NetApp (NTAP) Operating Expenses (2009 - 2026)
NetApp (NTAP) posted Operating Expenses of $935.0 million for Q3 2026, up 12.24% on a QoQ basis from $833.0 million in Q2 2026, and up 18.5% year-over-year from $789.0 million in Q3 2025.
Analysis
NetApp (NTAP) Operating Expenses (2009 - 2026) Analysis & Trends
NetApp has reported Operating Expenses for 18 years, with the latest figure at $935.0 million in Q3 2026.
- On a quarterly basis, Operating Expenses rose 18.5% year-over-year to $935.0 million in Q3 2026; TTM through Jul 2026 was $3.4 billion, a 3.76% increase from a year earlier, with the FY2026 full-year figure at $3.2 billion, down 1.56% from the prior year.
- Operating Expenses was $935.0 million for Q3 2026 at NetApp, up from $833.0 million in the prior quarter.
- The five-year high for Operating Expenses was $935.0 million in Q3 2026, with the low at $752.0 million in Q1 2022.
- Average Operating Expenses over 5 years is $810.2 million, with a median of $806.0 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 37.24% in 2022, then decreased 5.31% in 2024.
- Over 5 years, Operating Expenses stood at $805.0 million in 2022, then gained by 0.12% to $806.0 million in 2023, then grew by 3.23% to $832.0 million in 2024, then slipped by 0.48% to $828.0 million in 2025, then rose by 12.92% to $935.0 million in 2026.
- The last three Operating Expenses figures came in at $935.0 million (Q3 2026), $833.0 million (Q2 2026), and $775.0 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 343.61 Bn | 332.04 Bn | 7.78 Bn | 4.13 Bn |
| 2 | Sandisk | 263.82 Bn | 259.06 Bn | 7.58 Bn | 545.00 Mn |
| 3 | Arista Networks | 249.95 Bn | 236.60 Bn | 1.91 Bn | 532.30 Mn |
| 4 | Seagate Technology Holdings | 196.21 Bn | 194.50 Bn | 1.90 Bn | 2.07 Bn |
| 5 | Western Digital | 165.25 Bn | 163.67 Bn | 2.03 Bn | 465.00 Mn |
| 6 | Hewlett Packard Enterprise | 73.33 Bn | 67.12 Bn | 4.93 Bn | 10.82 Bn |
| 7 | NetApp | 36.42 Bn | 32.85 Bn | 1.42 Bn | 935.00 Mn |
| 8 | Everpure | 33.45 Bn | 32.44 Bn | 811.39 Mn | 748.23 Mn |
| 9 | Super Micro Computer | 24.46 Bn | 16.94 Bn | 1.94 Bn | 454.57 Mn |
| 10 | Penguin Solutions | 2.65 Bn | 2.21 Bn | 133.21 Mn | 82.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 935.00 Mn |
| 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 |