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Company Dossier · Information Technology

NetApp

NTAPNasdaqTechnology Hardware, Storage & PeripheralsWILMINGTON, US-DE, USLarge capWebsite ↗
  • S&P 500
  • Russell 1000

What NetApp is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.

Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →

The latest read

Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.

  • Revenue over the four quarters to July 31, 2026: $7.39 billion, up 12% from a year earlier.SEC EDGAR filings (XBRL)
  • Free cash flow (operating cash flow minus capital expenditure) over the four quarters to July 31, 2026: $1.65 billion, down 0.6% from a year earlier.SEC EDGAR filings (XBRL)
  • Capital expenditure over the four quarters to July 31, 2026: $0.25 billion, up 39% from a year earlier.SEC EDGAR filings (XBRL)
  • Share buybacks in the fiscal year to April 24, 2026: $0.95 billion.SEC EDGAR filings (10-K)
  • Latest earnings call or results release (September 2, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
  • Guidance in the last 90 days: 2 outlook figures raised, 1 lowered, 0 held.Guidance Ledger (8-K results releases)
  • Latest annual report (filed June 5, 2026): 0 risk factors added, 1 removed.Risk Factor Changes (10-K Item 1A)
  • Insiders were net sellers in Q3 2026: $31.8 million on the open market.SEC Form 4
  • 970 institutional managers reported a position at June 30, 2026 (+104 on the quarter before).SEC Form 13F
  • H-1B filings certified in Q2 2026: 74 (87 a year earlier).U.S. Department of Labor (OFLC)
  • Headlines in the last 30 days: 6, of which 0 read positive and 0 negative.Palanor headline tone

Company Posture

How Company Posture is measured →

What NetApp is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.

Expanding · Confident

Expanding ↔ Retrenching

Expanding

RetrenchingExpanding

Confident ↔ Hedging

Confident

HedgingConfident

Pressure

Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).

Credit

How these are built →

NetApp's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.

Debt on the balance sheet

$2.5B

  • Due within a year $0.6B
  • Longer term $1.9B
  • Default point $1.5B (short + ½ long)

Finance leases included · Jul 31, 2026 filing

Bonds priced, last 12 months

None

U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.

PricedAmountCouponMaturesSpreadYield
Mar 12, 2025$625M5.500%2032 (7y)+130bp5.500%
Mar 12, 2025$625M5.700%2035 (10y)+140bp5.714%

From the pricing term sheets NetApp filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.

Charts

Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.

Cash flow

Business

NetApp: free cash flow, trailing twelve months

Operating cash flow minus capital expenditure, $ billions, from SEC filings

$1.7BData to Jul 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

NetApp: operating cash flow and capital expenditure

Trailing twelve months, $ billions, from SEC filings

Data to Jul 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

NetApp: revenue, trailing twelve months

$ billions, from SEC filings

$7.4BData to Jul 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Capital returned and raised

Business

NetApp: share buybacks by fiscal year

Cash paid to repurchase common stock, $ billions, from the 10-K

$1.0BData to Apr 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

NetApp: debt issued and repaid by fiscal year

Long-term debt, $ billions, from the 10-K

Data to Apr 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

NetApp: debt due within a year and cash

At each balance-sheet date, $ billions, from SEC filings

Data to Jul 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

NetApp: interest coverage

Operating income ÷ interest expense, trailing twelve months, from SEC filings

18.1Data to Jul 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

What the company says

Business

NetApp: guidance raised minus lowered

Guidance Ledger statements by quarter

1.0Data 23 days ago
ImageDataGuidance Ledger by Palanor · source: SEC EDGAR
Business

NetApp: earnings call sentiment

Palanor Discourse score per call, −1 to +1

0.80Data 51 days ago
ImageDataPalanor calculation
Business

NetApp: earnings call confidence

Palanor Discourse score per call, 0 to 1

0.90Data 51 days ago
ImageDataPalanor calculation
Business

NetApp: risk factors added per annual report

New Item 1A risk factors in each 10-K

0.0Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Hiring and ownership

Business

NetApp: H-1B filings certified

Labor Condition Applications by quarter received

74.0Data to Jun 2026
ImageDataU.S. Department of Labor, Office of Foreign Labor Certification disclosure data, dol.gov
Business

NetApp: insider net buying

Open-market purchases minus sales by officers and directors, $ millions, by quarter

−$31.8MData 23 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

NetApp: institutional holders

Managers reporting a position on Form 13F, by quarter

970.0Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

In the news

Headlines that name NetApp, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.

30 days
6 headlines
0% positive · 0% negative
90 days
6 headlines
0% positive · 0% negative

Filings and records

The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.

