NetApp (NTAP) Gross Margin (2009 - 2026)
NetApp's Gross Margin came in at 70.07% for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 0.36 percentage points from 70.43% a year earlier and unchanged from the prior quarter.
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Analysis
NetApp (NTAP) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, NetApp reported Gross Margin of 70.63%, up 0.63 percentage points year-over-year; for FY2026 (ended Apr 24, 2026), it was 70.74%, up 0.55 percentage points from FY2025.
- Gross Margin carries a five-year change of +4.33 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Gross Margin was 70.19% in FY2025 (-0.53 pp), 70.72% in FY2024 (+4.57 pp), 66.16% in FY2023 (-0.63 pp) and 66.79% in FY2022 (+0.38 pp).
- The five-year range for quarterly Gross Margin is 64.82% (fiscal Q4 2022) to 71.96% (fiscal Q2 2026).
- Year-over-year, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of -0.22 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q3 2024 (a gain of 6.07 percentage points), and the weakest in fiscal Q1 2023 (a drop of 2.82 percentage points).
- Business Quant data shows NTAP's Gross Margin at 70.07% (Q4 2026), 70.58% (Q3 2026) and 71.96% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,982.68 Bn | 4,730.17 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 421.04 Bn | 356.97 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 360.24 Bn | 315.99 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 260.49 Bn | 213.94 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 259.56 Bn | 248.08 Bn | 7.58 Bn | 84.57% |
| 6 | Seagate Technology Holdings | 207.93 Bn | 202.92 Bn | 1.90 Bn | 52.30% |
| 7 | Western Digital | 164.91 Bn | 153.04 Bn | 2.03 Bn | 54.12% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 36.70% |
| 9 | Hewlett Packard Enterprise | 83.59 Bn | 61.47 Bn | 4.93 Bn | 40.34% |
| 10 | NetApp | 39.43 Bn | 22.24 Bn | 1.42 Bn | 70.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 70.07% |
| 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 | 70.50% |
| 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 | 67.62% |
API Access
NetApp Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NTAP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();