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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 has reported Gross Margin over the past 18 years, most recently at 70.58% for Q1 2026.

  • Quarterly results put Gross Margin at 70.58% for Q1 2026, up 80.0% from a year ago — trailing twelve months through Jan 2026 was 70.46% (down 16.0% YoY), and the annual figure for FY2025 was 70.19%, down 53.0%.
  • Gross Margin for Q1 2026 was 70.58% at NetApp, down from 71.96% in the prior quarter.
  • Over the last five years, Gross Margin for NTAP hit a ceiling of 71.96% in Q4 2025 and a floor of 64.82% in Q2 2022.
  • Median Gross Margin over the past 5 years was 69.77% (2025), compared with a mean of 68.98%.
  • Biggest five-year swings in Gross Margin: tumbled -7163bps in 2022 and later soared 607bps in 2024.
  • NetApp's Gross Margin stood at 65.36% in 2022, then grew by 9bps to 71.06% in 2023, then dropped by 0bps to 70.99% in 2024, then grew by 1bps to 71.96% in 2025, then decreased by -2bps to 70.58% in 2026.
  • The last three reported values for Gross Margin were 70.58% (Q1 2026), 71.96% (Q4 2025), and 70.43% (Q3 2025) per Business Quant data.