NetApp (NTAP) Financials: Revenue & Earnings

NTAP price $223.89 -3.69 -1.62%

Ticker
NTAP
Price
$223.89
Change
-3.69 -1.62%
Market cap ?
$43.98B
P/E ?
30.93
Forward P/E ?
22.37
Dividend yield ?
0.94%
Beta ?
1.45
Sector
Technology
Industry
Computer Hardware
Stocklytics score
51
Value
32
Quality
71
Growth
50

Stocklytics score rationale: value 32, quality 71, growth 50.

Financials

2017201820192020202120222023202420252026
5519000000591100000061460000005412000000574400000063180000006362000000626800000065720000006925000000

NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management…

Fair value

NTAP fair value $163.27. Price $223.89. Price is 37% above fair value.

Above fair value, and more expensive than usual. A larger premium than on more than 99% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.65B. Growth 9.60%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 12.00% (beta 1.5). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 196.42M. Net debt 663.00M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare NTAP

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-12-01—2.60—2.10B
2026-09-022.582.122.02B1.84B
2026-05-282.432.271.95B1.87B
2026-02-262.122.061.71B1.70B
2025-11-252.051.881.71B1.69B
2025-08-271.551.541.56B1.55B
2025-05-291.931.901.73B1.72B
2025-02-271.911.911.64B1.68B
2024-11-211.871.781.66B1.65B
2024-08-281.561.451.54B1.53B
2024-05-301.801.791.67B1.65B
2024-02-291.941.691.61B1.59B
2023-11-281.581.401.56B1.56B
2023-08-231.151.071.43B1.52B
2023-05-311.541.351.58B1.54B
2023-02-221.371.311.53B1.61B
2022-11-291.481.341.66B1.67B
2022-08-241.201.101.59B1.55B
2022-06-011.421.281.68B1.68B
2022-02-231.441.281.61B1.61B
2021-11-301.281.211.57B1.61B
2021-08-251.150.951.46B1.55B
2021-06-021.171.121.55B5.01B
2021-02-241.101.011.47B1.34B
2020-12-011.050.721.42B1.31B
2020-08-260.730.401.30B1.06B
2020-05-271.191.041.40B1.22B
2020-02-121.161.181.40B1.43B
2019-11-131.090.941.37B1.18B
2019-08-140.650.571.24B1.10B
2019-05-221.221.261.59B1.63B
2019-02-131.201.151.56B1.50B
2018-11-141.060.991.52B1.42B
2018-08-151.040.801.47B1.13B
2018-05-231.051.011.64B1.58B
2018-02-140.990.901.52B1.41B
2017-11-150.810.691.42B1.21B
2017-08-160.620.551.32B1.17B
2017-05-240.860.821.48B1.39B
2017-02-150.820.741.40B1.27B

Dividends

Yield 0.93%. Payout ratio 28.98%. Frequency Quarterly.

Safety score 91/100 · Safe. Payout ratio is 29% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 14 separate years. Yield is 0.9%, which is modest.

