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% quarter-over-quarter from $271.0 million in Q1 2026.
NetApp (NTAP) Free Cash Flow (2009 - 2026) Analysis & Trends
NetApp's Free Cash Flow history runs 18 years deep, the most recent figure standing at $900.0 million for 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 for Q2 2026 stood at $900.0 million, 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.
- 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 sank 45.63% in 2022, then soared 189.29% in 2024.
- NetApp's Free Cash Flow stood at $137.0 million in 2022, then decreased by 29.2% to $97.0 million in 2023, then plunged by 38.14% to $60.0 million in 2024, then increased by 30.0% to $78.0 million in 2025, then surged by 1053.85% to $900.0 million in 2026.
- Business Quant data shows NTAP's Free Cash Flow at $900.0 million in Q2 2026, $271.0 million in Q1 2026, and $78.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 19.64 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -1.87 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.20 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 788.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 965.60 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 67.60 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 775.42 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -5.74 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -7.56 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 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 |