---
title: "NetApp FY 2026: Revenue $6.93B, EPS $6.35— 10-K Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288903812.md"
description: "NetApp reported FY2026 revenue of $6.93B (+5% YoY) and net income of $1.28B, with diluted EPS of $6.35 (+12%). Growth was driven by strong product and services demand, particularly all-flash solutions which comprised 67% of Hybrid Cloud revenue. Services now account for 54% of total sales. The company implemented price increases and supply chain diversification to mitigate costs."
datetime: "2026-06-05T20:35:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288903812.md)
  - [en](https://longbridge.com/en/news/288903812.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288903812.md)
---

# NetApp FY 2026: Revenue $6.93B, EPS $6.35— 10-K Summary

NetApp, Inc. reported fiscal 2026 revenue of $6.93B and net income of $1.28B, with diluted earnings per share of $6.35, reflecting year‑over‑year gains as product and services demand strengthened across the business.

**Financial Highlights**

-   Revenue was $6.93B, compared with $6.57B in the prior year; YoY change 5%.
-   Net income was $1.28B, compared with $1.19B in the prior year; YoY change 8%.
-   Diluted EPS was $6.35, compared with $5.67 in the prior year; YoY change 12%.

**Business Highlights**

-   Revenue growth of 5% in FY2026 was driven by increases in both product and services across segments.
-   Channel concentration remains notable: two distributor customers accounted for roughly 43% of revenue.
-   Product mix shifted toward all‑flash solutions, which represented 67% of Hybrid Cloud revenue, supporting stronger product demand.
-   Services expanded and now represent a meaningful portion of sales (54% of revenues), including Keystone Storage‑as‑a‑Service and public cloud offerings.
-   Management implemented price increases, diversified suppliers and undertook restructuring to mitigate component costs and supply constraints.

Original SEC Filing: NetApp, Inc. \[ NTAP \] - 10-K - Jun. 05, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [NTAP.US](https://longbridge.com/en/quote/NTAP.US.md)

## Related News & Research

- [Is NetApp Stock Outperforming the Dow?](https://longbridge.com/en/news/289593369.md)
- [NetApp Director Sold Shares Worth Over $1.2M](https://longbridge.com/en/news/288906559.md)
- [Do Wall Street Analysts Like NetApp Stock?](https://longbridge.com/en/news/286255384.md)
- [3 Reasons to Add NetApp Stock to Your Watchlist Now (Hint: Shares Are Undervalued Here)](https://longbridge.com/en/news/287666432.md)
- [NetApp’s Q4 2026 Earnings: What to Expect](https://longbridge.com/en/news/283983552.md)