What is the 13F Pro Quality Score for NTAP?

13F Pro ranks NetApp, Inc. (NTAP) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NTAP's current score at https://13fpro.ai/company/NTAP (free sign-up required for the full ranking).

Where does 13F Pro source NTAP data?

All NetApp, Inc. fundamentals and ownership data come directly from SEC EDGAR. NetApp, Inc. files with the SEC under CIK 1002047. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NTAP in?

NetApp, Inc. (NTAP) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives NTAP's revenue?

Per NetApp, Inc.'s latest 10-Q filed with the SEC on 2026-09-02, the biggest revenue drivers are: Hybrid Cloud ($1,819M, +30% YoY); Public Cloud ($206M, +28% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/NTAP.

What are NTAP's largest expenses?

NetApp, Inc.'s latest 10-Q reports these as the largest expense items: Cost of product revenues ($450M, +49% YoY); Sales and marketing ($507M, +10% YoY); Research and development ($274M, +13% YoY). Sourced directly from SEC EDGAR filing text for Q1 FY2027 (quarter ended July 31, 2026).

How often is NTAP research updated on 13F Pro?

NTAP's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NetApp, Inc.(NTAP)Stock Analysis

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13F Pro Quality Score

66.8/100

Rank #394 of 2,961 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

47.0/100

Profitability

80.8/100

Balance Sheet

91.4/100

Earnings Quality

51.7/100

Free Cash Flow

76.6/100

Institutional Flow

53.1/100

Revenue Scale

82.8/100

Dilution Risk

22.0/100

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Why NTAP Scores 67/100

exact factor attribution · 2026-09-11

NTAP's composite is driven by scale and profitability, held back by shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+4.9 pts

83th pct

Profitability

+4.6 pts

81th pct

Capital efficiency

+4.1 pts

91th pct

Free cash flow

+4.0 pts

77th pct

Earnings growth

+0.8 pts

67th pct

Earnings quality

+0.2 pts

52th pct

Institutional flow

+0.2 pts

53th pct

Revenue growth

-0.6 pts

47th pct

Shareholder dilution

-1.4 pts

22th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

NTAP Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for NetApp, Inc. (NTAP), a Technology sector company. 13F Pro's AI-powered ranking engine scores NTAP at 66.8/100 on a 32-signal composite quality model, placing it at rank #394 of 2,961 stocks — the top 25% of the AI-ranked universe. NTAP scores in the top quartile across balance sheet strength (91.4), revenue scale (82.8), profitability (80.8). Shareholder dilution risk is elevated at 22.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), NetApp, Inc. reports quarterly revenue of $1.8B, net income of $375.0M, an operating margin of 26.6%. Top institutional holders of NTAP by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. NTAP trades on the Nasdaq exchange and files with the SEC under CIK 1002047. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NTAP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NetApp, Inc. directly from SEC EDGAR. NetApp, Inc.'s 13F Pro composite quality score has ranged between 54 and 73 since 2021, currently 66.8 — a stable long-term trajectory across 67 quarterly and live scoring snapshots.

✦

Fun facts about NetApp, Inc.

Quirks, history, and lore behind NTAP — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. enterprise technology company · mid-cap · listed on Nasdaq · headquartered in California's Silicon Valley.
2
The Numbers
Annual revenue in the range of $6–7 billion, with a loyal base of large enterprises and government customers keeping its recurring revenue surprisingly sticky.
3
The History
Founded in the early 1990s, it went public during the original dot-com boom and built its name helping companies manage the exploding flood of data before most executives knew they had a flood.
4
The Secret
Its core business is data storage and management — think of it as the company that decides where your company's data actually lives, moves, and gets protected.
5
The Lore
A pioneer of the hybrid cloud storage model, it built deep ties with hyperscalers like AWS, Azure, and Google Cloud — the rare legacy storage vendor that didn't get eaten by the cloud, it joined it.
6
The Giveaway
Its name is a mashup of "network" and "appliance" — and its ticker is literally four letters that spell out exactly what it does: move data across networks.

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What's Driving NTAP's Business? Latest 10-Q Breakdown

AI-extracted from NetApp, Inc.'s 10-Q filed 2026-09-02 — Q1 FY2027 (quarter ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

NetApp Q1 FY2027 revenue surged 30% YoY to $2.0B, driven by 51% product growth and 28% Public Cloud expansion; net income more than doubled to $375M despite $56M restructuring charge.

Biggest Revenue Drivers

Hybrid Cloud$1,819M+30% YoY

Higher product revenues from all-flash array systems supported by price increases; support revenues increased primarily due to additional week and higher installed base contract values.

Public Cloud$206M+28% YoY

Higher customer demand driven by overall growth in cloud market, plus additional week in period contributing ~$15M.

Biggest Revenue Drivers

Total revenue: $2,025M+30% YoY

Hybrid Cloud$1,819M+30% YoY

Higher product revenues from all-flash array systems supported by price increases; support revenues increased primarily due to additional week and higher installed base contract values.

Public Cloud$206M+28% YoY

Higher customer demand driven by overall growth in cloud market, plus additional week in period contributing ~$15M.

Largest Expense Items

Cost of product revenues$450M+49% YoY

Materials costs increased $152M reflecting higher product revenues and elevated component costs; materials represented 94% of cost.

Sales and marketing$507M+10% YoY

Higher compensation costs driven by incentive compensation and extra week in Q1; additional week contributed ~$22M.

Research and development$274M+13% YoY

Higher compensation costs primarily from incentive compensation and extra week.

