NetApp (NTAP) Operating Income (2009 - 2026)
NetApp (NTAP) posted quarterly Operating Income of -$796.0 million for Q2 2026, down 13.88% year-over-year from -$924.3 million in Q2 2025, and down 283.41% on a QoQ basis from $434.0 million in Q1 2026.
NetApp (NTAP) Operating Income (2009 - 2026) Analysis & Trends
NetApp (NTAP) has reported Operating Income for 18 consecutive years, with -$796.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Income fell 13.88% year-over-year to -$796.0 million; the TTM figure through Apr 2026 stood at $346.0 million (up 19.31% YoY), while the FY2026 annual figure was $346.0 million, up 19.31% from the prior year.
- Operating Income came in at -$796.0 million for Q2 2026 at NetApp, down from $434.0 million in the prior quarter.
- The five-year high for Operating Income was $434.0 million in Q1 2026, with the low at -$796.0 million in Q2 2026.
- Average Operating Income over 5 years is $97.8 million, with a median of $293.0 million recorded in 2022.
- Across the five-year window, Operating Income surged 175.46% in 2024 and plunged 290.98% in 2025, its largest moves.
- Year by year, Operating Income stood at $282.0 million in 2022, then gained by 7.8% to $304.0 million in 2023, then advanced by 13.49% to $345.0 million in 2024, then rose by 15.65% to $399.0 million in 2025, then plunged by 299.5% to -$796.0 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$796.0 million, $434.0 million, and $399.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 6.13 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 754.00 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 397.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 13.79 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 580.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -61.99 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 203.05 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -171.99 Mn |
| 10 | NetApp | 31.12 Bn | 27.54 Bn | 1.37 Bn | -796.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | -796.00 Mn |
| Jan 23, 2026 | 434.00 Mn |
| Oct 24, 2025 | 399.00 Mn |
| Jul 25, 2025 | 309.00 Mn |
| Apr 25, 2025 | -699.00 Mn |
| Jan 24, 2025 | 362.00 Mn |
| Oct 25, 2024 | 345.00 Mn |
| Jul 26, 2024 | 282.00 Mn |
| Apr 26, 2024 | 366.00 Mn |
| Jan 26, 2024 | 366.00 Mn |
| Oct 27, 2023 | 304.00 Mn |
| Jul 28, 2023 | 178.00 Mn |
| Apr 28, 2023 | -485.00 Mn |
| Jan 27, 2023 | 172.00 Mn |
| Oct 28, 2022 | 282.00 Mn |
| Jul 29, 2022 | 255.00 Mn |
| Apr 29, 2022 | -634.00 Mn |
| Jan 28, 2022 | 321.00 Mn |
| Oct 29, 2021 | 294.00 Mn |
| Jul 30, 2021 | 249.00 Mn |