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

NetApp's (NTAP) quarterly Cost of Revenue came in at $583.0 million in Q2 2026, up 8.16% year-on-year from $539.0 million in Q2 2025, and up 15.67% quarter-over-quarter from $504.0 million in Q1 2026.

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

NetApp's Cost of Revenue history runs 18 years deep, the most recent figure standing at $583.0 million for Q2 2026.

  • On a quarterly basis, Cost of Revenue rose 8.16% year-over-year to $583.0 million in Q2 2026; TTM through Apr 2026 was $2.0 billion, a 3.42% 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 climbed to $583.0 million in Q2 2026 per NTAP's latest filing, from $504.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $591.0 million in Q2 2022 and bottomed at $436.0 million in Q3 2023.
  • The 5-year median for Cost of Revenue is $500.0 million (2025), against an average of $505.8 million.
  • Across the five-year window, Cost of Revenue increased 18.95% in 2022 and decreased 21.53% in 2023, its largest moves.
  • Year by year, Cost of Revenue stood at $576.0 million in 2022, then dropped by 21.53% to $452.0 million in 2023, then advanced by 6.42% to $481.0 million in 2024, then slipped by 0.62% to $478.0 million in 2025, then grew by 21.97% to $583.0 million in 2026.
  • Per Business Quant, the three latest NTAP Cost of Revenue figures stand at $583.0 million (Q2 2026), $504.0 million (Q1 2026), and $478.0 million (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 26.83 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn 71.28 Mn
3 Oracle 344.13 Bn 312.24 Bn - -
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 215.80 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 685.00 Mn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 311.70 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 364.50 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 184.16 Mn
10 NetApp 34.76 Bn 31.17 Bn 1.37 Bn 583.00 Mn

Historic Data

Download Data
DateValue
Apr 24, 2026 583.00 Mn
Apr 24, 2026 583.00 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 539.00 Mn
Apr 25, 2025 539.00 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 455.00 Mn
Jan 26, 2024 455.00 Mn