NetApp (NTAP) Free Cash Flow (2009 - 2026)

NetApp (NTAP) posted quarterly Free Cash Flow of $900.0 million for Q2 2026, up 40.62% year-over-year from $640.0 million in Q2 2025, and up 232.1% on a QoQ basis from $271.0 million in Q1 2026.

NetApp (NTAP) Free Cash Flow (2009 - 2026) Analysis & Trends

NetApp (NTAP) has reported Free Cash Flow for 18 consecutive years, with $900.0 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Free Cash Flow rose 40.62% year-over-year to $900.0 million; the TTM figure through Apr 2026 stood at $1.9 billion (up 39.69% YoY), while the FY2026 annual figure was $1.9 billion, up 39.69% from the prior year.
  • Free Cash Flow came in at $900.0 million for Q2 2026 at NetApp, up from $271.0 million in the prior quarter.
  • The five-year high for Free Cash Flow was $900.0 million in Q2 2026, with the low at $60.0 million in Q4 2024.
  • Average Free Cash Flow over 5 years is $341.5 million, with a median of $309.5 million recorded in 2023.
  • Across the five-year window, Free Cash Flow tumbled 45.63% in 2022 and jumped 189.29% in 2024, its largest moves.
  • Year by year, Free Cash Flow stood at $137.0 million in 2022, then fell by 29.2% to $97.0 million in 2023, then slumped by 38.14% to $60.0 million in 2024, then climbed by 30.0% to $78.0 million in 2025, then soared by 1053.85% to $900.0 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $900.0 million, $271.0 million, and $78.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 15.80 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.85 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 891.76 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 384.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 395.40 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 1.02 Bn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 93.10 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 821.51 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 935.02 Mn
10 NetApp 31.12 Bn 27.54 Bn 1.37 Bn 900.00 Mn

Historic Data

Download Data
DateValue
Apr 24, 2026 900.00 Mn
Apr 24, 2026 900.00 Mn
Jan 23, 2026 271.00 Mn
Jan 23, 2026 271.00 Mn
Oct 24, 2025 78.00 Mn
Oct 24, 2025 78.00 Mn
Jul 25, 2025 620.00 Mn
Jul 25, 2025 620.00 Mn
Apr 25, 2025 640.00 Mn
Apr 25, 2025 640.00 Mn
Jan 24, 2025 338.00 Mn
Jan 24, 2025 338.00 Mn
Oct 25, 2024 60.00 Mn
Oct 25, 2024 60.00 Mn
Jul 26, 2024 300.00 Mn
Jul 26, 2024 300.00 Mn
Apr 26, 2024 567.00 Mn
Apr 26, 2024 567.00 Mn
Jan 26, 2024 448.00 Mn
Jan 26, 2024 448.00 Mn