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

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Operating expenses

SG&A

Other

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EBITDA

Net income

Earnings per share

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Non-current assets

Net PPE

Intangibles

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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.

Workday

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Good News for Tech Investors: These 2 Stocks Are Jumping

NetApp Stock Rises on Improved Guidance. It's Beating the S&P Even as Sales Decline.

NetApp, Inc. (NASDAQ:NTAP ) Q2 2024 Earnings Conference Call November 28, 2023 5:00 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Mehdi Hosseini - SIG Meta Marshall - Morgan Stanley Krish Sankar - TD Cowen Steven Fox - Fox Advisors Asiya Merchant - Citi Wamsi Mohan - Bank of America Nehal Chokshi - Northland Capital Markets Simon Leopold - Raymond James Aaron Rakers - Wells Fargo Samik Chatterjee - JPMorgan Ananda Baruah - Loop Capital Sidney Ho - Deutsche Bank Operator Good day and welcome to the NetApp's Second Quarter Fiscal Year 2024 Earnings Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions.

NetApp, Inc. (NTAP) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for NetApp (NTAP) give a sense of how its business performed in the quarter ended October 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About NetApp (NTAP) Q2 Earnings

NetApp Inc. (NASDAQ:NTAP) shares jumped more than 11% in extended trading Tuesday after the company beat expectations with its fiscal second-quarter results and issued promising guidance.  The data infrastructure company posted adjusted earnings of $1.58 per share on revenue of $1.56 billion, compared to expectations of $1.40 per share on revenue of $1.53 billion.

NetApp shares rally on fiscal 2Q beat-and-raise

Shares of NetApp Inc. NTAP jumped 9.7% after hours on Tuesday after the data and storage software company forecast more upbeat profit and sales trends for its full fiscal year. Management said it expected revenue for the full year to be down “approximately 2%,” compared with FactSet forecasts for a 3.5% decline and earlier expectations for a “low-to-mid” single digit decrease.

NetApp stock rallies on upbeat full-year outlook

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the second quarter of fiscal year 2024, which ended on October 27, 2023. “We delivered another strong quarter, with revenue above the midpoint of our guidance and all-time highs for gross margins, operating margins, and EPS,” said George Kurian, chief executive officer. “We are at the forefront of the evolution of the storage industry, helping our customers.

NetApp Reports Second Quarter of Fiscal Year 2024 Results

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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for NetApp (NTAP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2023.

Ahead of NetApp (NTAP) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Pure Storage

Teradata

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Amid macroeconomic headwinds and spending cutbacks, 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, WDC, PSTG and TDC.

4 Storage Devices Stocks to Watch for in a Troubled Industry

NetApp's (NTAP) fiscal second-quarter performance is likely to have been affected by softening IT spending environment and cloud cost optimization efforts by clients.

Factors to Note Ahead of NetApp's (NTAP) Q2 Earnings Release

Broadstone Net Lease

Bank of Nova Scotia

Chimera Investment

Canadian Imperial Bank of Commerce

Cisco Systems

Diageo

GlaxoSmithKline

Haleon PLC

Illinois Tool Works

Leggett & Platt

McDonald's

MDU Resources Group

Medical Properties Trust

Realty Income Corp

Orion Office REIT

Paramount Global

Philip Morris

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Visa

Vanguard Dividend Appreciation ETF

Vanguard S&P 500 ETF

Growing dividend income takes time and consistency. The Fed paused a rate hike in September and will likely remain in a holding pattern for November, with a modest chance of an increase in December. Increase passive income by consistently investing in the market and letting dividend reinvestment do the trick.

Dividend Income Summary: Lanny's October 2023 Summary

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced that Anders Gustafsson, executive chair of Zebra Technologies, has joined its Board of Directors. This brings the number of directors on the NetApp Board of Directors to ten, nine of whom are independent and 30% of whom have been appointed within the last five years. "I am pleased to welcome Anders to our Board," said George Kurian, chief executive officer of NetApp. “Hi.

NetApp Appoints Anders Gustafsson to the Board of Directors

NetApp a company that provides on-premises data storage systems and public cloud services, is poised to report its Q2 FY'24 results toward the end of November.

Up 28% Since The Beginning Of 2023, What's Next For NetApp Stock?

