{"schemaVersion":1,"research":true,"symbol":"ntap","name":"NetApp","topic":"moat","path":"/stock/ntap/moat","status":"published","version":3,"updatedAt":"2026-10-18T00:05:49.336Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"narrow","summary":"NetApp has a modest, evidenced switching-cost advantage around its installed storage base, ongoing support and integrated data-management software. Growing support contract value and substantial contracted obligations support customer continuity, although migration costs and renewal rates are undisclosed. Realized selling-price increases offset higher component costs in the latest quarter, demonstrating some pricing power without establishing premium pricing or durable market leadership. AI growth opportunities and issuer-reported awards do not independently establish a wider moat.","advantages":[{"mechanism":"switching_costs","claim":"Installed hardware and software requiring ongoing support, upgrades and integration create customer dependency. Support revenue growth, higher installed-base support contract value and contracted future revenue provide operating evidence consistent with switching friction. The magnitude of migration costs remains an inference.","durability":"A narrow advantage is supported by support revenue across three fiscal years and obligations extending beyond the next twelve months. ONTAP and cloud integrations plausibly reinforce continuity, but the passages do not establish exclusivity or quantify the cost of replacement.","risks":"Cloud integration and differentiation are principally issuer descriptions. Hardware orders are generally cancellable before shipment, price increases follow market trends, and component inflation has already affected margins. Two strategic growth metrics earned no incentive payout, tempering claims of uniformly strong competitive execution.","invalidation":"The thesis would weaken materially if installed-base support contract value and support revenue persistently declined after currency effects, customers replaced NetApp while maintaining workloads without meaningful disruption, or comparable integrations became readily interchangeable. Repeated inability to offset component costs through realized selling prices would further undermine its economic value.","competitors":[],"evidenceIds":["e1","e2","e3","e4","e5","e6"],"counterEvidenceIds":["e7","e8","e9","e10"]}],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Results of Operations / Services Revenues and support contract description","excerpt":"Services Revenues (in millions, except percentages): Year Ended April 24, 2026 April 25, 2025 % Change April 26, 2024 % Change Services revenues $ 3,731 $ 3,532 6 % $ 3,419 3 % Support 2,636 2,512 5 % 2,488 1 % Professional and other services 407 355 15 % 320 11 % Public cloud 688 665 3 % 611 9 % Hybrid Cloud Hybrid Cloud services revenues are derived from the sale of: (1) support, which includes both hardware and software support contracts (the latter of which entitle customers to receive unspecified product upgrades and enhancements, bug fixes and patch releases), and (2) professional and other services, which include customer education and training."},{"id":"e2","sourceId":"filing-1","location":"Results of Operations / installed-base support contract value","excerpt":"Support revenues increased in fiscal 2026 compared to fiscal 2025 primarily due to a higher aggregate support contract value for our installed base and the favorable impact from foreign exchange rate fluctuations."},{"id":"e3","sourceId":"filing-2","location":"Revenue disclosures / remaining performance obligations","excerpt":"Remaining performance obligations As of July 31, 2026, the aggregate amount of the transaction price allocated to the remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied was $5.6 billion."},{"id":"e4","sourceId":"filing-2","location":"Revenue disclosures / expected recognition of remaining performance obligations","excerpt":"We expect to recognize as revenue 44% of our remaining performance obligations in the next 12 months and the remainder thereafter."},{"id":"e5","sourceId":"filing-2","location":"Business overview / ONTAP and storage portfolio","excerpt":"Our flagship ONTAP® data management software, together with a comprehensive portfolio of all-flash, hybrid-flash, and cloud-native offerings, forms the foundation for customers’ digital transformation initiatives."},{"id":"e6","sourceId":"filing-2","location":"Business overview / public cloud integration","excerpt":"NetApp’s deep integration with all major public cloud providers—Amazon Web Services (AWS), Microsoft Azure, and Google Cloud—enables our customers to run critical workloads anywhere, with consistent performance, security, and governance."},{"id":"e7","sourceId":"filing-2","location":"Revenue disclosures / order cancellation and backlog limitations","excerpt":"Because customer orders are typically placed on an as-needed basis, and cancellable without penalty prior to shipment, orders in backlog may not be a meaningful indicator of future revenue and have not been included in this amount."