NetApp (NTAP) EBT Margin (2009 - 2026)
NetApp (NTAP) posted EBT Margin of 23.9% for Q3 2026, down 10.12% on a QoQ basis from 26.59% in Q2 2026, and up 440.0% year-over-year from 4.43% in Q3 2025.
Analysis
NetApp (NTAP) EBT Margin (2009 - 2026) Analysis & Trends
NetApp has reported EBT Margin for 18 years, with the latest figure at 23.9% in Q3 2026.
- On a quarterly basis, EBT Margin rose 440.0% year-over-year to 23.9% in Q3 2026; TTM through Jul 2026 was 24.73%, a 367.0% increase from a year earlier, with the FY2026 full-year figure at 23.8%, up 275.0% from the prior year.
- EBT Margin was 23.9% for Q3 2026 at NetApp, down from 26.59% in the prior quarter.
- The five-year high for EBT Margin was 26.59% in Q2 2026, with the low at 11.6% in Q1 2023.
- Average EBT Margin over 5 years is 20.21%, with a median of 20.17% recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: EBT Margin slumped 1185 bps in 2022, then soared 1219 bps in 2024.
- Over 5 years, EBT Margin stood at 18.34% in 2022, then increased by 10 bps to 20.17% in 2023, then grew by 8 bps to 21.71% in 2024, then advanced by 6 bps to 23.05% in 2025, then climbed by 4 bps to 23.9% in 2026.
- The last three EBT Margin figures came in at 23.9% (Q3 2026), 26.59% (Q2 2026), and 25.28% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 340.03 Bn | 328.45 Bn | 7.78 Bn | 9.01% |
| 2 | Sandisk | 254.04 Bn | 249.28 Bn | 7.58 Bn | 87.55% |
| 3 | Arista Networks | 244.37 Bn | 231.03 Bn | 1.91 Bn | 49.55% |
| 4 | Seagate Technology Holdings | 192.61 Bn | 190.91 Bn | 1.90 Bn | 41.47% |
| 5 | Western Digital | 168.75 Bn | 167.17 Bn | 2.03 Bn | 86.66% |
| 6 | Hewlett Packard Enterprise | 69.08 Bn | 62.86 Bn | 4.93 Bn | 14.43% |
| 7 | NetApp | 36.45 Bn | 32.88 Bn | 1.42 Bn | 23.90% |
| 8 | Everpure | 33.13 Bn | 32.12 Bn | 811.39 Mn | 6.08% |
| 9 | Super Micro Computer | 26.01 Bn | 18.48 Bn | 1.94 Bn | 13.22% |
| 10 | Penguin Solutions | 2.65 Bn | 2.41 Bn | 133.21 Mn | 11.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 23.90% |
| Apr 24, 2026 | 26.59% |
| Jan 23, 2026 | 25.28% |
| Oct 24, 2025 | 23.05% |
| Jul 25, 2025 | 19.50% |
| Apr 25, 2025 | 20.44% |
| Jan 24, 2025 | 22.55% |
| Oct 25, 2024 | 21.71% |
| Jul 26, 2024 | 19.40% |
| Apr 26, 2024 | 22.78% |
| Jan 26, 2024 | 23.79% |
| Oct 27, 2023 | 20.17% |
| Jul 28, 2023 | 12.99% |
| Apr 28, 2023 | 19.86% |
| Jan 27, 2023 | 11.60% |
| Oct 28, 2022 | 18.34% |
| Jul 29, 2022 | 16.96% |
| Apr 29, 2022 | 16.19% |
| Jan 28, 2022 | 18.96% |
| Oct 29, 2021 | 17.88% |