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NetApp $NTAP

Information Technology · Technology Hardware, Storage & Peripherals · NYSE/NASDAQ

S&P 500 Russell 1000 California

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$209.97

+2.60 (+1.25%)

As of Oct 20, 2026, 5:56 PM EDT · cached

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Sep 3, 2026, the first target we tracked for NTAP.

Key facts

52-week range (closes): $94.11 – $239.18 Lowest close Jan 20, 2026, highest Oct 12, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: April Fiscal 2026 ended Apr 24, 2026, from SEC filings
In the S&P 500 since: Jun 25, 1999 · All S&P 500 changes
Analyst coverage: 2 open price targets from 2 firms: Barclays, Goldman Sachs Approved targets tracked here; see the analyst section below

NetApp (NTAP) is trading up at $209.97 (+1.25%) 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

Current price targets from 2 firms average $215, ranging from $210 to $219 — 2% above the current $210. Each is tracked to its date and scored the same way a member's call is.

Barclays $204 → $219 by Oct 2027 Equal Weight Oct 17, 2026 via Seeking Alpha · Barclays's track record
Goldman Sachs $185 → $210 by Sep 2027 Buy 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)

RevenueNet incomeNet margin (right axis, %)

NetApp annual financial statements
	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

RevenueNet incomeNet margin (right axis, %)

NetApp quarterly financial statements
	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 →

NetApp vs the Information Technology sector and the S&P 500

NetApp's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

NetApp compared with the median Information Technology company and the median S&P 500 company
Measure	NetApp	Information Technology (75 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+5.4%	+13.8%	+7.0%
Net margin, latest fiscal year	18.4%	16.5%	12.9%
Dividend per share, latest fiscal year	$2.08	$1.82	$2.40
Share price change, 1 year	+79.1%	+13.1%	+7.5%

NetApp: fiscal year ended April 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, NetApp included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

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.

Source: Wikipedia — NetApp