NetApp Earnings Reports

NetApp reported revenue of $1.64 billion for Q3 FY25, a 2% increase year-over-year. Net income was $299 million, down from $313 million in Q3 FY24. The company maintained strong growth in its cloud storage segment, with first-party and marketplace cloud storage revenue increasing over 40%. Non-GAAP EPS was $1.91, while GAAP EPS was $1.44.

NetApp reported strong Q2 fiscal year 2025 results, with net revenues of $1.66 billion, a 6% increase year-over-year. The company saw record performance in all-flash storage and strong growth in first party and marketplace cloud storage services. Net income was $299 million, or $1.42 per share, while non-GAAP net income was $392 million, or $1.87 per share.

NetApp reported Q1 2025 results with net revenues of $1.54 billion, an 8% year-over-year increase. The company achieved record first quarter GAAP operating margin of 18% and non-GAAP operating margin of 26%. GAAP net income per share was $1.17, and non-GAAP net income per share was $1.56.

NetApp reported Q4 2024 net revenues of $1.67 billion, a 6% increase year-over-year. The company achieved record annual gross margins, operating margins, and EPS. Net income for the quarter was $291 million, or $1.37 per share.

NetApp reported a 5% year-over-year increase in net revenues, reaching $1.61 billion. The company achieved record GAAP and non-GAAP gross margins, as well as record non-GAAP operating margins. GAAP net income per share was $1.48, and non-GAAP net income per share reached a record $1.94.

NetApp reported a strong second quarter with revenue above the midpoint of guidance and record highs for gross margins, operating margins, and EPS. Net revenues were $1.56 billion, and GAAP net income per share was $1.10.

NetApp reported a decrease in net revenues to $1.43 billion, a 10% year-over-year decline. The company is focusing on better performance in the storage business and a more focused approach to cloud, introducing innovations like NetApp ASA A-Series and the Ransomware Recovery Guarantee.

NetApp reported Q4 2023 net revenues of $1.58 billion, a 6% year-over-year decrease. The company's focus on hybrid and multicloud solutions, along with new innovations, aims to drive long-term growth and value.

NetApp reported Q3 2023 results with net revenues of $1.53 billion, a 5% decrease year-over-year. The company returned $308 million to shareholders through share repurchases and cash dividends. Public Cloud segment revenue grew to $150 million, while Hybrid Cloud segment revenue was $1.38 billion.

NetApp reported a solid quarter with all-time highs for Q2 revenue, billings, gross profit dollars, operating income, and EPS. Net revenues for the second quarter grew 6% year-over-year to $1.66 billion.

NetApp reported a strong start to fiscal year 2023, with Q1 net revenues increasing by 9% year-over-year to $1.59 billion. The company set new Q1 records for billings, revenue, gross profit dollars, operating income, and EPS, driven by broad-based demand across its portfolio and geographies.

NetApp reported an 8% year-over-year increase in net revenues for Q4 2022, reaching $1.68 billion. The company saw growth in its Hybrid Cloud and Public Cloud segments, with Public Cloud ARR increasing by 68% year-over-year. Net income was $259 million, and non-GAAP net income was $324 million.

NetApp reported a 10% year-over-year increase in net revenues for the third quarter of fiscal year 2022, reaching $1.61 billion. The company's Public Cloud annualized revenue run rate (ARR) increased by 98% year-over-year to $469 million. GAAP net income was $252 million, or $1.10 per share, while non-GAAP net income was $330 million, or $1.44 per share.

NetApp reported strong second-quarter results, with revenue growth driven by expanded cloud partnerships and substantial innovation. The company's performance exceeded guidance, leading to raised full-year expectations for revenue, EPS, and Public Cloud ARR. NetApp is gaining market share in all-flash and object storage while rapidly scaling its public cloud business.

NetApp reported a strong start to fiscal year 2022, with double-digit revenue and billings growth. Net revenues for the first quarter grew 12% year-over-year to $1.46 billion. Public Cloud revenue increased 155% year-over-year.

NetApp reported Q4 2021 results with net revenues of $1.56 billion, an 11% year-over-year increase. GAAP net income was $334 million, or $1.46 per share, while non-GAAP net income was $268 million, or $1.17 per share. The company's public cloud services ARR increased 171% year-over-year to $301 million, and free cash flow reached an all-time high of $521 million.

NetApp reported a strong third quarter in fiscal year 2021, with revenues at the top of the guidance range and operating margin and EPS above expectations. Net revenues increased by 5% year-over-year to $1.47 billion. The company's public cloud services annualized revenue run rate increased by 186% year-over-year.

NetApp reported a 3% year-over-year increase in net revenues, reaching $1.42 billion in the second quarter of fiscal year 2021. The company's public cloud services experienced substantial growth, with an annualized revenue run rate of $216 million, up 200% year-over-year. GAAP net income was $137 million, or $0.61 per share, while non-GAAP net income was $236 million, or $1.05 per share.

NetApp reported a 5% year-over-year increase in net revenues, reaching $1.30 billion, and EPS exceeded guidance. The company's public cloud services annualized recurring revenue saw substantial growth, and strategic acquisitions were completed to enhance customer value in the cloud.

NetApp reported Q4 2020 results with net revenues of $1.40 billion. The company's cloud business grew substantially, and new customer acquisition districts performed well.

NetApp reported third quarter fiscal year 2020 results with strong gross margins, cash flow, and operating leverage. Net revenues were $1.40 billion, and GAAP net income was $277 million.