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced the renewal of its collaboration with Microsoft. NetApp delivers innovations to Microsoft Azure users that bring together solutions for cloud storage with Azure NetApp Files (ANF) NetApp BlueXP, and Cloud Volumes ONTAP and now CloudOps solutions from Spot by NetApp—all based on industry-leading NetApp and Microsoft technologies. ANF is a purpose-built storage solution fo.

NetApp Extends Partnership with Microsoft Empowering Customers to Achieve More Through Cloud Adoption

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced NetApp StorageGRID for VMware Sovereign Cloud. The NetApp plugin for VMware Cloud Director Object Storage Extension enables sovereign cloud customers to more cost-effectively store, secure, protect, and preserve unstructured data while meeting global data privacy and residency regulations. NetApp also announced the latest release of NetApp ONTAP Tools for VMware vSphere.

NetApp Announces VMware Sovereign Cloud Integration and Simplified Data Management for Modern Virtualized Applications

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced they are targeting small and medium businesses with a new bundled virtualization solution that will be sold and marketed by Fujitsu, a VMware and NetApp reseller. The solution delivers an integrated and affordable virtualized infrastructure solution to help small and medium businesses simplify and accelerate the management of traditional and modern applications, sold and.

NetApp Delivers Simple, Affordable, and Application-First Hybrid Cloud Solution for the Midmarket together with Fujitsu and VMware

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Tuesday, November 28, 2023, NetApp (NASDAQ: NTAP) will announce financial results for the second quarter of fiscal year 2024 which ended October 27, 2023. 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 st.

NetApp Hosts Second Quarter of Fiscal Year 2024 Financial Results Webcast

Fairfax County, Virginia--(Newsfile Corp. - October 27, 2023) - Global cloud-led, data centric software company, NetApp celebrated the grand opening of its new U.S. Public Sector headquarters in the Boro Tower in Tysons on October 18, 2023 . NetApp chose to keep its U.S. Public Sector headquarters in Fairfax County, moving into a new, 24,000 square-feet office space.

NetApp Opens New U.S. Public Sector Headquarters in Tysons

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced multiple innovative portfolio updates, including enhancements to the industry's best data pipeline for hybrid multi-cloud AI and advancements on the most secure data storage against ransomware. These illustrate NetApp's industry-leading solutions drive simplicity, savings, security, and sustainability for customers. “There are two major disruptions today for customers: t.

NetApp Advances the State of AI & Secure Infrastructure at INSIGHT 2023

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced several updates to the industry's only unified data storage solution including new block storage products driving unmatched savings and sustainability, multiple improvements to public cloud storage services, and updates to NetApp Keystone Storage-as-a-Service (STaaS) —all designed to drive simplicity, savings, security, and sustainability for customers. Over two decades.

NetApp Extends Its Storage Leadership and Innovation at INSIGHT 2023 with the Only Unified Data Storage Across On-premises and Public Cloud

NetApp's (NTAP) new BMaaS solution is delivered as an as-a-service model through its Keystone solution.

NetApp (NTAP) Teams Up With Equinix for a New BMaaS Solution

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today released the 2023 Data Complexity Report, a global report that explores companies' growing needs for unified data storage. The report found that 98% of organizations are in the middle of their cloud journey, with three out of four reporting workloads stored on-premises, highlighting the need for a unified approach to hybrid multi-cloud architectures and continued innovation in bo.

NetApp's 2023 Data Complexity Report Reveals Urgent Need for Unified Data Storage

SUNNYVALE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) will hold their 2023 INSIGHT™ customer conference in Las Vegas, Nevada on October 23 – 25, 2023. On Monday, October 23, 2023, NetApp will host a technology session for financial analysts from 9:30 a.m. – 1:00 p.m. Pacific Time and will include chief executive officer, George Kurian; several tech specialists discussing NetApp's differentiation in the areas of enterprise storage, AI, Cloud and Hybrid Cloud; and Kris Newton, vice president,.

NetApp Hosts Technology Sessions at 2023 INSIGHT Conference in Las Vegas, Nevada

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced their new joint Bare-Metal-as-a-Service (BMaaS) solution, NetApp Storage on Equinix Metal. NetApp Storage integrated with Equinix Metal is delivered as an as-a-service model through NetApp Keystone®, which offers a real hybrid cloud experience—in a single subscription—so users can choose the storage capacity and performance they need without overprovisioning. Keystone® g.

News for NetApp Stock (NTAP)