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

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

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.

Broadstone Net Lease

Bank of Nova Scotia

Chimera Investment

Canadian Imperial Bank of Commerce

Cisco Systems

Diageo

GlaxoSmithKline

Haleon PLC

Iron Mountain

Illinois Tool Works

Johnson & Johnson

Leggett & Platt

MDU Resources Group

Medical Properties Trust

Realty Income Corp

Orion Office REIT

Paramount Global

Philip Morris

SoFi Technologies

South32 Ltd

Invesco S&P 500 High Dividend Low Volatility ETF

TotalEnergies SE

Woodside Energy Group Ltd

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Dividend Income Summary: Lanny's April 2023 Summary

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Wednesday, May 31, 2023, NetApp (NASDAQ: NTAP) will announce financial results for the fourth quarter and fiscal year 2023, which ended April 28, 2023. NetApp executive management will host a conference call at 2:30 p.m. Pacific Time to discuss these results and provide their perspective on market dynamics. How to Participate The live Webcast call can be accessed at investors.netapp.com. Please allow at least 15 minutes prior to the start.

NetApp Hosts Fourth Quarter and Fiscal Year 2023 Financial Results Webcast

NetApp Inc. a company, which provides on-premises data storage systems and public cloud services, has seen some headwinds of late amid weaker IT spending and cloud cost optimization by large businesses.

NetApp Stock Looks Attractive Despite Easing IT Spending

Shares of NetApp Inc (NASDAQ: NTAP) haven't done all that well over the past two months but a Stifel analyst is convinced that it'll be a different story moving forward.

Cloud stock NetApp could gain 20% from here: Stifel

Cloud stock NetApp Inc (NASDAQ:NTAP) is up 3.4% at $65.11 at last glance, and earlier hit $65.75, after an upgrade from Stifel to "buy" from "hold.

Cloud Stock Rises on Analyst Upgrade

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today welcomed Haiyan Song as the new Executive Vice President and General Manager of its Cloud Operations (CloudOps) Business. Song brings with her a wealth of industry experience and expertise, having most recently served as Executive Vice President and General Manager, Security and Distributed Cloud at F5.

NetApp Appoints Haiyan Song Executive Vice President and General Manager of CloudOps Business

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today released the 2023 Cloud Complexity Report, a global survey exploring how technology decision makers are navigating cloud requirements coming from digital transformation and AI initiatives and the complexity of multicloud environments.

NetApp's 2023 Cloud Complexity Report Highlights the Shifting Demands of a Multicloud Environment

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.

3 Storage Devices Stocks to Look For Amid Industry Weakness

NetApp (NTAP) and CGI collaborate to offer hybrid cloud-managed services that will help clients improve their operational efficiency and transform their data.

NetApp (NTAP) & CGI to Aid Clients Unlock Cloud Potential

CGI Group

Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom MONTRÉAL, March 16, 2023 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced a new global alliance partnership with NetApp® (NASDAQ: NTAP) focused on helping organizations across industry sectors unlock the full potential of hybrid and multi-cloud environments to drive flexibility, efficiencies and cost savings in the management of their applications and use of their data. Through this new alliance, CGI and NetApp will provide clients with a single, consistent cloud environment, unified data services, and centralized management that supports full visibility of both on-premise and cloud-based systems and data.

CGI partners with NetApp to help clients accelerate data-intensive digital transformation in the cloud

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp™ (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced the Company will participate in a fireside chat at the following conference: Morgan Stanley TMT Conference Mike Berry, EVP, finance and CFO March 7, 2023 9:10 – 9:40 a.m. Pacific Time A live audio Webcast of the presentation will be available at investors.netapp.com. An audio Webcast archive of each event will be available after the conferences.

NetApp to Participate in Upcoming Technology Conference

NetApp's (NTAP) third-quarter fiscal 2023 performance hurt by weakening IT spending environment and cloud cost optimization.

NetApp (NTAP) Q3 Earnings Top Estimates, Revenues Fall Y/Y

NetApp, Inc. (NASDAQ:NTAP ) Q3 2023 Results Conference Call February 22, 2023 5:00 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Amit Daryanani - Evercore David Vogt - UBS Steven Fox - Fox Advisors Wamsi Mohan - Bank of America Mehdi Hosseini - SIG Tim Long - Barclays Samik Chatterjee - JP Morgan Krish Sankar - Cowen and Company Matt Sheerin - Stifel Sidney Ho - Deutsche Bank Jim Suva - Citigroup Jason Ader - William Blair Meta Marshall - Morgan Stanley Shannon Cross - Credit Suisse Nehal Chokshi - Northland Ananda Baruah - Loop Capital Kyle McNealy - Jefferies Operator Good day, and welcome to the NetApp Third Quarter Fiscal Year 2023 Earnings Conference Call. All participants will be in a listen-only mode.

NetApp, Inc. (NTAP) Q3 2023 Earnings Call Transcript

NetApp (NTAP) delivered earnings and revenue surprises of 4.58% and 5.58%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

NetApp (NTAP) Q3 Earnings Top Estimates

NetApp Inc. NTAP, -0.18% shares declined in the extended session Wednesday after the cloud-based data-services company's forecast came in light as weak business spending poses a challenge. NetApp shares fell as much as 5% after hours, following a 0.2% decline in the regular session to close at $65.83.

NetApp stock drops 5% as outlook reflects ‘weakening IT spending'

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) today reported financial results for the third quarter of fiscal year 2023, which ended on January 27, 2023. “In Q3, we executed well on the elements under our control in the face of a weakening IT spending environment and continued cloud cost optimization,” said George Kurian, chief executive officer.

NetApp reports third quarter of fiscal year 2023 results

NetApp's (NTAP) Q3 performance is likely to have benefited from demand for its solutions. However, weakness in global macroeconomic conditions and cutback in spending by clients remain headwinds.

NetApp (NTAP) to Report Q3 Earnings: Here's What to Expect

Investors should watch NTAP's management guidance, sell-side estimates and target price changes, and industry survey results before previewing its third quarter earnings. My take is that NetApp's actual Q3 FY 2023 bottom line should come in above the sell-side's expectations.

What Investors Need To Watch With NetApp's Q3 Earnings

NetApp (NTAP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NetApp (NTAP) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

National Grid

PepsiCo

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Dividend Income Summary: Lanny's January 2023 Summary

NetApp Advance Offers Organizations Next Level Hybrid Cloud Flexibility and Efficiency

NetApp Announces New Line of Low-Cost, Capacity Flash Storage for the Modern Data Center

SAN JOSE, Calif.--( BUSINESS WIRE )--After market close on Wednesday, February 22, 2023, NetApp (NASDAQ: NTAP) will announce financial results for the third quarter of fiscal year 2023, which ended January 27, 2023.

NetApp Hosts Third Quarter of Fiscal Year 2023 Financial Results Webcast

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Why NetApp (NTAP) is a Top Momentum Stock for the Long-Term

NetApp (NTAP) plans to reduce its workforce by 8% and incur restructuring charges of $85-$95 million mostly in the third quarter of fiscal 2023.

News for NetApp Stock (NTAP)