Revenue segments as reported by the company.

Product

Services

Revenue Segments

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

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Margins

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

Sales and marketing

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Gain on sale or derecognition of assets

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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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

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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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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.

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp, a global cloud-led, data-centric software company, today announced the renewal of its partnership agreement with Ducati Corse for the 2023 to 2025 seasons and names NetApp the team's Official Data Infrastructure Partner. The latest innovation resulting from this partnership is a virtual data management and insights solution for race analytics and R&D that uses NetApp ONTAP® with NetApp SnapMirror™ and NetApp FlexCache™. The world of grand prix raci.

NetApp and Ducati Corse Renew Partnership and Introduce Co-Engineered Data Management and Insights Solution

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Undeniably, the innovation space has been the darling of Wall Street, although shifting sands may prompt a discussion about tech dividend stocks. The tech-centric Nasdaq Composite index gained over 29% since the start of the year, well above the benchmark S&P 500's performance of under 13% during the same period.

7 Tech Stocks That Also Pay You to Own Them

Compared with other highflying tech names, NetApp is a far more conservative choice for investors seeking stability and income.

Best Dividend Stocks: In Tech, NetApp Is A Conservative Play With A Dividend

NetApp stock presents a mixed investment profile with positive attributes like an attractive dividend and a substantial cash reserve, offset by concerns about its growth rates and the competitive tech sector. NetApp's near-term prospects are influenced by a challenging macroeconomic environment, with revenue growth rates expected to stabilize and possibly grow in the second half of fiscal year 2024. The stock's valuation appears reasonable, with an attractive dividend yield, substantial net cash, and a commitment to returning 100% of free cash flow to shareholders.

NetApp's Mixed Investment Profile, With Attractive Dividend And Buybacks

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

Why Is NetApp (NTAP) Up 0.5% Since Last Earnings Report?

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SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, announced it was recognized as a 2023 Google Cloud Technology Partner of the Year Awards in two categories: Infrastructure Storage and Marketplace Infrastructure. These prestigious awards highlight NetApp's track record of delivering scalable, performant, and secure storage solutions to customers as they continue to migrate, modernize, and transform their business-critical IT with Googl.

NetApp Wins Google Cloud Technology Partner of the Year Awards for Infrastructure Storage and Marketplace Infrastructure

NetApp NTAP recently unveiled a new managed Storage Service in collaboration with Google Cloud known as Google Cloud NetApp Volumes. The new service, now available, is based on NetApp ONTAP data management software and cloud services.

NetApp (NTAP) & Google Roll Out New Managed Storage Service

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced an extension of its partnership with Google Cloud to deliver new levels of storage performance combined with the simplicity and the flexibility of the cloud. With the introduction of Google Cloud NetApp Volumes - now available as a fully-managed, first-party service on Google Cloud - customers can seamlessly bring business-critical workloads across both Windows and Linu.

NetApp and Google Cloud Introduce Managed Storage Service to Revolutionize Enterprise Workloads in the Cloud

NetApp's (NTAP) first-quarter fiscal 2024 performance is hurt by weak IT spending environment.

NetApp (NTAP) Q1 Earnings & Revenues Top Estimates, Fall Y/Y

NetApp, Inc. (NASDAQ:NTAP ) Q1 2024 Earnings Conference Call August 13, 2023 5:00 PM ET Company Participants Kris Newton - Vice President, Investor Relations George Kurian - Chief Executive Officer Mike Berry - Chief Financial Officer Conference Call Participants Sidney Ho - Deutsche Bank Mehdi Hosseini - SIG Joe Cardoso - JPMorgan Michael Tsvetanov - Wells Fargo Victor Chiu - Raymond James Asiya Merchant - Citigroup Krish Sankar - TD Cowen David Vogt - UBS Steven Fox - Fox Advisors Wamsi Mohan - Bank of America Meta Marshall - Morgan Stanley Amit Daryanani - Evercore Shannon Cross - Credit Suisse Operator Good day, and welcome to the NetApp First Quarter of Fiscal Year 2024 Earnings Call. [Operator Instructions] Please note this event is being recorded.

NetApp, Inc. (NTAP) Q1 2024 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 July 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NetApp (NTAP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

NetApp (NTAP) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.20 per share a year ago.

NetApp (NTAP) Surpasses Q1 Earnings and Revenue Estimates

Cloud-services provider NetApp Inc. NTAP, +0.03% on Wednesday forecast second-quarter profit and sales that came in above expectations, but the company stuck with its full-year profit outlook amid a “challenging macroeconomic environment” still marked by pockets of cautious tech spending. The company forecast second-quarter adjusted earnings per share of $1.35 to $1.45, on sales of $1.455 billion to $1.605 billion, with the midpoint of both forecasts above FactSet estimates of $1.38 per share and $1.51 billion.

NetApp sticks with full-year forecast amid ‘challenging macroeconomic environment'

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) today reported financial results for the first quarter of fiscal year 2024, which ended on July 28, 2023. “We delivered a solid start to fiscal year 2024 in what continues to be a challenging macroeconomic environment. We are managing the elements within our control, driving better performance in our storage business, and building a more focused approach to cloud,” said George Kurian, chief executive officer. “In Q1, we introduced substan.

NetApp Reports First Quarter of Fiscal Year 2024 Results

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

NetApp (NTAP) to Report Q1 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.

Earnings Preview: NetApp (NTAP) Q1 Earnings Expected to Decline

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In July, we received a dividend income total of $1,421.13. The $200 dividend from Canada Imperial was reinvested and acquired almost 5 more shares, adding more income. July was probably one of the lowest number of stocks increasing their dividend for me.

Dividend Income Summary: Lanny's July 2023 Summary

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Wednesday, August 23, 2023, NetApp (NASDAQ: NTAP) will announce financial results for the first quarter of fiscal year 2024 which ended July 28, 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 start.

NetApp Hosts First Quarter of Fiscal Year 2024 Financial Results Webcast

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data-centric software company, today announced the launch of its Partner Sphere Partner Program. This program further solidifies NetApp's commitment to driving a partner-first culture that creates an ecosystem of collaboration and innovation to capture greater market share by growing flash revenue, accelerating cloud adoption, and leveraging partner-led solutions and services. Partner Sphere provides a unified engage.

NetApp's Partner Sphere Program Addresses the Complex Demands of Today's Flash and Cloud Customers

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Subscribers to  Chart of the Week  received this commentary on Sunday, July 23.

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News for NetApp Stock (NTAP)