NetApp (NTAP) Free Cash Flow (2009 - 2026)
NetApp (NTAP) recorded quarterly Free Cash Flow of $900.0 million in Q2 2026, up 232.1% quarter-over-quarter from $271.0 million in Q1 2026, and up 40.62% year-on-year from $640.0 million in Q2 2025.
NetApp (NTAP) Free Cash Flow (2009 - 2026) Analysis & Trends
NetApp has disclosed Free Cash Flow across 18 years of filings, most recently posting $900.0 million for Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 40.62% year-over-year to $900.0 million; the trailing twelve-month figure through Apr 2026 stood at $1.9 billion (up 39.69% YoY), and the FY2026 full-year result was $1.9 billion, up 39.69% from the prior year.
- Free Cash Flow was $900.0 million for Q2 2026 at NetApp, up from $271.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $900.0 million in Q2 2026 and troughed at $60.0 million in Q4 2024.
- The 5-year median for Free Cash Flow is $309.5 million (2023), against an average of $341.5 million.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow plunged 45.63% in 2022, then soared 189.29% in 2024.
- Year by year, Free Cash Flow stood at $137.0 million in 2022, then retreated by 29.2% to $97.0 million in 2023, then sank by 38.14% to $60.0 million in 2024, then grew by 30.0% to $78.0 million in 2025, then jumped by 1053.85% to $900.0 million in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $900.0 million in Q2 2026, $271.0 million in Q1 2026, and $78.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 15.80 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 9.49 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 891.76 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 384.00 Mn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 395.40 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 1.02 Bn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 821.51 Mn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 93.10 Mn |
| 10 | NetApp | 32.80 Bn | 29.21 Bn | 1.37 Bn | 900.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |