NetApp, Inc.
NTAP
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- NetApp operates in a competitive landscape with strong revenue growth, showcasing its ability to adapt and thrive in the software infrastructure sector.
- Revenue increased by 4% compared to the prior quarter, reaching $2.0 billion.
- Net income for the latest quarter was $375 million, reflecting a solid profit margin of 19.18%.
- The company's high debt-to-equity ratio of 169.5 raises concerns about financial stability and risk management.
- Trailing P/E ratio stands at 32.22, indicating the stock may be overvalued compared to its earnings.
- Operating margin has shown a declining trend from 27.3% in Q2 to 26.7% in Q3.
Fundamentals
| Market cap | $45.38B | Enterprise value | $44.34B | Trailing P/E | 32.59 | Forward P/E | 20.71 |
| PEG | 2.61 | Price / book | 30.29 | Beta | 1.45 | Dividend yield | 0.90% |
| Revenue growth | 29.9% | Earnings growth | 63.5% | Gross margin | 70.6% | Operating margin | 26.7% |
| Profit margin | 19.2% | ROE | 114.8% | ROA | 11.7% | Debt / equity | 1.69 |
| Current ratio | 1.24 | Free cash flow | $1.17B | Analyst recommendation | buy | Mean target | $211.69 |
| 52w high | $238.08 | 52w low | $93.69 |
Quarterly
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $1.7B | $1.7B | $1.6B |
| Op margin | 26.7% | 27.3% | 25.2% | 24.8% | 19.9% |
| Net income | $375M | $404M | $334M | $305M | $233M |
| Gross margin | 70.1% | 70.1% | 70.6% | 72.0% | 70.4% |
| Gross profit | $1.4B | $1.4B | $1.2B | $1.2B | $1.1B |
| Operating income | $540M | $531M | $431M | $422M | $311M |
- Revenue +4% vs prior quarter ($2.0B vs $1.9B).
- Gross margin 70.1% (was 70.1% prior quarter).
Yearly (6y)
| 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Revenue | $6.9B | $6.6B | $6.3B | $6.4B | — |
| Op margin | 24.5% | 21.7% | 20.2% | 18.2% | — |
| Net income | $1.3B | $1.2B | $986M | $1.3B | — |
| Gross margin | 70.7% | 70.2% | 70.7% | 66.2% | — |
| Gross profit | $4.9B | $4.6B | $4.4B | $4.2B | — |
| Operating income | $1.7B | $1.4B | $1.3B | $1.2B | — |
Headlines — positive tone
• [OK · fundamentals] NetApp (NTAP) Wins An Analyst Upgrade, Is It 19% Overvalued?
News
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2026-10-08 · NetApp Up 147% in the Past 6 Months: Time to Buy the Stock?
2026-10-08 · NetApp (NTAP) Wins An Analyst Upgrade, Is It 19% Overvalued?
2026-10-08 · Why Did HPE, ANET, NTAP Stocks Surge To 52-Week Highs Today?
Price (daily)
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