},{"id":"e8","sourceId":"filing-1","location":"Risk Factors / realized component inflation and margin impact","excerpt":"For example, we have experienced inflationary pressure and supply chain constraints beginning in the second half of fiscal 2026, resulting in increased costs for memory and other components, which have affected our gross margins."},{"id":"e9","sourceId":"filing-2","location":"Management discussion / implemented pricing increases","excerpt":"To address these challenges, we have implemented several strategic actions: • We raised our pricing in the fourth quarter of fiscal 2026 and at the beginning of the second quarter of fiscal 2027, in line with market trends."},{"id":"e10","sourceId":"filing-3","location":"Executive Compensation / fiscal 2026 actual incentive results","excerpt":"Company Performance (in millions, except percentages)(1) Payout as a % of Target Weighted Payout % of Target(2) Threshold (25% of Target Payout) Target (100% of Target Payout) Maximum (200% of Target Payout) AOI (50% weighting) 119.2% 59.6% Revenue (30% weighting) 99.7% 29.9% Cloud Storage Revenue (10% weighting) 0.0% 0.0% ASA (Block Storage) Revenue Growth (10% weighting) 0.0% 0.0% Total Weighted Company Payout 89.5% (1) Payout percentages were determined by interpolating for performance between discrete points shown in the table above."},{"id":"e11","sourceId":"filing-2","location":"Results of Operations / selling prices, component costs and product gross margins","excerpt":"Hybrid Cloud product gross margins were relatively flat in the first quarter of fiscal 2027 compared to the corresponding period of the prior year primarily reflecting higher selling prices offset by higher component costs."},{"id":"e12","sourceId":"filing-2","location":"Management discussion / customer adjustment to pricing changes","excerpt":"While we aim to match supplier costs with our pricing to customers, we recognize the need to give customers time to adjust to these changes."},{"id":"e13","sourceId":"filing-3","location":"Fiscal 2026 Business Highlights / revenue, earnings and operating cash flow","excerpt":"Innovate to Elevate Drive Results Excel as a Team • Remain curious and continuously seek to learn and improve • Challenge the way we do work to be the best in the world • Remove barriers and commit to high standards • Make customer and partner imperatives your own and prioritize high-impact results • Take accountability – Get things done with urgency, follow-through, and resilience • Deliver on commitments and actively contribute to change • Cultivate a collaborative and inclusive problem-solving culture – challenge respectively, execute collectively • Communicate effectively to drive clarity and coach with actionable feedback • Win together by doing the right thing Fiscal 2026(1) Business Highlights $6.93B Net Revenues (+5.4% year-over-year) $1.67B Operating Income (+25.2% year-over-year) $6.35 EPS(2) (+12.0% year-over-year) $2.07B Operating Cash Flow (+37.3% year-over-year) $1.71B AOI(3) (+15.6% year-over-year) $8.13 Non-GAAP EPS(2) (+12.1% year-over-year) (1) Our fiscal year is reported on a 52- or 53- week year that ends on the last Friday in April, and our 2026 fiscal year began on April 26, 2025 and ended on April 24, 2026 (\"fiscal 2026\")."},{"id":"e14","sourceId":"filing-2","location":"Condensed Consolidated Statements of Cash Flows / quarterly cash generation, investment, stock compensation and distributions","excerpt":"CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Three Months Ended July 31, 2026 July 25, 2025 Cash flows from operating activities: Net income $ 375 $ 233 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 33 51 Non-cash operating lease cost 11 11 Stock-based compensation 98 83 Deferred income taxes (5 ) 9 Other items, net (15 ) 46 Changes in assets and liabilities: Accounts receivable 317 466 Inventories (176 ) 54 Other operating assets (114 ) 110 Accounts payable 19 (107 ) Accrued expenses (75 ) (240 ) Deferred revenue 32 (48 ) Other operating liabilities 3 5 Net cash provided by operating activities 503 673 Cash flows from investing activities: Purchases of investments (1,603 ) (741 ) Maturities, sales and collections of investments 1,109 598 Purchases of property and equipment (102 ) (53 ) Acquisition of business, net of cash acquired (78 ) — Other investing activities, net — 15 Net cash used in investing activities (674 ) (181 ) Cash flows from financing activities: Proceeds from issuance of common stock under employee stock award plans 57 54 Payments for taxes related to net share settlement of stock awards (74 ) (57 ) Repurchase of common stock (200 ) (300 ) Repayments and extinguishment of debt — (750 ) Dividends paid (102 ) (104 ) Net cash used in financing activities (319 ) (1,157 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash (6 ) 7 Net change in cash, cash equivalents and restricted cash (496 ) (658 ) Cash, cash equivalents and restricted cash: Beginning of period 2,075 2,749 End of period $ 1,579 $ 2,091 See accompanying notes to condensed consolidated financial statements."