Restructuring charges$56MNM

Approved plan to redirect resources to highest return activities and reduce costs, consisting primarily of employee severance; activities expected to complete by end of FY2027.

Margins: Gross profit margin held steady at 70% YoY despite 49% cost-of-product increase, as price increases offset higher component costs. Public Cloud margins expanded six percentage points to 86% due to cost optimization and reduced fixed-asset depreciation.

Watch Items from the Filing

Supply chain pressures persist: materials costs rose $152M; company has $1.9B in firm, non-cancelable purchase commitments; pricing increases may face customer resistance.
$2.375B Senior Notes ($550M current portion) due June 2027; debt refinancing in elevated rate environment poses near-term liquidity obligation.
All-flash revenues grew to 72% of Hybrid Cloud segment (+8 points YoY), indicating strong customer shift toward higher-margin all-flash; Public Cloud growing at 28% YoY signals cloud adoption acceleration.
DataPelago acquisition ($193M; $87M paid in cash, $106M contingent) adds AI infrastructure capability; $56M restructuring charge suggests operational rationalization underway.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.8B

Net Income

Q2 2026

$375.0M

Free Cash Flow

Q2 2026

$401.0M

Operating Margin

Q2 2026

26.6%

ROIC

Q2 2026

42.7%

D/E Ratio

Q2 2026

2.03

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+5.6% YoY

$6.24BFY 2026

FY23 $6.36BFY24 $5.66BFY25 $5.91BFY26 $6.24B

Net Income

+7.6% YoY

$1.28BFY 2026

FY23 $1.27BFY24 $986.0MFY25 $1.19BFY26 $1.28B

Operating Income

+25.2% YoY

$1.67BFY 2026

FY23 $1.02BFY24 $1.21BFY25 $1.34BFY26 $1.67B

EPS (Diluted)

+12.0% YoY

$6.35FY 2026

FY23 $5.79FY24 $4.63FY25 $5.67FY26 $6.35

Total Assets

-0.7% YoY

$10.74BFY 2026

FY23 $9.82BFY24 $9.89BFY25 $10.82BFY26 $10.74B

Total Debt

-37.6% YoY

$2.49BFY 2026

FY23 $2.39BFY24 $2.79BFY25 $3.98BFY26 $2.49B

Op. Cash Flow

+37.3% YoY

$2.07BFY 2026

FY23 $1.11BFY24 $1.69BFY25 $1.51BFY26 $2.07B

Free Cash Flow

+39.7% YoY

$1.87BFY 2026

FY23 $868.0MFY24 $1.53BFY25 $1.34BFY26 $1.87B

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$6.24B +5.6%	$5.91B +4.4%	$5.66B -11.1%	$6.36B +0.7%	$6.32B +10.0%	$5.74B
Net Income	$1.28B +7.6%	$1.19B +20.3%	$986.0M -22.6%	$1.27B +36.0%	$937.0M +28.4%	$730.0M
Operating Income	$1.67B +25.2%	$1.34B +10.1%	$1.21B +19.3%	$1.02B -12.0%	$1.16B +12.2%	$1.03B
EPS (Diluted)	$6.35 +12.0%	$5.67 +22.5%	$4.63 -20.0%	$5.79 +41.6%	$4.09 +26.6%	$3.23
Total Assets	$10.74B -0.7%	$10.82B +9.5%	$9.89B +0.7%	$9.82B -2.1%	$10.03B +7.1%	$9.36B
Total Debt	$2.49B -37.6%	$3.98B +42.7%	$2.79B +16.9%	$2.39B -17.2%	$2.89B +9.7%	$2.63B
Operating Cash Flow	$2.07B +37.3%	$1.51B -10.6%	$1.69B +52.2%	$1.11B -8.6%	$1.21B -9.2%	$1.33B
Free Cash Flow	$1.87B +39.7%	$1.34B -12.5%	$1.53B +76.3%	$868.0M -11.9%	$985.0M -15.9%	$1.17B

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Available Research

13F Pro tracks comprehensive data for NetApp, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NTAP

BlackRock, Inc.
$2.9B18,901,321 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.0B12,885,538 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.9B12,276,980 sh
STATE STREET CORP
$1.5B9,921,533 sh
PRIMECAP MANAGEMENT CO/CA/
$1.4B9,016,690 sh
GEODE CAPITAL MANAGEMENT, LLC
$986.5M6,368,156 sh
AMERIPRISE FINANCIAL INC
$723.9M4,677,207 sh
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME
$687.8M4,444,057 sh
NORGES BANK
$645.5M4,170,849 sh
WELLINGTON MANAGEMENT GROUP LLP
$597.4M3,860,019 sh

Fund	Value	Shares
BlackRock, Inc.	$2.9B	18,901,321
VANGUARD CAPITAL MANAGEMENT LLC	$2.0B	12,885,538
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.9B	12,276,980
STATE STREET CORP	$1.5B	9,921,533
PRIMECAP MANAGEMENT CO/CA/	$1.4B	9,016,690
GEODE CAPITAL MANAGEMENT, LLC	$986.5M	6,368,156
AMERIPRISE FINANCIAL INC	$723.9M	4,677,207
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME	$687.8M	4,444,057
NORGES BANK	$645.5M	4,170,849
WELLINGTON MANAGEMENT GROUP LLP	$597.4M	3,860,019

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Is NTAP a good stock to buy?

13F Pro's AI-powered analysis of NetApp, Inc. (NTAP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NTAP are available on the NTAP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. NTAP is classified as a large company.

Which hedge funds own NTAP?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NTAP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NetApp, Inc.'s investment landscape.