Filing Flows › NetApp (NTAP) › Q3 FY26
NetApp (NTAP) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 26, 2026
NetApp (NTAP) reported revenue of $1.7B for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +0.5% from the quarter before. Operating margin was 25.3%, net earnings $334M (19.5% of revenue).
NetApp, Q3 FY26: revenue $1.7B (+4% year over year), operating margin 25.3%, net earnings $334M, operating cash flow $317M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +0.5% | +4% |
| Gross profit | $1.2B | -1% | +6% |
| Operating profit | $434M | +9% | +20% |
| Net earnings | $334M | +10% | +12% |
| Operating cash flow | $317M | +150% | -18% |
| Free cash flow | $271M | — | -20% |
What changed
Revenue was $1.7B in Q3 FY26, up 4% year over year and roughly flat from the previous quarter. Service was the largest line at 54% of revenue. Service added $0.04B year over year (up 5%), 61% of the total change.
Gross margin was 70.6%, up 0.8 points from Q3 FY25. Operating profit was $0.43B, a 25.3% margin (up 3.3 points year over year). Of the extra revenue versus Q3 FY25, 100% reached operating profit, above the 22% margin then. Operating expenses fell 1% while revenue rose 4%. Net earnings were $0.33B, up 12% year over year. The effective tax rate was 22.9%.
Operating cash flow was $0.32B (down 18% year over year), 95% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items used $0.16B. After purchases of property and equipment ($0.05B), free cash flow as the company reports it was $0.27B.
Questions
What was NetApp's revenue in the third quarter fiscal 2026?
NetApp (NTAP) reported revenue of $1.7B for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +0.5% from the quarter before.
Was NetApp profitable in the third quarter fiscal 2026?
Operating profit was $434M (25.3% of revenue) and net earnings $334M.
Source: NetApp 10-Q on SEC EDGAR.