},{"id":"e15","sourceId":"filing-1","location":"Management discussion / fiscal 2026 share repurchases","excerpt":"Stock Repurchase Program and Dividend Activity During fiscal 2026, we repurchased 9.0 million shares of our common stock at an average price of $105.89 per share, for an aggregate purchase price of $950 million."},{"id":"e16","sourceId":"filing-1","location":"Management discussion / fiscal 2026 dividends","excerpt":"We also declared aggregate cash dividends of $2.08 per share in fiscal 2026, for which we paid a total of $413 million."},{"id":"e17","sourceId":"filing-1","location":"Management discussion / senior notes repayment","excerpt":"Senior Notes Repayment On June 23, 2025, upon maturity, we repaid the 1.875% Senior Notes due June 2025 for an aggregate amount of $757 million, comprised of the principal and unpaid interest."},{"id":"e18","sourceId":"filing-2","location":"Commitments and Contingencies / non-cancelable inventory commitments","excerpt":"As of July 31, 2026, we had $1.9 billion in non-cancelable purchase commitments for inventory."},{"id":"e19","sourceId":"filing-1","location":"Commitments and Contingencies / prior inventory commitments","excerpt":"As of April 24, 2026, we had $1.0 billion in non-cancelable purchase commitments for inventory."},{"id":"e20","sourceId":"filing-3","location":"Executive Compensation Highlights / fiscal 2026 CEO incentive structure","excerpt":"Demonstrating our continued commitment to align compensation with overall Company performance, in fiscal 2026, 95% of our Chief Executive Officer’s target direct compensation was “at-risk” compensation in the form of an annual cash bonus incentive and equity awards, and 65% was in the form of performance-based long-term incentive awards, with payouts tied to Company performance."},{"id":"e21","sourceId":"filing-3","location":"Executive Compensation Policies and Practices / clawbacks, payout limits and equity restrictions","excerpt":"Executive Compensation Policies and Practices NetApp’s Committee is committed to following best practices in compensation-related governance, as highlighted in the following table: What We Do What We Don’t Do ✓ Employ a pay-for-performance philosophy reflected in our program design and target pay levels for NEOs ✓ Cap maximum annual incentive and performance-vested equity award payouts ✓ Maintain robust stock ownership guidelines for officers and directors ✓ Maintain a 100% independent Committee and engage an independent compensation consultant ✓ Maintain comprehensive clawback policies, which covers time-based equity awards in addition to performance-based compensation ✓ Provide only double-trigger change of control vesting ✓ Engage regularly with stockholders û Guarantee bonuses, compensation increases or multi-year equity grants û Provide tax gross-ups û Pay dividends/dividend equivalents on unvested equity awards û Permit hedging or pledging Company stock by employees or directors û Provide excessive perquisites û Provide executive-only pension plans or supplemental executive retirement plans û Encourage unnecessary or excessive risk taking û Reprice or cash out underwater options 43 Components of Compensation The key elements of our fiscal 2026 executive compensation program – Base Salary, Annual ICP and Long-Term (Incentive) Equity Compensation – are described in more detail below."},{"id":"e22","sourceId":"filing-3","location":"Stock Ownership Guidelines / eligible holdings including unvested RSUs","excerpt":"Shares counted toward the guideline include 50% of shares underlying unvested restricted stock units, shares owned outright by the director or executive or their immediate family, shares held in trust for the benefit of the director or executive or their immediate family, and any shares underlying vested restricted stock units that have been deferred under the Company's deferred compensation plans."},{"id":"e23","sourceId":"filing-3","location":"Board composition / director independence","excerpt":"With Paul’s appointment, our Board now consists of ten directors, nine of whom are independent."},{"id":"e24","sourceId":"filing-3","location":"Board Engagement / actual director attendance","excerpt":"During fiscal 2026, each director attended at least 75% of the aggregate of the total number of meetings of our Board held and the total number of meetings held by all Board committees on which such director served during the period which such director served."},{"id":"e25","sourceId":"filing-1","location":"Stockholders' Equity / board authority over preferred stock","excerpt":"Preferred Stock Our Board of Directors has the authority to issue up to 5 million shares of preferred stock and to determine the price, rights, preferences, privileges, and restrictions, including voting rights, of those shares without any further vote or action by the stockholders."