Revenue segments as reported by the company.

Product

Services

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales and marketing

Research and development

General and administrative

Restructuring charges

Acquisition-related expense

Gain on sale or derecognition of assets

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

NetApp

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Volumes ONTAP, NetApp Cloud Sync, NetApp Cloud Secure, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Kubernetes Service, and NetApp Cloud Insights. It also provides cloud infrastructure solutions, such as FlexPod, a portfolio of pre-validated designs and integration, NetApp HCI for public cloud consumption experience, and NetApp StorageGRID, a software-defined object-based storage solution. The company also offers storage systems and software, including all-flash arrays that support data management, hybrid arrays to deploy the speed of flash storage, the NetApp ONTAP storage operating system, NetApp ONTAP Select, which offers robust enterprise storage services, NetApp MAX Data, NetApp FlexArray storage virtualization software, NetApp OnCommand API Services, NetApp Active IQ software, NetApp data availability services, NetApp SnapCenter backup management software, NetApp SnapMirror data replication software, NetApp MetroCluster business continuity software, NetApp SnapLock data compliance software, the NetApp SANtricity storage operating system, and the NetApp Element operating system. It provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. The company serves the energy, financial services, government, high technology, Internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications sectors through a direct sales force and an ecosystem of partners. NetApp was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in San Jose, CA.

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q1 2025

Earnings data Q2 2025

NetApp exceeds Q4 expectations, anticipates decline in FY 2024 revenue

NetApp delivered strong Q4 results, but faces challenges with declining segment revenues and an expected decline in total revenue for fiscal year 2024. However, the company's focus on digital transformation projects, new product introductions, and returning free cash flow to shareholders highlights its strengths and opportunities for future growth. The emphasis on AI applications, cloud optimization, and product innovation positions NetApp to capitalize on evolving market trends.

NetApp reports solid start to FY '24 amidst cloud challenges

NetApp's Q1 performance reflects a mixed picture with strengths in cloud storage and consumption, but challenges in subscription and hybrid cloud revenue. The company remains confident in the growth potential of their Public Cloud business and is focused on addressing optimization trends and refining their portfolio and pricing.

NetApp exceeds Q3 expectations, focuses on cost control and growth

NetApp's Q3 performance demonstrated resilience amidst challenges, with a strategic focus on cost control and market alignment for future growth.
While facing headwinds in deal sizes and revenue, the company's strengths in CloudOps and competitive pricing position it well for opportunities ahead.
Navigating challenges in the tech sector, NetApp remains optimistic about driving growth through operational efficiency and market responsiveness.

NetApp exceeds Q4 expectations, eyes AI and cloud growth

NetApp delivered strong Q4 results, setting records for operating margin and EPS, with a focus on margin expansion and profitability.
The company is strategically positioned to leverage AI and cloud opportunities, aiming for a 55% product margin target in 2024.
Challenges include revenue decline expectations for FY 2024 and the need to improve billings, while opportunities lie in lower cost NAND technology and cloud optimization.
Overall, NetApp's performance reflects resilience in the face of challenges, with a clear strategy to drive growth and innovation in the coming year.

NetApp (NTAP) beats Q1 expectations, eyes cloud growth opportunities

NetApp (NTAP) exceeded Q1 2024 guidance, with strengths in AI storage, cloud partnerships, and go-to-market changes. Challenges include declines in Hybrid Cloud and all-flash array segments, as well as subscription business issues. Opportunities in cloud growth, product refinement, and pricing optimization.

NetApp beats Q2 expectations, eyes growth amidst cloud challenges

NetApp's Q2 performance exceeded expectations with record margins and profitability measures.
The company faces challenges from soft demand and cloud subscription headwinds.
However, strategic partnerships and product innovations present growth opportunities.
Overall, NetApp remains confident in its momentum and unified data storage solutions.

