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Gross Margin by Segment
Indicates the profitability of each segment by comparing revenue to direct costs, providing insight into operational efficiency and pricing power across the company's offerings.NetApp’s margin story is now a tale of mix: rapidly improving public-cloud margins and rock‑solid support margins are driving company-level margin expansion, offsetting volatile product margins hit by memory/component costs and inventory buildup. Professional services margins have quietly recovered, likely aided by Keystone and AI-related engagements. Management’s conservative FY27 margin guide reflects product cost pressure and deal timing risk, so sustained cloud/Keystone growth is the critical catalyst for durable margin and EPS upside.
Date | Product | Support | Professional and Other Services | Public Cloud |
|---|---|---|---|---|
Jun 30, 2026 | 55.00 | 93.00 | 37.00 | 86.00 |
Mar 31, 2026 | 56.00 | 93.00 | 32.00 | 86.00 |
Dec 31, 2025 | 55.00 | 92.00 | 31.00 | 85.00 |
Sep 30, 2025 | 60.00 | 92.00 | 30.00 | 83.00 |
Jun 30, 2025 | 54.00 | 92.00 | 30.00 | 80.00 |
Mar 31, 2025 | 55.00 | 92.00 | 29.00 | 79.00 |
Dec 31, 2024 | 57.00 | 92.00 | 28.00 | 76.00 |
Sep 30, 2024 | 60.00 | 92.00 | 26.00 | 74.00 |
Jun 30, 2024 | 60.00 | 92.00 | 22.00 | 71.00 |
Mar 31, 2024 | 61.00 | 92.00 | 23.00 | 68.00 |