  1. Oct 20, 2026Patent
    Patent granted: Methods and Systems for Restoring Directories Containing Multi-Part Data ContainersUS 12769615
  2. Oct 20, 2026Patent
    Patent granted: SUPPORTING A LOOKUP STRUCTURE FOR A FILE SYSTEM IMPLEMENTING HIERARCHICAL REFERENCE COUNTINGUS 12769703
  3. Oct 13, 2026Patent
    Patent granted: REPLICATING CLONE FILES FROM A SOURCE FILE SYSTEM TO A DESTINATION FILE SYSTEMUS 12762088
  4. Oct 13, 2026Patent
    Patent granted: METHODS AND SYSTEMS TO REDUCE LATENCY OF INPUT/OUTPUT (I/O) OPERATIONS DURING CREATION OF COMMON SNAPSHOTS BASED ON BATCHING OF SYNCHRONOUS REPLICATED DATASETS AT A PRIMARY STORAGE SYSTEM TO A CROSS-SITE SECONDARY STORAGE SYSTEMUS 12762021
  5. Oct 13, 2026Patent
    Patent granted: MANAGEMENT OF ACCESS TO OBJECT STORAGE SERVICES USING A DIRECTORY SERVICEUS 12764120
  6. Sep 11, 20268-K
    Shareholder vote resultsItem 5.07
  7. Jun 5, 202610-K
    Annual report (10-K)0 risk factors added, 1 removed
  8. Jan 12, 20268-K
    Director or officer changeItem 5.02
  9. Sep 15, 20258-K
    Director or officer changeItem 5.02
  10. Sep 15, 20258-K
    Shareholder vote resultsItem 5.07
  11. Aug 11, 2025Lobbying
    Lobbying report (NETAPP, INC)second_quarter 2025
  12. Jun 9, 202510-K
    Annual report (10-K)1 risk factors added, 0 removed
  13. May 29, 20258-K
    Director or officer changeItem 5.02
  14. May 5, 2025Lobbying
    Lobbying report (NETAPP, INC)first_quarter 2025
  15. Apr 21, 2025Lobbying
    Lobbying report (FULCRUM PUBLIC AFFAIRS LLC)first_quarter 2025
  16. Mar 26, 20258-K
    Director or officer changeItem 5.02
  17. Mar 17, 20258-K
    Material agreement signedItem 1.01
  18. Mar 5, 20258-K
    Material agreement signedItem 1.01
  19. Feb 26, 20258-K
    Director or officer changeItem 5.02
  20. Jan 28, 20258-K
    Director or officer changeItem 5.02
  21. Jan 21, 2025Lobbying
    Lobbying report (FULCRUM PUBLIC AFFAIRS LLC)fourth_quarter 2024 · $0.0 million
  22. Jan 14, 2025Lobbying
    Lobbying report (NETAPP, INC)fourth_quarter 2024 · $0.0 million
  23. Jan 14, 2025Lobbying
    Lobbying report (NETAPP, INC)third_quarter 2024 · $0.0 million
  24. Oct 22, 2024Lobbying
    Lobbying report (FULCRUM PUBLIC AFFAIRS LLC)third_quarter 2024 · $0.0 million
  25. Oct 21, 2024Lobbying
    Lobbying report (FULCRUM PUBLIC AFFAIRS LLC)second_quarter 2024 · $0.0 million
  26. Jun 10, 202410-K
    Annual report (10-K)1 risk factors added, 0 removed

Peers

Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.

CompanyRevenueFree cash flowThrough
Seagate Technology STX$12.2B$3.1BJul 3, 2026
Everpure P$4.3B$0.1BAug 2, 2026
Western Digital WDC$12.9B$3.5BJul 3, 2026
Sandisk SNDK$20.3B$11.5BJul 3, 2026
Supermicro SMCI$39.1B−$7.0BJun 30, 2026
Hewlett Packard Enterprise HPE$41.9B$4.2BJul 31, 2026
HP Inc. HPQ$59.2B$3.9BJul 31, 2026
Dell Technologies DELL$151B$8.6BJul 31, 2026

Identity

SEC CIK
1002047
LEI
QTX3D84DZDD5JYOCYH15
Wikidata
Q727883
SAM UEI
NZAJBE12ACR9

Built from SEC EDGAR filings (public domain), the Guidance and KPI Ledgers, Palanor Discourse, U.S. Department of Labor filings, USPTO, USAspending and Senate lobbying records, and rights-checked news headlines. Updated nightly; this page was built Oct 22, 2026. How the Dossier is built

S&P 500, S&P 100, S&P MidCap 400 and Dow Jones Industrial Average are trademarks of S&P Dow Jones Indices LLC or its affiliates; Nasdaq-100 is a trademark of Nasdaq, Inc.; Russell 1000 is a trademark of FTSE Russell. Membership is shown for identification only. Palanor is not affiliated with or endorsed by the index owners.

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