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% quarter-over-quarter from $775.0 million in Q1 2026.
NetApp (NTAP) Operating Expenses (2009 - 2026) Analysis & Trends
NetApp's Operating Expenses history runs 18 years deep, the most recent figure standing at $833.0 million for 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 for Q2 2026 stood at $833.0 million, 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.
- 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 fell 5.31% in 2024.
- NetApp's Operating Expenses stood at $805.0 million in 2022, then increased by 0.12% to $806.0 million in 2023, then advanced by 3.23% to $832.0 million in 2024, then retreated by 0.48% to $828.0 million in 2025, then gained by 0.6% to $833.0 million in 2026.
- Business Quant data shows NTAP's Operating Expenses at $833.0 million in Q2 2026, $775.0 million in Q1 2026, and $828.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | NetApp | 40.73 Bn | 37.15 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 |