NetApp (NTAP) is trading down at $214.70 (-3.38%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Analyst price targets on NTAP
One firm's current price target on NetApp: $210 — 2% below the current $215. Each is tracked to its date and scored the same way a member's call is.
- Goldman Sachs $185 → $210 by Sep 2027 Sep 3, 2026 via Investing.com · Goldman Sachs's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
NetApp revenue & net income history (FY2017–FY2026)
| FY2017Apr 2017 | FY2018Apr 2018 | FY2019Apr 2019 | FY2020Apr 2020 | FY2021Apr 2021 | FY2022Apr 2022 | FY2023Apr 2023 | FY2024Apr 2024 | FY2025Apr 2025 | FY2026Apr 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $5.52B | $5.92B | $6.15B | $5.41B | $5.74B | $6.32B | $6.36B | $6.27B | $6.57B | $6.92B |
| Growth (year over year) | −0.5% | +7.2% | +3.8% | −11.9% | +6.1% | +10.0% | +0.7% | −1.5% | +4.9% | +5.4% |
| Gross profit | $3.36B | $3.71B | $3.94B | $3.62B | $3.81B | $4.22B | $4.21B | $4.43B | $4.61B | $4.90B |
| Gross margin | 61.0% | 62.7% | 64.2% | 66.9% | 66.4% | 66.8% | 66.2% | 70.7% | 70.2% | 70.7% |
| Operating income | $621.0M | $1.16B | $1.22B | $945.0M | $1.03B | $1.16B | $1.02B | $1.21B | $1.34B | $1.67B |
| Operating margin | 11.3% | 19.6% | 19.9% | 17.5% | 17.9% | 18.3% | 16.0% | 19.4% | 20.3% | 24.2% |
| Net income | $481.0M | $116.0M | $1.17B | $819.0M | $730.0M | $937.0M | $1.27B | $986.0M | $1.19B | $1.28B |
| Net margin | 8.7% | 2.0% | 19.0% | 15.1% | 12.7% | 14.8% | 20.0% | 15.7% | 18.0% | 18.4% |
| EPS (diluted) | $1.71 | $0.42 | $4.51 | $3.52 | $3.23 | $4.09 | $5.79 | $4.63 | $5.67 | $6.35 |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.44B | $2.94B | $2.33B | $2.66B | $4.53B | $4.11B | $2.32B | $1.90B | $2.74B | $2.07B |
| Total assets | $9.49B | $9.99B | $8.74B | $7.52B | $9.36B | $10.0B | $9.82B | $9.89B | $10.8B | $10.7B |
| Total liabilities | $6.71B | $7.71B | $7.65B | $7.28B | $8.68B | $9.19B | $8.66B | $8.74B | $9.78B | $9.39B |
| Long-term debt | $744.0M | $1.54B | $1.14B | $1.15B | $2.63B | $2.39B | $2.39B | $1.99B | $2.48B | $2.49B |
| Shareholders' equity | $2.95B | $2.28B | $1.09B | $242.0M | $685.0M | $838.0M | $1.16B | $1.15B | $1.04B | $1.35B |
| Cash flow | ||||||||||
| Operating cash flow | $986.0M | $1.48B | $1.34B | $1.06B | $1.33B | $1.21B | $1.11B | $1.69B | $1.51B | $2.07B |
| Capital expenditure | $175.0M | $145.0M | $173.0M | $124.0M | $162.0M | $226.0M | $239.0M | $155.0M | $168.0M | $198.0M |
| Free cash flow | $811.0M | $1.33B | $1.17B | $936.0M | $1.17B | $985.0M | $868.0M | $1.53B | $1.34B | $1.87B |
| Dividends paid | $208.0M | $214.0M | $403.0M | $439.0M | $427.0M | $446.0M | $432.0M | $416.0M | $424.0M | $413.0M |
| Share buybacks | $705.0M | $794.0M | $2.11B | $1.41B | $125.0M | $600.0M | $850.0M | $900.0M | $1.15B | $950.0M |
| Q2 FY25Oct 2024 | Q3 FY25Jan 2025 | Q4 FY25†Apr 2025 | Q1 FY26Jul 2025 | Q2 FY26Oct 2025 | Q3 FY26Jan 2026 | Q4 FY26†Apr 2026 | Q1 FY27Jul 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.66B | $1.64B | $1.73B | $1.56B | $1.71B | $1.71B | $1.95B | $2.02B |
| Growth (year over year) | +6.1% | +2.2% | +3.8% | +1.2% | +2.8% | +4.4% | +12.5% | +29.9% |
| Gross profit | $1.18B | $1.15B | $1.19B | $1.10B | $1.23B | $1.21B | $1.36B | $1.42B |
| Gross margin | 71.0% | 69.8% | 68.9% | 70.4% | 72.0% | 70.6% | 70.1% | 70.1% |
| Operating income | $345.0M | $362.0M | $348.0M | $309.0M | $399.0M | $434.0M | $532.0M | $484.0M |
| Operating margin | 20.8% | 22.1% | 20.1% | 19.8% | 23.4% | 25.3% | 27.3% | 23.9% |
| Net income | $299.0M | $299.0M | $340.0M | $233.0M | $305.0M | $334.0M | $404.0M | $375.0M |
| Net margin | 18.0% | 18.2% | 19.6% | 14.9% | 17.9% | 19.5% | 20.7% | 18.5% |
| EPS (diluted) | $1.42 | $1.44 | $1.64 | $1.15 | $1.51 | $1.67 | $2.02 | $1.88 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.48B | $1.51B | $2.74B | $2.08B | $2.07B | $1.63B | $2.07B | $1.57B |
| Total assets | $9.00B | $8.99B | $10.8B | $9.68B | $9.63B | $9.97B | $10.7B | $11.0B |
| Total liabilities | $8.11B | $7.99B | $9.78B | $8.70B | $8.64B | $8.81B | $9.39B | $9.46B |
| Long-term debt | $1.24B | $1.24B | $2.48B | $2.48B | $2.49B | $2.49B | $2.49B | $1.94B |
| Shareholders' equity | $892.0M | $995.0M | $1.04B | $975.0M | $986.0M | $1.16B | $1.35B | $1.50B |
| Cash flow | ||||||||
| Operating cash flow | $105.0M | $385.0M | $675.0M | $673.0M | $127.0M | $317.0M | $950.0M | $503.0M |
| Capital expenditure | $45.0M | $47.0M | $35.0M | $53.0M | $49.0M | $46.0M | $50.0M | $102.0M |
| Free cash flow | $60.0M | $338.0M | $640.0M | $620.0M | $78.0M | $271.0M | $900.0M | $401.0M |
| Dividends paid | $106.0M | $106.0M | $105.0M | $104.0M | $103.0M | $103.0M | $103.0M | $102.0M |
| Share buybacks | $300.0M | $200.0M | $250.0M | $300.0M | $250.0M | $200.0M | $200.0M | $200.0M |
From NetApp's 10-K and 10-Q filings with the SEC; its fiscal year ends in April. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About NetApp
NetApp, Inc. is an American data infrastructure company that provides unified data storage, integrated data services, and cloud operations (CloudOps) solutions to enterprise customers. The company is based in San Jose, California. It was ranked in the Fortune 500 from 2012 to 2021. Founded in 1992 with an initial public offering in 1995, NetApp offers cloud data services for management of applications and data both online and physically.
- Headquarters
- San Jose, California From SEC filings, Oct 2026
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