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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

NetApp (NTAP) Gross Margin (2016 - 2026)

NetApp's Gross Margin history spans 18 years, with the latest figure at 70.58% for Q1 2026.

  • Quarterly Gross Margin rose 80.0% to 70.58% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 70.46% through Jan 2026, down 16.0% year-over-year, with the annual reading at 70.19% for FY2025, 53.0% down from the prior year.
  • Gross Margin came in at 70.58% for Q1 2026, down from 71.96% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 71.96% in Q4 2025 to a low of 64.82% in Q2 2022.
  • The 5-year median for Gross Margin is 69.77% (2025), against an average of 68.98%.
  • Year-over-year, Gross Margin plummeted -282bps in 2022 and then soared 607bps in 2024.
  • NetApp's Gross Margin stood at 65.36% in 2022, then increased by 9bps to 71.06% in 2023, then decreased by 0bps to 70.99% in 2024, then increased by 1bps to 71.96% in 2025, then fell by -2bps to 70.58% in 2026.
  • Per Business Quant, the three most recent readings for NTAP's Gross Margin are 70.58% (Q1 2026), 71.96% (Q4 2025), and 70.43% (Q3 2025).