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Jan 24, 2020
NetApp Q3 2020 Earnings Report
Reported solid margins, cash flow, and operating leverage.
Key Takeaways
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.
All-flash array annualized net revenue run rate of $2.3 billion increased 7% quarter-over-quarter
NetApp™ cloud data services annualized recurring revenue of approximately $83 million, an increase of 146% year-over-year
Consolidated GAAP gross margin of 67.0%, non-GAAP gross margin of 67.8%
$420 million in cash from operations; $388 million in free cash flow
Revenue by Geographic Location
Forward Guidance
The Company provided the following financial guidance for the fourth quarter of fiscal year 2020: •Net revenues are expected to be in the range of: $1.455 billion to $1.605 billion GAAP Non-GAAP •Earnings per share is expected to be in the range of: $1.11 -$1.19 $1.28 - $1.36
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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