FINHUB Insights

NTAP · Q1 FY26 · Apr 26 – Jul 25, 2025

NetApp Q1 FY26: where the revenue came from and where it went

NetApp Q1 FY26: revenue $1.6B (+1% year over year). Net profit $0.23B. Largest cohort Product $0.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 26 – Jul 25, 2025
Reported
Aug 27, 2025 10-Q
Sankey diagram of NetApp's income statement for Q1 FY26: revenue of $1.56 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.56B +1% year over year
Gross profit$1.10B 70% margin
Operating profit$0.31B 20% margin
Net profit$0.23B 15% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Jul 25, 2025).
ItemValueShare of revenueYear over year
Revenue 1.56 100% +1%
Product 0.65 42% −2%
Support 0.65 42% +3%
Public cloud 0.16 10% +1%
Professional 0.10 6% +18%
Cost of revenue−0.4630%
Gross profit1.1070% margin−1pp
R&D−0.2416%−1pp
Sales & marketing−0.4630%−1pp
G&A−0.085%+1pp
Operating profit0.3120% margin+2pp
Tax−0.08
Net profit0.2315%−1pp
Filing on EDGAR More quarters of NTAP

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.