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
DateValue
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