NetApp (NTAP) Free Cash Flow (2009 - 2026)
NetApp (NTAP) posted Free Cash Flow of $401.0 million for Q3 2026, down 55.44% on a QoQ basis from $900.0 million in Q2 2026, and down 35.32% year-over-year from $620.0 million in Q3 2025.
Analysis
NetApp (NTAP) Free Cash Flow (2009 - 2026) Analysis & Trends
NetApp has reported Free Cash Flow for 18 years, with the latest figure at $401.0 million in Q3 2026.
- On a quarterly basis, Free Cash Flow fell 35.32% year-over-year to $401.0 million in Q3 2026; TTM through Jul 2026 was $1.6 billion, a 0.48% change from a year earlier, with the FY2026 full-year figure at $1.9 billion, up 39.69% from the prior year.
- Free Cash Flow was $401.0 million for Q3 2026 at NetApp, down from $900.0 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 $344.6 million, with a median of $319.0 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow sank 45.63% in 2022, then surged 189.29% in 2024.
- Over 5 years, Free Cash Flow stood at $137.0 million in 2022, then dropped by 29.2% to $97.0 million in 2023, then plunged by 38.14% to $60.0 million in 2024, then gained by 30.0% to $78.0 million in 2025, then soared by 414.1% to $401.0 million in 2026.
- The last three Free Cash Flow figures came in at $401.0 million (Q3 2026), $900.0 million (Q2 2026), and $271.0 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 340.03 Bn | 328.45 Bn | 7.78 Bn | 3.12 Bn |
| 2 | Sandisk | 254.04 Bn | 249.28 Bn | 7.58 Bn | 7.08 Bn |
| 3 | Arista Networks | 244.37 Bn | 231.03 Bn | 1.91 Bn | 1.05 Bn |
| 4 | Seagate Technology Holdings | 192.61 Bn | 190.91 Bn | 1.90 Bn | 1.12 Bn |
| 5 | Western Digital | 168.75 Bn | 167.17 Bn | 2.03 Bn | 1.28 Bn |
| 6 | Hewlett Packard Enterprise | 69.08 Bn | 62.86 Bn | 4.93 Bn | 896.00 Mn |
| 7 | NetApp | 36.45 Bn | 32.88 Bn | 1.42 Bn | 401.00 Mn |
| 8 | Everpure | 33.13 Bn | 32.12 Bn | 811.39 Mn | -237.60 Mn |
| 9 | Super Micro Computer | 26.01 Bn | 18.48 Bn | 1.94 Bn | 718.73 Mn |
| 10 | Penguin Solutions | 2.65 Bn | 2.41 Bn | 133.21 Mn | -77.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 401.00 Mn |
| Apr 24, 2026 | 900.00 Mn |
| Jan 23, 2026 | 271.00 Mn |
| Oct 24, 2025 | 78.00 Mn |
| Jul 25, 2025 | 620.00 Mn |
| Apr 25, 2025 | 640.00 Mn |
| Jan 24, 2025 | 338.00 Mn |
| Oct 25, 2024 | 60.00 Mn |
| Jul 26, 2024 | 300.00 Mn |
| Apr 26, 2024 | 567.00 Mn |
| Jan 26, 2024 | 448.00 Mn |
| Oct 27, 2023 | 97.00 Mn |
| Jul 28, 2023 | 418.00 Mn |
| Apr 28, 2023 | 196.00 Mn |
| Jan 27, 2023 | 319.00 Mn |
| Oct 28, 2022 | 137.00 Mn |
| Jul 29, 2022 | 216.00 Mn |
| Apr 29, 2022 | 343.00 Mn |
| Jan 28, 2022 | 199.00 Mn |
| Oct 29, 2021 | 252.00 Mn |