← Research LibraryThe BriefFY2026 10-K · headline figures audited against SEC data
NetApp grew revenue 5.4% to $6.92B as all-flash storage reached 67% of its core business, lifting operating margin 383 bps to 24.17% and free cash flow 39.7% to $1.87B
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 5.4% to $6.92B, all organicOK
- Profitability — Operating margin up 383 bps to 24.17%; net income $1.28BOK
- Balance sheet — Debt down 23.1% to $2.49B; $3.6 billion cash and investmentsOK
- Accounting quality — Grey-zone balance-sheet score; no manipulation flag; earnings quality safeNote
- Capital allocation — $950M buybacks plus $413M dividends, against $1.87B free cash flowOK
- Distributor concentration — Two distributors were 43% of net revenuesWatch
Business
NetApp sells enterprise data storage built on its ONTAP software: all-flash and hybrid-flash arrays for data centers, the support contracts that come with them, and cloud storage services that run natively on AWS, Microsoft Azure and Google Cloud. It reports two segments, Hybrid Cloud ($6,237 million of fiscal 2026 revenue) and Public Cloud ($688 million). Most sales go through partners; two distributors accounted for 43% of net revenues.
Where the revenue comes from
Fiscal 2026, as NetApp, Inc. reports it. History and quarterly detail are in the app.
- All-Flash Revenues$4.2B
- Hybrid-Flash and Other Revenues$2.1B
- Public Cloud$688.0M
Leadership changes
From NetApp, Inc.'s own filings, the day they're filed.
- Wissam Jabre · President · appointmenteff. 2025-03-10
- Michael J. Berry · Chief Financial Officer · appointmenteff. 2025-03-10
- Daniel De Lorenzo · President · appointmenteff. 2024-04-08
Latest filings
- 8-K · Company announcement2026-09-11
- 10-Q · Quarterly report2026-09-02
- 8-K · Company announcement2026-09-02
- DEF 14A · Annual proxy (pay & governance)2026-07-28
- 10-K · Annual report2026-06-05
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about NetApp, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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