},{"id":"e26","sourceId":"filing-2","location":"Results of Operations / additional week in first-quarter fiscal 2027","excerpt":"Fiscal 2027, ending on April 30, 2027, is a 53-week year, with 14 weeks included in its first quarter and 13 weeks in each subsequent quarter."},{"id":"e27","sourceId":"filing-3","location":"Industry Recognition / issuer report of repeated Gartner recognition","excerpt":"• We were recognized as a Leader in the 2025 Gartner Magic Quadrant for Primary Storage Platforms, marking the 13th consecutive year of this acknowledgment and highlighting NetApp’s commitment to innovation and its vision for a comprehensive hybrid cloud storage infrastructure."},{"id":"e28","sourceId":"filing-2","location":"Management discussion / actual quarterly restructuring charges","excerpt":"Aggregate restructuring charges recorded during the first quarter of fiscal 2027 totaled $56 million."}],"changes":["No comparable previous version."],"limitations":["Assessment uses only supplied passages. Sources are filings dated June 5, July 28 and September 2, 2026, each with dateKind filed; these dates are not retrieval dates.","No company is explicitly identified as a competitor in the supplied passages. Named cloud providers are described as partners; acquisition targets, buyers and directors' employers do not establish competitor coverage.","Switching costs are inferred from installed-base support, integrated software and contractual demand. Migration expense, renewal rates, customer concentration, comparative functionality and competitive win/loss data are absent.","Remaining performance obligations cover multiple offerings and do not establish renewal rates, support-only retention or customer inability to switch.","Pricing increases and the latest selling-price contribution are disclosed, but price elasticity, discount trends, like-for-like premium pricing and contract repricing rights are not quantified.","Financial and contractual disclosures support numerical grades without external research. Product leadership, customer-win narratives and third-party recognition are issuer-reported; exceptional durability is not demonstrated.","Proxy disclosures establish actual incentive design and fiscal 2026 payout outcomes. Complete ownership holdings and compliance with ownership guidelines are absent; counting some unvested RSUs limits the guidelines' evidentiary strength.","The first quarter of fiscal 2027 contained an additional week, limiting simple year-over-year comparisons. Proposed governance amendments and scheduled meeting proposals are not treated as adopted."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":2,"rationale":"Installed-base support and integrated software provide a credible switching-cost mechanism supported by growing support demand. Actual replacement costs and superiority over alternatives are undisclosed.","evidenceIds":["e1","e2","e5","e6"]},{"criterion":"durability","grade":2,"rationale":"Three years of support revenue and obligations extending beyond twelve months support continuity. Repeated issuer-reported industry recognition adds context but cannot establish durable customer captivity.","evidenceIds":["e1","e3","e4","e27"]},{"criterion":"customer_dependency","grade":2,"rationale":"Support includes software upgrades, bug fixes and patches, indicating ongoing reliance after installation. Higher aggregate installed-base support value supports dependency indirectly; no migration or renewal measurements are supplied.","evidenceIds":["e1","e2","e5"]},{"criterion":"erosion_resilience","grade":2,"rationale":"Support growth and realized cost offset through selling prices show resilience. Earlier inflation-related margin damage, cancellable orders and missed strategic incentive thresholds limit confidence.","evidenceIds":["e2","e7","e8","e10","e11"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":3,"rationale":"Implemented increases are corroborated by higher realized selling prices offsetting component costs in quarterly product margins. This demonstrates cost pass-through over the observed period, rather than sustained premium pricing or tested demand elasticity.","evidenceIds":["e9","e11","e12"]},{"criterion":"retention","grade":2,"rationale":"Support revenue rose across the disclosed years and installed-base aggregate contract value increased. These are indirect indicators of repeat demand; expansion, currency and customer additions prevent interpreting them as a measured renewal rate.","evidenceIds":["e1","e2","e3","e4"]},{"criterion":"margin_resilience","grade":2,"rationale":"Latest product gross margins remained relatively flat as higher prices offset component inflation, following disclosed earlier margin pressure. Evidence supports mixed resilience rather than immunity to input costs.","evidenceIds":["e8","e11"]},{"criterion":"contractual_freedom","grade":2,"rationale":"Actual pricing changes demonstrate practical ability to reset offered prices. Customers generally can cancel orders before shipment and require adjustment time, constraining leverage. Existing-contract