NetApp, Inc.
For the period ended Jan 23, 2026. Filed Feb 26, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 23, 2026 · Filed Feb 26, 2026
NTAP$175.99-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| January 23, 2026 | January 24, 2025 | January 23, 2026 | January 24, 2025 | |
| Revenues: | ||||
| Product | $786 | $758 | $2,228 | $2,195 |
| Services | 927 | 883 | 2,749 | 2,645 |
| Net revenues | 1,713 | 1,641 | 4,977 | 4,840 |
| Cost of revenues: | ||||
| Cost of product | 353 | 330 | 976 | 906 |
| Cost of services | 151 | 166 | 467 | 514 |
| Total cost of revenues | 504 | 496 | 1,443 | 1,420 |
| Gross profit | 1,209 | 1,145 | 3,534 | 3,420 |
| Operating expenses: | ||||
| Sales and marketing | 455 | 451 | 1,381 | 1,407 |
| Research and development | 237 | 247 | 730 | 756 |
| General and administrative | 86 | 74 | 259 | 226 |
| Restructuring charges | (3) | 9 | 22 | 38 |
| Acquisition-related expense | — | 2 | — | 4 |
| Total operating expenses | 775 | 783 | 2,392 | 2,431 |
| Income from operations | 434 | 362 | 1,142 | 989 |
| Other (expense) income, net | (1) | 8 | (12) | 40 |
| Income before income taxes | 433 | 370 | 1,130 | 1,029 |
| Provision for income taxes | 99 | 71 | 258 | 183 |
| Net income | $334 | $299 | $872 | $846 |
| Net income per share: | ||||
| Basic | $1.69 | $1.47 | $4.38 | $4.13 |
| Diluted | $1.67 | $1.44 | $4.32 | $4.03 |
| Shares used in net income per share calculations: | ||||
| Basic | 198 | 204 | 199 | 205 |
| Diluted | 200 | 208 | 202 | 210 |
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