NTAP

NetApp, Inc.

San Jose, California • FY2026 Annual Report

NYSE 11,700 employees H-1B Visa Sponsor Revenue +5.4% YoY

Revenue

$6.9B

Net Income

$1.3B

EBIT Margin

24.2%

Diluted EPS

$6.35

Free Cash Flow

$1.9B

CEO Pay

$23,127,224

George Kurian

51%

of NetApp, Inc.'s revenue comes from Americas

Companies claim they must hire overseas workers because that's where their business is. The data says otherwise: NetApp, Inc. generates 51% of its $3.5B revenue from Americas, yet continues to file H-1B petitions that displace American workers.

$23,127,224

George Kurian's total compensation in FY2026

Base salary $1,000,000 • Stock awards $20,452,336. The CEO's pay package is funded by the same company that claims it cannot find qualified American workers for its open positions.

Financial Snapshot — FY2026

Total Revenue

$6.9B

+5.4% year-over-year

Net Income

$1.3B

Operating Margin

24.2%

Diluted EPS

$6.35

Free Cash Flow

$1.9B

Dividend / Share

N/A

Stock Buybacks

N/A

Total employees: 11,700

Where the Revenue Comes From — FY2026

Americas

$3.5B

51%

United States

$3.3B

48%

EMEA

$2.4B

34%

Asia Pacific

$1.1B

15%

Total Foreign Countries

$0.1B

Other Countries

$0.1B

$0B

Revenue earned in the United States contradicts the claim that H-1B workers are needed because “that’s where the business is.” Source: SEC EDGAR 10-K, FY2026.

What We Pay the Executives Source: SEC DEF 14A via sec-api.io

CEO Total Compensation

$23,127,224

George Kurian

CEO Base Salary

$1,000,000

CEO Stock Awards

$20,452,336

Avg. Other NEO Total

N/A

Executive	Title	Base Salary	Stock Awards	Total Comp
George Kurian🔍	Chief Executive Officer	$1,000,000	$20,452,336	$23,127,224
Wissam Jabre🔍	Executive Vice President and Chief Financial Officer	$865,388	$11,606,124	$18,260,121
Cesar Cernuda🔍	President	$790,482	$10,291,736	$12,213,834
Harvinder S. Bhela🔍	Executive Vice President and Chief Product Officer	$700,000	$7,365,870	$8,828,349
Michael J. Berry🔍	Former Executive Vice President and Chief Financial Officer	$625,000	$6,583,938	$7,890,596
Elizabeth M. O'Callahan🔍	Executive Vice President, Chief Administrative Officer and Corporate Secretary	$554,904	$4,301,355	$5,407,550

SCT = Summary Compensation Table totals from SEC EDGAR DEF 14A proxy statement.

Board of Directors — Who Enables This

Director	Role	Age	Independent	Since	Tenure	Annual Pay	Committees
Anders Gustafsson🔍	Chair of the Board of Directors	65	Yes	N/A	N/A	N/A	Corporate Governance and Nominating Committee, Audit
Cesar Cernuda🔍	President	None	No	N/A	N/A	N/A
Deborah L. Kerr🔍	Managing Director and Co-Head of Value Creation	53	Yes	N/A	N/A	N/A	Audit
Deepak Ahuja🔍	Chief Business and Chief Financial Officer	62	Yes	N/A	N/A	N/A	Audit Committee
George Kurian🔍	Chief Executive Officer	58	No	N/A	N/A	N/A
Gerald Held🔍	Director	77	No	N/A	N/A	N/A
Gerald Held, Ph.D.🔍	Director	77	Yes	N/A	N/A	N/A	Talent and Compensation
June Yang🔍	Director	51	Yes	N/A	N/A	N/A	Talent and Compensation

Source: SEC EDGAR DEF 14A proxy statement via sec-api.io.

H-1B Visa Dependency Key Metric

Search all NetApp, Inc. H-1B Labor Condition Applications filed with the U.S. Dept. of Labor.

🔍 Search H-1B Records for NetApp, Inc.

Source: U.S. Dept. of Labor OFLC disclosure data. LCA filing does not guarantee a visa was issued.

Shareholder Value Assessment

PositiveRevenue grew 5.4% year-over-year - above inflation.

PositiveNet margin of 18.4% - highly profitable.

WatchCEO received $23M in compensation.

WatchCompany employed approximately 11,700 workers globally - see H-1B data below for U.S. displacement risk.

Key Business Risks (from 10-K Item 1A)

Risk Factors The following discussion and the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Quantitative and Qualitative Disclosures About Market Risk” and “Management's Report on Internal Control Over Financial Reporting” reflect our current judgment regarding the most significant risks we face.
These risks can and will change in the future.
Risks Related to Our Business and Industry Global economic and geopolitical conditions may adversely affect our industry, business operations, and financial performance, including our revenue growth, profitability, financial condition and cash flows.
As a global company, our business is influenced by worldwide economic and market conditions, including, among others, rising inflation, slower growth, economic downturns or recessions, changes in fiscal and monetary policies, higher interest and tax rates, economic uncertainty, political instability, ongoing international and regional conflicts (including conflicts in the Middle East), warfare, extreme weather events and effects from climate change, natural disasters and pandemics, supply chain interruptions and shortages, changes in laws and regulations, reduced consumer confidence and spending, international trade protection measures and disputes (including economic and trade barriers, tariffs, sanctions and export controls), rapid technological changes, and the threat and potential of trade control policies and retaliatory trade control policies (including retaliatory tariffs).

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NetApp, Inc.

of NetApp, Inc.'s revenue comes from Americas

George Kurian's total compensation in FY2026

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