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Apr 25
NetApp Q4 2025 Earnings Report
NetApp reported record fourth-quarter results with growth across both Hybrid Cloud and Public Cloud segments.
Key Takeaways
NetApp delivered a strong Q4 with revenue of $1.73B and net income of $340M. Both GAAP and non-GAAP EPS exceeded prior year figures, driven by strong cloud performance and strategic portfolio updates.
Q4 revenue reached $1.73 billion, up from $1.67 billion YoY.
Net income rose to $340 million from $291 million last year.
Public Cloud revenue grew to $164 million, reflecting increasing demand.
Returned $355 million to shareholders through dividends and repurchases.
NetApp
NetApp
NetApp Revenue by Segment
NetApp Revenue by Geographic Location
Revenue by Segment
Hybrid Cloud Revenue
CapyFin.comPublic Cloud Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
NetApp anticipates Q1 FY26 revenue between $1.455B and $1.605B and GAAP EPS between $1.06 and $1.16. FY26 outlook suggests continued growth, with investments in AI and cloud projected to drive momentum.
Positive Outlook
- Revenue guidance for FY26 between $6.625B and $6.875B
- Non-GAAP EPS guidance of $7.60 to $7.90 for FY26
- Cloud services continue to expand rapidly
- High gross and operating margins expected to persist
- Enhanced AI capabilities to drive enterprise adoption
Challenges Ahead
- Q1 guidance slightly below Q4 revenue
- Rising operating costs may pressure margins
- Cash provided by operations declined YoY
- Inventory turns slowed from prior quarter
- Macroeconomic and FX headwinds remain potential risks
Revenue & Expenses
Visualization of income flow from segment revenue to net income