Filing Flows › NetApp (NTAP) › Operating margin
NetApp (NTAP) operating margin by quarter
NetApp's operating margin was 26.6% in Q1 FY27 (first quarter fiscal 2027), -0.7 pts from Q4 FY26. Over the last 7 quarters it ranged from 20.1% (Q4 FY25) to 27.3% (Q4 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 FY27 | 26.6% | -0.7 pts | +4.5 pts |
| Q4 FY26 | 27.3% | +2.0 pts | +7.2 pts |
| Q3 FY26 | 25.3% | +1.9 pts | +3.3 pts |
| Q2 FY26 | 23.4% | +1.3 pts | — |
| Q1 FY26 | 22.1% | +2.0 pts | — |
| Q4 FY25 | 20.1% | -2.0 pts | — |
| Q3 FY25 | 22.1% | — | — |
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 operating margin?
NetApp's operating margin was 26.6% in Q1 FY27 (first quarter fiscal 2027), -0.7 pts from Q4 FY26.
How has NetApp's operating margin changed?
Over the last 7 quarters it ranged from 20.1% (Q4 FY25) to 27.3% (Q4 FY26).