NetApp (NTAP) Operating Expenses (2009 - 2026)
NetApp (NTAP) recorded quarterly Operating Expenses of $833.0 million in Q2 2026, up 7.48% quarter-over-quarter from $775.0 million in Q1 2026, and down 1.42% year-on-year from $845.0 million in Q2 2025.
NetApp (NTAP) Operating Expenses (2009 - 2026) Analysis & Trends
NetApp has disclosed Operating Expenses across 18 years of filings, most recently posting $833.0 million for Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 1.42% year-over-year to $833.0 million; the trailing twelve-month figure through Apr 2026 stood at $3.2 billion (down 1.56% YoY), and the FY2026 full-year result was $3.2 billion, down 1.56% from the prior year.
- Operating Expenses was $833.0 million for Q2 2026 at NetApp, up from $775.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $845.0 million in Q2 2025 and troughed at $752.0 million in Q1 2022.
- The 5-year median for Operating Expenses is $805.5 million (2022), against an average of $803.3 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 37.24% in 2022, then slipped 5.31% in 2024.
- Year by year, Operating Expenses stood at $805.0 million in 2022, then grew by 0.12% to $806.0 million in 2023, then gained by 3.23% to $832.0 million in 2024, then fell by 0.48% to $828.0 million in 2025, then rose by 0.6% to $833.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $833.0 million in Q2 2026, $775.0 million in Q1 2026, and $828.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 517.59 Mn |
| 10 | NetApp | 32.80 Bn | 29.21 Bn | 1.37 Bn | 833.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |