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| Date | Value |
|---|---|
| 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 |