NetApp, Inc.
For the period ended Apr 24, 2026. Filed Jun 5, 2026.
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FY2026 · Filed Jun 5, 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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Consolidated Statements of Income
(In millions, except per share amounts)
| Year Ended | |||
|---|---|---|---|
| April 24, 2026 | April 25, 2025 | April 26, 2024 | |
| Revenues: | |||
| Product | $3,194 | $3,040 | $2,849 |
| Services | 3,731 | 3,532 | 3,419 |
| Net revenues | 6,925 | 6,572 | 6,268 |
| Cost of revenues: | |||
| Cost of product | 1,401 | 1,284 | 1,137 |
| Cost of services | 625 | 675 | 698 |
| Total cost of revenues | 2,026 | 1,959 | 1,835 |
| Gross profit | 4,899 | 4,613 | 4,433 |
| Operating expenses: | |||
| Sales and marketing | 1,869 | 1,865 | 1,828 |
| Research and development | 991 | 1,012 | 1,029 |
| General and administrative | 344 | 311 | 308 |
| Restructuring charges | 21 | 83 | 44 |
| Acquisition-related expense | — | 5 | 10 |
| Total operating expenses | 3,225 | 3,276 | 3,219 |
| Income from operations | 1,674 | 1,337 | 1,214 |
| Other (expense) income, net | (26) | 46 | 49 |
| Income before income taxes | 1,648 | 1,383 | 1,263 |
| Provision for income taxes | 372 | 197 | 277 |
| Net income | $1,276 | $1,186 | $986 |
| Net income per share: | |||
| Basic | $6.41 | $5.81 | $4.74 |
| Diluted | $6.35 | $5.67 | $4.63 |
| Shares used in net income per share calculations: | |||
| Basic | 199 | 204 | 208 |
| Diluted | 201 | 209 | 213 |
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