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| 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 |