NetApp NTAP
NASDAQ NTAP
$186.13 +0.54 (+0.29%)
As of: Sep 8, 2026 · 12:00 PM EDT

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

Historic Data

Download Data
DateValue
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