NetApp exceeds Q3 expectations, eyes growth in cloud services

NetApp's Q3 FY '24 earnings call showcased exceptional performance, strength in all-flash solutions and cloud services, challenges in U.S. public sector revenue, and opportunities for growth in fiscal year '25. The company's focus on innovation, go-to-market execution, and investment in product development positions it for continued success.

NetApp exceeds revenue guidance, focuses on cloud and storage growth

NetApp's strong financial performance in Q4 '24 and FY '24, coupled with strategic initiatives in cloud and storage offerings, position the company for continued success. While facing challenges in product margins and cash flow management, NetApp's focus on growth opportunities and customer-centric solutions presents a positive outlook for FY '25.

NetApp reports robust Q1 performance, raises outlook on key solutions

NetApp's Q1 2025 performance showcased strong revenue growth, record margins, and positive customer feedback on new offerings.
Despite challenges from subscription services, the company is well-positioned to capitalize on opportunities in cloud and AI solutions.
Raised revenue guidance and continued momentum in key segments signal a promising outlook for NetApp in FY '25.

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Cost of revenue

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SG&A

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EBITDA

Net income

Earnings per share

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Non-current assets

Net PPE

Intangibles

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Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NetApp, Inc. engages in the provision of software, systems, and services to manage and share data on-premises. The firm also offers private and public clouds worldwide. It operates through the Hybrid Cloud and Public Cloud segments. The Hybrid Cloud segment provides a data storage portfolio for storage management and infrastructure solutions. The Public Cloud segment refers to a portfolio of products delivered primarily as-a-service. The company was founded by David Hitz, James K. Lau, and Michael Malcolm in April 1992 and is headquartered in San Jose, CA.

FedEx

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Micron Technology

AT&T

On 7/7/23, AT&T, Micron Technology, and NetApp will all trade ex-dividend for their respective upcoming dividends.

Ex-Dividend Reminder: AT&T, Micron Technology And NetApp

NetApp (NTAP) reported earnings 30 days ago. What's next for the stock?

NetApp (NTAP) Up 5.8% Since Last Earnings Report: Can It Continue?

NetApp (NTAP) launches new capabilities in NetApp BlueXP, including cohesive data protection strategies and data protection across multi-cloud infrastructures.

NetApp (NTAP) Enhances BlueXP to Strengthen Data Security

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced it was named a finalist of the Industry, Automotive, Mobility & Transportation category in the 2023 Microsoft US Partner of the Year Awards. NetApp was honored among a field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. “We are delighted with this recognition from Microsof.

NetApp Recognized as a Finalist in the 2023 Microsoft US Partner of the Year Awards

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced new capabilities in NetApp BlueXP, further strengthening NetApp's position as the leading option for secure data storage. In today's technology landscape, data has never been more valuable or more vulnerable. Data powers operations, fuels innovation, and creates exceptional customer experiences. As such, the impact of ever-increasing cyberthreats such as ransomware atta.

New Security Features for NetApp BlueXP Offer Cohesive Data Protection Through a Single Point of Control

NetApp (NTAP) adds that Spot Ocean CD will aid the DevOps team to automate and optimize the Kubernetes delivery process without affecting consistency and safety.

NetApp (NTAP) Unveils Spot Ocean CD Solution for Kubernetes

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today introduced Spot Ocean CD, a continuous delivery solution for Kubernetes. Ocean CD complements and extends Spot Ocean, optimizing delivery of cloud applications by automating deployment strategies across clusters and workloads. The combination of Spot Ocean and Ocean CD extends our Kubernetes automation and optimization solutions to application delivery, reducing complexity and bu.

NetApp Introduces Continuous Delivery Solution Spot Ocean CD

NetApp is rated Neutral /Hold as, in my opinion, it is overvalued. Its positives are positive free cash flow, revenue diversity & global penetration, EPS growth, and a modest dividend opportunity near a 3% yield. Forward-looking sentiment will be to watch its role in the AI-driven decisions made by IT executives in the next few years, a major trend to track.

