NetApp, Inc.

Filing receipts

“Financial Results and Key Performance Metrics Overview The following table provides an overview of key financial metrics for the years indicated (in millions, except per share amounts and percentages): Year Ended April 24, 2026 April 25, 2025 April 26, 2024 Net revenues $ 6,925 $ 6,572 $ 6,268 Gross profit $ 4,899 $ 4,613 $ 4,433 Gross margin 71 % 70 % 71 % Income from operations $ 1,674 $ 1,337 $ 1,214 Income from operations as a percentage of net revenues 24 % 20 % 19 % Provision for income taxes $ 372 $ 197 $ 277 Net income $ 1,276 $ 1,186 $ 986 Diluted net income per share $ 6.35 $ 5.67 $ 4.63 Net cash provided by operating activities $ 2,067 $ 1,506 $ 1,685 April 24, 2026 April 25, 202...”

“Public Cloud revenues increased in fiscal 2026 and fiscal 2025 compared to the respective prior years primarily due to higher customer demand, driven by NetApp’s diversified cloud offerings and overall growth in the cloud market.”

“Provision for Income Taxes (in millions, except percentages): Our provision for income taxes and effective tax rates were as follows: Year Ended April 24, 2026 April 25, 2025 % Change April 26, 2024 % Change Provision for income taxes $ 372 $ 197 89 % $ 277 (29 )% Effective tax rate 22.6 % 14.2 % NM 21.9 % NM NM - Not Meaningful The differences in the effective tax rates between fiscal years were primarily due to fiscal 2025 benefits related to the Internal Revenue Service (“IRS”) substantially completing the examination of our fiscal 2018 and fiscal 2019 U.S. income tax returns, which resulted in the recognition of a tax benefit of $36 million attributable to the release of related tax res...”