Ex-dateDividendRecordPaymentFrequency
2026-10-09$0.522026-10-092026-10-28Quarterly
2026-07-10$0.522026-07-102026-07-29Quarterly
2026-04-02$0.522026-04-032026-04-22Quarterly
2026-01-02$0.522026-01-022026-01-21Quarterly
2025-10-03$0.522025-10-032025-10-22Quarterly
2025-07-03$0.522025-07-032025-07-23Quarterly
2025-04-04$0.522025-04-042025-04-23Quarterly
2025-01-03$0.522025-01-032025-01-22Quarterly
2024-10-04$0.522024-10-042024-10-23Quarterly
2024-07-05$0.522024-07-052024-07-24Quarterly
2024-04-04$0.502024-04-052024-04-24Quarterly
2024-01-04$0.502024-01-052024-01-24Quarterly
2023-10-05$0.502023-10-062023-10-25Quarterly
2023-07-06$0.502023-07-072023-07-26Quarterly
2023-04-05$0.502023-04-062023-04-26Quarterly
2023-01-05$0.502023-01-062023-01-25Quarterly
2022-10-06$0.502022-10-072022-10-26Quarterly
2022-07-07$0.502022-07-082022-07-27Quarterly
2022-04-07$0.502022-04-082022-04-27Quarterly
2022-01-06$0.502022-01-072022-01-26Quarterly
2021-10-07$0.502021-10-082021-10-27Quarterly
2021-07-08$0.502021-07-092021-07-28Quarterly
2021-04-08$0.482021-04-092021-04-28Quarterly
2021-01-07$0.482021-01-082021-01-27Quarterly
2020-10-08$0.482020-10-092020-10-28Quarterly
2020-07-09$0.482020-07-102020-07-29Quarterly
2020-04-02$0.482020-04-032020-04-22Quarterly
2020-01-02$0.482020-01-032020-01-22Quarterly
2019-10-03$0.482019-10-042019-10-23Quarterly
2019-07-03$0.482019-07-052019-07-24Quarterly
2019-04-04$0.402019-04-052019-04-24Quarterly
2019-01-03$0.402019-01-042019-01-23Quarterly
2018-10-04$0.402018-10-052018-10-24Quarterly
2018-07-05$0.402018-07-062018-07-25Quarterly
2018-04-05$0.202018-04-062018-04-25Quarterly
2018-01-04$0.202018-01-052018-01-24Quarterly
2017-10-05$0.202017-10-062017-10-25Quarterly
2017-07-05$0.202017-07-072017-07-26Quarterly
2017-04-05$0.192017-04-072017-04-26Quarterly
2017-01-04$0.192017-01-062017-01-25Quarterly
2016-10-05$0.192016-10-072016-10-26Quarterly
2016-07-14$0.192016-07-182016-07-27Quarterly
2016-04-06$0.182016-04-082016-04-27Quarterly
2016-01-06$0.182016-01-082016-01-20Quarterly
2015-10-07$0.182015-10-092015-10-21Quarterly
2015-07-08$0.182015-07-102015-07-23Quarterly
2015-04-08$0.172015-04-102015-04-23Quarterly
2015-01-07$0.172015-01-092015-01-22Quarterly
2014-10-08$0.172014-10-102014-10-22Quarterly
2014-07-08$0.172014-07-102014-07-22Quarterly
2014-04-08$0.152014-04-102014-04-22Quarterly
2014-01-07$0.152014-01-092014-01-22Quarterly
2013-10-17$0.152013-10-212013-10-25Quarterly
2013-07-09$0.152013-07-112013-07-23Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-15O'Callahan Elizabeth MBuy1.39K——
2026-10-15O'Callahan Elizabeth MSell699$222.20155.32K
2026-10-15O'Callahan Elizabeth MSell1.39K——
2026-10-15Nair SyamBuy1.85K——
2026-10-15Nair SyamSell727$222.20161.54K
2026-10-15Nair SyamSell1.85K——
2026-10-15JABRE WISSAM GBuy1.73K——
2026-10-15JABRE WISSAM GSell874$222.20194.20K
2026-10-15JABRE WISSAM GSell1.73K——
2026-10-15Kurian GeorgeBuy3.66K——
2026-10-15Kurian GeorgeSell1.84K$222.20409.96K
2026-10-15Kurian GeorgeSell3.66K——
2026-10-15CERNUDA CESARBuy1.85K——
2026-10-15CERNUDA CESARSell869$222.20193.09K
2026-10-15CERNUDA CESARSell1.85K——
2026-10-15De Lorenzo DanielSell808——
2026-10-15De Lorenzo DanielBuy808——
2026-10-15De Lorenzo DanielSell287$222.2063.77K
2026-10-12O'Callahan Elizabeth MSell1.00K$237.42237.42K
