NetApp (NTAP) Operating Expenses (2009 - 2026)

NetApp (NTAP) posted quarterly Operating Expenses of $833.0 million for Q2 2026, down 1.42% year-over-year from $845.0 million in Q2 2025, and up 7.48% on a QoQ basis from $775.0 million in Q1 2026.

NetApp (NTAP) Operating Expenses (2009 - 2026) Analysis & Trends

NetApp (NTAP) has reported Operating Expenses for 18 consecutive years, with $833.0 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Operating Expenses fell 1.42% year-over-year to $833.0 million; the TTM figure through Apr 2026 stood at $3.2 billion (down 1.56% YoY), while the FY2026 annual figure was $3.2 billion, down 1.56% from the prior year.
  • Operating Expenses came in at $833.0 million for Q2 2026 at NetApp, up from $775.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $845.0 million in Q2 2025, with the low at $752.0 million in Q1 2022.
  • Average Operating Expenses over 5 years is $803.3 million, with a median of $805.5 million recorded in 2022.
  • Across the five-year window, Operating Expenses soared 37.24% in 2022 and dropped 5.31% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $805.0 million in 2022, then climbed by 0.12% to $806.0 million in 2023, then rose by 3.23% to $832.0 million in 2024, then declined by 0.48% to $828.0 million in 2025, then increased by 0.6% to $833.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $833.0 million, $775.0 million, and $828.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 10.85 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.05 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 662.79 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 1.51 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 979.89 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 905.10 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 517.59 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 1.57 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.08 Bn
10 NetApp 31.12 Bn 27.54 Bn 1.37 Bn 833.00 Mn

Historic Data

Download Data
DateValue
Apr 24, 2026 833.00 Mn
Jan 23, 2026 775.00 Mn
Oct 24, 2025 828.00 Mn
Jul 25, 2025 789.00 Mn
Apr 25, 2025 845.00 Mn
Jan 24, 2025 783.00 Mn
Oct 25, 2024 832.00 Mn
Jul 26, 2024 816.00 Mn
Apr 26, 2024 810.00 Mn
Jan 26, 2024 785.00 Mn
Oct 27, 2023 806.00 Mn
Jul 28, 2023 818.00 Mn
Apr 28, 2023 766.00 Mn
Jan 27, 2023 829.00 Mn
Oct 28, 2022 805.00 Mn
Jul 29, 2022 791.00 Mn
Apr 29, 2022 796.00 Mn
Jan 28, 2022 752.00 Mn
Oct 29, 2021 765.00 Mn
Jul 30, 2021 750.00 Mn