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.

NetApp's (NTAP) fiscal third-quarter results reflect continued strength in the Hybrid Cloud and Public Cloud segments.

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

NetApp Inc's (NTAP) CEO George Kurian on Q3 2022 Results - Earnings Call Transcript

NetApp (NTAP) delivered earnings and revenue surprises of 12.50% and 0.08%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

NetApp (NTAP) Q3 Earnings and Revenues Top Estimates

NetApp Inc. shares dropped in the extended session Wednesday after the cloud-based data-services company's fourth-quarter earnings forecast fell short of Wall Street expectations.

Earnings Results: NetApp stock falls as earnings forecast comes in under Street view

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp has acquired Fylamynt, a CloudOps automation technology company that enables customers to build, run, manage and analyze workflows securely.

NetApp Acquires Fylamynt to Bring Automation Capabilities to Spot by NetApp's Leading CloudOps Portfolio

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) today reported financial results for the third quarter of fiscal year 2022, which ended on January 28, 2022. “Q3 results and positive growth outlook are powered by the alignment of our differentiated technology portfolio with customer priorities for cloud and digital transformation. We have a unique position in solving organizations' most significant challenges in hybrid, multi-cloud IT,” said George Kurian, chief executive officer. “Our

NetApp Reports Third Quarter of Fiscal Year 2022 Results

NetApp (NTAP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why NetApp (NTAP) Might Surprise This Earnings Season

NetApp's (NTAP) fiscal third-quarter performance is likely to reflect strength in the Public Cloud Services and all-flash storage business.

What to Expect Ahead of NetApp's (NTAP) Q3 Earnings Release?

Lowe's

Louisiana-Pacific

Mosaic

Zscaler

We have narrowed our search to five stocks that will release earnings next week. These are: MOS, LPX, LOW, NTAP and ZS.

Top 5 Stocks Poised to Beat on Earnings Next Week

NetApp Inc. (NASDAQ:NTAP) is set to release its fiscal third-quarter results after the market close on Wednesday, Feb. 23.

What You Need to Know About NetApp Stock Ahead of Earnings

Shares of NetApp have climbed 25% over the past year while fellow tech stocks have crumbled under the weight of overripe valuations. NetApp, meanwhile, trades at a relatively reasonable ~16x forward P/E and carries a nice 2.2% yield.

NetApp: The Hallmarks Of A Successful Tech Re-Invention

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Wednesday, February 23, 2022, NetApp (NASDAQ: NTAP) will announce financial results for the third quarter of fiscal year 2022, which ended January 28, 2022. NetApp executive management will host a conference call at 2:00 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

NetApp Hosts Third Quarter of Fiscal Year 2022 Financial Results Webcast

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.

Why the Earnings Surprise Streak Could Continue for NetApp (NTAP)

Pure Storage

Western Digital

Momentum in cloud computing, IoT, auto, connected devices, VR and AI is expected to favor the prospects of the Zacks Computer - Storage Devices industry players like NetApp (NTAP), Western Digital (WDC) and Pure Storage (PSTG).

3 Storage Devices Stocks to Watch for in a Booming Industry

We think that Nutanix Inc. currently is a better bet compared to NetApp Inc.. NTNX stock trades at 4.3x trailing revenues, higher than that of NTAP, whose P/S multiple stands at 3.3x.

Read This If You Think NetApp Stock Is Your Best Cloud Services Bet

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp announced the appointment of Elizabeth O'Callahan to Chief Legal Officer and General Counsel role.

NetApp Continues Expansion of Leadership Team with Appointment of Elizabeth O'Callahan to Chief Legal Officer and General Counsel

Cisco Systems

Intel

Oracle

Our theme of Value Tech Stocks - which is comprised of tech stocks with a market cap of over $5 billion and a price to earnings multiple of under 20x - has rallied by a solid 57% year-to-date, considerably outperforming the S&P 500 index which is up by about 28% over the same period.

Value Tech Stocks Had A Solid 2021. Will The Rally Continue?

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

NetApp (NTAP) Up 4.2% Since Last Earnings Report: Can It Continue?

We think that Verisign Inc. currently is a better pick compared to NetApp Inc.. Verisign stock trades at about 20.5x trailing revenues, much higher than NTAP, whose P/S multiple stands at 3.2x.

You Should Read This Before Buying NetApp Stock

Adobe

Arista Networks

DigitalOcean Holdings

Alphabet

Hewlett Packard

Shopify

The cloud computing industry is set to grow by leaps and bounds in 2022 and beyond. That's great news for these seven cloud stocks.

The 7 Best Cloud Stocks to Buy for 2022

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp ONTAP achieves Commercial Solutions for Classified (CSfC) validation for a data-at-rest (DAR) capability package.

NetApp ONTAP Becomes First Enterprise Storage Platform to Receive Validation from NSA for Security and Encryption

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp's new global survey assesses the adoption of hybrid cloud strategies and operational focus areas among its global enterprise customer base.

NetApp Customers Say Hybrid Cloud is the Future of Enterprise IT in New Global Survey

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp strengthens its multi-cloud, storage & data services leadership with the appointment of Harvinder Bhela to the role of Chief Product Officer.

NetApp Strengthens its Multi-cloud, Storage, and Data Services Leadership, Appoints Harvinder Bhela to Newly Created Chief Product Officer Role

On Wednesday, NetApp Inc. (NASDAQ:NTAP) shares edged slightly higher after announcing its most recent quarterly results. The company reported its FQ2 revenue and earnings Tuesday after markets closed, beating analyst expectations.

Is it safe to buy NetApp stock after guiding Q3 results in line with expectations?

NetApp's (NTAP) fiscal second-quarter results reflect continued strength in the Hybrid Cloud and Public Cloud segments.

News for NetApp Stock (NTAP)