NetApp
NetApp, headquartered in San Jose, California, was founded in 1992 by David Hitz, James Lau, and Michael Malcolm.
Profile
NetApp sells data storage hardware, software, and cloud services that help organizations manage, protect, and move data across on-premises and public cloud environments.
NetApp, headquartered in San Jose, California, was founded in 1992 by David Hitz, James Lau, and Michael Malcolm. The company provides intelligent data infrastructure, spanning on-premises storage, cloud storage services, and data management software. Its core product is ONTAP, a data management operating system that runs on its own hardware and in public clouds.
Other major products include StorageGRID for object storage, Instaclustr for managed open-source databases, and BlueXP (now NetApp Console) for hybrid cloud management. In fiscal year 2026, NetApp reported annualized net revenue of approximately $6.8 billion, with Q3 FY2026 revenue of $1.71 billion, up 4% year-over-year. All-flash array revenue reached a record $1.0 billion in Q3 FY2026, growing 11% year-over-year.
Public Cloud segment revenue was $174 million in Q3 FY2026, with first-party and marketplace storage services growing 27% year-over-year. The company has achieved the #1 market share position in all-flash storage for calendar Q1 2025, per IDC. NetApp's customer base includes large enterprises across finance, healthcare, media, and technology.
Notable clients named in its materials include DreamWorks Animation and Porsche Motorsport. In March 2025, NetApp sold its Spot FinOps portfolio to Flexera. The company continues to invest in AI infrastructure, partnering with NVIDIA and Cisco. NetApp has over 12,000 employees globally.
Products by NetApp
- I Instaclustr by NetApp Instaclustr is a fully managed platform for open-source data infrastructure, owned by NetApp since May 2022. It provides Be the first to review →
- N NetApp NetApp is an enterprise data infrastructure platform spanning on-premises and multi-cloud environments, built around ONTAP, a unified storage Be the first to review →
- N NetApp Console (formerly BlueXP) NetApp Console (formerly BlueXP) is a centralized management platform for hybrid multicloud data services, designed for enterprises needing Be the first to review →
- N NetApp StorageGRID NetApp StorageGRID is an on-premises and hybrid object storage system acquired from Bycast in 2010 and evolved into Be the first to review →
Who buys this
- Large enterprises with hybrid cloud and multicloud data management needs
- Media and entertainment companies requiring high-performance storage for content creation and rendering
- Financial services firms needing secure, compliant, and resilient data storage
- Healthcare organizations managing large volumes of patient data and imaging
- Technology companies running AI and machine learning workloads
Publicly disclosed clients
- DreamWorks Animation
- Porsche Motorsport
Strengths and what to watch
Strengths
- Strong all-flash storage market position: NetApp achieved the #1 market share in all-flash storage for calendar Q1 2025, per IDC, and all-flash array revenue grew 11% year-over-year to a record $1.0 billion in Q3 FY2026.
- Deep cloud partnerships: NetApp's ONTAP software is natively embedded in AWS, Microsoft Azure, and Google Cloud, enabling consistent data management across the largest public clouds.
- Consistent financial growth: The company reported nine consecutive quarters of year-over-year billings growth, with Q3 FY2026 billings of $1.89 billion, up 10% year-over-year.
Watch for
- Public Cloud revenue stagnation: Public Cloud segment revenue was flat at $174 million in Q3 FY2026 compared to the same quarter a year earlier, indicating potential headwinds in cloud services growth.
- Divestiture of Spot FinOps portfolio: In March 2025, NetApp sold its Spot FinOps portfolio to Flexera, exiting a key cloud cost optimization product line that had been part of its cloud strategy.
- Dependence on all-flash array refresh cycles: A significant portion of revenue comes from all-flash array hardware, which is subject to enterprise capital spending cycles and could slow if customers extend refresh timelines.
Recent moves
- 3mo ago NetApp and Cisco Accelerate and Secure AI Innovation
- 3mo ago NetApp and Cisco Collaboration Strengthens Defense-in-Depth for Enterprise Cyber Resilience
- 3mo ago NetApp Reports Fourth Quarter and Fiscal Year 2026 Results
- 4mo ago NetApp Partners with Google Cloud to Adopt AI-Driven Operations
- 4mo ago Nutanix and NetApp Form Strategic Alliance with New Integration for a Modern Cloud Platform
- 5mo ago NetApp Accelerates Momentum in AI Leadership with NVIDIA
- 12mo ago NetApp Reports First Quarter of Fiscal Year 2026 Results
Key Information
- Industry
- Cloud Platform
- Founded
- 1992
- Employees
- 11700
- Headquarters
- San Jose, California
- Country
- United States
Frequently Asked Questions
What does NetApp do?
NetApp sells data storage hardware, software, and cloud services for managing, protecting, and moving data across on-premises and public cloud environments. Its core product is ONTAP, a data management operating system that runs on its own hardware and in major public clouds.
What is NetApp ONTAP?
ONTAP is NetApp's core data management operating system. It runs on NetApp hardware and is natively embedded in AWS, Microsoft Azure, and Google Cloud, enabling consistent data management across hybrid and multicloud environments for large enterprises.
How is NetApp's all-flash storage business performing?
NetApp achieved the #1 market share in all-flash storage for calendar Q1 2025, per IDC. In Q3 FY2026, all-flash array revenue reached a record $1.0 billion, growing 11% year-over-year, showing strong demand for high-performance storage.
What are NetApp's recent financial results?
For fiscal year 2026, NetApp reported annualized net revenue of about $6.8 billion. Q3 FY2026 revenue was $1.71 billion, up 4% year-over-year, with billings of $1.89 billion, up 10%. The company has posted nine consecutive quarters of year-over-year billings growth.
Who are some notable NetApp customers?
NetApp's notable customers include DreamWorks Animation and Porsche Motorsport. Its customer base spans large enterprises in finance, healthcare, media, and technology, requiring hybrid cloud data management, high-performance storage, and secure, compliant data solutions.
What are the risks for NetApp's business?
Public Cloud revenue was flat at $174 million in Q3 FY2026, indicating potential headwinds. NetApp sold its Spot FinOps portfolio to Flexera in March 2025, exiting cloud cost optimization. Revenue also depends on all-flash array refresh cycles, which are subject to enterprise capital spending.
Sources
- investors.netapp.com — Q3 FY2026 revenue of $1.71 billion, all-flash array revenue record of $1.0 billion, billings of $1.89 billion, Public Cloud revenue of $174 million, and year-over-year growth percentages.
- www.netapp.com — Q1 FY2026 revenue of $1.56 billion, all-flash array revenue of $893 million, #1 market share in all-flash storage per IDC, and Public Cloud storage services revenue growth of 33% year-over-year.
- investors.netapp.com — Flexera completed acquisition of NetApp's Spot FinOps portfolio in March 2025.
- investors.netapp.com — Corporate overview describing NetApp as the Intelligent Data Infrastructure company, ONTAP as its core data management software, and its embedding in the world's largest clouds.
- www.netapp.com — List of press releases including partnerships with Cisco, Google Cloud, Nutanix, and NVIDIA, and Super Bowl LX data operations.
- www.netapp.com — Product descriptions for NetApp AFX, AI Data Engine, NetApp Console, and customer references including DreamWorks Animation and Porsche Motorsport.