Mostly Markets
Subscribe
Stocks/Information Technology/Technology Hardware, Storage & Peripherals

NetAppNTAP

Technology Hardware, Storage & Peripherals · San Jose, California · In the S&P 500
Solid business
$199.18−8.81%After hours: $199.06 (−0.06%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 74.5% over 1 year
NetApp over 1 yearDaily close, $, to 30 Oct 2026
$100$150Nov2026MarMayJulSep$199.18$100NovMarJul$199.18
Source: Nasdaq daily closes
Market value$39.12B
Price to earnings28.1x
Forward P/E20.0x
Dividend yield1.04%
Year to date+86.0%
One year+74.5%
Next earningsNot scheduled
SectorInformation Technology
52-week range (closes)
$94.11$239.18

Quality and valuation

How NetApp compares with other information technology stocks. A description, not a recommendation.

NetApp and 7 technology hardware, storage & peripherals peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among information technology companies, priced about in line with them.

NetApp trades at 20.0 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +12.2% vs +20.6%
  • Keeps more of each sale (gross margin): 70.6% vs 61.5%
  • More profitable (operating margin): 25.0% vs 17.0%
  • Turns more of its sales into cash: 22.3% vs 21.7%
NTAP trades at 20.0x forward earnings, below the sector medianForward p/e, Technology Hardware, Storage & Peripherals peers
SNDK5.4xHPE11.9xWDC14.9xDELL15.0xSTX16.0xNTAP20.0xAAPL37.4xP38.9xSector median 22.2xSNDK5.4xHPE11.9xWDC14.9xDELL15.0xSTX16.0xNTAP20.0xAAPL37.4xP38.9xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 28.1x earnings, NTAP is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x30xAverage 21.6x2025202628.1x20x30xAverage 21.6x2025202628.1x
Source: Nasdaq prices; SEC filings

Financials

From NetApp's SEC filings, through the quarter ending 31 Jul 2026. Hover or tap a bar for its value.

Revenue grew 29.9% from a year earlierQuarterly revenue, $bn, latest Q1 ’27
$0bn$1bn$2bnQ2 ’25Q4 ’25Q2 ’26$2.0bnQ1 ’27$0bn$1bn$2bnQ2 ’25Q4 ’25Q2 ’26$2.0bnQ1 ’27
Source: SEC filings
Growth sped up to +29.9% last quarterRevenue growth, year on year, %
0%10%20%Q2 ’25Q4 ’25Q2 ’2629.9%Q1 ’270%10%20%Q2 ’25Q4 ’25Q2 ’2629.9%Q1 ’27
Source: SEC filings
Operating margin was 23.9% last quarterOperating income as a share of revenue, %
0%10%20%Q2 ’25Q4 ’25Q2 ’2623.9%Q1 ’270%10%20%Q2 ’25Q4 ’25Q2 ’2623.9%Q1 ’27
Source: SEC filings
Free cash flow was $1.6 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$250m$500m$750mQ2 ’25Q4 ’25Q2 ’26$401mQ1 ’27$0m$500mQ2 ’25Q4 ’25Q2 ’26$401mQ1 ’27
Source: SEC filings
Last 12 monthsNTAPSector median
Revenue growth+12.2%+20.6%
Gross margin70.6%61.5%
Operating margin25.0%17.0%
Free cash flow margin22.3%21.7%
Price to earnings28.1x33.1x

Stories on NetApp

We haven't written about NetApp yet. Follow it, and its first story will show under My stocks on the front page.

Similar companies

Technology Hardware, Storage & Peripherals, by market value.

CompanyPriceTodayYTDValue
AAPLApple$344.63−1.23%+26.8%$5.03T
DELLDell Technologies$424.30−10.77%+237.1%$270B
SNDKSandisk$1,150.89−13.47%+384.8%$166B
STXSeagate Technology$644.58−7.98%+134.1%$148B
WDCWestern Digital$366.11−7.41%+112.5%$137B
HPEHewlett Packard Enterprise$55.09−6.42%+129.4%$73.13B
PEverpure$126.98−7.45%+89.5%$42.31B
HPQHP$28.78−9.58%+29.2%$25.95B