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| 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 |