Filing Flows › NetApp (NTAP) › Q4 FY26 › vs Q4 FY25
NetApp (NTAP) Q4 FY26 vs Q4 FY25 (year over year)
NetApp's revenue rose $216M (+12%) from $1.7B in Q4 FY25 to $1.9B in Q4 FY26. Gross margin 70.1% against 68.9% (+1.2 pts).
NetApp, Q4 FY26: revenue $1.9B (+12% year over year), operating margin 27.3%, net earnings $404M, operating cash flow $950M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 70.1% | 68.9% | +1.2 pts |
| Operating margin | 27.3% | 20.1% | +7.2 pts |
| Net margin | 20.7% | 19.6% | +1.1 pts |
| Free cash flow margin | 46.2% | 37.0% | +9.2 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | $216M | +12% |
| Gross profit | $1.4B | $1.2B | $172M | +14% |
| Cost of revenue | $583M | $539M | $44.0M | +8% |
| Operating profit | $532M | $348M | $184M | +53% |
| Operating expenses | $833M | $845M | −$12.0M | -1% |
| Pre-tax earnings | $518M | $354M | $164M | +46% |
| Other expense, net | $14.0M | −$6.0M | $20.0M | — |
| Research & development | $261M | $256M | $5.0M | +2% |
| Sales & marketing | $488M | $458M | $30.0M | +7% |
| General & admin | $85.0M | $85.0M | $0 | 0% |
| Net earnings | $404M | $340M | $64.0M | +19% |
| Income tax | $114M | $14.0M | $100M | +714% |
| Depreciation & amortization | $49.0M | $53.0M | −$4.0M | -8% |
| Share-based compensation | $100M | $95.0M | $5.0M | +5% |
| Working capital & other | $397M | $187M | $210M | +112% |
| Operating cash flow | $950M | $675M | $275M | +41% |
| Free cash flow (company-reported) | $900M | $640M | $260M | +41% |
| Purchases of property and equipment | $50.0M | $35.0M | $15.0M | +43% |
Questions
How much did NetApp's revenue grow year over year in Q4 FY26?
NetApp's revenue rose $216M (+12%) from $1.7B in Q4 FY25 to $1.9B in Q4 FY26. Gross margin 70.1% against 68.9% (+1.2 pts).