NetApp (NTAP) Cost of Revenue (2009 - 2026)
NetApp (NTAP) posted quarterly Cost of Revenue of $583.0 million for Q2 2026, up 8.16% year-over-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.
- In Q2 2026, Cost of Revenue rose 8.16% year-over-year to $583.0 million; the TTM figure through Apr 2026 stood at $2.0 billion (up 3.42% YoY), while the FY2026 annual figure was $2.0 billion, up 3.42% from the prior year.
- Cost of Revenue for Q2 2026 stood at $583.0 million, up from $504.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $591.0 million in Q2 2022, with the low 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.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue advanced 18.95% in 2022, then declined 21.53% in 2023.
- NetApp's Cost of Revenue stood at $576.0 million in 2022, then slipped by 21.53% to $452.0 million in 2023, then gained by 6.42% to $481.0 million in 2024, then decreased by 0.62% to $478.0 million in 2025, then climbed by 21.97% to $583.0 million in 2026.
- Business Quant data shows NTAP's Cost of Revenue at $583.0 million in Q2 2026, $504.0 million in Q1 2026, and $478.0 million in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | NetApp | 40.73 Bn | 37.15 Bn | 1.37 Bn | 583.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |