Filing Flows › NetApp (NTAP) › Q4 FY26
NetApp (NTAP) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jun 5, 2026
NetApp (NTAP) reported revenue of $1.9B for the fourth quarter fiscal 2026 (Q4 FY26), +12% from a year earlier and +14% from the quarter before. Operating margin was 27.3%, net earnings $404M (20.7% of revenue).
NetApp, Q4 FY26: revenue $1.9B (+12% year over year), operating margin 27.3%, net earnings $404M, operating cash flow $950M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +14% | +12% |
| Gross profit | $1.4B | +13% | +14% |
| Operating profit | $532M | +23% | +53% |
| Net earnings | $404M | +21% | +19% |
| Operating cash flow | $950M | +200% | +41% |
| Free cash flow | $900M | — | +41% |
What changed
Revenue was $1.9B in Q4 FY26, up 12% year over year and up 14% from the previous quarter. Service was the largest line at 50% of revenue.
Gross margin was 70.1%, up 1.2 points from Q4 FY25. Operating profit was $0.53B, a 27.3% margin (up 7.2 points year over year). Of the extra revenue versus Q4 FY25, 85% reached operating profit, above the 20% margin then. Operating expenses fell 1% while revenue rose 12%. Net earnings were $0.40B, up 19% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.9B (up 41% year over year), 235% 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 added $0.40B. After purchases of property and equipment ($0.05B), free cash flow as the company reports it was $0.90B.
Questions
What was NetApp's revenue in the fourth quarter fiscal 2026?
NetApp (NTAP) reported revenue of $1.9B for the fourth quarter fiscal 2026 (Q4 FY26), +12% from a year earlier and +14% from the quarter before.
Was NetApp profitable in the fourth quarter fiscal 2026?
Operating profit was $532M (27.3% of revenue) and net earnings $404M.
Source: NetApp 10-K on SEC EDGAR.