NetApp: A Leader In Data-Driven Innovation But Currently Overvalued

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today released its 2023 State of CloudOps report, an annual survey exploring the current state of CloudOps and how IT decision makers feel about the ways their organizations are working to optimize their environments. The report found that only 33% of executives are “very confident” in their ability to operate in a public cloud environment, an increase from 2022 when only 21% reported.

Spot by NetApp Survey Highlights the Enterprise-Wide Importance of CloudOps and Identifies Key Challenges for Cloud Teams to Achieve Success

Pure Storage

Teradata

Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices industry players like NTAP, PSTG and TDC.

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NetApp's (NTAP) fourth-quarter fiscal 2023 performance hurt by weak IT spending environment.

NetApp (NTAP) Q4 Earnings Top Estimates, Revenues Fall Y/Y

NetApp, Inc. NASDAQ: NTAP reported earnings for their fourth quarter ending April 2023 yesterday after the close and topped consensus estimates. While the outlook for the storage systems and data management solutions company was mixed, the slight uptick in the extended session and set up on a higher timeframe leads me to believe that NTAP could be a strong breakout candidate.

NetApp Is Gearing Up To Breakout After Earnings Top Estimates

NetApp, Inc. (NASDAQ:NTAP ) Q4 2023 Earnings Conference Call May 31, 2023 5:30 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Samik Chatterjee - JPMorgan Meta Marshall - Morgan Stanley Steven Fox - Fox Advisors Irvin Liu - Evercore ISI Shannon Cross - Credit Suisse Ananda Baruah - Loop Capital Robert Mertens - Cowen Tim Long - Barclays Nehal Chokshi - Northland Capital Markets Simon Leopold - Raymond James David Vogt - UBS Sidney Ho - Deutsche Bank Louis Miscioscia - Daiwa Capital Markets Operator Good day and welcome to the NetApp Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. All participants will be in a listen-only mode.

NetApp, Inc. (NTAP) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for NetApp (NTAP) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NetApp (NTAP) Reports Q4 Earnings: What Key Metrics Have to Say

NetApp (NTAP) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.42 per share a year ago.

NetApp (NTAP) Q4 Earnings and Revenues Surpass Estimates

NetApp Inc. shares NTAP rallied in the extended session Wednesday after the cloud-data software company topped Wall Street estimates for the quarter and offered a conservative near-term outlook. NetApp shares rose 6% after hours, following a 4% decline in the regular session to close at $66.35.

NetApp stock rallies on earnings beat, long-term outlook

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) today reported financial results for the fourth quarter and fiscal year 2023, which ended on April 28, 2023. “Our sharpened focus and disciplined execution yielded solid Q4 results in a dynamic environment. Digital transformation projects involving business analytics, AI, data security, and application modernization, both on premises and in the cloud, remain top IT priorities,” said George Kurian, chief executive officer. “We deliver sign.

NetApp Reports Fourth Quarter and Fiscal Year 2023 Results

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Weakness in global macroeconomic conditions and softening IT spending environment might have hurt NetApp's (NTAP) earnings in fourth-quarter fiscal 2023.

NetApp (NTAP) to Report Q4 Earnings: Here's What to Expect

NetApp (NTAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate NetApp (NTAP) to Report a Decline in Earnings: What to Look Out for

We expect the company's revenues for the quarter to come in at about $1.

What To Expect From NetApp's Q4 Results?

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced several innovative products and programs including a new modern block storage offering and a guarantee highlighting NetApp's best-in-class ability to recover from ransomware attacks. This announcement addresses critical customer challenges including increasing IT complexity, restricted IT budgets, increased urgency around sustainability, and the continued exponential gr.

NetApp Delivers Simplicity and Savings to Block Storage with New All-Flash SAN Array and Introduces a Ransomware Recovery Guarantee

NetApp (NTAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

News for NetApp Stock (NTAP)