NetApp (NTAP) EBITDA Margin (2009 - 2026)
NetApp (NTAP) posted EBITDA Margin of 23.9% for Q3 2026, down 12.48% on a QoQ basis from 27.31% in Q2 2026, and up 408.0% year-over-year from 4.7% in Q3 2025.
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NetApp (NTAP) EBITDA Margin (2009 - 2026) Analysis & Trends
NetApp has reported EBITDA Margin for 18 years, with the latest figure at 23.9% in Q3 2026.
- On a quarterly basis, EBITDA Margin rose 408.0% year-over-year to 23.9% in Q3 2026; TTM through Jul 2026 was 25.02%, a 432.0% increase from a year earlier, with the FY2026 full-year figure at 24.17%, up 383.0% from the prior year.
- EBITDA Margin was 23.9% for Q3 2026 at NetApp, down from 27.31% in the prior quarter.
- The five-year high for EBITDA Margin was 27.31% in Q2 2026, with the low at 11.27% in Q1 2023.
- Average EBITDA Margin over 5 years is 19.94%, with a median of 19.89% recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: EBITDA Margin sank 1182 bps in 2022, then surged 1152 bps in 2024.
- Over 5 years, EBITDA Margin stood at 16.96% in 2022, then grew by 15 bps to 19.46% in 2023, then grew by 7 bps to 20.81% in 2024, then climbed by 12 bps to 23.4% in 2025, then climbed by 2 bps to 23.9% in 2026.
- The last three EBITDA Margin figures came in at 23.9% (Q3 2026), 27.31% (Q2 2026), and 25.34% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 344.08 Bn | 332.51 Bn | 7.78 Bn | 8.34% |
| 2 | Sandisk | 265.02 Bn | 260.26 Bn | 7.58 Bn | 78.49% |
| 3 | Arista Networks | 250.60 Bn | 237.25 Bn | 1.91 Bn | 45.39% |
| 4 | Seagate Technology Holdings | 194.98 Bn | 193.27 Bn | 1.90 Bn | 42.96% |
| 5 | Western Digital | 164.36 Bn | 162.79 Bn | 2.03 Bn | 41.71% |
| 6 | Hewlett Packard Enterprise | 73.55 Bn | 67.33 Bn | 4.93 Bn | 11.41% |
| 7 | NetApp | 36.53 Bn | 32.96 Bn | 1.42 Bn | 23.90% |
| 8 | Everpure | 33.81 Bn | 32.80 Bn | 811.39 Mn | 5.33% |
| 9 | Super Micro Computer | 24.67 Bn | 17.14 Bn | 1.94 Bn | 13.38% |
| 10 | Penguin Solutions | 2.67 Bn | 2.23 Bn | 133.21 Mn | 10.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 23.90% |
| Apr 24, 2026 | 27.31% |
| Jan 23, 2026 | 25.34% |
| Oct 24, 2025 | 23.40% |
| Jul 25, 2025 | 19.82% |
| Apr 25, 2025 | 20.09% |
| Jan 24, 2025 | 22.06% |
| Oct 25, 2024 | 20.81% |
| Jul 26, 2024 | 18.30% |
| Apr 26, 2024 | 21.94% |
| Jan 26, 2024 | 22.79% |
| Oct 27, 2023 | 19.46% |
| Jul 28, 2023 | 12.43% |
| Apr 28, 2023 | 19.54% |
| Jan 27, 2023 | 11.27% |
| Oct 28, 2022 | 16.96% |
| Jul 29, 2022 | 16.02% |
| Apr 29, 2022 | 17.44% |
| Jan 28, 2022 | 19.89% |
| Oct 29, 2021 | 18.77% |