period-by-period schedule of payments and revenue recognition has not been established. The recorded amount is not converted into current-period revenue, cash paid or stock-price impact.

Attribution
Applies to this relationship; the original document determines the specific legal entities and attribution.
Concentration
22% Revenue share from the original record; the applicable period is retained below

Arrow Electronics accounted for 22% of NetApp's FY2026 net revenue

Use the original disclosure period. Do not multiply this ratio by the latest quarterly revenue or assume it is the current revenue share.

Complete record and source location

Channel concentration: Arrow Electronics, Inc. accounted for 22% of NetApp's net revenues in fiscal 2026, 21% in fiscal 2025 and 22% in fiscal 2024; NetApp discloses that its two major customers together represented 43% of fiscal 2026 net revenues.

A · Original filing

NetApp FY2026 Form 10-K (filed 2026-06-05, FY ended 2026-04-24), Note 14 Segment, Geographic and Significant Customer Information

Customer demand and execution

The excerpts below come from this record. Verify signed status separately from actual completion.

  • This record does not specify performance milestones, payment arrangements or termination provisions.
Inputs still needed to quantify the impact
  • The relevant business's revenue or purchase amount and the denominator used
  • Order obligations, pricing and cost pass-through provisions
  • Execution progress, collection schedule and substitutability

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

  1. Supply and demand terms

    NTAP supplies products or services to Arrow Electronics; a customer list is not an irrevocable order.

  2. Operating process

    Verify orders, performance, invoicing and collections; monitor changes in customer demand, product mix and selling prices.

  3. Financial outcomes

    Assess whether incremental revenue, costs and gross profit, accounts receivable and operating cash flows are consistent.

  4. Testing price implications

    First verify the sustainability of earnings and cash flows, then compare valuations; do not infer share-price upside directly from a partnership announcement.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

NTAP · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.
Operating metricLatest valueDefinition and boundaries
Gross margin ↗2026-07-31 · Research calculation78.01%
Definition and boundaries

Gross profit / revenue × 100

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating margin ↗2026-07-31 · Research calculation26.61%
Definition and boundaries

Operating income / revenue × 100

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Net margin ↗2026-07-31 · Research calculation20.62%
Definition and boundaries

Selected net-income concept / revenue × 100

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / revenue ↗2026-07-31 · Research calculation27.65%
Definition and boundaries

Operating cash flow / revenue × 100

Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(CFO − cash purchases of PP&E) / revenue ↗2026-07-31 · Research calculation22.05%
Definition and boundaries

(Operating cash flow − cash purchases of PP&E) / revenue × 100

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (8)
Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.
Operating metricLatest valueDefinition and boundaries
Revenue growth YoY ↗2026-07-31 · Research calculation30.11%
Definition and boundaries

(Current-period revenue / comparable prior-year revenue − 1) × 100

Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / net income ↗2026-07-31 · Research calculation1.34 x
Definition and boundaries

Operating cash flow / net income(Net income > 0)

Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(Net income − operating cash flow) / revenue ↗2026-07-31 · Research calculation-7.04%
Definition and boundaries

(Net income − operating cash flow) / revenue × 100

The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Days sales outstanding (average balance) ↗2026-07-31 · Research calculation60.66 days
Definition and boundaries

(Opening net receivables + closing net receivables) / 2 / revenue × actual days in the period

A company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Days inventory outstanding (average balance) ↗2026-07-31 · Research calculation70.19 days
Definition and boundaries

(Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the period

Costs are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Days payable outstanding (average balance) ↗2026-07-31 · Research calculation136.71 days
Definition and boundaries

(Opening accounts payable + closing accounts payable) / 2 / (revenue − gross profit) × actual days in the period

Cost of revenue is used as a proxy for purchases and may include non-purchasing costs. This is not a supplier payment term and does not separate supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Cash conversion cycle (average balances) ↗2026-07-31 · Research calculation-5.85 days
Definition and boundaries

Average-balance DSO + DIO − DPO

Calculated only when all three balances, revenue and costs are available. This company-wide turnover proxy does not replace analysis of contract assets, customer prepayments or supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.
Operating metricLatest valueDefinition and boundaries
Cash purchases of PP&E / revenue ↗2026-07-31 · Research calculation5.61%
Definition and boundaries

Cash purchases of PP&E / revenue × 100

Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 6 companies · Memory and storage (HBM + nearline)