2026-10-02Palin CarrieSell5.00K$216.431.08M
2026-10-01HELD GERALDSell5.76K$212.001.22M
2026-10-01Kurian GeorgeSell3.69K$209.01771.04K
2026-10-01Kurian GeorgeSell3.61K$210.20759.24K
2026-10-01Kurian GeorgeSell1.70K$210.98358.03K
2026-10-01Kurian GeorgeSell1.00K$211.67212.09K
2026-09-29Kurian GeorgeSell50.00K$209.9510.50M
2026-09-24Kurian GeorgeSell37.00K$199.957.40M
2026-09-21Kurian GeorgeSell13.00K$200.012.60M
2026-09-21Ahuja DeepakSell3.45K$200.00690.00K
2026-09-14Ahuja DeepakSell3.53K$194.04684.19K
2026-09-14Kurian GeorgeSell11.62K$190.282.21M
2026-09-14Kurian GeorgeSell12.68K$191.252.43M
2026-09-14Kurian GeorgeSell12.85K$192.112.47M
2026-09-14Kurian GeorgeSell1.37K$193.34264.88K
2026-09-14Kurian GeorgeSell1.49K$194.04288.73K
2026-09-11NEVENS THOMAS MICHAELSell5.94K$195.211.16M
2026-09-10O'Callahan Elizabeth MSell1.00K$184.74184.74K
2026-09-09Yang JuneBuy1.54K——
2026-09-09GUSTAFSSON ANDERSBuy1.54K——
2026-09-09Ahuja DeepakBuy1.54K——
2026-09-09Fipps PaulBuy1.54K——
2026-09-09HELD GERALDBuy1.54K——
2026-09-09KERR DEBORAHBuy1.54K——
2026-09-09NEVENS THOMAS MICHAELBuy1.95K——
2026-09-09Palin CarrieBuy1.54K——
2026-09-09Pelzer Francis J.Buy1.54K——
2026-09-08GUSTAFSSON ANDERSBuy2.31K——
2026-09-08GUSTAFSSON ANDERSSell2.31K——
2026-09-08Fipps PaulBuy2.65K——
2026-09-08Fipps PaulSell2.65K——
2026-09-08HELD GERALDBuy2.31K——
2026-09-08HELD GERALDSell2.31K——
2026-09-08KERR DEBORAHBuy2.31K——
2026-09-08KERR DEBORAHSell2.31K——
2026-09-08NEVENS THOMAS MICHAELBuy2.91K——
2026-09-08NEVENS THOMAS MICHAELSell2.91K——
2026-09-08Palin CarrieBuy2.31K——
2026-09-08Palin CarrieSell2.31K——
2026-09-08Pelzer Francis J.Buy2.31K——
2026-09-08Pelzer Francis J.Sell2.31K——
2026-08-17CERNUDA CESARSell1.19K$203.63242.73K
2026-08-17CERNUDA CESARSell495$204.36101.16K
2026-08-17CERNUDA CESARSell821$205.56168.76K
2026-08-17CERNUDA CESARSell100$206.4020.64K
2026-08-15CERNUDA CESARBuy4.40K——
2026-08-15CERNUDA CESARSell2.07K$204.99424.33K
2026-08-15CERNUDA CESARSell1.45K——
2026-08-15CERNUDA CESARSell1.20K——
2026-08-15CERNUDA CESARSell1.76K——
2026-08-15JABRE WISSAM GBuy1.36K——
2026-08-15JABRE WISSAM GSell684$204.99140.21K
2026-08-15JABRE WISSAM GSell1.36K——
2026-08-15O'Callahan Elizabeth MBuy2.91K——
2026-08-15O'Callahan Elizabeth MSell1.47K$204.99300.93K
2026-08-15O'Callahan Elizabeth MSell1.21K——
2026-08-15O'Callahan Elizabeth MSell699——
2026-08-15O'Callahan Elizabeth MSell1.00K——
2026-08-15De Lorenzo DanielSell421——
2026-08-15De Lorenzo DanielBuy743——
2026-08-15De Lorenzo DanielSell266$204.9954.53K
2026-08-15De Lorenzo DanielSell175——
2026-08-15De Lorenzo DanielSell147——
2026-08-15Kurian GeorgeBuy7.57K——
2026-08-15Kurian GeorgeSell3.82K$204.99782.45K
2026-08-15Kurian GeorgeSell2.68K——
2026-08-15Kurian GeorgeSell2.00K——
2026-08-15Kurian GeorgeSell2.88K——
2026-08-15Nair SyamSell42.74K——
2026-08-15Nair SyamBuy42.74K——
2026-08-15Nair SyamSell16.82K$204.993.45M
2026-08-10O'Callahan Elizabeth MSell1.00K$193.82193.82K
2026-07-10O'Callahan Elizabeth MSell1.00K$170.92170.92K
2026-07-01Kurian GeorgeBuy29.26K——
2026-07-01De Lorenzo DanielBuy6.47K——
2026-07-01CERNUDA CESARBuy14.78K——
2026-07-01O'Callahan Elizabeth MBuy11.09K——
2026-07-01JABRE WISSAM GBuy13.86K——
2026-07-01Nair SyamBuy14.78K——
2026-06-23CERNUDA CESARSell5.63K$153.00861.39K
2026-06-23CERNUDA CESARSell14.95K$154.012.30M

