profit from every $100 of sales.
$0$100
NetApp
$181.37-2.53% today
+65.5% in 1 year
1-year low $94.111-year high $239.18
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2026.
0%20% a year
You pay $27.92 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What NetApp sold, what it kept, and what it did with the cash.
Sales went from $6.36 billion in 2023 to $6.93 billion in 2026, with $1.28 billion of profit last year.
SalesProfit
NetApp handed back 73% of the cash it generated last year.
Buybacks $950M$413M
Free cash flow 2026$1.9B
Bought back its own shares$950M
Paid as dividends$413M
Cash vs. debt$2.1B vs. $2.7B
NetApp vs. similar companies
NetApp grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| NetApp | 27.9× · Fair price | ||
 Arista Networks | 71.0× · Very expensive | ||
 Dell Technologies | 36.9× · Expensive | ||
 Sandisk | 11.0× · Cheap | ||
 Seagate Technology Holdings | 38.1× · Expensive |
AI analysis
An AI analyst reads NetApp's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 5,744 | 6,318 | 6,362 | 6,268 | 6,572 | 6,925 | |
| 3,815 | 4,220 | 4,209 | 4,433 | 4,613 | 4,899 | |
| – | 1,203 | 1,159 | 1,268 | 1,425 | – | |
| 1,243 | 1,362 | 1,381 | 1,582 | 1,690 | 1,957 | |
| 730 | 937 | 1,274 | 986 | 1,186 | 1,276 | |
| 3.23 | 4.09 | 5.79 | 4.63 | 5.67 | 6.35 | |
| 66.4% | 66.8% | 66.2% | 70.7% | 70.2% | 70.7% | |
| – | 19.0% | 18.2% | 20.2% | 21.7% | – | |
| 12.7% | 14.8% | 20.0% | 15.7% | 18.0% | 18.4% |
Balance sheet
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Total assets | 9,360 | 10,026 | 9,818 | 9,887 | 10,823 | 10,744 |
| Cash | 4,529 | 4,112 | 2,316 | 1,903 | 2,742 | 2,070 |
| Total debt | 2,703 | 2,940 | 2,684 | 2,652 | 3,491 | 2,691 |
| Total liabilities | 8,675 | 9,188 | 8,659 | 8,741 | 9,783 | 9,393 |
| 685 | 838 | 1,159 | 1,146 | 1,040 | 1,351 | |
| 226 | 229 | 220 | 213 | 209 | 201 | |
| 24.2% | 24.4% | 23.3% | 27.6% | 25.2% | 34.3% | |
| 106.6% | 111.8% | 109.9% | 86.0% | 114.0% | 94.4% |
Cash flow
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 1,333 | 1,211 | 1,107 | 1,685 | 1,506 | 2,067 | |
| 162 | 226 | 239 | 155 | 168 | 198 | |
| 1,171 | 985 | 868 | 1,530 | 1,338 | 1,869 | |
| Dividends paid | 427 | 446 | 432 | 416 | 424 | 413 |
| 125 | 600 | 850 | 900 | 1,150 | 950 | |
| 197 | 245 | 312 | 357 | 386 | 382 |
Valuation
- 27.9×
- 21.2×
- 1.93
- 25.4×
- 5.1×
- 19.1×
- 18.5×
- 5.2%
- 3.6%
- 1.2%
Profitability
- 70.7%
- 21.7%
- 18.4%
- 27.1%
- 19.2%
- 29.2%
- 114.2%
- 11.9%
- 24.9%
- 14.3%
Growth
- +3.8%
- +14.5%
- +39.7%
- +1.6%
- −3.1%
Financial health
- 0.3×
- 1.84
- 23.1%
- 20.6×
- 1.44
- 1.39
- 0.64
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 13%of 973
Top 14%of 979
Top 48%of 746
Bottom 35%of 979
Top 25%of 981
What analysts expect
- Average price target
- $120.50
- Range
- $89.00 – $137.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Feb 26, 2026 | 2.12 | 2.06 | +2.9% |
| Nov 25, 2025 | 2.05 | 1.88 | +9.0% |
| Aug 27, 2025 | 1.55 | 1.54 | +0.6% |
| May 29, 2025 | 1.93 | 1.90 | +1.6% |
| Feb 27, 2025 | 1.91 | 1.91 | +0.0% |
| Nov 21, 2024 | 1.87 | 1.78 | +5.1% |
| Aug 28, 2024 | 1.56 | 1.45 | +7.6% |
| May 30, 2024 | 1.80 | 1.79 | +0.6% |
1.2%of the share price, paid each year
On $1,000 invested$12a year at today's yield, before tax
+1.6%2020 to 2025
Raised2 yearsin a row, in our data
Paid per share, each year
$0.69 in 2015 → $2.08 in 2025
How safe it looks
32.4% of its profit
Room to growStretchedMore than it earns: 22.1%
News
Here Are Monday’s Top Wall Street Analyst Research Calls: Block, Boise Cascade, Equifax, FirstEnergy, Lockheed Martin, Lumentum Holdings, NetApp, Roper Technologies, Spotify, Technology, and MoreYahoo Finance · Oct 26, 2026Stock Market Today: Nasdaq Leads Rise; NetApp Outperforms These Chip Plays (Live Coverage)Yahoo Finance · Sep 30, 2026NetApp introduces new architecture for AI factories at Insight; analysts react positivelySeeking Alpha · Sep 30, 2026Stock Market Today: Nasdaq Leads Charge As Jobs Data Looms; NetApp Tests Support (Live Coverage)Yahoo Finance · Sep 3, 2026NetApp tumbles as Wall Street sees 'mixed bag' with results, guidanceSeeking Alpha · Sep 3, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
81Pass
Benjamin Graham
43No pass
Philip Fisher
83Pass
Peter Lynch
51No pass
Joel Greenblatt
38No pass
Charlie Munger
83Pass
Terry Smith
83Pass
Questions about NetApp
Is NetApp a good stock to buy?
A solid business at a fair price. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the NetApp AI analysis
What does NetApp do?
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. It is in Computer Hardware, based in San Jose, CA, United States.
Does NetApp pay a dividend?
Yes. At today's price the dividend is 1.2% a year, about 32% of its yearly profit. In 2026 it paid out $413 million in dividends.
Is NetApp stock halal?
Yes. NetApp passes our halal screen: its business is permitted and its debt is 8% of its market value, under the 30% limit. How we check
How has NetApp stock done over the past year?
Up 65.5% over the past twelve months, to $181.37. It traded between $94.11 and $239.18 and is 24.2% below its high.
Who are NetApp's competitors?
The largest listed companies in the same industry are Arista Networks, Dell Technologies, Sandisk and Seagate Technology Holdings. The peers table on this page compares their profit, growth and price with NetApp's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.