NetApp (NTAP) Net Income (2009 - 2026)
NetApp (NTAP) posted quarterly Net Income of -$589.0 million for Q2 2026, down 212.4% year-over-year from $524.0 million in Q2 2025, and down 276.35% quarter-over-quarter from $334.0 million in Q1 2026.
NetApp (NTAP) Net Income (2009 - 2026) Analysis & Trends
NetApp's Net Income history runs 18 years deep, the most recent figure standing at -$589.0 million for Q2 2026.
- In Q2 2026, Net Income fell 212.4% year-over-year to -$589.0 million; the TTM figure through Apr 2026 stood at $283.0 million (down 79.34% YoY), while the FY2026 annual figure was $283.0 million, down 79.34% from the prior year.
- Net Income for Q2 2026 stood at -$589.0 million, down from $334.0 million in the prior quarter.
- The five-year high for Net Income was $750.0 million in Q4 2022, with the low at -$781.0 million in Q2 2023.
- The 5-year median for Net Income is $250.0 million (2022), against an average of $150.3 million.
- The sharpest annual moves came in 2022 and 2024: Net Income plunged 229.94% in 2022, then jumped 381.54% in 2024.
- NetApp's Net Income stood at $750.0 million in 2022, then sank by 68.93% to $233.0 million in 2023, then increased by 28.33% to $299.0 million in 2024, then gained by 2.01% to $305.0 million in 2025, then sank by 293.11% to -$589.0 million in 2026.
- Business Quant data shows NTAP's Net Income at -$589.0 million in Q2 2026, $334.0 million in Q1 2026, and $305.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 33.11 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 5.92 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.07 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -177.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 605.20 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -169.98 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 64.72 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -626.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 87.09 Mn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -589.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | -589.00 Mn |
| Jan 23, 2026 | 334.00 Mn |
| Oct 24, 2025 | 305.00 Mn |
| Jul 25, 2025 | 233.00 Mn |
| Apr 25, 2025 | 524.00 Mn |
| Jan 24, 2025 | 299.00 Mn |
| Oct 25, 2024 | 299.00 Mn |
| Jul 26, 2024 | 248.00 Mn |
| Apr 26, 2024 | 291.00 Mn |
| Jan 26, 2024 | 313.00 Mn |
| Oct 27, 2023 | 233.00 Mn |
| Jul 28, 2023 | 149.00 Mn |
| Apr 28, 2023 | -781.00 Mn |
| Jan 27, 2023 | 65.00 Mn |
| Oct 28, 2022 | 750.00 Mn |
| Jul 29, 2022 | 214.00 Mn |
| Apr 29, 2022 | -434.00 Mn |
| Jan 28, 2022 | 252.00 Mn |
| Oct 29, 2021 | 224.00 Mn |
| Jul 30, 2021 | 202.00 Mn |