Filing Flows › NetApp (NTAP) › Gross margin
NetApp (NTAP) gross margin by quarter
NetApp's gross margin was 78.0% in Q1 FY27 (first quarter fiscal 2027), +7.9 pts from Q4 FY26. Over the last 7 quarters it ranged from 68.9% (Q4 FY25) to 78.5% (Q1 FY26).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 FY27 | 78.0% | +7.9 pts | -0.5 pts |
| Q4 FY26 | 70.1% | -0.5 pts | +1.2 pts |
| Q3 FY26 | 70.6% | -1.4 pts | +0.8 pts |
| Q2 FY26 | 72.0% | -6.6 pts | — |
| Q1 FY26 | 78.5% | +9.7 pts | — |
| Q4 FY25 | 68.9% | -0.9 pts | — |
| Q3 FY25 | 69.8% | — | — |
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 gross margin?
NetApp's gross margin was 78.0% in Q1 FY27 (first quarter fiscal 2027), +7.9 pts from Q4 FY26.
How has NetApp's gross margin changed?
Over the last 7 quarters it ranged from 68.9% (Q4 FY25) to 78.5% (Q1 FY26).