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
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