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.01K, holders +105 vs prior quarter. Ownership 99.27%.

HolderSharesChangeChange %Value
BLACKROCK, INC.18.90M-1.01M-5.06%2.93B
VANGUARD CAPITAL MANAGEMENT LLC12.89M397.64K+3.18%1.99B
VANGUARD PORTFOLIO MANAGEMENT LLC12.28M-375.37K-2.97%1.90B
STATE STREET CORP9.92M-101.94K-1.02%1.54B
PRIMECAP MANAGEMENT CO/CA/9.02M-40.77K-0.45%1.40B
GEODE CAPITAL MANAGEMENT, LLC6.37M-76.30K-1.18%986.50M
AMERIPRISE FINANCIAL INC4.68M-1.32M-22.06%723.90M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC4.44M383.70K+9.45%687.76M
NORGES BANK4.17M4.17MNew645.48M
WELLINGTON MANAGEMENT GROUP LLP3.86M-810.70K-17.36%597.38M
BOSTON PARTNERS3.42M-166.68K-4.64%530.05M
FIRST TRUST ADVISORS LP3.10M-553.07K-15.12%480.53M
INVESCO LTD.3.09M-802.38K-20.62%478.15M
GOLDMAN SACHS GROUP INC3.08M191.38K+6.64%475.91M
MORGAN STANLEY2.83M-206.63K-6.81%437.83M
NORTHERN TRUST CORP2.66M-179.43K-6.32%411.27M
LYRICAL ASSET MANAGEMENT LP2.47M-61.52K-2.43%381.61M
JANE STREET GROUP, LLC2.39M2.39MNew369.72M
DIMENSIONAL FUND ADVISORS LP2.22M90.78K+4.26%343.66M
CITIGROUP INC2.01M-1.77M-46.76%311.18M
BEUTEL, GOODMAN & CO LTD.1.93M-1.72M-47.14%297.97M
LEGAL & GENERAL GROUP PLC1.67M-51.30K-2.98%258.09M
JPMORGAN CHASE & CO1.58M-195.44K-11.01%245.04M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1.54M550.52K+55.67%238.24M
BANK OF AMERICA CORP /DE/1.52M-433.45K-22.16%235.68M

Earnings and financials

NetApp, Inc. (NTAP) trades at $223.89, with a market cap of $43.98B and a trailing P/E of 30.93. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2017201820192020202120222023202420252026
5519000000591100000061460000005412000000574400000063180000006362000000626800000065720000006925000000

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NetApp (NTAP) Financials: Revenue & Earnings

NTAP$223.89-3.69 -1.62%

$43.98B

Market Cap

30.93

P/E

22.37

Forward P/E

51

Score

Price History