NetApp (NTAP) Capital Expenditures (2009 - 2026)
NetApp (NTAP) recorded Capital Expenditures of $102 million in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 92.5% from $53 million a year earlier and up 104.0% from the prior quarter.
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Analysis
NetApp (NTAP) Capital Expenditures (2009 - 2026) Analysis & Trends
On a TTM basis, NetApp's Capital Expenditures came in at $247 million as of Jul 31, 2026, up 37.2% year-over-year; for FY2026 (ended Apr 24, 2026), it was $198 million, up 17.9% from FY2025.
- Annual Capital Expenditures has a five-year compound annual growth rate of 4.1% (FY2021 to FY2026).
- Across earlier fiscal years, Capital Expenditures came in at $168 million in FY2025 (+8.4%), $155 million in FY2024 (-35.1%), $239 million in FY2023 (+5.8%) and $226 million in FY2022 (+39.5%).
- The fiscal Q1 2027 figure is the highest quarterly Capital Expenditures since fiscal Q3 2013.
- On a year-over-year basis, Capital Expenditures rose in six of the last eight quarters, with growth averaging 24.6%.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 92.5% in fiscal Q1 2027, against a decline of 50.6% in fiscal Q2 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $50 million (Q4 2026), $46 million (Q3 2026) and $49 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,982.68 Bn | 4,730.17 Bn | 54.77 Bn | 2.46 Bn |
| 2 | Cisco Systems | 421.04 Bn | 356.97 Bn | 11.06 Bn | 390.00 Mn |
| 3 | Dell Technologies | 360.24 Bn | 315.99 Bn | 9.83 Bn | 1.24 Bn |
| 4 | Arista Networks | 260.49 Bn | 213.94 Bn | 1.91 Bn | 29.70 Mn |
| 5 | Sandisk | 259.56 Bn | 248.08 Bn | 7.58 Bn | 43.00 Mn |
| 6 | Seagate Technology Holdings | 207.93 Bn | 202.92 Bn | 1.90 Bn | 187.00 Mn |
| 7 | Western Digital | 164.91 Bn | 153.04 Bn | 2.03 Bn | 108.00 Mn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | - |
| 9 | Hewlett Packard Enterprise | 83.59 Bn | 61.47 Bn | 4.93 Bn | 745.00 Mn |
| 10 | NetApp | 39.43 Bn | 22.24 Bn | 1.42 Bn | 102.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 102.00 Mn |
| Apr 24, 2026 | 50.00 Mn |
| Jan 23, 2026 | 46.00 Mn |
| Oct 24, 2025 | 49.00 Mn |
| Jul 25, 2025 | 53.00 Mn |
| Apr 25, 2025 | 35.00 Mn |
| Jan 24, 2025 | 47.00 Mn |
| Oct 25, 2024 | 45.00 Mn |
| Jul 26, 2024 | 41.00 Mn |
| Apr 26, 2024 | 46.00 Mn |
| Jan 26, 2024 | 36.00 Mn |
| Oct 27, 2023 | 38.00 Mn |
| Jul 28, 2023 | 35.00 Mn |
| Apr 28, 2023 | 39.00 Mn |
| Jan 27, 2023 | 58.00 Mn |
| Oct 28, 2022 | 77.00 Mn |
| Jul 29, 2022 | 65.00 Mn |
| Apr 29, 2022 | 68.00 Mn |
| Jan 28, 2022 | 61.00 Mn |
| Oct 29, 2021 | 46.00 Mn |
API Access
NetApp Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "NTAP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();