NetApp, Inc.NTAP

NasdaqTechnologyComputer Storage Devices
Price (close)
$197.24
Market cap
$38.7B
P/E
27.3x
Revenue (TTM)
$7.2B
Net income
$1.4B
Dividend yield
1.05%
1-year total return
66.2%
Net margin
19.7%
Revenue growth
11.8%
Debt / equity
1.66x

What NetApp, Inc. does.

NetApp, Inc. (NetApp, we, us, or the Company), headquartered in San Jose, California, is a global leader in Intelligent Data Infrastructure. Since our founding in 1992, we have transformed from a pioneering storage hardware provider into a software-driven, cloud-centric data infrastructure company. Our flagship ONTAP® data management software, together with a comprehensive portfolio of all-flash, hybrid-flash, and cloud-native solutions, forms the backbone of digital transformation for thousands of enterprises worldwide. NetApp empowers organizations to manage, protect, and leverage data across on-premises, hybrid, and multi-cloud environments. We are well positioned to enable Intelligent Data Infrastructure for our customers and help them realize the full promise of artificial intelligence (AI) providing solutions that connect, protect, and activate data across every data environment—on-premises, in the cloud, and at the edge.

NetApp operates at the intersection of major industry megatrends—rapid data growth, multi-cloud adoption, and the rise of AI—which are creating unprecedented challenges and opportunities for organizations as they seek to securely manage and leverage growing data estates. Well positioned to address these complexities, NetApp empowers Intelligent Data Infrastructure for our customers through our solutions, which seamlessly connect, manage and protect data across any environment. Our first-party native integration with all major hyperscalers—Amazon Web Services (AWS), Microsoft Azure, and Google Cloud—combined with decades of data management leadership, uniquely enables customers to harness these shifts for competitive advantage.

Revenue and profit, by fiscal year.

Fiscal year202120222023202420252026
Revenue$5.7B$6.3B$6.4B$5.7B$5.9B$6.2B
Net income$730.0M$937.0M$1.3B$986.0M$1.2B$1.3B
Free cash flow$1.2B$985.0M$868.0M$1.5B$1.3B$1.9B

More on NTAP.

Figures from NetApp, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.