NetApp (NTAP) Operating Income (2009 - 2026)
NetApp (NTAP) recorded Operating Income of $484 million in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 56.6% from $309 million a year earlier but down 9.0% from the prior quarter.
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Analysis
NetApp (NTAP) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, NetApp's Operating Income came in at $1.85 billion as of Jul 31, 2026, up 35.6% year-over-year; for FY2026 (ended Apr 24, 2026), it came in at $1.67 billion, up 25.2% from FY2025.
- Annual Operating Income has increased for three straight fiscal years, with a five-year compound annual growth rate of 10.2% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Income came in at $1.34 billion in FY2025 (+10.1%), $1.21 billion in FY2024 (+19.3%), $1.02 billion in FY2023 (-12.0%) and $1.16 billion in FY2022 (+12.2%).
- Quarterly Operating Income has ranged from $172 million in fiscal Q3 2023 to $532 million in fiscal Q4 2026 over the past five years.
- On a year-over-year basis, Operating Income has increased for five consecutive quarters, with growth averaging 20.3% over the last eight quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 112.8% in fiscal Q3 2024, against a decline of 46.4% in fiscal Q3 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $532 million (Q4 2026), $434 million (Q3 2026) and $399 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,982.68 Bn | 4,730.17 Bn | 54.77 Bn | 35.70 Bn |
| 2 | Cisco Systems | 421.04 Bn | 356.97 Bn | 11.06 Bn | 4.26 Bn |
| 3 | Dell Technologies | 360.24 Bn | 315.99 Bn | 9.83 Bn | 5.39 Bn |
| 4 | Arista Networks | 260.49 Bn | 213.94 Bn | 1.91 Bn | 1.38 Bn |
| 5 | Sandisk | 259.56 Bn | 248.08 Bn | 7.58 Bn | 7.04 Bn |
| 6 | Seagate Technology Holdings | 207.93 Bn | 202.92 Bn | 1.90 Bn | 1.56 Bn |
| 7 | Western Digital | 164.91 Bn | 153.04 Bn | 2.03 Bn | 1.56 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 2.99 Bn |
| 9 | Hewlett Packard Enterprise | 83.59 Bn | 61.47 Bn | 4.93 Bn | 1.39 Bn |
| 10 | NetApp | 39.43 Bn | 22.24 Bn | 1.42 Bn | 484.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 484.00 Mn |
| Apr 24, 2026 | 532.00 Mn |
| Jan 23, 2026 | 434.00 Mn |
| Oct 24, 2025 | 399.00 Mn |
| Jul 25, 2025 | 309.00 Mn |
| Apr 25, 2025 | 348.00 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 | 309.00 Mn |
| Jan 27, 2023 | 172.00 Mn |
| Oct 28, 2022 | 282.00 Mn |
| Jul 29, 2022 | 255.00 Mn |
| Apr 29, 2022 | 293.00 Mn |
| Jan 28, 2022 | 321.00 Mn |
| Oct 29, 2021 | 294.00 Mn |
API Access
NetApp Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "NTAP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();