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NetApp (NTAP)
NASDAQ:NTAP
Earnings Data
Report Date
May 29, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
1.9Last Year’s EPS
1.8Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -21.97%
|Next Earnings Date:May 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented both positive achievements and challenges. While there was strong growth in specific segments like all-flash arrays and public cloud, and improvements in operating and public cloud gross margins, there were notable execution challenges and unfavorable currency impacts. The company's guidance adjustments and sector-specific weaknesses also added caution. However, the company's strategic positioning and product strength provide a balanced outlook.Company Guidance
During the NetApp third quarter fiscal year 2025 earnings call, the company provided guidance adjusting its outlook for the fourth quarter and full fiscal year 2025, citing the recent divestiture of Spot by NetApp, the impact of a stronger U.S. dollar, and underperformance in Q3 revenue. The company now expects fiscal year 2025 revenue to range between $6.49 and $6.64 billion, representing approximately 5% year-over-year growth at the midpoint, with consolidated gross margin around 71% and operating margin between 28% and 28.5%. The earnings per share (EPS) forecast for the year is between $7.17 and $7.27, reflecting 12% growth at the midpoint. For the fourth quarter, revenue is projected to be between $1.65 and $1.80 billion, with an EPS range of $1.84 to $1.94. Despite Q3 challenges, the company remains focused on enhancing sales execution and controlling expenses, while maintaining a strong market position in AI and cloud solutions, with the anticipation of continued growth in these areas.Operating Margin Success
Achieved an operating margin of 30%, above expectations, indicating disciplined management of the business.
Strong Growth in All-Flash Array Business
All-flash array business grew 10% year-over-year, reaching an annualized revenue run rate of $3.8 billion.
Keystone Revenue Growth
Keystone, the Storage as a Service offering, saw revenue growth of nearly 60% year-over-year.
Public Cloud Segment Growth
Public Cloud segment revenue grew 15% year-over-year, with first-party and marketplace cloud storage services growing by over 40%.
Improvements in Public Cloud Gross Margins
Public cloud gross margins improved to 76%, up from 66% in the prior year, marking a 1,000 basis point improvement.
Recognition for Primary Storage
Named a customer's choice for primary storage in Gartner's 2025 Voice of the Customer report.
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NTAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $118.22 | $99.81 | -15.57% |
| Nov 21, 2024 | $126.11 | $121.79 | -3.43% |
| Aug 28, 2024 | $130.76 | $118.16 | -9.64% |
| May 30, 2024 | $115.02 | $118.90 | +3.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NetApp (NTAP) report earnings?
NetApp (NTAP) is schdueled to report earning on May 29, 2025, TBA Not Confirmed.
What is NetApp (NTAP) earnings time?
NetApp (NTAP) earnings time is at May 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTAP EPS forecast?
NTAP EPS forecast for the fiscal quarter 2025 (Q4) is 1.9.
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