The financials
NetApp by the numbers
NetApp (NTAP) reported revenue of $1.82B in Q1 2027 (quarter ended Jul 31, 2026), up 30% from the same quarter a year earlier. That came with a gross margin of 78% and net income of $375M (21% of revenue). For the full year FY2026, revenue was $6.24B (+5.6% year on year) and net income $1.28B. Its largest product in Q4 2026 (quarter ended Apr 24, 2026) was Service at $982M, 55% of the disclosed total, ahead of Support at 39%.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $1.82B | $1.40B | +30% |
| Gross profit | $1.42B | $1.10B | +29% |
| Operating income | $484M | $309M | +57% |
| Net income | $375M | $233M | +61% |
| Diluted EPS | $1.88 | $1.15 | +63% |
| Product | Revenue | Share |
|---|---|---|
| Service | $982M | 55% |
| Support | $688M | 39% |
| Professional And Other Services | $112M | 6.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q4 2026Total $1.78B (+6.1%)
Professional And Other Services grew +14% year on yearSupport +10% year on year
Segment Latestquarter on quarteryear on year
- Service$982.0M$982.0MQoQ +5.9%year on year +11%+5.9%+11%
- Support$688.0M$688.0MQoQ +5.2%year on year +10%+5.2%+10%
- Professional And Other Services$112.0M$112.0MQoQ +13%year on year +14%+13%+14%
Software - Infrastructure
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