NetApp (NTAP) Cost of Revenue (2009 - 2026)

NetApp (NTAP) posted quarterly Cost of Revenue of $488.0 million for Q2 2026, down 11.59% year-over-year from $552.0 million in Q2 2025, and down 3.17% on a QoQ basis from $504.0 million in Q1 2026.

NetApp (NTAP) Cost of Revenue (2009 - 2026) Analysis & Trends

NetApp (NTAP) has reported Cost of Revenue for 18 consecutive years, with $488.0 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Cost of Revenue fell 11.59% year-over-year to $488.0 million; the TTM figure through Apr 2026 stood at $1.9 billion (down 2.08% YoY), while the FY2026 annual figure was $1.9 billion, down 4.59% from the prior year.
  • Cost of Revenue came in at $488.0 million for Q2 2026 at NetApp, down from $504.0 million in the prior quarter.
  • The five-year high for Cost of Revenue was $766.0 million in Q2 2023, with the low at $436.0 million in Q3 2023.
  • Average Cost of Revenue over 5 years is $503.7 million, with a median of $478.5 million recorded in 2022.
  • Across the five-year window, Cost of Revenue surged 115.22% in 2022 and slumped 35.77% in 2024, its largest moves.
  • Year by year, Cost of Revenue stood at $479.0 million in 2022, then slipped by 3.76% to $461.0 million in 2023, then climbed by 4.34% to $481.0 million in 2024, then fell by 0.62% to $478.0 million in 2025, then climbed by 2.09% to $488.0 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $488.0 million, $504.0 million, and $478.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 6.81 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 2.07 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 215.80 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 823.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 463.58 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 636.30 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 184.16 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 396.38 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.15 Bn
10 NetApp 31.12 Bn 27.54 Bn 1.37 Bn 488.00 Mn

Historic Data

Download Data
DateValue
Apr 24, 2026 488.00 Mn
Apr 24, 2026 488.00 Mn
Jan 23, 2026 504.00 Mn
Jan 23, 2026 504.00 Mn
Oct 24, 2025 478.00 Mn
Oct 24, 2025 478.00 Mn
Jul 25, 2025 461.00 Mn
Jul 25, 2025 461.00 Mn
Apr 25, 2025 552.00 Mn
Apr 25, 2025 552.00 Mn
Jan 24, 2025 496.00 Mn
Jan 24, 2025 496.00 Mn
Oct 25, 2024 481.00 Mn
Oct 25, 2024 481.00 Mn
Jul 26, 2024 443.00 Mn
Jul 26, 2024 443.00 Mn
Apr 26, 2024 492.00 Mn
Apr 26, 2024 492.00 Mn
Jan 26, 2024 439.00 Mn
Jan 26, 2024 439.00 Mn