NetApp

NTAP · Information Technology · Market cap $33.6B

Q3 FY26 Oct 25, 2025 – Jan 23, 2026 reported Feb 26, 2026

Revenue$1.7B +4% year over year

Gross profit$1.2B

Operating profit$0.4B

Net profit$0.3B 19% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Jan 23, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.7	100%	+4%
Product	0.8	47%	+4%
Support	0.7	41%	+5%
Public Cloud	0.2	12%	+0%
Professional	0.1	6%	+13%
Cost of revenue	−0.5	29%
Gross profit	1.2	71% margin	+1pp
Research & development	−0.2	14%	−1pp
Sales & marketing	−0.5	27%	−1pp
G&A	−0.1	5%	+1pp
Operating profit	0.4	25% margin	+3pp
Tax	−0.1
Net profit	0.3	19%	+1pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Oct 24, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.7	100%	+3%
Product	0.8	47%	+3%
Support	0.6	35%	+2%
Public Cloud	0.2	12%	+2%
Professional	0.1	6%	+14%
Cost of revenue	−0.5	29%
Gross profit	1.2	72% margin	+1pp
Research & development	−0.3	15%	−1pp
Sales & marketing	−0.5	27%	−2pp
G&A	−0.1	5%	+1pp
Operating profit	0.4	23% margin	+3pp
Tax	−0.1
Net profit	0.3	18%	+0pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Jul 25, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.6	100%	+1%
Product	0.7	44%	−2%
Support	0.6	38%	+3%
Public Cloud	0.2	12%	+1%
Professional	0.1	6%	+18%
Cost of revenue	−0.5	31%
Gross profit	1.1	70% margin	−1pp
Research & development	−0.2	16%	−1pp
Sales & marketing	−0.5	30%	−1pp
G&A	−0.1	5%	+1pp
Operating profit	0.3	20% margin	+2pp
Tax	−0.1
Net profit	0.2	15%	−1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Jan 24, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.6	100%	+2%
Product	0.8	50%	+1%
Support	0.6	38%	−2%
Public Cloud	0.2	12%	+15%
Professional	0.1	6%	+14%
Cost of revenue	−0.5	31%
Gross profit	1.1	70% margin	−2pp
Research & development	−0.2	15%	+0pp
Sales & marketing	−0.5	27%	+0pp
G&A	−0.1	5%	−1pp
Operating profit	0.4	22% margin	−1pp
Tax	−0.1
Net profit	0.3	18%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Oct 25, 2025 – Jan 23, 2026	Feb 26, 2026	$1.7B	+4%	24%	$0.3B	19%
Q2 FY25	Jul 26 – Oct 24, 2025	Nov 25, 2025	$1.7B	+3%	24%	$0.3B	18%
Q1 FY25	Apr 26 – Jul 25, 2025	Aug 27, 2025	$1.6B	+1%	19%	$0.2B	15%
Q3 FY25	Oct 26, 2024 – Jan 24, 2025	Feb 27, 2025	$1.6B	+2%	25%	$0.3B	18%