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.
Revenue increased 2% year-over-year to $1.64 billion.
Net income decreased to $299 million from $313 million in Q3 FY24.
Public Cloud segment revenue grew 15% year-over-year to $174 million.
Returned $306 million to stockholders through share repurchases and dividends.
NetApp expects revenue to be between $1.65 billion and $1.80 billion in Q4 FY25, with continued growth in cloud services and stable operating margins.
Visualization of income flow from segment revenue to net income
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