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Jan 29, 2021
NetApp Q3 2021 Earnings Report
NetApp's Q3 2021 financial performance exceeded expectations with revenue growth and strong operating margin.
Key Takeaways
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.
Net revenues reached $1.47 billion, a 5% increase year-over-year.
GAAP net income was $182 million, with earnings per share of $0.80.
Non-GAAP net income was $250 million, with earnings per share of $1.10.
Public cloud services annualized revenue run rate increased by 186% year-over-year, reaching $237 million.
Revenue by Geographic Location
Forward Guidance
NetApp expects net revenues to be in the range of $1.44 billion to $1.54 billion and GAAP earnings per share to be in the range of $0.78 to $0.86 for the fourth quarter of fiscal year 2021.
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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