Goodwill and Purchased Intangible Assets, Net

6 Months Ended

Oct. 24, 2025

3. Goodwill and Purchased Intangible Assets, Net

Goodwill by reportable segment as of October 24, 2025 is as follows (in millions):


	Hybrid Cloud		Public Cloud		Total
Balance as of April 25, 2025	$	1,714	$	1,009	$	2,723
Impact of foreign currency translation		—		8		8
Balance as of October 24, 2025	$	1,714	$	1,017	$	2,731

Purchased intangible assets, net are summarized below (in millions):


	October 24, 2025							April 25, 2025
	Gross		Accumulated			Net		Gross		Accumulated			Net
	Assets		Amortization			Assets		Assets		Amortization			Assets
Developed technology	$	55	$	(39	)	$	16	$	55	$	(33	)	$	22
Customer contracts/relationships		50		(35	)		15		50		(29	)		21
Other purchased intangibles		2		(2	)		—		2		(2	)		—
Total purchased intangible assets	$	107	$	(76	)	$	31	$	107	$	(64	)	$	43

Amortization expense for purchased intangible assets is summarized below (in millions):


	Three Months Ended				Six Months Ended				Statements of
	October 24, 2025		October 25, 2024		October 24, 2025		October 25, 2024		Income Classifications
Developed technology	$	3	$	9	$	6	$	17	Cost of revenues
Customer contracts/relationships		3		5		6		11	Operating expenses
Total	$	6	$	14	$	12	$	28

As of October 24, 2025, future amortization expense related to purchased intangible assets is as follows (in millions):

NetApp, Inc. 10-Q