NetApp (NTAP) Cost of Revenue (2009 - 2026)
NetApp (NTAP) posted Cost of Revenue of $606.0 million for Q3 2026, up 3.95% on a QoQ basis from $583.0 million in Q2 2026, and up 31.45% year-over-year from $461.0 million in Q3 2025.
Analysis
NetApp (NTAP) Cost of Revenue (2009 - 2026) Analysis & Trends
NetApp has reported Cost of Revenue for 18 years, with the latest figure at $606.0 million in Q3 2026.
- On a quarterly basis, Cost of Revenue rose 31.45% year-over-year to $606.0 million in Q3 2026; TTM through Jul 2026 was $2.2 billion, a 9.81% increase from a year earlier, with the FY2026 full-year figure at $2.0 billion, up 3.42% from the prior year.
- Cost of Revenue was $606.0 million for Q3 2026 at NetApp, up from $583.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $606.0 million in Q3 2026, with the low at $436.0 million in Q3 2023.
- Average Cost of Revenue over 5 years is $511.1 million, with a median of $504.0 million recorded in 2026.
- The sharpest annual moves came in 2023 and 2026: Cost of Revenue retreated 21.53% in 2023, then jumped 31.45% in 2026.
- Over 5 years, Cost of Revenue stood at $576.0 million in 2022, then declined by 21.53% to $452.0 million in 2023, then climbed by 6.42% to $481.0 million in 2024, then dropped by 0.62% to $478.0 million in 2025, then rose by 26.78% to $606.0 million in 2026.
- The last three Cost of Revenue figures came in at $606.0 million (Q3 2026), $583.0 million (Q2 2026), and $504.0 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 343.64 Bn | 332.06 Bn | 7.78 Bn | 36.06 Bn |
| 2 | Sandisk | 264.49 Bn | 259.72 Bn | 7.58 Bn | 1.38 Bn |
| 3 | Arista Networks | 250.79 Bn | 237.45 Bn | 1.91 Bn | 1.13 Bn |
| 4 | Seagate Technology Holdings | 194.71 Bn | 193.00 Bn | 1.90 Bn | 1.73 Bn |
| 5 | Western Digital | 164.41 Bn | 162.83 Bn | 2.03 Bn | 1.72 Bn |
| 6 | Hewlett Packard Enterprise | 73.47 Bn | 67.25 Bn | 4.93 Bn | 7.29 Bn |
| 7 | NetApp | 36.53 Bn | 32.95 Bn | 1.42 Bn | 606.00 Mn |
| 8 | Everpure | 33.86 Bn | 32.86 Bn | 811.39 Mn | 374.51 Mn |
| 9 | Super Micro Computer | 24.54 Bn | 17.02 Bn | 1.94 Bn | 9.18 Bn |
| 10 | Penguin Solutions | 2.68 Bn | 2.24 Bn | 133.21 Mn | 345.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 606.00 Mn |
| Apr 24, 2026 | 583.00 Mn |
| Jan 23, 2026 | 504.00 Mn |
| Oct 24, 2025 | 478.00 Mn |
| Jul 25, 2025 | 461.00 Mn |
| Apr 25, 2025 | 539.00 Mn |
| Jan 24, 2025 | 496.00 Mn |
| Oct 25, 2024 | 481.00 Mn |
| Jul 26, 2024 | 443.00 Mn |
| Apr 26, 2024 | 492.00 Mn |
| Jan 26, 2024 | 455.00 Mn |
| Oct 27, 2023 | 452.00 Mn |
| Jul 28, 2023 | 436.00 Mn |
| Apr 28, 2023 | 506.00 Mn |
| Jan 27, 2023 | 525.00 Mn |
| Oct 28, 2022 | 576.00 Mn |
| Jul 29, 2022 | 546.00 Mn |
| Apr 29, 2022 | 591.00 Mn |
| Jan 28, 2022 | 541.00 Mn |
| Oct 29, 2021 | 507.00 Mn |