repricing rights are undisclosed.","evidenceIds":["e7","e9","e12"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"Fiscal 2026 operating cash flow of $2.07 billion accompanied repurchases, dividends and debt repayment. Latest quarterly operating cash flow fell while capital spending, inventories and non-cancelable commitments rose. Cash generation supports distributions, but buyback value creation and returns on increased commitments remain unproven; stock compensation is an additional economic cost.","evidenceIds":["e13","e14","e15","e16","e17","e18","e19"]},{"criterion":"incentive_alignment","grade":3,"rationale":"Actual fiscal 2026 compensation emphasized performance-based awards, and missed strategic metrics produced zero payouts and an aggregate company payout below target. Clawbacks, capped payouts and hedging restrictions reinforce alignment. Target compensation is not realized value, and ownership guideline accounting includes some unvested RSUs.","evidenceIds":["e10","e20","e21","e22"]},{"criterion":"execution","grade":2,"rationale":"Revenue, operating income and operating cash flow improved in fiscal 2026, and subsequent realized pricing offset component costs. Execution is assessed from operating results; zero payouts on cloud storage and block storage growth metrics plus renewed restructuring make the overall record mixed.","evidenceIds":["e10","e11","e13","e14","e26","e28"]},{"criterion":"governance","grade":3,"rationale":"Nine of ten directors were independent, actual attendance met the disclosed threshold, and compensation governance included independent oversight and clawbacks. Broad preferred-stock authority limits shareholder control. These disclosures support strong governance structures without establishing exceptional oversight outcomes or adoption of proposed amendments.","evidenceIds":["e21","e23","e24","e25"]}]}],"qualityPolicy":"quality-scores-2","basisHash":"20f3a19252982aa86ad1b9a91f69c90a490681f6096385966eeccb7f44f0f1af","updatedAt":"2026-10-18T00:05:49.336Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1002047/000119312526259683/ntap-20260424.htm","publishedAt":"2026-06-05","sha256":"64328ae7a01ad5a2f78bcc8c0c4b099b7f081002c3231faf6d2467f922fc0182","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1002047/000119312526380207/ntap-20260731.htm","publishedAt":"2026-09-02","sha256":"c29258b17115dd505782242aee7a3d830b12793da0fa8f4fc0adf572a7490017","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1002047/000119312526321210/ntap-20260727.htm","publishedAt":"2026-07-28","sha256":"38453b0cf88ad8f80e9d8eb6d2815a852f36a934432d0c3950a3ebd1fe7a8314","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:928769118d48800d6e3a3a8fa87efa7aeffa0a1b91588052547daa14b139b2c5","usage":{"input_tokens":53242,"cached_input_tokens":20992,"cache_write_input_tokens":0,"output_tokens":3385,"reasoning_output_tokens":176}},"signals":[{"period":"2022","end":"2022-04-29","values":{"gross_margin":66.79328901551123,"operating_margin":18.31275720164609,"roic":null,"fcf_margin":15.590376701487813,"sbc_revenue":3.8778094333649893},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic":"Average invested capital is zero or negative, so this ratio is undefined.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2023","end":"2023-04-28","values":{"gross_margin":66.15844074190507,"operating_margin":16.001257466205594,"roic":null,"fcf_margin":13.64350833071361,"sbc_revenue":4.904118201823326},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2024","end":"2024-04-26","values":{"gross_margin":70.72431397574984,"operating_margin":19.36821952776005,"roic":66.11417056128644,"fcf_margin":24.40970006381621,"sbc_revenue":5.695596681557116},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2025","end":"2025-04-25","values":{"gross_margin":70.19172245891662,"operating_margin":20.343883140596468,"roic":72.38335999181986,"fcf_margin":20.359099208764455,"sbc_revenue":5.873402312842361},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2026","end":"2026-04-24","values":{"gross_margin":70.74368231046931,"operating_margin":24.17328519855596,"roic":78.5296012094011,"fcf_margin":26.989169675090253,"sbc_revenue":5.516245487364621},"issues":{"software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1002047/000119312526259683/ntap-20260424.htm","publishedAt":"2026-06-05","sha256":"64328ae7a01ad5a2f78bcc8c0c4b099b7f081002c3231faf6d2467f922fc0182","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1002047/000119312526380207/ntap-20260731.htm","publishedAt":"2026-09-02","sha256":"c29258b17115dd505782242aee7a3d830b12793da0fa8f4fc0adf572a7490017","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1002047/000119312526321210/ntap-20260727.htm","publishedAt":"2026-07-28","sha256":"38453b0cf88ad8f80e9d8eb6d2815a852f36a934432d0c3950a3ebd1fe7a8314","dateKind":"filed"}],"history":[{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"narrow","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"narrow","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}