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NetApp (NTAP) free cash flow by quarter

NetApp's free cash flow was $401M in Q1 FY27 (first quarter fiscal 2027), -55% from Q4 FY26. Over the last 7 quarters it ranged from $78.0M (Q2 FY26) to $900M (Q4 FY26).

NetApp free cash flow by quarterNetApp free cash flow by quarter$338MQ3 FY25$640MQ4 FY25$620MQ1 FY26$78.0MQ2 FY26$271MQ3 FY26$900MQ4 FY26$401MQ1 FY27
QuarterFree cash flowQ/QY/Y
Q1 FY27$401M-55%-35%
Q4 FY26$900M+232%+41%
Q3 FY26$271M+247%-20%
Q2 FY26$78.0M-87%—
Q1 FY26$620M-3%—
Q4 FY25$640M+89%—
Q3 FY25$338M——

Q1 FY27 at a glance

NetApp, Q1 FY27: revenue $1.8B (+30% year over year), operating margin 26.6%, net earnings $375M, operating cash flow $503M. The chart follows the revenue to costs, profit and cash.

Questions

What is NetApp's free cash flow?

NetApp's free cash flow was $401M in Q1 FY27 (first quarter fiscal 2027), -55% from Q4 FY26.

How has NetApp's free cash flow changed?

Over the last 7 quarters it ranged from $78.0M (Q2 FY26) to $900M (Q4 FY26).

Q1 FY27 results → · How NetApp makes money →