NetApp NTAP · USD
Information Technology · Technology Hardware, Storage & Peripherals · US listing · 🇺🇸 United States
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176.07
+4.07%
Close of 9 Nov 2026, in USD
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About NetApp
From its filings with the US Securities and Exchange Commission
NetApp is based in San Jose, California and is incorporated in California. Its shares trade on Nasdaq under the ticker NTAP. It is a member of the S&P 500. The SEC classifies its business as computer storage devices. In the fiscal year to 24 April 2026, it reported revenue of $6.24bn and net income of $1.28bn. At that date it held total assets of $10.74bn and shareholders' equity of $1.35bn.
NetApp, Inc. (NetApp, we, us, or the Company), headquartered in San Jose, California, is a global leader in Intelligent Data Infrastructure. Since our founding in 1992, we have transformed from a pioneering storage hardware provider into a software-driven, cloud-centric data infrastructure company. Our flagship ONTAP® data management software, together with a comprehensive portfolio of all-flash, hybrid-flash, and cloud-native solutions, forms the backbone of digital transformation for thousands of enterprises worldwide. NetApp empowers organizations to manage, protect, and leverage data across on-premises, hybrid, and multi-cloud environments. We are well positioned to enable Intelligent Data Infrastructure for our customers and help them realize the full promise of artificial intelligence (AI) providing solutions that connect, protect, and activate data across every data environment—on-premises, in the cloud, and at the edge.
NetApp operates at the intersection of major industry megatrends—rapid data growth, multi-cloud adoption, and the rise of AI—which are creating unprecedented challenges and opportunities for organizations as they seek to securely manage and leverage growing data estates. Well positioned to address these complexities, NetApp empowers Intelligent Data Infrastructure for our customers through our solutions, which seamlessly connect, manage and protect data across any environment.
Quoted from its 10-K, filed 5 Jun 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Technology Hardware, Storage & Peripherals
- Listed since
- 21 Nov 1995
- Employees
- 11,700
- Website
- netapp.com ↗
- Head office
- 3060 OLSEN DRIVE, SAN JOSE, CA, 95128
- Incorporated in
- CA
- Classification
- Computer Storage Devices
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Thomas NevensIndependent Chairman of the Board$538,814
- Mr. Cesar Cernuda RegoPresident$12.2m
- Mr. George KurianChief Executive Officer, Director, since 2013$23.1m
- Mr. Wissam JabreChief Financial Officer, Executive Vice President$18.3m
- Ms. Elizabeth O'callahanExecutive Vice President, Chief Administrative Officer, Company Secretary$5.4m
- Mr. Syam NairChief Product Officer
- Mr. Deepak AhujaIndependent Director$395,075
- Mr. Anders GustafssonIndependent Director$367,575
- Dr. Gerald HeldIndependent Director$360,075
- Ms. Deborah KerrIndependent Director$365,075
- Ms. Carrie PalinIndependent Director$365,075
- Mr. Frank PelzerIndependent Director$135,947
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 77
- Environment
- 65
- Social
- 87
- Governance
- 79
- Direct emissions (scope 1)
- 3,164 t
- Energy emissions (scope 2)
- 44,847 t
- Value chain emissions (scope 3)
- 1,260,683 t
- Women in the workforce
- 25.6%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- NetApp Inc. holds a prominent position in the data storage and management industry, known for its reliable solutions and innovation.
- The company offers a comprehensive range of storage systems, software, and services, catering to diverse customer needs.
- NetApp Inc. has established strategic partnerships with major technology companies, enhancing its product offerings and expanding its customer base.
- The company has a solid financial position, with steady revenue growth and a strong balance sheet, allowing for investments in research and development.
Weaknesses
- NetApp Inc. relies heavily on hardware sales, which leaves the company exposed to potential market fluctuations and shifts towards cloud-based storage solutions.
- Compared to some competitors, NetApp Inc. has a relatively smaller global footprint, resulting in reduced market access and potential growth opportunities.
- While NetApp Inc. offers a wide range of storage solutions, it may lack diversity in its product focus compared to competitors with broader offerings.
Opportunities
- As organizations increasingly generate and analyze larger volumes of data, there is a significant opportunity for NetApp Inc. to expand its customer base and offer more advanced storage solutions.
- The shift towards cloud computing presents an opportunity for NetApp Inc. to leverage its expertise and offer cloud-based storage solutions to meet the evolving needs of customers.
- NetApp Inc. can benefit from advancements in technologies such as artificial intelligence, machine learning, and big data analytics, by integrating them into its storage solutions.
Threats
- NetApp Inc. operates in a highly competitive market, facing competition from established players and emerging startups, which may impact market share and pricing.
- Fluctuations in the global economy and financial markets can impact IT spending, potentially affecting NetApp Inc.'s revenue growth and profitability.
- With the increasing frequency and complexity of cyber threats, NetApp Inc. needs to continually invest in cybersecurity measures to protect customer data and maintain trust.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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