Netapp, Inc. NTAP

Revenue Intelligence Report • 51 quarters of SEC filing data • Updated 2026-03-06

Netapp, Inc. demonstrates strong revenue generation capabilities, with $1 of R&D spending yielding $3.02 in long-run revenue and $1 of SG&A spending producing $2.29. The company's latest quarterly revenue reached $1,713 million, reflecting the effectiveness of its investment strategy, as evidenced by a holdout test that showed a mere 1.9% prediction error. Despite a forecasted FY revenue of $7 billion, representing a slight decline of 1.4% year-over-year, the robust ROI from its spending indicates a solid foundation for future growth. Investors can remain optimistic about the company's ability to navigate market challenges while leveraging its operational efficiencies.

Next FY Revenue
$6.52B
-1.4% YoY
R&D Multiplier
$3.02 per $1
SG&A Multiplier
$2.29 per $1
Model Accuracy
3.1% MAPE
Holdout validation: The model predicted $2B vs the actual $2B — an error of 1.9%.

Revenue Forecast

NTAP Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q1 2026 $2B $2B $2B – $2B +1.3% ✓ In range
Q2 2026 $2B $1B – $2B -0.8%
Q3 2026 $2B $1B – $2B +6.2%
Q4 2026 $2B $1B – $2B -4.1%
Q1 2027 $2B $1B – $2B -6.3%

How Spending Drives Revenue

NTAP Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

Want this analysis for your portfolio?

I build custom revenue intelligence reports for investors and companies using SEC filing data, econometric modeling, and AI-powered insights.

Get in Touch