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology
13 / 13 items
Operating metricLatest valuePeriod / classificationDefinition and interpretation boundariesAnalysis
Revenue growth YoY30.11%2026-07-31Research calculation(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Gross margin78.01%2026-07-31Research calculationGross profit / revenue × 100Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating margin26.61%2026-07-31Research calculationOperating income / revenue × 100Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Net margin20.62%2026-07-31Research calculationSelected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / revenue27.65%2026-07-31Research calculationOperating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(CFO − cash purchases of PP&E) / revenue22.05%2026-07-31Research calculation(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / net income1.34 x2026-07-31Research calculationOperating cash flow / net income(Net income > 0)Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Cash purchases of PP&E / revenue5.61%2026-07-31Research calculationCash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(Net income − operating cash flow) / revenue-7.04%2026-07-31Research calculation(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Days sales outstanding (average balance)60.66 days2026-07-31Research calculation(Opening net receivables + closing net receivables) / 2 / revenue × actual days in the periodA company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Days inventory outstanding (average balance)70.19 days2026-07-31Research calculation(Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the periodCosts are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Days payable outstanding (average balance)136.71 days2026-07-31Research calculation(Opening accounts payable + closing accounts payable) / 2 / (revenue − gross profit) × actual days in the periodCost of revenue is used as a proxy for purchases and may include non-purchasing costs. This is not a supplier payment term and does not separate supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Cash conversion cycle (average balances)-5.85 days2026-07-31Research calculationAverage-balance DSO + DIO − DPOCalculated only when all three balances, revenue and costs are available. This company-wide turnover proxy does not replace analysis of contract assets, customer prepayments or supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions
Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately.

Original verification notes

first-provider-observation-listing-date-not-verified

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

Financial statements

Reporting period 2026-07-31; filed 2026-09-02. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 5 · Documents: 3 · Duplicate documents are grouped; individual source locations are retained

1NetApp FY2026 Form 10-K (filed 2026-06-05, FY ended 2026-04-24), Note 14 Segment, Geographic and Significant Customer InformationValue-chain archive

NetApp FY2026 Form 10-K (filed 2026-06-05, FY ended 2026-04-24), Note 14 Segment, Geographic and Significant Customer Information · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
2NetApp FY2026 Form 10-K (filed 2026-06-05), Note 14 Segment, Geographic and Significant Customer InformationValue-chain archive

NetApp FY2026 Form 10-K (filed 2026-06-05), Note 14 Segment, Geographic and Significant Customer Information · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
3NetApp FY2026 Form 10-K (filed 2026-06-05), Item 1 Business — cloud storage servicesValue-chain archive · 3 citations
References 3

NetApp FY2026 Form 10-K (filed 2026-06-05), Item 1 Business — cloud storage services · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 4

NetApp FY2026 Form 10-K (filed 2026-06-05), Item 1 Business — cloud storage services · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 5

NetApp FY2026 Form 10-K (filed 2026-06-05), Item 1 Business — cloud storage services · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
Missing evidence
  • Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
  • Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.
Unresolved business questions
Which products, customers and revenue categories can be independently verified from primary materials?
Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.
Relationships
Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version
60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644

ResearchSource document

Sources: 19
01NTAP · 10-K · Filing version 2011-06-23

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
02NTAP · 10-Q/A · Filing version 2010-09-13

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
03NTAP · 10-Q · Filing version 2010-12-06

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
04NTAP · 10-Q · Filing version 2011-03-04

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
05NTAP · 10-K · Filing version 2012-06-19

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
06NTAP · 10-Q · Filing version 2011-09-01

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
07NTAP · 10-Q · Filing version 2011-12-05

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
08NTAP · 10-Q · Filing version 2012-03-05

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
09NTAP · 10-K · Filing version 2013-06-17

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
10NTAP · 10-Q · Filing version 2012-08-30

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
11NTAP · 10-Q · Filing version 2012-11-30

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
12NTAP · 10-Q · Filing version 2013-02-28

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
13NTAP · 10-K · Filing version 2014-06-17

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
14NTAP · 10-Q · Filing version 2013-08-29

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
15NTAP · 10-Q · Filing version 2013-11-26

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
16NTAP · 10-Q · Filing version 2014-02-26

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
17NTAP · 10-Q · Filing version 2026-09-02

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
18NTAP · 10-K · Filing version 2026-06-05

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
19NTAP · 10-Q · Filing version 2025-08-27

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure