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NetApp vs Quantum: NTAP and QMCO compared
NetApp is the larger company: $1.8B of revenue in its latest quarter (Q1 FY27) against $80.8M for Quantum (Q1 FY27). NetApp is growing faster (+30% against +26% a year earlier). NetApp is more profitable, with an operating margin of 26.6% against 6.2%.
Where the money goes: NTAP and QMCO
NetApp (NTAP) · Q1 FY27
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.
Quantum (QMCO) · Q1 FY27
Quantum, Q1 FY27: revenue $80.8M (+26% year over year), operating margin 6.2%, net loss $155M, operating cash flow $947K. The chart follows the revenue to costs, profit and cash.
| NetApp (NTAP) | Quantum (QMCO) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q1 FY27 |
| Revenue | $1.8B | $80.8M |
| Revenue growth, Y/Y | +30% | +26% |
| Gross margin | 78.0% | — |
| Operating margin | 26.6% | 6.2% |
| Net earnings | $375M | −$155M |
| Net margin | 20.6% | -192.2% |
| Operating cash flow | $503M | $947K |
| Free cash flow | $401M | $552K |
| Market value | $34.5B | — |
| P/E | 24.3× | — |
| Analysts’ mean target | $211.69 | — |
Where the revenue comes from
NetApp
- All-Flash Revenues: $1.3B (72%)
- Hybrid-Flash and Other Revenues: $510M (28%)
Quantum
- Secondary storage systems: $37.0M (46%)
- Service: $22.7M (28%)
- Device and media: $10.4M (13%)
- Primary storage systems: $8.5M (11%)
Questions
Which is bigger, NetApp or Quantum?
NetApp is the larger company: $1.8B of revenue in its latest quarter (Q1 FY27) against $80.8M for Quantum (Q1 FY27).
Is NetApp or Quantum growing faster?
NetApp is growing faster (+30% against +26% a year earlier).
Which is more profitable, NetApp or Quantum?
NetApp is more profitable, with an operating margin of 26.6% against 6.2%.
More: NetApp earnings · how NetApp makes money · Quantum earnings · how Quantum makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 2, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.