NetApp (NTAP) Gross Margin (2009 - 2026)
NetApp (NTAP) posted quarterly Gross Margin of 70.07% for Q2 2026, up 119.0% year-over-year from 32.0% in Q2 2025, and down 0.72% quarter-over-quarter from 70.58% in Q1 2026.
NetApp (NTAP) Gross Margin (2009 - 2026) Analysis & Trends
NetApp's Gross Margin history runs 18 years deep, the most recent figure standing at 70.07% for Q2 2026.
- In Q2 2026, Gross Margin rose 119.0% year-over-year to 70.07%; the TTM figure through Apr 2026 stood at 70.74% (up 55.0% YoY), while the FY2026 annual figure was 70.74%, up 55.0% from the prior year.
- Gross Margin for Q2 2026 stood at 70.07%, down from 70.58% in the prior quarter.
- The five-year high for Gross Margin was 111.26% in Q2 2024, with the low at 64.82% in Q2 2022.
- The 5-year median for Gross Margin is 69.92% (2026), against an average of 71.3%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 7163 bps in 2022, then surged 4326 bps in 2024.
- NetApp's Gross Margin stood at 65.36% in 2022, then advanced by 9 bps to 71.06% in 2023, then decreased by 0 bps to 70.99% in 2024, then advanced by 1 bps to 71.96% in 2025, then declined by 3 bps to 70.07% in 2026.
- Business Quant data shows NTAP's Gross Margin at 70.07% in Q2 2026, 70.58% in Q1 2026, and 71.96% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 67.20% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 84.66% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 47.84% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 70.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 70.07% |
| Jan 23, 2026 | 70.58% |
| Oct 24, 2025 | 71.96% |
| Jul 25, 2025 | 70.43% |
| Apr 25, 2025 | 68.88% |
| Jan 24, 2025 | 69.77% |
| Oct 25, 2024 | 70.99% |
| Jul 26, 2024 | 71.25% |
| Apr 26, 2024 | 111.26% |
| Jan 26, 2024 | 71.67% |
| Oct 27, 2023 | 71.06% |
| Jul 28, 2023 | 69.55% |
| Apr 28, 2023 | 67.99% |
| Jan 27, 2023 | 65.60% |
| Oct 28, 2022 | 65.36% |
| Jul 29, 2022 | 65.70% |
| Apr 29, 2022 | 64.82% |
| Jan 28, 2022 | 66.48% |
| Oct 29, 2021 | 137.00% |
| Jul 30, 2021 | 68.52% |