NetApp Q2 2025 Earnings Report
Key Takeaways
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.
Net revenues reached $1.66 billion, a 6% increase year-over-year.
All-flash array annualized net revenue run rate hit a record $3.8 billion, up 19% year-over-year.
First party and marketplace cloud storage services revenue grew approximately 43% year-over-year.
Returned $406 million to stockholders through share repurchases and cash dividends.
NetApp
NetApp
NetApp Revenue by Segment
NetApp Revenue by Geographic Location
Forward Guidance
The Company provided the following financial guidance for the third quarter of fiscal year 2025: Net revenues are expected to be in the range of: $1.610 billion - $1.760 billion GAAP Non-GAAP Earnings per share is expected to be in the range of: $1.41 - $1.51 $1.85 - $1.95
Revenue & Expenses
Visualization of income flow from segment revenue to net income