NetApp (NTAP) Net Margin (2009 - 2026)
NetApp (NTAP) posted Net Margin of 18.52% for Q3 2026, up 5.79% on a QoQ basis from 17.51% in Q2 2026, and up 357.0% year-over-year from 4.05% in Q3 2025.
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NetApp (NTAP) Net Margin (2009 - 2026) Analysis & Trends
NetApp has reported Net Margin for 18 years, with the latest figure at 18.52% in Q3 2026.
- On a quarterly basis, Net Margin rose 357.0% year-over-year to 18.52% in Q3 2026; TTM through Jul 2026 was 18.33%, a 208.0% increase from a year earlier, with the FY2026 full-year figure at 17.52%, up 99.0% from the prior year.
- Net Margin was 18.52% for Q3 2026 at NetApp, up from 17.51% in the prior quarter.
- The five-year high for Net Margin was 45.1% in Q4 2022, with the low at 22.83% in Q2 2023.
- Average Net Margin over 5 years is 14.7%, with a median of 16.09% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin slumped 3018 bps in 2023, then jumped 4028 bps in 2024.
- Over 5 years, Net Margin stood at 45.1% in 2022, then plunged by 67 bps to 14.92% in 2023, then grew by 21 bps to 18.03% in 2024, then slipped by 1 bps to 17.89% in 2025, then grew by 4 bps to 18.52% in 2026.
- The last three Net Margin figures came in at 18.52% (Q3 2026), 17.51% (Q2 2026), and 19.5% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 340.03 Bn | 328.45 Bn | 7.78 Bn | 7.84% |
| 2 | Sandisk | 254.04 Bn | 249.28 Bn | 7.58 Bn | 77.00% |
| 3 | Arista Networks | 244.37 Bn | 231.03 Bn | 1.91 Bn | 39.95% |
| 4 | Seagate Technology Holdings | 192.61 Bn | 190.91 Bn | 1.90 Bn | 35.66% |
| 5 | Western Digital | 168.75 Bn | 167.17 Bn | 2.03 Bn | 85.27% |
| 6 | Hewlett Packard Enterprise | 69.08 Bn | 62.86 Bn | 4.93 Bn | 12.37% |
| 7 | NetApp | 36.45 Bn | 32.88 Bn | 1.42 Bn | 18.52% |
| 8 | Everpure | 33.13 Bn | 32.12 Bn | 811.39 Mn | 6.25% |
| 9 | Super Micro Computer | 26.01 Bn | 18.48 Bn | 1.94 Bn | 10.61% |
| 10 | Penguin Solutions | 2.65 Bn | 2.41 Bn | 133.21 Mn | 7.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 18.52% |
| Apr 24, 2026 | 17.51% |
| Jan 23, 2026 | 19.50% |
| Oct 24, 2025 | 17.89% |
| Jul 25, 2025 | 14.95% |
| Apr 25, 2025 | 13.86% |
| Jan 24, 2025 | 18.22% |
| Oct 25, 2024 | 18.03% |
| Jul 26, 2024 | 16.09% |
| Apr 26, 2024 | 17.45% |
| Jan 26, 2024 | 19.49% |
| Oct 27, 2023 | 14.92% |
| Jul 28, 2023 | 10.41% |
| Apr 28, 2023 | -22.83% |
| Jan 27, 2023 | 4.26% |
| Oct 28, 2022 | 45.10% |
| Jul 29, 2022 | 13.44% |
| Apr 29, 2022 | 6.85% |
| Jan 28, 2022 | 15.61% |
| Oct 29, 2021 | 14.30% |